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



 
U.S. INTERNATIONAL TRANSACTIONS

In the first quarter of 2008, the goods deficit rose to $211.0 billion, 
from $208.9 billion in the fourth quarter. The current account deficit 
rose to $176.4 billion in the first quarter, from $167.2 billion in the 
fourth quarter. (Series revised.)
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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 r.....................................      682,422   -1,167,377     -484,955       -7,158     -4,245     72,633    -423,725     280,942    -253,544       27,398      -64,948     -461,275
2003 r.....................................      713,415   -1,264,307     -550,892      -11,981    -11,475     77,433    -496,915     320,456    -275,147       45,309      -71,794     -523,400
2004 r.....................................      807,516   -1,477,094     -669,578      -13,518    -14,275     89,640    -607,730     413,739    -346,519       67,219      -84,482     -624,993
2005 r.....................................      894,631   -1,681,780     -787,149      -10,536    -13,006     99,124    -711,567     535,263    -462,905       72,358      -89,784     -728,993
2006 r.....................................    1,023,109   -1,861,380     -838,270      -13,602    -10,788    109,377    -753,283     685,150    -627,956       57,194      -92,027     -788,116
2007 r.....................................    1,148,481   -1,967,853     -819,373      -16,768      2,181    133,702    -700,258     817,779    -736,030       81,749     -112,705     -731,214
 
2005:I r...................................      214,857     -399,862     -185,005       -2,724     -4,155     25,886    -165,997     124,653    -104,069       20,584      -28,644     -174,057
      II r.................................      223,728     -412,411     -188,683       -2,699     -2,791     23,442    -170,729     128,487    -110,615       17,872      -24,964     -177,821
      III r................................      223,603     -422,752     -199,149       -2,211     -2,884     23,899    -180,345     136,138    -115,595       20,543       -9,090     -168,892
      IV r.................................      232,443     -446,754     -214,312       -2,902     -3,177     25,893    -194,497     145,986    -132,627       13,358      -27,085     -208,223
 
2006:I r...................................      244,679     -453,286     -208,607       -3,121     -2,853     25,493    -189,087     155,683    -141,031       14,652      -21,516     -195,952
      II r.................................      253,332     -465,016     -211,684       -3,482     -2,885     26,209    -191,841     170,011    -153,960       16,051      -24,116     -199,906
      III r................................      259,277     -477,900     -218,623       -3,641     -2,622     27,414    -197,471     176,251    -164,969       11,282      -24,716     -210,906
      IV r.................................      265,821     -465,178     -199,356       -3,358     -2,429     30,258    -174,885     183,205    -167,996       15,209      -21,679     -181,355
 
2007:I r...................................      270,318     -473,681     -203,363       -3,286     -1,587     28,692    -179,543     186,746    -173,959       12,787      -30,174     -196,930
      II r.................................      279,488     -485,375     -205,887       -4,085       -806     31,960    -178,819     202,171    -192,492        9,679      -24,953     -194,093
      III r................................      295,494     -496,698     -201,204       -4,251      1,064     36,276    -168,114     213,520    -190,562       22,958      -27,796     -172,952
      IV r.................................      303,180     -512,099     -208,919       -5,146      3,509     36,773    -173,783     215,343    -179,016       36,327      -29,784     -167,241
 
2008:I p...................................      317,813     -528,845     -211,032       -4,715      2,719     38,108    -174,920     199,457    -169,686       29,771      -31,227     -176,376
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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.
    Note.--Data reflect annual 
revisions released on June 17, 2008.
    See p. 37 for continuation of 
table.