[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b99._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]
INTERNATIONAL STATISTICS


Table B-99.--U.S. international transactions, 1946-95
[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Merchandise\1\                             Services                                      Investment income
--------------------------------------------------------------------------------           ---------------------------------
Balance               Payments             Unilateral   Balance
Year or  quarter                                                                     Net travel and    Other     on goods   Receipts      on                transfers,      on
Exports    Imports      Net        Net military     transportation  services,     and      on U.S.    foreign      Net       net \3\    current
transactions\2\      receipts        net      services    assets   assets in                          account
\3\                                                 abroad      U.S.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1946.........................................    11,764      -5,067      6,697            -424              733           310      7,316        772       -212        560      -2,991      4,885
1947.........................................    16,097      -5,973     10,124            -358              946           145     10,857      1,102       -245        857      -2,722      8,992
1948.........................................    13,265      -7,557      5,708            -351              374           175      5,906      1,921       -437      1,484      -4,973      2,417
1949.........................................    12,213      -6,874      5,339            -410              230           208      5,367      1,831       -476      1,355      -5,849        873

1950.........................................    10,203      -9,081      1,122             -56             -120           242      1,188      2,068       -559      1,509      -4,537     -1,840
1951.........................................    14,243     -11,176      3,067             169              298           254      3,788      2,633       -583      2,050      -4,954        884
1952.........................................    13,449     -10,838      2,611             528               83           309      3,531      2,751       -555      2,196      -5,113        614
1953.........................................    12,412     -10,975      1,437           1,753             -238           307      3,259      2,736       -624      2,112      -6,657     -1,286
1954.........................................    12,929     -10,353      2,576             902             -269           305      3,514      2,929       -582      2,347      -5,642        219
1955.........................................    14,424     -11,527      2,897            -113             -297           299      2,786      3,406       -676      2,730      -5,086        430
1956.........................................    17,556     -12,803      4,753            -221             -361           447      4,618      3,837       -735      3,102      -4,990      2,730
1957.........................................    19,562     -13,291      6,271            -423             -189           482      6,141      4,180       -796      3,384      -4,763      4,762
1958.........................................    16,414     -12,952      3,462            -849             -633           486      2,466      3,790       -825      2,965      -4,647        784
1959.........................................    16,458     -15,310      1,148            -831             -821           573         69      4,132     -1,061      3,071      -4,422     -1,282

1960.........................................    19,650     -14,758      4,892          -1,057             -964           639      3,508      4,616     -1,238      3,379      -4,062      2,824
1961.........................................    20,108     -14,537      5,571          -1,131             -978           732      4,195      4,999     -1,245      3,755      -4,127      3,822
1962.........................................    20,781     -16,260      4,521            -912           -1,152           912      3,370      5,618     -1,324      4,294      -4,277      3,387
1963.........................................    22,272     -17,048      5,224            -742           -1,309         1,036      4,210      6,157     -1,560      4,596      -4,392      4,414
1964.........................................    25,501     -18,700      6,801            -794           -1,146         1,161      6,022      6,824     -1,783      5,041      -4,240      6,823
1965.........................................    26,461     -21,510      4,951            -487           -1,280         1,480      4,664      7,437     -2,088      5,350      -4,583      5,431
1966.........................................    29,310     -25,493      3,817          -1,043           -1,331         1,497      2,940      7,528     -2,481      5,047      -4,955      3,031
1967.........................................    30,666     -26,866      3,800          -1,187           -1,750         1,742      2,604      8,021     -2,747      5,274      -5,294      2,583
1968.........................................    33,626     -32,991        635            -596           -1,548         1,759        250      9,367     -3,378      5,990      -5,629        611
1969.........................................    36,414     -35,807        607            -718           -1,763         1,964         91     10,913     -4,869      6,044      -5,735        399

