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



 
U.S. INTERNATIONAL TRANSACTIONS

In the second quarter of 2004, the goods deficit rose to $163.6 billion, 
from $150.8 billion in the first quarter. The current account deficit 
rose to $166.2 billion in the second quarter from $147.2 billion in the 
first 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     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: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 ....................................      193,920     -344,688     -150,768       -3,534     -2,668     18,368    -138,602      83,528     -71,364       12,164      -20,726     -147,164
      II p.................................      199,315     -362,895     -163,580       -3,191     -1,950     18,435    -150,286      86,883     -84,240        2,643      -18,534     -166,177
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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.