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



 
U.S. INTERNATIONAL TRANSACTIONS

In the second quarter of 1998, the goods deficit rose to $64.8 billion, 
from $55.7 billion in the first quarter. The current account deficit 
rose to $56.5 billion in the second quarter, from $46.7 billion in the 
first 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     trans- ac-     porta-   services,   services     assets    assets in     Net        and       net \4\     account
                                                                            tions \2\ \3\     tion       net                   abroad      U.S.                 income
                                                                                            receipts
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1988 .................................    320,230     -447,189    -126,959      -6,320        -3,013     20,435    -115,856    129,366    -115,722    13,644    -102,212     -25,988    -128,201
1989 .................................    362,120     -477,365    -115,245      -6,749         3,551     26,245     -92,197    153,659    -138,639    15,020     -77,177     -26,963    -104,139
1990 .................................    389,307     -498,337    -109,030      -7,599         7,501     27,999     -81,129    163,324    -139,149    24,174     -56,955     -34,669     -91,624
1991 .................................    416,913     -490,981     -74,068      -5,274        16,561     31,851     -30,931    141,408    -119,891    21,517      -9,414       5,032      -4,383
1992 .................................    440,352     -536,458     -96,106      -1,448        19,969     38,899     -38,685    125,003    -102,462    22,541     -16,144     -35,230     -51,374
1993 .................................    456,832     -589,441    -132,609       1,269        19,714     39,686     -71,939    126,702    -102,754    23,948     -47,991     -38,142     -86,133
1994 .................................    502,398     -668,590    -166,192       2,495        16,305     46,479    -100,913    157,742    -141,263    16,479     -84,434     -39,391    -123,825
1995 .................................    575,845     -749,574    -173,729       4,769        21,772     47,297     -99,891    203,844    -184,569    19,275     -80,616     -34,638    -115,254
1996 .................................    611,983     -803,320    -191,337       4,684        24,969     53,110    -108,574    213,196    -198,960    14,236     -94,338     -40,577    -134,915
1997 .................................    679,325     -877,279    -197,954       6,781        22,670     58,297    -110,206    241,787    -247,105    -5,318    -115,524     -39,691    -155,215
1995:III .............................    145,909     -188,077     -42,168       1,518         6,064     12,086     -22,500     50,772     -48,212     2,560     -19,940      -8,938     -28,878
      IV .............................    148,817     -187,865     -39,048       1,222         6,781     12,416     -18,629     52,445     -46,763     5,682     -12,947      -8,967     -21,914
1996:I ...............................    150,855     -193,467     -42,612         748         5,769     12,994     -23,101     51,997     -46,638     5,359     -17,742     -10,473     -28,215
      II .............................    152,130     -200,965     -48,835         993         6,548     13,090     -28,204     51,801     -47,826     3,975     -24,229      -8,777     -33,006
      III ............................    151,253     -202,806     -51,553       1,105         4,345     13,025     -33,078     53,058     -51,327     1,731     -31,347      -9,043     -40,390
      IV .............................    157,745     -206,082     -48,337       1,838         8,307     14,001     -24,191     56,340     -53,168     3,172     -21,019     -12,284     -33,303
1997:I ...............................    163,499     -213,222     -49,723       1,542         5,944     14,107     -28,130     57,581     -57,567        14     -28,116      -8,874     -36,990
      II .............................    169,240     -218,336     -49,096       2,191         5,711     14,679     -26,515     61,271     -60,811       460     -26,055      -9,035     -35,090
      III ............................    172,302     -221,598     -49,296       1,945         5,414     14,832     -27,105     62,551     -64,095    -1,544     -28,649      -9,445     -38,094
      IV .............................    174,284     -224,123     -49,839       1,103         5,600     14,677     -28,459     60,384     -64,631    -4,247     -32,706     -12,337     -45,043
1998:I r..............................    171,469     -227,167     -55,698       1,527         4,416     14,748     -35,007     62,522     -64,770    -2,248     -37,255      -9,480     -46,735
      II p............................    164,666     -229,497     -64,831       1,036         4,394     15,448     -43,953     62,458     -65,696    -3,238     -47,191      -9,334     -56,525
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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.