[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] INTERNATIONAL STATISTICS Table B-103.--U.S. international transactions, 1946-2002 [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (^)] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Goods\1\ Services Income receipts and payments ----------------------------------------------------------------------- Balance --------------------------------- Unilateral Balance Net on goods current on Year or quarter Balance military Net travel and Other and Balance transfers, current Exports Imports on goods transac- transportation services, services Receipts Payments on net \2\ account tions\2\ net income ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 -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 91,747 -56,583 35,164 -16,544 -5,536 1983.................................................. 201,799 -268,901 -67,102 -563 -4,227 14,124 -57,767 90,000 -53,614 36,386 -17,310 -38,691 1984.................................................. 219,926 -332,418 -112,492 -2,547 -8,438 14,404 -109,073 108,819 -73,756 35,063 -20,335 -94,344 1985.................................................. 215,915 -338,088 -122,173 -4,390 -9,798 14,483 -121,880 98,542 -72,819 25,723 -21,998 -118,155 1986.................................................. 223,344 -368,425 -145,081 -5,181 -8,779 20,502 -138,538 97,064 -81,571 15,494 -24,132 -147,177 1987.................................................. 250,208 -409,765 -159,557 -3,844 -8,010 19,728 -151,684 108,184 -93,891 14,293 -23,265 -160,655 1988.................................................. 320,230 -447,189 -126,959 -6,320 -3,013 21,725 -114,566 136,713 -118,026 18,687 -25,274 -121,153 1989.................................................. 359,916 -477,665 -117,749 -6,749 3,551 27,805 -93,142 161,287 -141,463 19,824 -26,169 -99,486 1990.................................................. 387,401 -498,435 -111,034 -7,599 7,501 30,270 -80,861 171,742 -143,192 28,550 -26,654 -78,965 1991.................................................. 414,083 -491,020 -76,937 -5,274 16,561 34,516 -31,135 149,214 -125,084 24,130 10,752 3,747 1992.................................................. 439,631 -536,528 -96,897 -1,448 19,969 41,918 -36,457 132,056 -109,101 22,954 -35,013 -48,515 1993.................................................. 456,943 -589,394 -132,451 1,385 19,714 42,562 -68,791 134,159 -110,255 23,904 -37,637 -82,523 1994.................................................. 502,859 -668,690 -165,831 2,570 16,305 50,278 -96,678 165,438 -148,744 16,694 -38,260 -118,244 1995.................................................. 575,204 -749,374 -174,170 4,600 21,772 51,410 -96,388 211,502 -186,880 24,622 -34,057 -105,823 1996.................................................. 612,113 -803,113 -191,000 5,385 25,015 58,757 -101,843 225,846 -201,743 24,103 -40,081 -117,821 1997.................................................. 678,366 -876,485 -198,119 4,968 22,152 63,234 -107,765 260,558 -240,371 20,187 -40,794 -128,372 1998.................................................. 670,416 -917,112 -246,696 5,220 10,145 64,398 -166,933 259,366 -251,751 7,615 -44,509 -203,827 1999.................................................. 683,965 -1,029,987 -346,022 2,470 7,113 74,202 -262,237 290,536 -272,398 18,138 -48,757 -292,856 2000.................................................. 771,994 -1,224,417 -452,423 421 2,472 70,849 -378,681 352,997 -331,215 21,782 -53,442 -410,341 2001.................................................. 718,762 -1,145,927 -427,165 -2,978 -1,926 73,779 -358,290 283,771 -269,389 14,382 -49,463 -393,371 2000: I............................................... 184,486 -290,941 -106,455 -74 825 18,532 -87,172 84,083 -79,260 4,823 -11,749 -94,098 II.............................................. 191,411 -303,581 -112,170 412 1,486 18,345 -91,927 90,183 -83,994 6,189 -12,349 -98,087 III............................................. 199,641 -314,779 -115,138 -199 -31 17,042 -98,326 88,129 -84,055 4,074 -12,925 -107,177 IV.............................................. 196,456 -315,116 -118,660 282 189 16,931 -101,258 90,603 -83,909 6,694 -16,418 -110,982 2001: I .............................................. 193,284 -306,316 -113,032 -742 903 15,711 -97,160 83,036 -81,990 1,046 -11,608 -107,722 II ............................................. 184,846 -292,565 -107,719 -285 -1,219 15,899 -93,324 74,846 -68,840 6,006 -11,916 -99,234 III ............................................ 173,274 -279,025 -105,751 -706 -255 26,934 -79,778 67,152 -66,345 807 -12,360 -91,331 IV ............................................. 167,358 -268,021 -100,663 -1,245 -1,357 15,237 -88,028 58,737 -52,216 6,521 -13,579 -95,086 2002: I............................................... 164,649 -271,073 -106,424 -1,498 -544 12,974 -95,492 58,096 -59,042 -946 -16,016 -112,454 II.............................................. 172,426 -294,893 -122,467 -1,679 -863 15,696 -109,313 60,722 -66,009 -5,287 -13,011 -127,611 III ........................................... 