Line |
(Credits +; debits -)
1
|
1997
|
1998
|
I
|
II
|
III
|
IV
|
I
|
II
|
III
|
IV
|
|
Current account
|
|
1
|
Exports of goods and services and income receipts
|
3,134
|
3,593
|
3,388
|
3,403
|
3,694
|
3,765
|
2,961
|
2,749
|
2
|
Exports of goods and services
|
2,656
|
3,077
|
2,852
|
3,079
|
3,006
|
3,272
|
2,738
|
2,544
|
3
|
Goods, balance of payments basis2
|
1,808
|
2,169
|
1,817
|
2,093
|
2,005
|
2,299
|
1,656
|
1,480
|
4
|
Services3
|
848
|
908
|
1,035
|
986
|
1,001
|
973
|
1,082
|
1,064
|
5
|
Transfers under U.S. military agency sales contracts4
|
82
|
75
|
69
|
123
|
91
|
52
|
89
|
115
|
6
|
Travel
|
228
|
354
|
385
|
282
|
254
|
317
|
362
|
324
|
7
|
Passenger fares
|
30
|
36
|
42
|
36
|
40
|
43
|
38
|
38
|
8
|
Other transportation
|
99
|
96
|
129
|
110
|
73
|
72
|
65
|
60
|
9
|
Royalties and license fees5
|
49
|
49
|
55
|
63
|
63
|
72
|
76
|
80
|
10
|
Other private services5
|
349
|
288
|
347
|
361
|
472
|
397
|
446
|
435
|
11
|
U.S. government miscellaneous services
|
11
|
10
|
8
|
11
|
8
|
20
|
6
|
12
|
12
|
Income receipts
|
478
|
516
|
536
|
324
|
688
|
493
|
223
|
205
|
13
|
Income receipts on U.S.-owned assets abroad
|
470
|
508
|
527
|
315
|
679
|
484
|
214
|
196
|
14
|
Direct investment receipts
|
178
|
218
|
129
|
-6
|
307
|
133
|
-156
|
-105
|
15
|
Other private receipts
|
223
|
254
|
275
|
288
|
286
|
303
|
297
|
270
|
16
|
U.S. government receipts
|
69
|
36
|
123
|
33
|
86
|
48
|
73
|
31
|
17
|
Compensation of employees
|
8
|
8
|
9
|
9
|
9
|
9
|
9
|
9
|
18
|
Imports of goods and services and income payments
|
-2,951
|
-3,233
|
-3,755
|
-3,313
|
-3,404
|
-4,202
|
-4,337
|
-3,829
|
19
|
Imports of goods and services
|
-2,426
|
-2,669
|
-3,151
|
-2,727
|
-2,896
|
-3,689
|
-3,814
|
-3,345
|
20
|
Goods, balance of payments basis2
|
-1,855
|
-2,031
|
-2,351
|
-2,262
|
-2,430
|
-2,868
|
-2,876
|
-2,753
|
21
|
Services3
|
-571
|
-638
|
-800
|
-465
|
-466
|
-821
|
-938
|
-592
|
22
|
Direct defense expenditures
|
-69
|
-35
|
-70
|
-79
|
-41
|
-33
|
-51
|
-42
|
23
|
Travel
|
-215
|
-256
|
-369
|
-106
|
-137
|
-427
|
-518
|
-244
|
24
|
Passenger fares
|
-43
|
-98
|
-113
|
-63
|
-64
|
-145
|
-164
|
-79
|
25
|
Other transportation
|
-83
|
-73
|
-77
|
-46
|
-70
|
-58
|
-46
|
-45
|
26
|
Royalties and license fees5
|
-4
|
-5
|
-4
|
-5
|
-5
|
-4
|
-1
|
-1
|
27
|
Other private services5
|
-142
|
-152
|
-151
|
-152
|
-136
|
-141
|
-142
|
-138
|
28
|
U.S. government miscellaneous services
|
-15
|
-19
|
-16
|
-14
|
-13
|
-13
|
-16
|
-43
|
29
|
Income payments
|
-525
|
-564
|
-604
|
-586
|
-508
|
-513
|
-523
|
-484
|
30
|
Income payments on foreign-owned assets in the United States
|
-514
|
-556
|
-596
|
-573
|
-495
|
-502
|
-512
|
-468
|
31
|
Direct investment payments
|
-4
|
-3
|
1
|
-2
|
.....