1970.........................................    42,469     -39,866      2,603            -641           -2,038         2,330      2,254     11,748     -5,515      6,233      -6,156      2,331
1971.........................................    43,319     -45,579     -2,260             653           -2,345         2,649     -1,303     12,707     -5,435      7,272      -7,402     -1,433
1972.........................................    49,381     -55,797     -6,416           1,072           -3,063         2,965     -5,443     14,765     -6,572      8,192      -8,544     -5,795
1973.........................................    71,410     -70,499        911             740           -3,158         3,406      1,900     21,808     -9,655     12,153      -6,913      7,140
1974.........................................    98,306    -103,811     -5,505             165           -3,184         4,231     -4,292     27,587    -12,084     15,503  \4\ -9,249      1,962
1975.........................................   107,088     -98,185      8,903           1,461           -2,812         4,854     12,404     25,351    -12,564     12,787      -7,075     18,116
1976.........................................   114,745    -124,228     -9,483             931           -2,558         5,027     -6,082     29,375    -13,311     16,063      -5,686      4,295
1977.........................................   120,816    -151,907    -31,091           1,731           -3,565         5,680    -27,246     32,354    -14,217     18,137      -5,226    -14,335
1978.........................................   142,075    -176,002    -33,927             857           -3,573         6,879    -29,763     42,088    -21,680     20,408      -5,788    -15,143
1979.........................................   184,439    -212,007    -27,568          -1,313           -2,935         7,251    -24,565     63,834    -32,961     30,873      -6,593       -285

1980.........................................   224,250    -249,750    -25,500          -1,822             -997         8,912    -19,407     72,606    -42,532     30,073      -8,349      2,317
1981.........................................   237,044    -265,067    -28,023            -844              144        12,552    -16,172     86,529    -53,626     32,903     -11,702      5,030
1982.........................................   211,157    -247,642    -36,485             112             -992        13,209    -24,156     86,200    -56,412     29,788     -17,075    -11,443
1983.........................................   201,799    -268,901    -67,102            -563           -4,227        14,124    -57,767     85,200    -53,700     31,500     -17,718    -43,985
1984.........................................   219,926    -332,418   -112,492          -2,547           -8,438        14,404   -109,073    104,756    -74,036     30,720     -20,598    -98,951
1985.........................................   215,915    -338,088   -122,173          -4,390           -9,798        14,483   -121,880     93,677    -73,087     20,590     -22,954   -124,243
1986.........................................   223,344    -368,425   -145,081          -5,181           -8,484        19,194   -139,551     91,976    -79,095     12,881     -24,189   -150,859
1987.........................................   250,208    -409,765   -159,557          -3,844           -7,613        18,319   -152,696    100,767    -91,302      9,465     -23,107   -166,338
1988.........................................   320,230    -447,189   -126,959          -6,320           -2,591        20,546   -115,324    129,070   -115,806     13,264     -25,023   -127,083
1989.........................................   362,120    -477,365   -115,245          -6,749            4,043        26,558    -91,392    152,517   -138,858     13,659     -26,106   -103,839

1990.........................................   389,307    -498,337   -109,030          -7,599            8,002        28,633    -79,994    160,300   -139,574     20,725     -33,393    -92,661
1991.........................................   416,913    -490,981    -74,068          -5,274           17,032        32,907    -29,404    137,003   -121,892     15,111       6,869     -7,424
1992.........................................   440,352    -536,458    -96,106          -2,142           20,484        38,284    -39,480    118,425   -108,346     10,079     -32,148    -61,549
1993.........................................   456,823    -589,441   -132,618             448           19,885        37,444    -74,841    119,248   -110,248      9,000     -34,084    -99,925
1994.........................................   502,485    -668,584   -166,099           2,148           19,330        38,410   -106,212    137,619   -146,891     -9,272     -35,761   -151,245

1993:
I..........................................   111,862    -140,821    -28,959             401            5,302         9,683    -13,573     28,950    -25,239      3,711      -7,521    -17,383
II.........................................   114,131    -147,718    -33,587              90            5,389         9,315    -18,793     29,958    -27,893      2,065      -7,609    -24,337
III........................................   111,576    -148,181    -36,605             283            5,062         9,272    -21,988     29,931    -26,741      3,190      -8,234    -27,032
IV.........................................   119,254    -152,721    -33,467            -326            4,131         9,172    -20,490     30,412    -30,376         36     -10,722    -31,176

1994:
I..........................................   118,445    -154,935    -36,490             -31            4,642         8,863    -23,016     30,942    -30,826        116      -7,371    -30,271
II.........................................   122,730    -164,224    -41,494             376            4,647         9,548    -26,923     32,338    -34,623     -2,285      -8,778    -37,986
III........................................   127,384    -172,011    -44,627           1,124            4,792         9,904    -28,807     36,031    -38,564     -2,533      -8,374    -39,714
IV.........................................   133,926    -177,414    -43,488             679            5,247        10,095    -27,467     38,307    -42,878     -4,571     -11,239    -43,277