175,727 -298,903 -123,176 -2,083 -808 15,206 -110,861 63,472 -66,431 -2,959 -13,221 -127,041 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Adjusted from Census data for differences in valuation, coverage, and timing; excludes military. \2\ 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, 1946-2002--Continued [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (^)] -------------------------------------------------------------------------------------------------------------------------------------------------------- Financial account Statistical -------------------------------------------------------------------------------- discrepancy U.S.-owned assets abroad, net [increase/ Foreign-owned assets in the U.S., ----------------------- Capital financial outflow (-)] net [increase/financial inflow Total Year or quarter account --------------------------------------------- (+)] (sum of Of which: transactions, U.S. ----------------------------------- the Seasonal net official Other U.S. U.S. Foreign Other items adjustment Total reserve Government private Total official foreign with sign discrepancy assets\3\ assets assets assets assets 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............................. ............. -8,470 3,348 -1,589 -10,229 6,359 6,908 -550 -219 ........... 1971............................. ............. -11,758 3,066 -1,884 -12,940 22,970 26,879 -3,909 -9,779 ........... 1972............................. ............. -13,787 706 -1,568 -12,925 21,461 10,475 10,986 -1,879 ........... 1973............................. ............. -22,874 158 -2,644 -20,388 18,388 6,026 12,362 -2,654 ........... 1974............................. ............. -34,745 -1,467 366 -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............................. ............. -64,915 6 -3,746 -61,176 40,852 -13,665 54,516 24,349 ........... 1980............................. ............. -85,815 -7,003 -5,162 -73,651 62,612 15,497 47,115 20,886 ........... 1981............................. ............. -113,054 -4,082 -5,097 -103,875 86,232 4,960 81,272 21,792 ........... 1982............................. 199 -127,882 -4,965 -6,131 -116,786 96,589 3,593 92,997 36,630 ........... 1983............................. 209 -66,373 -1,196 -5,006 -60,172 88,694 5,845 82,849 16,162 ........... 1984............................. 235 -40,376 -3,131 -5,489 -31,757 117,752 3,140 114,612 16,733 ........... 1985............................. 315 -44,752 -3,858 -2,821 -38,074 146,115 -1,119 147,233 16,478 ........... 1986............................. 301 -111,723 312 -2,022 -110,014 230,009 35,648 194,360 28,590 ........... 1987............................. 365 -79,296 9,149 1,006 -89,450 248,634 45,387 203,247 -9,048 ........... 1988............................. 493 -106,573 -3,912 2,967 -105,628 246,522 39,758 206,764 -19,289 ........... 1989............................. 336 -175,383 -25,293 1,233 -151,323 224,928 8,503 216,425 49,605 ........... 1990............................. -6,579 -81,234 -2,158 2,317 -81,393 141,571 33,910 107,661 25,208 ........... 1991............................. -4,479 -64,388 5,763 2,924 -73,075 110,808 17,389 93,420 -45,688 ........... 1992............................. 612 -74,410 3,901 -1,667 -76,644 170,663 40,477 130,186 -48,350 ........... 1993............................. -88 -200,552 -1,379 -351 -198,822 282,040 71,753 210,287 1,123 ........... 1994............................. -469 -176,056 5,346 -390 -181,012 305,989 39,583 266,406 -11,220 ........... 1995............................. 372 -352,376 -9,742 -984 -341,650 438,562 109,880 328,682 19,265 ........... 1996............................. 693 -413,923 6,668 -989 -419,602 551,096 126,724 424,372 -20,045 ........... 1997............................. 350 -487,599 -1,010 68 -486,657 706,809 19,036 687,773 -91,188 ........... 1998............................. 704 -359,760 -6,783 -422 -352,555 423,569 -19,903 443,472 139,314 ........... 1999............................. -3,340 -477,569 8,747 2,750 -489,066 742,479 43,666 698,813 31,286 ........... 2000............................. 837 -606,489 -290 -941 -605,258 1,015,986 37,640 978,346 7 ........... 2001............................. 826 -370,962 -4,911 -486 -365,565 752,806 5,224 747,582 10,701 ........... 2000: I.......................... 210 -228,888 -554 -127 -228,207 240,723 22,711 218,012 82,053 7,951 II......................... 206 -110,470 2,020 -570 -111,920 245,787 6,563 239,224 -37,436 -838 III........................ 207 -93,029 -346 114 -92,797 244,933 12,904 232,029 -44,934 -10,675 IV......................... 214 -174,104 -1,410 -358 -172,336 284,544 -4,538 289,082 328 3,566 2001: I.......................... 208 -215,815 190 77 -216,082 302,510 4,087 298,423 20,819 7,691 II......................... 207 -80,036 -1,343 -783 -77,910 181,610 -20,831 202,441 -2,547 875 III........................ 206 24,978 -3,559 77 28,460 17,889 16,882 1,007 48,258 -10,286 IV......................... 205 -100,088 -199 143 -100,032 250,797 5,086 245,711 -55,828 1,721 2002: I.......................... 208 -25,918 390 133 -26,441 113,496 7,641 105,855 24,668 10,019 II......................... 200 -131,079 -1,843 42 -129,278 204,307 47,252 157,055 54,183 1,256 III ...................... 223 23,920 -1,416 172 25,164 148,510 9,319 139,191 -45,612 -14,063 -------------------------------------------------------------------------------------------------------------------------------------------------------- \3\ 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.