[Economic Indicators February, 1997]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the third quarter of 1996, the merchandise trade deficit rose to 
$51.6 billion, from $47.0 billion in the second quarter. The current 
account deficit rose to $48.0 billion, from $40.2 billion in the second 
quarter.
  ______________________________________________________________________


  ______________________________________________________________________

                                               [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]                                              
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                             Goods \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                                                                                             
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1986 .........................    223,344     -368,425     -145,081          -5,181          -8,484    18,609     -140,136    91,976     -79,095     12,881    -127,255     -24,833     -152,088
1987 .........................    250,208     -409,765     -159,557          -3,844          -7,613    18,097     -152,918   100,767     -91,302      9,465    -143,453     -23,939     -167,392
1988 .........................    320,230     -447,189     -126,959          -6,320          -2,591    20,352     -115,518   129,070    -115,722     13,348    -102,170     -26,266     -128,436
1989 .........................    362,120     -477,365     -115,245          -6,749           4,043    26,192      -91,758   152,517    -138,639     13,878     -77,880     -27,696     -105,575
1990 .........................    389,307     -498,337     -109,030          -7,599           8,002    28,291      -80,336   160,300    -139,402     20,897     -59,439     -35,219      -94,657
1991 .........................    416,913     -490,981      -74,068          -5,274          17,032    32,440      -29,872   137,003    -121,159     15,844     -14,028       4,510       -9,518
1992 .........................    440,352     -536,458      -96,106          -1,448          20,484    38,805      -38,264   119,046    -107,851     11,195     -27,069     -35,514      -62,583
1993 .........................    456,832     -589,441     -132,609             880          20,026    39,665      -72,039   119,900    -110,158      9,742     -62,297     -37,640      -99,936
1994..........................    502,463     -668,584     -166,121           1,963          16,711    43,068     -104,379   141,704    -145,863     -4,159    -108,539     -39,866     -148,405
1995..........................    575,940     -749,364     -173,424           3,585          18,361    46,415     -105,064   182,659    -190,674     -8,016    -113,079     -35,075     -148,154
                                                                                                                                                                                                
1994:I........................    118,462     -155,301      -36,839             -38           4,016    10,159      -22,702    31,841     -30,678      1,163     -21,539      -8,169      -29,708
      II......................    122,909     -163,993      -41,084             367           4,221    10,614      -25,882    33,287     -33,923       -636     -26,518      -9,507      -36,025
      III.....................    127,237     -171,652      -44,415           1,171           3,758    11,039      -28,447    37,212     -38,801     -1,589     -30,036      -9,975      -40,011
      IV .....................    133,855     -177,638      -43,783             463           4,717    11,257      -27,346    39,368     -42,462     -3,094     -30,440     -12,215      -42,655
                                                                                                                                                                                                
1995:I........................    138,551     -183,474      -44,923             628           3,770    11,010      -29,515    44,100     -45,000       -900     -30,415      -8,639      -39,054
      II......................    142,983     -190,910      -47,927             859           3,834    11,410      -31,824    46,779     -47,641       -862     -32,686      -8,290      -40,976
      III.....................    144,984     -187,532      -42,548           1,120           5,087    12,006      -24,335    45,269     -49,630     -4,361     -28,696      -8,992      -37,688
      IV......................    149,422     -187,448      -38,026             978           5,670    11,987      -19,391    46,513     -48,403     -1,890     -21,281      -9,154      -30,435
                                                                                                                                                                                                
1996:I .......................    150,028     -192,758      -42,730             489           5,362    12,652      -24,227    47,497     -47,235        262     -23,965     -10,904      -34,869
      II .....................    153,095     -200,091      -46,996             725           5,349    12,345      -28,577    48,010     -50,274     -2,264     -30,841      -9,369      -40,210
      III p...................    149,937     -201,530      -51,593             710           5,077    11,972      -33,834    48,303     -53,008     -4,705     -38,539      -9,422      -47,961
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \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.