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
|
57,688
|
60,781
|
60,936
|
59,676
|
53,493
|
52,068
|
51,353
|
57,416
|
2
|
Exports of goods and services
|
49,990
|
53,333
|
53,560
|
53,521
|
47,696
|
46,141
|
45,584
|
51,629
|
3
|
Goods, balance of payments basis2
|
36,592
|
39,150
|
38,416
|
40,641
|
34,104
|
32,712
|
31,274
|
38,481
|
4
|
Services3
|
13,398
|
14,183
|
15,144
|
12,880
|
13,592
|
13,429
|
14,310
|
13,148
|
5
|
Transfers under U.S. military agency sales contracts4
|
2,220
|
3,114
|
2,473
|
2,137
|
2,791
|
2,852
|
2,437
|
2,499
|
6
|
Travel
|
2,479
|
3,289
|
3,964
|
2,405
|
2,014
|
2,797
|
3,366
|
2,307
|
7
|
Passenger fares
|
416
|
439
|
629
|
425
|
387
|
481
|
593
|
371
|
8
|
Other transportation
|
2,154
|
2,177
|
2,086
|
2,208
|
1,780
|
1,834
|
1,933
|
1,963
|
9
|
Royalties and license fees5
|
995
|
1,080
|
1,167
|
1,158
|
993
|
1,007
|
1,044
|
1,097
|
10
|
Other private services5
|
4,981
|
3,989
|
4,712
|
4,418
|
5,524
|
4,323
|
4,849
|
4,786
|
11
|
U.S. government miscellaneous services
|
153
|
95
|
113
|
129
|
103
|
135
|
88
|
125
|
12
|
Income receipts
|
7,698
|
7,448
|
7,376
|
6,155
|
5,797
|
5,927
|
5,769
|
5,787
|
13
|
Income receipts on U.S.-owned assets abroad
|
7,623
|
7,373
|
7,300
|
6,079
|
5,717
|
5,847
|
5,688
|
5,706
|
14
|
Direct investment receipts
|
4,823
|
4,163
|
4,204
|
2,921
|
2,673
|
2,816
|
2,587
|
2,807
|
15
|
Other private receipts
|
2,484
|
2,893
|
2,728
|
2,867
|
2,767
|
2,797
|
2,776
|
2,626
|
16
|
U.S. government receipts
|
316
|
317
|
368
|
291
|
277
|
234
|
325
|
273
|
17
|
Compensation of employees
|
75
|
75
|
76
|
76
|
80
|
80
|
81
|
81
|
18
|
Imports of goods and services and income payments
|
-71,045
|
-76,236
|
-86,316
|
-82,380
|
-76,737
|
-79,788
|
-88,148
|
-83,645
|
19
|
Imports of goods and services
|
-63,716
|
-69,157
|
-79,051
|
-75,172
|
-69,205
|
-72,250
|
-80,517
|
-76,453
|
20
|
Goods, balance of payments basis2
|
-56,240
|
-61,276
|
-70,639
|
-67,064
|
-61,064
|
-63,803
|
-71,655
|
-67,336
|
21
|
Services3
|
-7,476
|
-7,881
|
-8,412
|
-8,108
|
-8,141
|
-8,447
|
-8,862
|
-9,117
|
22
|
Direct defense expenditures
|
-519
|
-633
|
-654
|
-836
|
-880
|
-950
|
-951
|
-1,062
|
23
|
Travel
|
-2,450
|
-2,437
|
-2,737
|
-2,249
|
-2,547
|
-2,678
|
-2,732
|
-2,708
|
24
|
Passenger fares
|
-1,035
|
-1,176
|
-1,178
|
-1,114
|
-1,102
|
-1,068
|
-1,161
|
-1,234
|
25
|
Other transportation
|
-1,732
|
-1,810
|
-1,903
|
-1,942
|
-1,802
|
-1,913
|
-2,099
|
-2,148
|
26
|
Royalties and license fees5
|
-76
|
-79
|
-68
|
-74
|
-50
|
-37
|
-38
|
-39
|
27
|
Other private services5
|
-1,487
|
-1,549
|
-1,674
|
-1,704
|
-1,557
|
-1,627
|
-1,671
|
-1,721
|
28
|
U.S. government miscellaneous services
|
-177
|
-197
|
-198
|
-189
|
-203
|
-174
|
-210
|
-205
|
29
|
Income payments
|
-7,329
|
-7,079
|
-7,265
|
-7,208
|
-7,532
|
-7,538
|
-7,631
|
-7,192
|
30
|
Income payments on foreign-owned assets in the United States
|
-7,200
|
-6,989
|
-7,186
|
-7,073
|
-7,400
|
-7,444
|
-7,546
|
-7,034
|
31
|
Direct investment payments
|
51
|
164
|
93
|
279
|
150
|
39
|
-58
|
231
|
32
|
Other private payments
|
-2,452
|
-2,199
|
-2,313
|
-2,348
|
-2,524
|
-2,392
|
-2,490
|
-2,188
|
33
|
U.S. government payments
|
-4,799
|
-4,954
|
-4,966
|
-5,004
|
-5,026
|
-5,091
|
-4,998
|
-5,077
|
34
|
Compensation of employees
|
-129
|
-90
|
-79
|
-135
|
-132
|
-94
|
-85
|
-158
|
35
|
Unilateral current transfers, net
|
-3,431
|
-3,168
|
-3,381
|
-6,650
|
-3,899
|
-3,365
|
-4,017
|
-7,086
|
36
|
U.S. government grants4
|
-1,234
|
-1,235
|
-1,288
|
-4,374
|
-1,354
|
-1,025
|
-1,551
|
-4,464
|
37
|
U.S. government pensions and other transfers
|
-125
|
-131
|
-78
|
-122
|
