[Economic Indicators May, 2008]
[Page Number 36]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS

In the fourth quarter of 2007, the goods deficit rose to $208.1 billion, 
from $200.5 billion in the third quarter. The current account deficit 
fell to $172.9 billion in the fourth quarter, from $177.4 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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1998.......................................      670,416     -918,637     -248,221        5,220     10,210     66,651    -166,140     261,819    -257,554        4,265      -53,187     -215,062
1999.......................................      683,965   -1,031,784     -347,819        2,593      7,085     73,051    -265,090     293,925    -280,037       13,888      -50,428     -301,630
2000.......................................      771,994   -1,226,684     -454,690          317      2,486     72,052    -379,835     350,918    -329,864       21,054      -58,645     -417,426
2001.......................................      718,712   -1,148,231     -429,519       -2,296     -3,254     69,943    -365,126     290,797    -259,075       31,722      -51,295     -384,699
2002.......................................      682,422   -1,167,377     -484,955       -7,158     -4,245     72,633    -423,725     281,215    -253,544       27,671      -63,587     -459,641
2003.......................................      713,415   -1,264,307     -550,892      -11,981    -11,475     77,433    -496,915     320,568    -275,147       45,421      -70,607     -522,101
2004.......................................      807,516   -1,477,094     -669,578      -13,518    -14,275     85,279    -612,092     401,942    -345,585       56,357      -84,414     -640,148
2005.......................................      894,631   -1,681,780     -787,149      -10,536    -12,945     96,259    -714,371     505,488    -457,430       48,058      -88,535     -754,848
2006.......................................    1,023,109   -1,861,380     -838,271      -13,942    -10,636    104,327    -758,522     650,462    -613,823       36,640      -89,595     -811,477
2007 p.....................................    1,149,208   -1,964,577     -815,370      -17,105      2,186    121,773    -708,515     782,229    -707,913       74,316     -104,438     -738,638
 
2005:I.....................................      214,391     -398,781     -184,390       -2,724     -4,140     24,612    -166,641     115,351    -102,877       12,474      -28,225     -182,392
      II...................................      223,068     -411,592     -188,524       -2,699     -2,769     23,321    -170,670     121,333    -109,529       11,804      -24,372     -183,238
      III..................................      224,320     -423,638     -199,318       -2,211     -2,858     23,436    -180,952     129,873    -113,308       16,565       -9,019     -173,406
      IV...................................      232,852     -447,769     -214,917       -2,902     -3,179     24,889    -196,109     138,931    -131,716        7,215      -26,915     -215,809
 
2006:I.....................................      243,880     -451,637     -207,757       -3,195     -3,075     24,315    -189,712     148,391    -137,929       10,462      -21,360     -200,611
      II...................................      252,458     -463,734     -211,276       -3,549     -3,111     25,359    -192,577     162,020    -151,352       10,668      -23,686     -205,595
      III..................................      260,285     -479,184     -218,899       -3,888     -2,456     25,936    -199,307     167,026    -161,177        5,850      -23,877     -217,334
      IV...................................      266,486     -466,825     -200,339       -3,310     -1,995     28,718    -176,926     173,025    -163,365        9,661      -20,673     -187,938
 
2007:I ....................................      269,289     -471,001     -201,712       -3,665     -1,960     28,717    -178,620     176,151    -168,723        7,428      -27,009     -198,201
      II ..................................      278,511     -483,570     -205,059       -4,141       -309     30,038    -179,472     195,394    -182,811       12,583      -23,169     -190,058
      III .................................      297,118     -497,665     -200,547       -4,299      1,329     30,948    -172,570     206,428    -185,091       21,337      -26,211     -177,444
      IV p.................................      304,290     -512,341     -208,051       -4,999      3,125     32,072    -177,853     204,256    -171,287       32,970      -28,052     -172,936
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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.