|
-4
|
-4
|
-2
|
32
|
Other private payments
|
-127
|
-124
|
-137
|
-156
|
-132
|
-145
|
-171
|
-118
|
33
|
U.S. government payments
|
-383
|
-429
|
-460
|
-415
|
-363
|
-353
|
-337
|
-348
|
34
|
Compensation of employees
|
-11
|
-8
|
-8
|
-13
|
-13
|
-11
|
-11
|
-16
|
35
|
Unilateral current transfers, net
|
-757
|
-788
|
-966
|
-824
|
-838
|
-923
|
-1,105
|
-960
|
36
|
U.S. government grants4
|
-287
|
-350
|
-512
|
-370
|
-348
|
-451
|
-634
|
-470
|
37
|
U.S. government pensions and other transfers
|
-9
|
-10
|
-10
|
-10
|
-10
|
-10
|
-10
|
-10
|
38
|
Private remittances and other transfers6
|
-461
|
-428
|
-444
|
-444
|
-480
|
-462
|
-461
|
-480
|
|
Capital account
|
|
39
|
Capital account transactions, net
|
-28
|
-28
|
-28
|
-28
|
-29
|
-29
|
-30
|
-31
|
|
Financial account
|
|
40
|
U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
|
-3,768
|
746
|
-3,088
|
1,883
|
-809
|
-1,838
|
1,667
|
-1,087
|
41
|
U.S. official reserve assets
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
42
|
Gold7
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
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
|
-17
|
20
|
-5
|
-27
|
34
|
72
|
-9
|
47
|
U.S. credits and other long-term assets
|
-28
|
-331
|
-235
|
-56
|
-174
|
-10
|
-267
|
-19
|
48
|
Repayments on U.S. credits and other long-term assets8
|
27
|
314
|
226
|
47
|
147
|
10
|
273
|
16
|
49
|
U.S. foreign currency holdings and U.S. short-term assets
|
12
|
.....
|
29
|
4
|
0
|
34
|
66
|
-6
|
50
|
U.S. private assets
|
-3,779
|
763
|
-3,108
|
1,888
|
-782
|
-1,872
|
1,595
|
-1,078
|
51
|
Direct investment
|
-515
|
-637
|
-596
|
418
|
-1,058
|
-588
|
-94
|
-56
|
52
|
Foreign securities
|
-178
|
-874
|
-802
|
-464
|
-285
|
-1,430
|
462
|
-869
|
53
|
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
|
-84
|
-15
|
-37
|
-114
|
136
|
-178
|
278
|
-6
|
54
|
U.S. claims reported by U.S. banks, not included elsewhere
|
-3,002
|
2,289
|
-1,673
|
2,048
|
425
|
324
|
949
|
-147
|
55
|
Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))
|
1,310
|
3,533
|
1,913
|
-5,840
|
-862
|
-815
|
-2,145
|
1,032
|
56
|
Foreign official assets in the United States
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
-585
|
359
|
-3,004
|
468
|
57
|
U.S. government securities
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
58
|
U.S. Treasury securities9
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
59
|
Other10
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
60
|
Other U.S. government liabilities11
|
-22
|
1
|
32
|
-25
|
70
|
-44
|
9
|
149
|
61
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
62
|
Other foreign official assets12
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
63
|
Other foreign assets in the United States
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
-277
|
-1,174
|
859
|
564
|
64
|
Direct investment
|
-82
|
-17
|
88
|
20
|
-212
|
149
|
-11
|
-13
|
65
|
U.S. Treasury securities
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
66
|
U.S. securities other than U.S. Treasury securities
|
-52
|
43
|
144
|
1
|
10
|
149
|
155
|
-134
|
67
|
U.S. currency
|
.....
|
.....
|
.....
|
.....
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
68
|
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
|
6
|
-14
|
330
|
-63
|
38
|
74
|
10
|
-225
|
69
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
18
1,460
|
18
3,520
|
18
1,319
|
18
-5,773
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
70
|
Financial derivatives, net
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
71
|
Statistical discrepancy (sum of above items with sign reversed)14
|
3,060
|
-3,823
|
2,536
|
4,719
|
2,248
|
4,042
|
2,989
|
2,126
|
|
Memoranda:
|
|
72
|
Balance on goods (lines 3 and 20)
|
-47
|
138
|
-534
|
-169
|
-425
|
-569
|
-1,220
|
-1,273
|
73
|
Balance on services (lines 4 and 21)
|
277
|
270
|
235
|
521
|
535
|
152
|
144
|
472
|
74
|
Balance on goods and services (lines 2 and 19)
|
230
|
408
|
-299
|
352
|
110
|
-417
|
-1,076
|
-801
|
75
|
Balance on income (lines 12 and 29)
|
-47
|
-48
|
-68
|
-262
|
180
|
-20
|
-300
|
-279
|
76
|
Unilateral current transfers, net (line 35)
|
-757
|
-788
|
-966
|
-824
|
-838
|
-923
|
-1,105
|
-960
|
77
|
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76)13
|
-574
|
-428
|
-1,333
|
-734
|
-548
|
-1,360
|
-2,481
|
-2,040
|
|