1995:
I..........................................   138,061    -183,111    -45,050             542            5,050        10,018    -29,440     43,254    -45,215     -1,961      -7,624    -39,025
II.........................................   142,850    -191,652    -48,802             587            4,380        10,402    -33,433     45,471    -48,085     -2,614      -7,220    -43,267
III p......................................   145,315    -188,748    -43,433             736            4,480        10,698    -27,519     44,619    -48,772     -4,153      -7,810    -39,482
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\1\ Adjusted from Census data for differences in valuation, coverage, and timing; excludes military.
\2\ Quarterly data are not seasonally adjusted.
\3\ Includes transfers of goods and services under U.S. military grant programs.

See next page for continuation of table.


Table B-99.--U.S. international transactions, 1946-95--Continued
[Millions of dollars; quarterly data seasonally adjusted, except as noted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
U.S. assets abroad, net  [increase/capital    Foreign assets in the U.S., net                     Statistical
outflow (-)]                     [increase/capital inflow (+)]                     discrepancy
--------------------------------------------------------------------------------- Allocations -----------------------
of special    Total
Year or quarter                          U.S.                                                                drawing     (sum of    Of  which:
official    Other U.S.     U.S.                Foreign     Other       rights       the       Seasonal
Total       reserve    Government   private     Total     official   foreign      (SDRs)      items     adjustment
assets\2\     assets      assets                assets     assets                with sign  discrepancy
\5\                                           \2\                             reversed)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1946..............................  .........         -623   ..........  .........  .........  .........  .........  ...........  .........  ...........
1947..............................  .........       -3,315   ..........  .........  .........  .........  .........  ...........  .........  ...........
1948..............................  .........       -1,736   ..........  .........  .........  .........  .........  ...........  .........  ...........
1949..............................  .........         -266   ..........  .........  .........  .........  .........  ...........  .........  ...........

1950..............................  .........        1,758   ..........  .........  .........  .........  .........  ...........  .........  ...........
1951..............................  .........          -33   ..........  .........  .........  .........  .........  ...........  .........  ...........
1952..............................  .........         -415   ..........  .........  .........  .........  .........  ...........  .........  ...........
1953..............................  .........        1,256   ..........  .........  .........  .........  .........  ...........  .........  ...........
1954..............................  .........          480   ..........  .........  .........  .........  .........  ...........  .........  ...........
1955..............................  .........          182   ..........  .........  .........  .........  .........  ...........  .........  ...........
1956..............................  .........         -869   ..........  .........  .........  .........  .........  ...........  .........  ...........
1957..............................  .........       -1,165   ..........  .........  .........  .........  .........  ...........  .........  ...........
1958..............................  .........        2,292   ..........  .........  .........  .........  .........  ...........  .........  ...........
1959..............................  .........        1,035   ..........  .........  .........  .........  .........  ...........  .........  ...........

1960..............................     -4,099        2,145       -1,100     -5,144      2,294      1,473        821  ...........     -1,019  ...........
1961..............................     -5,538          607         -910     -5,235      2,705        765      1,939  ...........       -989  ...........
1962..............................     -4,174        1,535       -1,085     -4,623      1,911      1,270        641  ...........     -1,124  ...........
1963..............................     -7,270          378       -1,662     -5,986      3,217      1,986      1,231  ...........       -360  ...........
1964..............................     -9,560          171       -1,680     -8,050      3,643      1,660      1,983  ...........       -907  ...........
1965..............................     -5,716        1,225       -1,605     -5,336        742        134        607  ...........       -457  ...........
1966..............................     -7,321          570       -1,543     -6,347      3,661       -672      4,333  ...........        629  ...........
1967..............................     -9,757           53       -2,423     -7,386      7,379      3,451      3,928  ...........       -205  ...........
1968..............................    -10,977         -870       -2,274     -7,833      9,928       -774     10,703  ...........        438  ...........
1969..............................    -11,585       -1,179       -2,200     -8,206     12,702     -1,301     14,002  ...........     -1,516  ...........

