[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b101._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


INTERNATIONAL STATISTICS


Table B-101.--U.S. international transactions, 1946-96
[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (^)]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Goods\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\\3\     receipts        net      services    assets   assets in                          account
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        18,609   -140,136     91,976    -79,095     12,881     -24,833   -152,088
1987.........................................   250,208    -409,765   -159,557          -3,844           -7,613        18,097   -152,918    100,767    -91,302      9,465     -23,939   -167,392
1988.........................................   320,230    -447,189   -126,959          -6,320           -2,591        20,352   -115,518    129,070   -115,722     13,348     -26,266   -128,436
1989.........................................   362,120    -477,365   -115,245          -6,749            4,043        26,192    -91,758    152,517   -138,639     13,878     -27,696   -105,575

1990.........................................   389,307    -498,337   -109,030          -7,599            8,002        28,291    -80,336    160,300   -139,402     20,897     -35,219    -94,657
1991.........................................   416,913    -490,981    -74,068          -5,274           17,032        32,440    -29,872    137,003   -121,159     15,844       4,510     -9,518
1992.........................................   440,352    -536,458    -96,106          -1,448           20,484        38,805    -38,264    119,046   -107,851     11,195     -35,514    -62,583
1993.........................................   456,832    -589,441   -132,609             880           20,026        39,665    -72,039    119,900   -110,158      9,742     -37,640    -99,936
1994.........................................   502,463    -668,584   -166,121           1,963           16,711        43,068   -104,379    141,704   -145,863     -4,159     -39,866   -148,405
1995.........................................   575,940    -749,364   -173,424           3,585           18,361        46,415   -105,064    182,659   -190,674     -8,016     -35,075   -148,154

1994:
I..........................................   118,462    -155,301    -36,839             -38            4,016        10,159    -22,702     31,841    -30,678      1,163      -8,169    -29,708
II.........................................   122,909    -163,993    -41,084             367            4,221        10,614    -25,882     33,287    -33,923       -636      -9,507    -36,025
III........................................   127,237    -171,652    -44,415           1,171            3,758        11,039    -28,447     37,212    -38,801     -1,589      -9,975    -40,011
IV.........................................   133,855    -177,638    -43,783             463            4,717        11,257    -27,346     39,368    -42,462     -3,094     -12,215    -42,655

1995:
I..........................................   138,551    -183,474    -44,923             628            3,770        11,010    -29,515     44,100    -45,000       -900      -8,639    -39,054
II.........................................   142,983    -190,910    -47,927             859            3,834        11,410    -31,824     46,779    -47,641       -862      -8,290    -40,976
III........................................   144,984    -187,532    -42,548           1,120            5,087        12,006    -24,335     45,269    -49,630     -4,361      -8,992    -37,688
IV.........................................   149,422    -187,448    -38,026             978            5,670        11,987    -19,391     46,513    -48,403     -1,890      -9,154    -30,435

1996:
I..........................................   150,028    -192,758    -42,730             489            5,362        12,652    -24,227     47,497    -47,235        262     -10,904    -34,869
II.........................................   153,095    -200,091    -46,996             725            5,349        12,345    -28,577     48,010    -50,274     -2,264      -9,369    -40,210
IIIp.......................................   149,937    -201,530    -51,593             710            5,077        11,972    -33,834     48,303    -53,008     -4,705      -9,422    -47,961
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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-101.--U.S. international transactions, 1946-96--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\\5\    assets      assets              assets\2\    assets                with sign  discrepancy
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  ...........     32,729  ...........
1987..............................    -72,617        9,149        1,006    -82,771    242,983     45,387    197,596  ...........     -2,974  ...........
1988..............................   -100,087       -3,912        2,967    -99,141    240,265     39,758    200,507  ...........    -11,743  ...........
1989..............................   -168,744      -25,293        1,259   -144,710    218,490      8,503    209,987  ...........     55,830  ...........

1990..............................    -74,011       -2,158        2,307    -74,160    122,192     33,910     88,282  ...........     46,476  ...........
1991..............................    -57,881        5,763        2,911    -66,555     94,241     17,389     76,853  ...........    -26,843  ...........
1992..............................    -68,622        3,901       -1,657    -70,866    154,285     40,477    113,808  ...........    -23,080  ...........
1993..............................   -194,609       -1,379         -342   -192,889    250,996     72,153    178,843  ...........     43,550  ...........
1994..............................   -150,695        5,346         -341   -155,700    285,376     40,253    245,123  ...........     13,724  ...........
1995..............................   -307,856       -9,742         -280   -297,834    424,462    109,757    314,705  ...........     31,548  ...........

1994:
I...............................    -36,897          -59          399    -37,237     83,235     11,036     72,199  ...........    -16,630       5,105
II..............................    -28,627        3,537          491    -32,655     45,889      9,166     36,723  ...........     18,763         274
III.............................    -25,569         -165         -288    -25,116     83,619     19,785     63,834  ...........    -18,039      -6,490
IV..............................    -59,603        2,033         -943    -60,693     72,632        266     72,366  ...........     29,626       1,107

1995:
I...............................    -61,747       -5,318         -154    -56,275     90,995     21,822     69,173  ...........      9,806       6,519
II..............................   -108,299       -2,722         -179   -105,398    115,421     37,380     78,041  ...........    -33,854        -266
III.............................    -39,595       -1,893          252    -37,954    118,816     39,186     79,630  ...........    -41,533      -7,407
IV..............................    -98,214          191         -199    -98,206     99,229     11,369     87,860  ...........     29,420       1,153

1996:
I...............................    -68,750           17         -152    -68,615     99,471     52,021     47,450  ...........      4,148       6,279
II..............................    -50,726         -523         -353    -49,850    100,549     13,566     86,983  ...........     -9,613        -801
IIIp............................    -54,676        7,489           72    -62,237    123,999     23,642    100,357  ...........    -21,362      -8,699
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.