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Current account deficit News, Articles and Videos Current account deficit is the difference between a country’s total imports and exports. A country is said to have a current account deficit if it imports more goods, services, and investments than it exports. This is a reflection of the country’s negative balance of payments. A current account deficit can be caused by a number of factors, including a low savings rate, high levels of consumption, or large investments abroad. In some cases, a current account deficit can be a sign of economic strength, as it can indicate that a country is a net importer of goods, services, and capital. However, if a country’s current account deficit persists for an extended period of time, it can become unsustainable and lead to economic problems.