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



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 1996, the goods deficit fell to $45.3 billion, 
from $51.9 billion in the third quarter. The current account deficit 
fell to $41.4 billion, from $47.9 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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                                                                                  Goods \1\                                Services                                       Investment income                                             
                                                                    ---------------------------------------------------------------------------------            -----------------------------------                                    
                                                                                                                                   Net                                                                 Balance                          
                                                                                                                                  travel              Balance on   Receipts    Payments               on goods,  Unilateral   Balance on
                               Period                                                            Net          Net military      and trans-   Other     goods and    on U.S.   on foreign              services,  transfers,    current  
                                                                      Exports     Imports      balance    transactions \2\ \3\    porta-   services,   services     assets     assets in     Net         and       net \4\     account  
                                                                                                                                   tion       net                   abroad       U.S.                  income                           
                                                                                                                                 receipts                                                                                               
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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
1996 p.............................................................    611,669     -799,343     -187,674           2,809           21,094     49,564    -114,207     196,902    -205,318     -8,416    -122,623     -42,472     -165,095
                                                                                                                                                                                                                                        
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.............................................................    150,032     -193,159      -43,127             489            5,358     12,650     -24,630      47,549     -47,238        311     -24,319     -10,955      -35,274
      II...........................................................    153,120     -200,490      -47,370             725            5,346     12,341     -28,958      48,062     -50,277     -2,215     -31,173      -9,420      -40,593
      III..........................................................    150,144     -202,013      -51,869             515            4,956     12,119     -34,279      48,696     -52,794     -4,098     -38,377      -9,476      -47,853
      IV p.........................................................    158,373     -203,681      -45,308           1,080            5,430     12,453     -26,345      52,594     -55,008     -2,414     -28,759     -12,621      -41,380
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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.