[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] INTERNATIONAL STATISTICS Table B-103.--U.S. international transactions, 1946-97 [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\ 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 93,679 -73,087 20,592 -22,700 -123,987 1986......................................... 223,344 -368,425 -145,081 -5,181 -8,484 18,139 -140,605 91,186 -79,095 12,091 -24,679 -153,193 1987......................................... 250,208 -409,765 -159,557 -3,844 -7,613 17,661 -153,353 100,511 -91,302 9,209 -23,909 -168,053 1988......................................... 320,230 -447,189 -126,959 -6,320 -2,591 19,969 -115,900 129,366 -115,722 13,644 -25,988 -128,245 1989......................................... 362,120 -477,365 -115,245 -6,749 4,043 25,662 -92,288 153,659 -138,639 15,020 -26,963 -104,231 1990......................................... 389,307 -498,337 -109,030 -7,599 8,002 27,401 -81,225 163,324 -139,402 23,921 -34,588 -91,892 1991......................................... 416,913 -490,981 -74,068 -5,274 17,032 31,284 -31,027 141,408 -121,159 20,249 5,122 -5,657 1992......................................... 440,352 -536,458 -96,106 -1,448 19,974 38,373 -39,207 125,852 -107,836 18,016 -35,192 -56,383 1993......................................... 456,832 -589,441 -132,609 1,269 19,764 39,274 -72,301 129,844 -110,176 19,668 -38,137 -90,771 1994......................................... 502,398 -668,590 -166,192 1,874 16,519 43,383 -104,416 154,510 -144,787 9,723 -38,845 -133,538 1995......................................... 575,871 -749,431 -173,560 3,866 21,197 46,640 -101,857 196,880 -190,072 6,808 -34,046 -129,095 1996......................................... 612,069 -803,239 -191,170 3,786 24,713 51,631 -111,040 206,400 -203,577 2,824 -39,968 -148,184 1995: I.......................................... 138,389 -182,790 -44,401 722 4,312 11,062 -28,305 47,218 -45,171 2,047 -8,451 -34,709 II......................................... 143,181 -190,739 -47,558 984 4,333 11,442 -30,799 50,303 -47,080 3,223 -8,128 -35,704 III........................................ 145,360 -188,180 -42,820 1,289 5,755 11,892 -23,884 49,130 -49,531 -401 -8,847 -33,132 IV......................................... 148,941 -187,722 -38,781 871 6,796 12,240 -18,874 50,230 -48,290 1,940 -8,620 -25,554 1996: I.......................................... 150,048 -192,973 -42,925 485 5,194 12,707 -24,539 49,277 -47,216 2,061 -10,406 -32,884 II......................................... 153,411 -200,973 -47,562 1,214 5,818 12,751 -27,779 50,188 -49,305 883 -8,689 -35,585 III........................................ 150,764 -203,257 -52,493 792 6,559 12,626 -32,516 51,893 -53,263 -1,370 -8,947 -42,833 IV......................................... 157,846 -206,036 -48,190 1,295 7,147 13,550 -26,198 55,043 -53,793 1,250 -11,926 -36,874 1997: I.......................................... 162,527 -212,314 -49,787 437 6,195 13,855 -29,300 55,269 -57,259 -1,990 -8,682 -39,972 II......................................... 171,411 -218,545 -47,134 1,048 6,413 14,028 -25,645 59,129 -62,376 -3,247 -8,960 -37,852 III p...................................... 170,579 -222,128 -51,549 1,040 6,788 14,090 -29,631 60,608 -63,929 -3,321 -9,204 -42,156 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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-103.--U.S. international transactions, 1946-97--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\2\ 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 35,341 10,546 24,796 ........... -2,558 ........... 1975.............................. -39,703 -849 -3,474 -35,380 17,170 7,027 10,143 ........... 4,417 ........... 1976.............................. -51,269 -2,558 -4,214 -44,498 38,018 17,693 20,326 ........... 8,955 ........... 1977.............................. -34,785 -375 -3,693 -30,717 53,219 36,816 16,403 ........... -4,099 ........... 1978.............................. -61,130 732 -4,660 -57,202 67,036 33,678 33,358 ........... 9,236 ........... 1979.............................. -66,054 -1,133 -3,746 -61,176 40,852 -13,665 54,516 1,139 24,349 ........... 1980.............................. -86,967 -8,155 -5,162 -73,651 62,612 15,497 47,115 1,152 20,886 ........... 1981.............................. -114,147 -5,175 -5,097 -103,875 86,232 4,960 81,272 1,093 21,792 ........... 1982.............................. -122,335 -4,965 -6,131 -111,239 96,418 3,593 92,826 ........... 37,359 ........... 1983.............................. -61,573 -1,196 -5,006 -55,372 88,780 5,845 82,934 ........... 16,779 ........... 1984.............................. -36,313 -3,131 -5,489 -27,694 118,032 3,140 114,892 ........... 17,231 ........... 1985.............................. -39,889 -3,858 -2,821 -33,211 146,383 -1,119 147,501 ........... 17,494 ........... 1986.............................. -106,753 312 -2,022 -105,044 230,211 35,648 194,563 ........... 29,735 ........... 1987.............................. -72,617 9,149 1,006 -82,771 248,383 45,387 202,996 ........... -7,713 ........... 1988.............................. -100,221 -3,912 2,967 -99,275 246,065 39,758 206,307 ........... -17,600 ........... 1989.............................. -168,744 -25,293 1,259 -144,710 224,390 8,503 215,887 ........... 48,585 ........... 1990.............................. -74,011 -2,158 2,307 -74,160 140,992 33,910 107,082 ........... 24,911 ........... 1991.............................. -57,881 5,763 2,911 -66,555 109,641 17,389 92,253 ........... -46,103 ........... 1992.............................. -68,774 3,901 -1,657 -71,018 168,776 40,477 128,299 ........... -43,619 ........... 1993.............................. -194,537 -1,379 -342 -192,817 279,671 71,753 207,918 ........... 5,637 ........... 1994.............................. -160,516 5,346 -352 -165,510 297,337 40,385 256,952 ........... -3,283 ........... 1995.............................. -307,207 -9,742 -549 -296,916 451,234 110,729 340,505 ........... -14,931 ........... 1996.............................. -352,444 6,668 -690 -358,422 547,555 122,354 425,201 ........... -46,927 ........... 1995: I............................... -59,625 -5,318 -158 -54,149 97,652 22,098 75,554 ........... -3,318 5,658 II.............................. -110,548 -2,722 -184 -107,642 122,714 37,138 85,576 ........... 23,538 -775 III............................. -40,679 -1,893 266 -39,052 125,839 39,585 86,254 ........... -52,028 -6,985 IV.............................. -96,356 191 -473 -96,074 105,029 11,908 93,121 ........... 16,881 2,106 1996: I............................... -70,768 17 -210 -70,575 88,233 52,014 36,219 ........... 15,419 6,228 II.............................. -49,698 -523 -358 -48,817 106,114 13,154 92,960 ........... -20,831 -1,076 III............................. -77,542 7,489 162 -85,193 158,629 24,089 134,540 ........... -38,254 -7,830 IV.............................. -154,436 -315 -284 -153,837 194,579 33,097 161,482 ........... -3,269 2,669 1997: I............................... -127,969 4,480 -21 -132,428 182,238 28,891 153,347 ........... -14,297 7,059 II.............................. -90,935 -236 -268 -90,431 143,015 -5,374 148,389 ........... -14,228 -1,713 III p........................... -101,564 -730 482 -101,316 169,540 22,498 147,042 ........... -25,820 -8,560 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.