| Line |
(Credits +; debits -)
1
|
1997
|
1998
|
|
|
Current account
|
|
|
1
|
Exports of goods and services and income receipts
|
21,903
|
23,165
|
|
2
|
Exports of goods and services
|
16,964
|
17,728
|
|
3
|
Goods, balance of payments basis2
|
13,993
|
14,410
|
|
4
|
Services3
|
2,971
|
3,318
|
|
5
|
Transfers under U.S. military agency sales contracts4
|
130
|
317
|
|
6
|
Travel
|
514
|
487
|
|
7
|
Passenger fares
|
294
|
262
|
|
8
|
Other transportation
|
355
|
427
|
|
9
|
Royalties and license fees5
|
682
|
684
|
|
10
|
Other private services5
|
995
|
1,140
|
|
11
|
U.S. government miscellaneous services
|
1
|
1
|
|
12
|
Income receipts
|
4,939
|
5,437
|
|
13
|
Income receipts on U.S.-owned assets abroad
|
4,927
|
5,424
|
|
14
|
Direct investment receipts
|
3,009
|
3,407
|
|
15
|
Other private receipts
|
1,918
|
2,017
|
|
16
|
U.S. government receipts
|
.....
|
(*)
|
|
17
|
Compensation of employees
|
12
|
13
|
|
18
|
Imports of goods and services and income payments
|
-18,918
|
-18,729
|
|
19
|
Imports of goods and services
|
-12,736
|
-10,929
|
|
20
|
Goods, balance of payments basis2
|
-10,817
|
-8,778
|
|
21
|
Services3
|
-1,919
|
-2,151
|
|
22
|
Direct defense expenditures
|
-135
|
-139
|
|
23
|
Travel
|
-236
|
-385
|
|
24
|
Passenger fares
|
-221
|
-297
|
|
25
|
Other transportation
|
-454
|
-513
|
|
26
|
Royalties and license fees5
|
-135
|
-160
|
|
27
|
Other private services5
|
-671
|
-592
|
|
28
|
U.S. government miscellaneous services
|
-67
|
-65
|
|
29
|
Income payments
|
-6,182
|
-7,800
|
|
30
|
Income payments on foreign-owned assets in the United States
|
-6,164
|
-7,790
|
|
31
|
Direct investment payments
|
-757
|
-1,570
|
|
32
|
Other private payments
|
-3,567
|
-4,229
|
|
33
|
U.S. government payments
|
-1,840
|
-1,991
|
|
34
|
Compensation of employees
|
-18
|
-10
|
|
35
|
Unilateral current transfers, net
|
-59
|
-72
|
|
36
|
U.S. government grants4
|
.....
|
0
|
|
37
|
U.S. government pensions and other transfers
|
-31
|
-19
|
|
38
|
Private remittances and other transfers6
|
-28
|
-53
|
|
|
Capital account
|
|
|
39
|
Capital account transactions, net
|
-16
|
-16
|
|
|
Financial account
|
|
|
40
|
U.S.-owned assets abroad, excluding financial derivatives
(increase/financial outflow (-))
|
-1,991
|
-7,173
|
|
41
|
U.S. official reserve assets
|
.....
|
0
|
|
42
|
Gold7
|
.....
|
0
|
|
43
|
Special drawing rights
|
.....
|
.....
|
|
44
|
Reserve position in the International Monetary Fund
|
.....
|
.....
|
|
45
|
Foreign currencies
|
.....
|
.....
|
|
46
|
U.S. government assets, other than official reserve assets
|
-11
|
4
|
|
47
|
U.S. credits and other long-term assets
|
.....
|
0
|
|
48
|
Repayments on U.S. credits and other long-term assets8
|
.....
|
0
|
|
49
|
U.S. foreign currency holdings and U.S. short-term assets
|
-11
|
4
|
|
50
|
U.S. private assets
|
-1,980
|
-7,177
|
|
51
|
Direct investment
|
-2,398
|
-5,015
|
|
52
|
Foreign securities
|
2,656
|
1,877
|
|
53
|
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns
|
-2,607
|
-2,333
|
|
54
|
U.S. claims reported by U.S. banks, not included elsewhere
|
369
|
-1,706
|
|
55
|
Foreign-owned assets in the United States, excluding financial
derivatives (increase/financial inflow (+))
|
31,951
|
31,617
|
|
56
|
Foreign official assets in the United States
|
(
18
)
|
(
18
)
|
|
57
|
U.S. government securities
|
(
18
)
|
(
18
)
|
|
58
|
U.S. Treasury securities9
|
(
18
)
|
(
18
)
|
|
59
|
Other10
|
(
18
)
|
(
18
)
|
|
60
|
Other U.S. government liabilities11
|
-17
|
-192
|
|
61
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
(
18
)
|
(
18
)
|
|
62
|
Other foreign official assets12
|
(
18
)
|
(
18
)
|
|
63
|
Other foreign assets in the United States
|
(
18
)
|
(
18
)
|
|
64
|
Direct investment
|
7,107
|
17,269
|
|
65
|
U.S. Treasury securities
|
(
18
)
|
(
18
)
|
|
66
|
U.S. securities other than U.S. Treasury securities
|
5,134
|
10,098
|
|
67
|
U.S. currency
|
.....
|
n.a.
|
|
68
|
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns
|
254
|
1,170
|
|
69
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
18
19,473
|
18
3,272
|
|
70
|
Financial derivatives, net
|
n.a.
|
n.a.
|
|
71
|
Statistical discrepancy (sum of above items with sign reversed)14
|
-32,870
|
-28,792
|
|
|
Memoranda:
|
|
|
72
|
Balance on goods (lines 3 and 20)
|
3,176
|
5,632
|
|
73
|
Balance on services (lines 4 and 21)
|
1,052
|
1,167
|
|
74
|
Balance on goods and services (lines 2 and 19)
|
4,228
|
6,799
|
|
75
|
Balance on income (lines 12 and 29)
|
-1,243
|
-2,363
|
|
76
|
Unilateral current transfers, net (line 35)
|
-59
|
-72
|
|
77
|
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76)13
|
2,926
|
4,364
|
|