1970..............................     -9,337        2,481       -1,589    -10,229      6,359      6,908       -550         867        -219  ...........
1971..............................    -12,475        2,349       -1,884    -12,940     22,970     26,879     -3,909         717      -9,779  ...........
1972..............................    -14,497           -4       -1,568    -12,925     21,461     10,475     10,986         710      -1,879  ...........
1973..............................    -22,874          158       -2,644    -20,388     18,388      6,026     12,362  ...........     -2,654  ...........
1974..............................    -34,745       -1,467      \4\ 366    -33,643     34,241     10,546     23,696  ...........     -1,458  ...........
1975..............................    -39,703         -849       -3,474    -35,380     15,670      7,027      8,643  ...........      5,917  ...........
1976..............................    -51,269       -2,558       -4,214    -44,498     36,518     17,693     18,826  ...........     10,455  ...........
1977..............................    -34,785         -375       -3,693    -30,717     51,319     36,816     14,503  ...........     -2,199  ...........
1978..............................    -61,130          732       -4,660    -57,202     64,036     33,678     30,358  ...........     12,236  ...........
1979..............................    -66,054       -1,133       -3,746    -61,176     38,752    -13,665     52,416       1,139      26,449  ...........

1980..............................    -86,967       -8,155       -5,162    -73,651     58,112     15,497     42,615       1,152      25,386  ...........
1981..............................   -114,147       -5,175       -5,097   -103,875     83,032      4,960     78,072       1,093      24,992  ...........
1982..............................   -122,335       -4,965       -6,131   -111,239     92,418      3,593     88,826  ...........     41,359  ...........
1983..............................    -61,573       -1,196       -5,006    -55,372     83,380      5,845     77,534  ...........     22,179  ...........
1984..............................    -36,313       -3,131       -5,489    -27,694    113,932      3,140    110,792  ...........     21,331  ...........
1985..............................    -39,889       -3,858       -2,821    -33,211    141,183     -1,119    142,301  ...........     22,950  ...........
1986..............................   -106,753          312       -2,022   -105,044    226,111     35,648    190,463  ...........     31,501  ...........
1987..............................    -72,617        9,149        1,006    -82,771    242,983     45,387    197,596  ...........     -4,028  ...........
1988..............................   -100,087       -3,912        2,967    -99,141    240,265     39,758    200,507  ...........    -13,095  ...........
1989..............................   -168,744      -25,293        1,259   -144,710    218,490      8,503    209,987  ...........     54,094  ...........

1990..............................    -74,011       -2,158        2,307    -74,160    122,192     33,910     88,282  ...........     44,480  ...........
1991..............................    -57,881        5,763        2,911    -66,555     94,241     17,389     76,853  ...........    -28,936  ...........
1992..............................    -65,875        3,901       -1,661    -68,115    153,823     40,466    113,358  ...........    -26,399  ...........
1993..............................   -184,589       -1,379         -330   -182,880    248,529     72,146    176,383  ...........     35,985  ...........
1994..............................   -125,851        5,346         -322   -130,875    291,365     39,409    251,956  ...........    -14,269  ...........

1993:
I...............................    -19,729         -983          467    -19,213     19,867     10,955      8,912  ...........     17,245       5,367
II..............................    -40,933          822         -281    -41,474     51,277     17,495     33,782  ...........     13,993         154
III.............................    -46,270         -545         -197    -45,529     77,928     19,386     58,542  ...........     -4,626      -6,353
IV..............................    -77,657         -673         -318    -76,666     99,458     24,311     75,147  ...........      9,375         834

1994:
I...............................    -36,783          -59          401    -37,125     80,390     10,977     69,413  ...........    -13,336       5,274
II..............................     -5,973        3,537          491    -10,001     46,526      9,162     37,364  ...........     -2,567         587
III.............................    -27,940         -165         -283    -27,492     79,736     19,691     60,045  ...........    -12,082      -6,641
IV..............................    -55,156        2,033         -931    -56,258     84,715       -421     85,136  ...........     13,718         782

1995:
I...............................    -75,343       -5,318         -152    -69,873     94,841     22,308     72,533  ...........     19,527       6,183
II..............................   -100,242       -2,722         -180    -97,340    124,331     37,836     86,495  ...........     19,178         331
III p...........................    -42,852       -1,893          136    -41,095    105,664     39,479     66,185  ...........    -23,330      -7,086
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\4\ Includes extraordinary U.S. Government transactions with India.
\5\ Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).

Source: Department of Commerce, Bureau of Economic Analysis.