U.S. cross-border (balance of payments) transactions | Sales by nonbank majority-owned affiliates | |||
U.S. sales (exports) | U.S. purchases (imports) | Sales to foreign persons by foreign affiliates of U.S. companies/1/ | Sales to U.S. persons by U.S. affiliates of foreign companies | |
Billions of dollars | ||||
1986 | 77.2 | 66.4 | 60.5 | n.a. |
1987 | 87.0 | 75.5 | 72.3 | 62.6 |
1988 | 101.1 | 82.4 | 83.8 | 73.2 |
1989 | 118.1 | 87.0 | 99.2 | 94.2 |
1990 | 137.3 | 100.6 | 121.3 | 109.2 |
1991 | 152.5 | 102.7 | 131.6 | 119.5 |
1992 | 163.8 | 103.5 | 140.6 | 128.0 |
1993 | 172.0 | 111.3 | 142.6 | 134.7 |
1994 | 187.8 | 123.3 | 159.1 | 145.4 |
1995 | 204.2 | 133.4 | 190.1 | 149.7 |
1996 | 224.2 | 142.3 | 221.1 | 161.0 |
1997 | 239.2 | 156.2 | n.a. | n.a. |
Percent change from prior year | ||||
1987 | 12.6 | 13.7 | 19.5 | |
1988 | 16.3 | 9.2 | 15.9 | 17.0 |
1989 | 16.8 | 5.5 | 18.4 | 28.7 |
1990 | 16.3 | 15.6 | 22.2 | 15.9 |
1991 | 11.1 | 2.1 | 8.5 | 9.5 |
1992 | 7.4 | 0.8 | 6.8 | 7.1 |
1993 | 5.1 | 7.5 | 1.5 | 5.3 |
1994 | 9.1 | 10.8 | 11.6 | 8.0 |
1995 | 8.8 | 8.2 | 19.4 | 2.9 |
1996 | 9.8 | 6.7 | 16.3 | 7.6 |
1997 | 6.7 | 9.8 | n.a. | n.a. |
n.a. Not available.
1. The figures shown in this column for 1986-88 have been adjusted, for the purposes of this article, to be consistent with those for 1989 forward, which reflect definitional and methodological improvements made in the 1989 Benchmark Survey of U.S. Direct Investment Abroad. The primary improvement was that investment income of affiliates in finance and insurance was excluded from sales of services. The adjustment was made by assuming that investment income of finance and insurance affiliates in 1986-88 accounted for the same share of sales of services plus investment income as in 1989.