[Economic Indicators November, 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.
________________________________________________________________________


________________________________________________________________________

                                               [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                               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-  actions    porta-   services,   services     assets     assets in     Net         and       net \4\     account
                                                                           \2\ \3\         tion       net                   abroad       U.S.                  income
                                                                                         receipts
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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..........................    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
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \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.