[Economic Indicators July, 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.
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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     280,942    -253,544       27,398      -64,948     -461,275
2003 ......................................      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 ......................................      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 ......................................      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 ......................................    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 ......................................    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 ....................................      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 ..................................      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 .................................      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 ..................................      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 ....................................      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 ..................................      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 .................................      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 ..................................      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 ....................................      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 ..................................      279,488     -485,375     -205,887       -4,085       -806     31,960    -178,819     202,171    -192,492        9,679      -24,953     -194,093
      III .................................      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 ..................................      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.
    See p. 37 for continuation of 
table.