[Economic Indicators May, 1996]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 1995, the merchandise trade deficit fell to 
$38.0 billion, from $43.3 billion in the third quarter. The current 
account deficit fell to $31.1 billion, from $40.3 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                                           
                                  -----------------------------------------------------------------------------            ----------------------------------                                   
                                                                                              Net                                                               Balance                         
                                                                                            travel              Balance on                                     on goods,  Unilateral  Balance on
              Period                                                                          and      Other     goods and   Receipts   Payments               services,  transfers,    current 
                                    Exports    Imports       Net         Net military       trans-   services,   services    on U.S.   on foreign     Net         and       net\4\      account 
                                                           balance    transactions\2\\3\    porta-      net                   assets    assets in               income                          
                                                                                             tion                             abroad      U.S.                                                  
                                                                                           receipts                                                                                             
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1986.............................   223,344    -368,425    -145,081          -5,181          -8,484     19,194    -139,551     91,976     -79,095     12,881    -126,670     -24,189    -150,859
1987.............................   250,208    -409,765    -159,557          -3,844          -7,613     18,319    -152,696    100,767     -91,302      9,465    -143,231     -23,107    -166,338
1988.............................   320,230    -447,189    -126,959          -6,320          -2,591     20,546    -115,324    129,070    -115,806     13,264    -102,060     -25,023    -127,083
1989.............................   362,120    -477,365    -115,245          -6,749           4,043     26,558     -91,392    152,517    -138,858     13,659     -77,733     -26,106    -103,839
1990.............................   389,307    -498,337    -109,030          -7,599           8,002     28,633     -79,994    160,300    -139,574     20,725     -59,268     -33,393     -92,661
1991.............................   416,913    -490,981     -74,068          -5,274          17,032     32,907     -29,404    137,003    -121,892     15,111     -14,293       6,869      -7,424
1992.............................   440,352    -536,458     -96,106          -2,142          20,484     38,284     -39,480    118,425    -108,346     10,079     -29,402     -32,148     -61,549
1993.............................   456,823    -589,441    -132,618             448          19,885     37,444     -74,841    119,248    -110,248      9,000     -65,841     -34,084     -99,925
1994.............................   502,485    -668,584    -166,099           2,148          19,330     38,410    -106,212    137,619    -146,891     -9,272    -115,484     -35,761    -151,245
1995p............................   574,879    -749,348    -174,469           2,810          18,658     41,584    -111,418    181,301    -192,703    -11,402    -122,820     -30,095    -152,915
                                                                                                                                                                                                
1993:I...........................   111,862    -140,821     -28,959             401           5,302      9,683     -13,573     28,950     -25,239      3,711      -9,862      -7,521     -17,383
      II.........................   114,131    -147,718     -33,587              90           5,389      9,315     -18,793     29,958     -27,893      2,065     -16,728      -7,609     -24,337
      III........................   111,576    -148,181     -36,605             283           5,062      9,272     -21,988     29,931     -26,741      3,190     -18,798      -8,234     -27,032
      IV.........................   119,254    -152,721     -33,467            -326           4,131      9,172     -20,490     30,412     -30,376         36     -20,454     -10,722     -31,176
                                                                                                                                                                                                
1994:I...........................   118,445    -154,935     -36,490             -31           4,642      8,863     -23,016     30,942     -30,826        116     -22,900      -7,371     -30,271
      II.........................   122,730    -164,224     -41,494             376           4,647      9,548     -26,923     32,338     -34,623     -2,285     -29,208      -8,778     -37,986
      III........................   127,384    -172,011     -44,627           1,124           4,792      9,904     -28,807     36,031     -38,564     -2,533     -31,340      -8,374     -39,714
      IV.........................   133,926    -177,414     -43,488             679           5,247     10,095     -27,467     38,307     -42,878     -4,571     -32,038     -11,239     -43,277
                                                                                                                                                                                                
1995:I...........................   138,325    -182,784     -44,459             542           5,017      9,996     -28,904     43,185     -45,215     -2,030     -30,934      -7,520     -38,454
      II.........................   142,667    -191,321     -48,654             587           4,347     10,379     -33,341     45,401     -48,085     -2,684     -36,025      -7,117     -43,142
      III........................   145,050    -188,376     -43,326             889           4,480     10,650     -27,307     44,450     -49,613     -5,163     -32,470      -7,780     -40,250
      IVp........................   148,837    -186,867     -38,030             792           4,812     10,557     -21,869     48,264     -49,791     -1,527     -23,396      -7,677     -31,073
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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.