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



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 2003, the goods deficit rose to $139.2 billion, 
from $136.2 billion in the third quarter. The current account deficit 
fell to $127.5 billion in the fourth quarter from $135.3 billion in the 
third quarter.
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                                                       [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (-)]
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                                                           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
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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
2003 p.....................................      713,761   -1,263,170     -549,409      -10,898     -9,289     79,432    -490,164     275,543    -258,918       16,625      -68,291     -541,830
 
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 ....................................      173,385     -309,328     -135,943       -2,847     -2,324     19,566    -121,548      62,481     -62,698         -217      -17,391     -139,156
      II ..................................      174,287     -312,299     -138,012       -3,107     -2,997     20,016    -124,100      63,890     -62,568        1,322      -17,062     -139,840
      III .................................      177,777     -314,025     -136,248       -2,550     -2,780     19,932    -121,646      68,615     -65,610        3,005      -16,651     -135,292
      IV p.................................      188,312     -327,518     -139,206       -2,394     -1,189     19,919    -122,870      80,559     -68,042       12,517      -17,188     -127,541
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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\ Includes transfers of goods 
and services under U.S. military 
grant programs.
    See p. 37 for continuation of 
table.