U.S. International Transactions Accounts Data
Table 12. U.S. International Transactions, by Area
| Footnotes: |
| p Preliminary. |
| 0 Transactions are possible, but are zero for a given period. |
| (*) Transactions are less than $500,000(±). |
| D Suppressed to avoid disclosure of individual companies. |
| n.a. Transactions are possible, but data are not available. |
| ..... Not applicable, or for data periods 1960-1997, transactions that are 0, “not available,” or “not applicable.” |
| Quarterly estimates are not annualized and are expressed at quarterly rates. |
|
1 Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States; capital account transactions receipts; financial inflows--increase in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S. claims). Debits, -: Imports of goods and services and income payments; unilateral current transfers to foreigners; capital account transactions payments; financial outflows--decrease in foreign-owned assets (U.S. liabilities) or increase in U.S .-owned assets (U.S. claims). |
| 2 Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis; see table 2a and table 2b. |
| 3 Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in lines 8 and 25. |
| 4 Includes transfers of goods and services under U.S. military grant programs. |
| 5 Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from foreign parents. |
| 6 Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign governments and taxes paid by private nonresidents to the U.S. Government. |
| 7 At the present time, all U.S.-Treasury-owned gold is held in the United States. |
| 8 Includes sales of foreign obligations to foreigners. |
| 9 Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes. |
| 10 Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities of U.S. government corporations and agencies. |
| 11 Includes, primarily, U.S. government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 6. |
| 12 Consists of investments in U.S. corporate stocks and in debt securities of private corporations and state and local governments. |
| 13 Conceptually, the sum of line 77 and line 39 is equal to "net lending or net borrowing" in the national income and product accounts (NIPAs). However, the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the two sets of accounts appears in table 4.3B of the full set of NIPA tables. |
| 14 At the global level, the statistical discrepancy represents net errors and omissions in recorded transactions. For individual countries and regions, it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region. |
| 15 The "European Union" includes Belgium, Denmark, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom; beginning with the first quarter of 1995, also includes Austria, Finland, and Sweden; beginning with the second quarter of 2004, also includes Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia; and beginning with the first quarter of 2007, also includes Bulgaria and Romania. The "European Union" also includes the European Atomic Energy Community, the European Coal and Steel Community (through the third quarter of 2002), and the European Investment Bank. |
| 16 The "Euro area" includes Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain; beginning with the first quarter of 2001, also includes Greece; beginning with the first quarter of 2007, also includes Slovenia; and beginning with the first quarter of 2008, also includes Cyprus and Malta. |
| 17 Details not shown separately; see totals in lines 56 and 63. |
| 18 Details not shown separately are included in line 69. |
| 19 Estimates of financial derivatives for several countries are not available separately. Estimates for Luxembourg are included in Other Euro area. Estimates for Argentina, Brazil, Mexico, and Venezuela are included in Other South and Central America. Estimates for China, Hong Kong, India, Korea, Singapore, and Taiwan are included in Other Asia and Pacific. Estimates for South Africa are included in Other Africa. In addition, estimates for the Middle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific. |
| 20 Includes, as part of international and unallocated, taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; and net U.S. currency flows. Before 1999, also includes the estimated direct investment in foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Before 1996, also includes small transactions in business services that are not reported by country. |
| 21 Data for Luxembourg for 1999 and 2000 in lines 15, 32, 52, 54, 57, 58, 59, 61, 62, 65, 66, and 69 are not separately identifiable and are included with data for Belgium. |
| 22 Includes extraordinary U.S. government transactions with India in 1974:I. See "Special U.S. Government Transactions," in the June 1974 SURVEY OF CURRENT BUSINESS, p. 27. |
| 23 For Canada, passenger fares are included in the travel account in years 1960-1982. |
| 24 Break in series. See Technical Notes in the June 1989, June 1990, June 1992, June 1993, June 1995, and July 1996-2008 issues of the SURVEY OF CURRENT BUSINESS. |
| 25 Additional historical data for combined Belgium-Luxembourg is available on BEA's Web site under "Table 12. Additional historical data” in the U.S. International Transactions Interactive Tables. |
| 26 NOTE.--Country data are based on information available from U.S. reporting sources. In some instances, the statistics may not necessarily reflect the ultimate foreign transactor. For instance: U.S. goods export statistics reflect country of reported destination; in many cases the goods may be transshipped to third countries (especially true for the Netherlands and Germany). The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of U.S. funds. Before 1972, the geographic area data will not add to the global totals because reinvested earnings of foreign affiliates of U.S. companies and of U.S. affiliates of foreign companies are included in the accounts on a global basis only. Thus, the geographic area data will add to global totals beginning in the first quarter of 1972, but not before. The accounts that are affected are direct investment income receipts (line 14), U.S. direct investment abroad (line 51), direct investment income payments (line 31), foreign direct investment in the United States (line 64), and the subtotals and balances of which they are a part. |
| 27 NOTE.--Data for individual countries within European Union (6) may not add to the published totals for European Union (6), because in several instances estimates for the group are not available for each country. In addition, country data may not add to European Union (6) totals because of rounding. |
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Last updated: Tuesday, June 17, 2008
