[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


INTERNATIONAL STATISTICS
 
Table B-103.--U.S. international transactions, 1946-2003
[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        40,191    -38,185    132,427   -109,101     23,325     -33,154    -48,013
1993..................................................   456,943    -589,394   -132,451      1,385       19,714        42,185    -69,166    134,545   -110,255     24,290     -37,113    -81,989
1994..................................................   502,859    -668,690   -165,831      2,570       16,305        49,767    -97,189    165,838   -148,744     17,094     -37,583   -117,678
1995..................................................   575,204    -749,374   -174,170      4,600       21,772        52,729    -95,069    211,920   -186,880     25,040     -35,188   -105,217
1996..................................................   612,113    -803,113   -191,000      5,385       25,015        57,731   -102,869    226,271   -201,743     24,528     -38,862   -117,203
1997..................................................   678,366    -876,485   -198,119      4,968       22,152        63,952   -107,047    261,026   -240,371     20,655     -41,292   -127,684
1998..................................................   670,416    -917,112   -246,696      5,220       10,210        68,113   -163,153    258,648   -251,751      6,897     -48,435   -204,691
1999..................................................   683,965  -1,029,987   -346,022      2,593        7,085        75,143   -261,201    290,198   -273,088     17,110     -46,755   -290,846

2000..................................................   771,994  -1,224,417   -452,423        317        2,486        74,236   -375,384    346,861   -327,256     19,605     -55,679   -411,458
2001..................................................   718,712  -1,145,927   -427,215     -2,436       -3,254        75,086   -357,819    277,362   -266,673     10,689     -46,615   -393,745
2002..................................................   681,874  -1,164,746   -482,872     -7,302       -3,781        75,917   -418,038    255,542   -259,512     -3,970     -58,853   -480,861

2001: I...............................................   194,145    -306,871   -112,726       -772        1,182        18,876    -93,440     79,087    -78,157        930     -11,494   -104,004
II..............................................   184,457    -291,627   -107,170        101       -1,157        18,770    -89,456     72,607    -71,794        813     -11,321    -99,964
III.............................................   172,526    -278,847   -106,321       -376         -719        18,373    -89,043     65,701    -69,038     -3,337     -11,256   -103,636
IV..............................................   167,584    -268,582   -100,998     -1,389       -2,563        19,068    -85,882     59,967    -47,683     12,284     -12,542    -86,140

2002: I ..............................................   165,298    -271,331   -106,033     -1,609         -597        18,182    -90,057     60,632    -61,365       -733     -15,938   -106,728
II .............................................   171,421    -292,707   -121,286     -1,917       -1,322        19,637   -104,888     63,920    -68,378     -4,458     -13,481   -122,827
III ............................................   174,315    -297,627   -123,312     -1,572       -1,118        19,022   -106,980     66,124    -67,871     -1,747     -13,997   -122,724
IV .............................................   170,840    -303,081   -132,241     -2,204         -746        19,075   -116,116     64,864    -61,898      2,966     -15,436   -128,586

2003: I...............................................   173,346    -309,364   -136,018     -2,847       -2,339        19,575   -121,629     62,901    -62,710        191     -17,269   -138,707
II..............................................   174,247    -312,335   -138,088     -3,107       -3,012        20,023   -124,184     64,310    -62,580      1,730     -16,940   -139,394
III p...........................................   177,858    -314,090   -136,232     -2,519       -2,664        20,098   -121,317     67,344    -64,749      2,595     -16,319  -135,041
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\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, 1946-2003--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.............................         -557      -74,410      3,901      -1,667    -76,644     170,663      40,477    130,186    -47,683  ...........
1993.............................       -1,299     -200,552     -1,379        -351   -198,822     282,040      71,753    210,287      1,799  ...........
1994.............................       -1,723     -176,056      5,346        -390   -181,012     305,989      39,583    266,406    -10,532  ...........
1995.............................         -927     -352,376     -9,742        -984   -341,650     438,562     109,880    328,682     19,958  ...........
1996.............................         -654     -413,923      6,668        -989   -419,602     551,096     126,724    424,372    -19,316  ...........
1997.............................       -1,044     -487,599     -1,010          68   -486,657     706,809      19,036    687,773    -90,482  ...........
1998.............................         -740     -347,829     -6,783        -422   -340,624     423,569     -19,903    443,472    129,691  ...........
1999.............................       -4,843     -503,640      8,747       2,750   -515,137     740,210      43,543    696,667     59,119  ...........

2000.............................         -799     -569,798       -290        -941   -568,567   1,026,139      37,724    988,415    -44,084  ...........
2001.............................       -1,062     -349,939     -4,911        -486   -344,542     765,531       5,104    760,427    -20,785  ...........
2002.............................       -1,285     -178,985     -3,681         -32   -175,272     706,983      94,860    612,123    -45,852  ...........

2001: I..........................         -267     -192,224        190          77   -192,491     313,923       4,290    309,633    -17,428       6,244
II.........................         -260      -92,213     -1,343        -783    -90,087     213,471     -21,197    234,668    -21,034         799
III........................         -286       37,353     -3,559          77     40,835      24,084      16,702      7,382     42,485      -8,244
IV.........................         -249     -102,853       -199         143   -102,797     214,051       5,309    208,742    -24,809       1,200

2002: I..........................         -277      -35,227        390         133    -35,750     146,813       6,106    140,707     -4,581       8,579
II.........................         -286     -128,567     -1,843          42   -126,766     221,242      47,552    173,690     30,438       2,091
III........................         -364       29,712     -1,416         -27     31,155     141,478       8,992    132,486    -48,102     -12,409
IV.........................         -358      -44,902       -812        -180    -43,910     197,448      32,210    165,238    -23,602       1,744

2003: I..........................         -388     -101,331         83         -70   -101,344     242,004      40,978    201,026     -1,578       9,479
II.........................       -1,553     -112,818       -170         427   -113,075     262,819      57,000    205,819     -9,054       1,454
III p......................         -795       -4,891       -611         530     -4,810     128,200      43,895     84,305     12,527    -12,200
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.