[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
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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-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
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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.