[Economic Indicators May, 1995]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 1994, the merchandise trade deficit fell to 
$43.0 billion, from $44.6 billion in the third quarter. The current 
account deficit rose to $44.8 billion, from $40.8 billion in the third 
quarter.
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                                                                   [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]                                                                  
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                                              Merchandise \1\                                Services                                                          Investment income                                                        
                                    ---------------------------------------------------------------------------------------                           ---------------------------------- Balance on                                     
                                                                                                                                                        Receipts   Payments                goods,    Unilateral                         
               Period                                          Net         Net military      Nettravelandtrans-    Other    Balanceongoodsandservices   on U.S.   on foreign              services,  transfers,  Balanceoncurrentaccount
                                      Exports    Imports     balance   transactions \2\ \3\  porta-tionreceipts  services,                               assets    assets in     Net     and income    net \4\                          
                                                                                                                    net                                  abroad      U.S.                                                               
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1981...............................   237,044    -265,067     -28,023            -844                  144          12,552             -16,172            86,529     -53,626     32,903      16,732     -11,702              5,030      
1982...............................   211,157    -247,642     -36,485             112                 -992          13,209             -24,156            86,200     -56,412     29,788       5,632     -17,075            -11,443      
1983 ..............................   201,799    -268,901     -67,102            -563               -4,227          14,095             -57,796            84,778     -53,700     31,078     -26,719     -17,741            -44,460      
1984 ..............................   219,926    -332,418    -112,492          -2,547               -8,438          14,277            -109,200           104,075     -74,036     30,038     -79,161     -20,612            -99,773      
1985 ..............................   215,915    -338,088    -122,173          -4,390               -9,798          14,266            -122,095            92,760     -73,087     19,673    -102,422     -22,950           -125,372      
1986 ..............................   223,344    -368,425    -145,081          -5,181               -7,382          18,855            -138,789            90,858     -79,095     11,763    -127,026     -24,176           -151,201      
1987 ..............................   250,208    -409,765    -159,557          -3,844               -6,481          17,900            -151,981            99,239     -91,302      7,937    -144,045     -23,052           -167,097      
1988 ..............................   320,230    -447,189    -126,959          -6,315               -1,511          19,961            -114,824           127,414    -115,806     11,607    -103,217     -24,977           -128,194      
1989 ..............................   362,116    -477,365    -115,249          -6,726                5,071          26,558             -90,345           152,517    -138,858     13,659     -76,686     -26,134           -102,820      
1990 ..............................   389,303    -498,336    -109,033          -7,567                8,978          28,811             -78,810           160,300    -139,574     20,725     -58,085     -33,663            -91,748      
1991 ..............................   416,913    -490,981     -74,068          -5,485               17,957          33,124             -28,472           136,914    -122,081     14,833     -13,639       6,687             -6,952      
1992 ..............................   440,361    -536,458     -96,097          -3,034               20,885          37,862             -40,384           114,449    -109,909      4,540     -35,844     -32,042            -67,886      
1993 ..............................   456,866    -589,441    -132,575            -763               20,840          36,773             -75,725           113,856    -109,910      3,946     -71,779     -32,117           -103,896      
1994 p.............................   502,729    -669,093    -166,364             268               21,050          38,678            -106,370           134,855    -150,036    -15,181    -121,551     -34,121           -155,673      
                                                                                                                                                                                                                                        
1993: I ...........................   111,664    -140,855     -29,191            -105                5,307           9,567             -14,422            27,727     -25,872      1,855     -12,567      -7,283            -19,850      
      II ..........................   113,787    -147,514     -33,727            -128                5,565           9,221             -19,070            28,801     -28,133        668     -18,402      -7,200            -25,602      
      III .........................   111,736    -148,224     -36,488             -87                5,230           9,087             -22,258            28,513     -26,498      2,015     -20,243      -7,613            -27,856      
      IV ..........................   119,679    -152,848     -33,169            -444                4,740           8,897             -19,976            28,816     -29,406       -590     -20,566     -10,021            -30,587      
                                                                                                                                                                                                                                        
1994: I ...........................   117,848    -154,900     -37,052            -337                4,195           8,875             -24,320            29,879     -30,699       -820     -25,140      -7,098            -32,238      
      II ..........................   122,510    -164,231     -41,721             177                5,440           9,467             -26,637            31,868     -34,687     -2,819     -29,456      -8,371            -37,827      
      III .........................   127,632    -172,247     -44,615             230                5,646          10,001             -28,738            35,626     -39,663     -4,037     -32,775      -8,073            -40,848      
      IV p.........................   134,739    -177,715     -42,976             199                5,769          10,333             -26,675            37,483     -44,987     -7,504     -34,179     -10,579            -44,758      
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    \1\ Adjusted from Census data 
for differences in timing and 
coverage; excludes military.
    \2\ Transfers under U.S. 
military agency sales contracts 
(exports) minus direct defense 
expenditures (imports).
    \3\ Quarterly data are not 
seasonally adjusted.
    \4\ Includes transfers of goods 
and services under U.S. military 
grant programs.

    See p. 37 for continuation of 
              table.