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Historical Year Data · 1974

US Current Account (% GDP, WEO) in 1974

US Current Account (% GDP, WEO) opened 1974 at 0.11% and closed at 0.11%, a +0.00% move for the year. The high of 0.11% was reached on December 31, and the low of 0.11% on December 31.

Open
0.11%
1974-01
Close
0.11%
1 data points
High
0.11%
Dec 31
Low
0.11%
Dec 31
Full Year Change
+0.00%
1973 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec0.11%0.11%0.11%0.11%+0.00%

Events During 1974

1973 OPEC Oil Embargo
Stagflation
October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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Related Metrics

US Real GDP Growth (WEO)
1974
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1974
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1974
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1974
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1974
UK Real GDP Growth (WEO)
1974

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