[Economic Indicators January, 2004]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the third quarter of 2003, the goods deficit fell to $136.2 billion, 
from $138.1 billion in the second quarter. The current account deficit 
fell to $135.0 billion in the third quarter from $139.4 billion in the 
second quarter.
________________________________________________________________________


________________________________________________________________________

                                                       [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (-)]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           Goods \1\                             Services                              Income receipts and payments
                                            --------------------------------------------------------------------------            -------------------------------------
                                                                                                    Net                Balance on                                        Unilateral  Balance  on
                   Period                                                               Net        travel     Other     goods and                                         current       current
                                               Exports      Imports     Balance on    military   and trans- services,   services    Receipts    Payments   Balance  on   transfers,    account
                                                                          goods        trans-      porta-      net                                            income      net \3\
                                                                                    actions \2\     tion
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1993 ......................................      456,943     -589,394     -132,451       1,385      19,714     42,185     -69,166     134,545    -110,255       24,290      -37,113      -81,989
1994 ......................................      502,859     -668,690     -165,831       2,570      16,305     49,767     -97,189     165,838    -148,744       17,094      -37,583     -117,678
1995 ......................................      575,204     -749,374     -174,170       4,600      21,772     52,729     -95,069     211,920    -186,880       25,040      -35,188     -105,217
1996 ......................................      612,113     -803,113     -191,000       5,385      25,015     57,731    -102,869     226,271    -201,743       24,528      -38,862     -117,203
1997 ......................................      678,366     -876,485     -198,119       4,968      22,152     63,952    -107,047     261,026    -240,371       20,655      -41,292     -127,684
1998 ......................................      670,416     -917,112     -246,696       5,220      10,210     68,113    -163,153     258,648    -251,751        6,897      -48,435     -204,691
1999 ......................................      683,965   -1,029,987     -346,022       2,593       7,085     75,143    -261,201     290,198    -273,088       17,110      -46,755     -290,846
2000 ......................................      771,994   -1,224,417     -452,423         317       2,486     74,236    -375,384     346,861    -327,256       19,605      -55,679     -411,458
2001 ......................................      718,712   -1,145,927     -427,215      -2,436      -3,254     75,086    -357,819     277,362    -266,673       10,689      -46,615     -393,745
2002 ......................................      681,874   -1,164,746     -482,872      -7,302      -3,781     75,917    -418,038     255,542    -259,512       -3,970      -58,853     -480,861
 
2000:III ..................................      198,821     -314,622     -115,801        -225         -75     18,161     -97,940      85,791     -82,938        2,853      -13,480     -108,567
      IV ..................................      196,830     -315,531     -118,701         107         213     18,783     -99,598      91,000     -82,721        8,279      -17,435     -108,754
 
2001:I ....................................      194,145     -306,871     -112,726        -772       1,182     18,876     -93,440      79,087     -78,157          930      -11,494     -104,004
      II ..................................      184,457     -291,627     -107,170         101      -1,157     18,770     -89,456      72,607     -71,794          813      -11,321      -99,964
      III .................................      172,526     -278,847     -106,321        -376        -719     18,373     -89,043      65,701     -69,038       -3,337      -11,256     -103,636
      IV ..................................      167,584     -268,582     -100,998      -1,389      -2,563     19,068     -85,882      59,967     -47,683       12,284      -12,542      -86,140
 
2002:I ....................................      165,298     -271,331     -106,033      -1,609        -597     18,182     -90,057      60,632     -61,365         -733      -15,938     -106,728
      II ..................................      171,421     -292,707     -121,286      -1,917      -1,322     19,637    -104,888      63,920     -68,378       -4,458      -13,481     -122,827
      III .................................      174,315     -297,627     -123,312      -1,572      -1,118     19,022    -106,980      66,124     -67,871       -1,747      -13,997     -122,724
      IV ..................................      170,840     -303,081     -132,241      -2,204        -746     19,075    -116,116      64,864     -61,898        2,966      -15,436     -128,586
 
2003:I ....................................      173,346     -309,364     -136,018      -2,847      -2,339     19,575    -121,629      62,901     -62,710          191      -17,269     -138,707
      II ..................................      174,247     -312,335     -138,088      -3,107      -3,012     20,023    -124,184      64,310     -62,580        1,730      -16,940     -139,394
      III p................................      177,858     -314,090     -136,232      -2,519      -2,664     20,098    -121,317      67,344     -64,749        2,595      -16,319     -135,041
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \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\ Includes transfers of goods 
and services under U.S. military 
grant programs.
    See p. 37 for continuation of 
table.