Table A.—Sales of Services to Foreign and U.S. Markets Through Cross-Border Transactions and by Affiliates

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.