[Economic Indicators August, 2004] [Page Number 36] [From the U.S. Government Publishing Office, www.gpo.gov] U.S. INTERNATIONAL TRANSACTIONS In the first quarter of 2004, the goods deficit rose to $150.8 billion, from $139.4 billion in the fourth quarter of 2003. The current account deficit rose to $144.9 billion in the first quarter from $127.0 billion in the fourth 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1994 ...................................... 502,859 -668,690 -165,831 2,570 16,305 48,577 -98,379 166,521 -149,375 17,146 -36,799 -118,032 1995 ...................................... 575,204 -749,374 -174,170 4,600 21,772 51,533 -96,265 210,244 -189,353 20,891 -34,104 -109,478 1996 ...................................... 612,113 -803,113 -191,000 5,385 25,015 56,658 -103,942 226,129 -203,811 22,318 -38,583 -120,207 1997 ...................................... 678,366 -876,470 -198,104 4,968 22,152 62,806 -108,178 256,804 -244,195 12,609 -40,410 -135,979 1998 ...................................... 670,416 -917,103 -246,687 5,220 10,210 66,389 -164,868 261,308 -257,554 3,754 -48,443 -209,557 1999 ...................................... 683,965 -1,029,980 -346,015 2,593 7,085 73,085 -263,252 293,222 -280,037 13,185 -46,755 -296,822 2000 ...................................... 771,994 -1,224,408 -452,414 317 2,486 71,267 -378,344 350,449 -329,864 20,585 -55,684 -413,443 2001 ...................................... 718,712 -1,145,900 -427,188 -2,296 -3,254 70,046 -362,692 286,692 -263,120 23,572 -46,581 -385,701 2002 ...................................... 681,833 -1,164,728 -482,895 -7,158 -3,451 71,769 -421,735 266,799 -259,626 7,173 -59,382 -473,944 2003 ...................................... 713,122 -1,260,674 -547,552 -12,626 -10,303 73,973 -496,508 294,385 -261,106 33,279 -67,439 -530,668 2001:I .................................... 193,976 -309,396 -115,420 -737 1,182 17,644 -97,331 81,760 -77,035 4,725 -14,083 -106,689 II .................................. 185,030 -290,214 -105,184 131 -1,157 17,194 -89,016 75,460 -69,297 6,163 -14,690 -97,543 III ................................. 172,648 -277,881 -105,233 -341 -719 17,017 -89,276 67,465 -68,367 -902 -1,719 -91,897 IV .................................. 167,058 -268,409 -101,351 -1,349 -2,563 18,193 -87,070 62,008 -48,425 13,583 -16,087 -89,574 2002:I .................................... 165,123 -273,520 -108,397 -1,574 -802 17,014 -93,759 63,455 -62,490 965 -17,411 -110,205 II .................................. 172,034 -291,395 -119,361 -1,882 -1,073 18,943 -103,373 67,306 -68,260 -954 -13,562 -117,889 III ................................. 174,371 -296,778 -122,407 -1,537 -901 17,929 -106,916 69,542 -68,199 1,343 -13,427 -119,000 IV .................................. 170,305 -303,035 -132,730 -2,165 -675 17,882 -117,688 66,496 -60,677 5,819 -14,980 -126,849 2003:I .................................... 173,459 -311,402 -137,943 -2,905 -2,745 18,207 -125,386 67,677 -63,682 3,995 -16,815 -138,206 II .................................. 174,554 -310,087 -135,533 -3,215 -3,183 18,551 -123,380 68,893 -63,019 5,874 -16,369 -133,875 III ................................. 178,251 -312,886 -134,635 -3,047 -3,088 18,520 -122,250 73,785 -66,524 7,261 -16,639 -131,628 IV .................................. 186,858 -326,299 -139,441 -3,459 -1,287 18,693 -125,494 84,030 -67,879 16,151 -17,617 -126,960 2004:I p................................... 193,920 -344,688 -150,768 -3,475 -1,801 19,113 -136,931 84,479 -71,804 12,675 -20,623 -144,879 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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.