Examine the summary of the balance of payments of the United States for 2021. Compute and discuss the balance on the current account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in $ billion) Current Account [1] Exports [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services [3] Primary income Credits Debits $2,528.4 1,652.1 876.3 -$3,104.7 -2,513.6 -591.1 [4] Secondary income Balance on current account [[1]+[2]+[3]+[4]] Capital Account Balance on capital account 1,124.9 -893.0 159.2 -286.9 -472.1 0.1 -6.5 -6.4 Financial Account (excluding official reserves) [5] Direct investment 302.2 -122.2 [6] Portfolio investment 218.9 13.5 [6.1] Equity securities -244.1 163.4 [6.2] Debt securities [7] Other investment 421.3 -149.9 [6.3] Derivatives, net 41.7 276.4 -203.6 Balance on financial account [[5]+[6]+[7]] 485.2 [8] Statistical discrepancies Overall balance Official Reserve Account Source: The U.S. Bureau of Economic Analysis 4.7 -2.0 -4.7