-122
|
-120
|
-48
|
-124
|
38
|
Private remittances and other transfers6
|
-2,072
|
-1,802
|
-2,015
|
-2,154
|
-2,423
|
-2,220
|
-2,418
|
-2,498
|
|
Capital account
|
|
39
|
Capital account transactions, net
|
-105
|
-107
|
-199
|
-130
|
-116
|
-114
|
-131
|
-118
|
|
Financial account
|
|
40
|
U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
|
-19,251
|
-10,522
|
-9,518
|
1,577
|
4,510
|
-1,784
|
3,266
|
-2,950
|
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
|
-23
|
-157
|
412
|
-13
|
-69
|
-351
|
165
|
123
|
47
|
U.S. credits and other long-term assets
|
-453
|
-614
|
-483
|
-487
|
-394
|
-632
|
-207
|
-223
|
48
|
Repayments on U.S. credits and other long-term assets8
|
451
|
469
|
940
|
421
|
367
|
251
|
369
|
289
|
49
|
U.S. foreign currency holdings and U.S. short-term assets
|
-21
|
-12
|
-45
|
53
|
-42
|
30
|
3
|
57
|
50
|
U.S. private assets
|
-19,228
|
-10,365
|
-9,930
|
1,590
|
4,579
|
-1,433
|
3,101
|
-3,073
|
51
|
Direct investment
|
-7,592
|
-2,291
|
-4,894
|
-2,141
|
-2,150
|
-949
|
-1,438
|
-2,638
|
52
|
Foreign securities
|
-3,401
|
-2,559
|
-9,148
|
-4,148
|
-4,076
|
-6,951
|
3,990
|
970
|
53
|
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
|
-376
|
385
|
-1,260
|
-147
|
-790
|
2,301
|
-181
|
469
|
54
|
U.S. claims reported by U.S. banks, not included elsewhere
|
-7,859
|
-5,900
|
5,372
|
8,026
|
11,595
|
4,166
|
730
|
-1,874
|
55
|
Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))
|
25,828
|
-14,546
|
18,503
|
1,740
|
18,554
|
-5,259
|
-17,979
|
14,290
|
56
|
Foreign official assets in the United States
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
57
|
U.S. government securities
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
58
|
U.S. Treasury securities9
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
59
|
Other10
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
60
|
Other U.S. government liabilities11
|
72
|
-597
|
-523
|
301
|
-484
|
-1,033
|
-283
|
-849
|
61
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
62
|
Other foreign official assets12
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
63
|
Other foreign assets in the United States
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
64
|
Direct investment
|
1,547
|
2,843
|
-1,261
|
578
|
-1,238
|
-448
|
-314
|
407
|
65
|
U.S. Treasury securities
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
66
|
U.S. securities other than U.S. Treasury securities
|
2,989
|
679
|
1,484
|
-868
|
1,363
|
-1,149
|
-8,958
|
-1,018
|
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
|
997
|
16
|
1,950
|
-1,143
|
1,555
|
8
|
-1,583
|
-2,989
|
69
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
18
20,223
|
18
-17,487
|
18
16,853
|
18
2,872
|
18
17,358
|
18
-2,637
|
18
-6,841
|
18
18,739
|
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
|
10,316
|
43,798
|
19,975
|
26,167
|
4,195
|
38,242
|
55,656
|
22,093
|
|
Memoranda:
|
|
72
|
Balance on goods (lines 3 and 20)
|
-19,648
|
-22,126
|
-32,223
|
-26,423
|
-26,960
|
-31,091
|
-40,381
|
-28,855
|
73
|
Balance on services (lines 4 and 21)
|
5,922
|
6,302
|
6,732
|
4,772
|
5,451
|
4,982
|
5,448
|
4,031
|
74
|
Balance on goods and services (lines 2 and 19)
|
-13,726
|
-15,824
|
-25,491
|
-21,651
|
-21,509
|
-26,109
|
-34,933
|
-24,824
|
75
|
Balance on income (lines 12 and 29)
|
369
|
369
|
111
|
-1,053
|
-1,735
|
-1,611
|
-1,862
|
-1,405
|
76
|
Unilateral current transfers, net (line 35)
|
-3,431
|
-3,168
|
-3,381
|
-6,650
|
-3,899
|
-3,365
|
-4,017
|
-7,086
|
77
|
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76)13
|
-16,788
|
-18,623
|
-28,761
|
-29,354
|
-27,143
|
-31,085
|
-40,812
|
-33,315
|
|