[Economic Indicators May, 1998]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 1997, the goods deficit fell to $49.9 billion, 
from $52.0 billion in the third quarter. The current account deficit 
rose to $45.6 billion, from $43.1 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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1988...............................................................    320,230     -447,189     -126,959          -6,320           -2,591     19,969    -115,900     129,366    -115,722     13,644    -102,256     -25,988     -128,245
1989...............................................................    362,120     -477,365     -115,245          -6,749            4,043     25,662     -92,288     153,659    -138,639     15,020     -77,268     -26,963     -104,231
1990...............................................................    389,307     -498,337     -109,030          -7,599            8,002     27,401     -81,225     163,324    -139,402     23,921     -57,304     -34,588      -91,892
1991...............................................................    416,913     -490,981      -74,068          -5,274           17,032     31,284     -31,027     141,408    -121,159     20,249     -10,779       5,122       -5,657
1992...............................................................    440,352     -536,458      -96,106          -1,448           19,974     38,373     -39,207     125,852    -107,836     18,016     -21,191     -35,192      -56,383
1993...............................................................    456,832     -589,441     -132,609           1,269           19,764     39,274     -72,301     129,844    -110,176     19,668     -52,634     -38,137      -90,771
1994...............................................................    502,398     -668,590     -166,192           1,874           16,519     43,383    -104,416     154,510    -144,787      9,723     -94,693     -38,845     -133,538
1995...............................................................    575,871     -749,431     -173,560           3,866           21,197     46,640    -101,857     196,880    -190,072      6,808     -95,049     -34,046     -129,095
1996...............................................................    612,069     -803,239     -191,170           3,786           24,713     51,631    -111,040     206,400    -203,577      2,824    -108,216     -39,968     -148,184
1997 p.............................................................    678,348     -877,282     -198,934           3,830           25,584     55,878    -113,643     236,043    -250,320    -14,277    -127,920     -38,526     -166,446
                                                                                                                                                                                                                                        
1995:I.............................................................    138,389     -182,790      -44,401             722            4,312     11,062     -28,305      47,218     -45,171      2,047     -26,258      -8,451      -34,709
      II...........................................................    143,181     -190,739      -47,558             984            4,333     11,442     -30,799      50,303     -47,080      3,223     -27,576      -8,128      -35,704
      III..........................................................    145,360     -188,180      -42,820           1,289            5,755     11,892     -23,884      49,130     -49,531       -401     -24,285      -8,847      -33,132
      IV...........................................................    148,941     -187,722      -38,781             871            6,796     12,240     -18,874      50,230     -48,290      1,940     -16,934      -8,620      -25,554
                                                                                                                                                                                                                                        
1996:I.............................................................    150,048     -192,973      -42,925             485            5,194     12,707     -24,539      49,277     -47,216      2,061     -22,478     -10,406      -32,884
      II...........................................................    153,411     -200,973      -47,562           1,214            5,818     12,751     -27,779      50,188     -49,305        883     -26,896      -8,689      -35,585
      III..........................................................    150,764     -203,257      -52,493             792            6,559     12,626     -32,516      51,893     -53,263     -1,370     -33,886      -8,947      -42,833
      IV...........................................................    157,846     -206,036      -48,190           1,295            7,147     13,550     -26,198      55,043     -53,793      1,250     -24,948     -11,926      -36,874
                                                                                                                                                                                                                                        
1997:I ............................................................    162,341     -212,185      -49,844             437            6,249     13,834     -29,324      55,243     -57,258     -2,015     -31,339      -8,577      -39,916
      II ..........................................................    171,227     -218,415      -47,188           1,048            6,467     14,003     -25,670      59,106     -62,376     -3,270     -28,940      -8,855      -37,795
      III .........................................................    170,255     -222,256      -52,001           1,398            6,792     13,904     -29,907      60,875     -65,012     -4,137     -34,044      -9,070      -43,114
      IV p.........................................................    174,525     -224,426      -49,901             947            6,078     14,137     -28,739      60,817     -65,673     -4,856     -33,595     -12,024      -45,619
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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.