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
|
39,833
|
40,785
|
40,832
|
42,201
|
42,725
|
42,510
|
42,483
|
43,538
|
2
|
Exports of goods and services
|
29,299
|
29,984
|
30,457
|
31,625
|
31,544
|
31,085
|
31,049
|
33,215
|
3
|
Goods, balance of payments basis2
|
20,297
|
20,680
|
19,620
|
21,777
|
22,398
|
21,103
|
19,921
|
22,440
|
4
|
Services3
|
9,002
|
9,304
|
10,837
|
9,848
|
9,146
|
9,982
|
11,128
|
10,775
|
5
|
Transfers under U.S. military agency sales contracts4
|
143
|
148
|
184
|
162
|
86
|
372
|
241
|
538
|
6
|
Travel
|
2,024
|
2,205
|
3,244
|
2,302
|
2,005
|
2,412
|
3,080
|
2,322
|
7
|
Passenger fares
|
709
|
809
|
1,063
|
816
|
734
|
863
|
1,044
|
823
|
8
|
Other transportation
|
696
|
728
|
795
|
795
|
930
|
972
|
1,064
|
959
|
9
|
Royalties and license fees5
|
2,346
|
2,194
|
2,251
|
2,425
|
2,097
|
2,082
|
2,180
|
2,494
|
10
|
Other private services5
|
3,075
|
3,207
|
3,275
|
3,335
|
3,280
|
3,272
|
3,503
|
3,622
|
11
|
U.S. government miscellaneous services
|
9
|
13
|
25
|
13
|
14
|
9
|
16
|
17
|
12
|
Income receipts
|
10,534
|
10,801
|
10,375
|
10,576
|
11,181
|
11,425
|
11,434
|
10,323
|
13
|
Income receipts on U.S.-owned assets abroad
|
10,507
|
10,775
|
10,349
|
10,549
|
11,154
|
11,398
|
11,407
|
10,296
|
14
|
Direct investment receipts
|
5,701
|
5,872
|
5,497
|
5,468
|
5,972
|
6,017
|
5,827
|
4,941
|
15
|
Other private receipts
|
4,665
|
4,771
|
4,716
|
4,951
|
5,037
|
5,238
|
5,425
|
5,185
|
16
|
U.S. government receipts
|
141
|
132
|
136
|
130
|
145
|
143
|
155
|
170
|
17
|
Compensation of employees
|
27
|
26
|
26
|
27
|
27
|
27
|
27
|
27
|
18
|
Imports of goods and services and income payments
|
-38,574
|
-43,188
|
-42,183
|
-42,731
|
-41,942
|
-46,548
|
-46,755
|
-47,882
|
19
|
Imports of goods and services
|
-30,257
|
-34,435
|
-32,783
|
-33,311
|
-32,434
|
-36,371
|
-36,556
|
-38,340
|
20
|
Goods, balance of payments basis2
|
-23,672
|
-26,663
|
-24,728
|
-26,453
|
-25,783
|
-27,687
|
-27,425
|
-30,270
|
21
|
Services3
|
-6,585
|
-7,772
|
-8,055
|
-6,858
|
-6,651
|
-8,684
|
-9,131
|
-8,070
|
22
|
Direct defense expenditures
|
-1,282
|
-1,154
|
-1,176
|
-1,218
|
-1,070
|
-1,024
|
-1,155
|
-1,251
|
23
|
Travel
|
-1,486
|
-2,315
|
-2,507
|
-1,442
|
-1,471
|
-2,668
|
-2,794
|
-1,714
|
24
|
Passenger fares
|
-673
|
-1,016
|
-1,010
|
-664
|
-690
|
-1,108
|
-1,158
|
-817
|
25
|
Other transportation
|
-956
|
-1,000
|
-1,019
|
-1,090
|
-1,083
|
-1,104
|
-1,156
|
-1,145
|
26
|
Royalties and license fees5
|
-520
|
-513
|
-557
|
-583
|
-716
|
-737
|
-799
|
-840
|
27
|
Other private services5
|
-1,495
|
-1,622
|
-1,596
|
-1,681
|
-1,463
|
-1,874
|
-1,879
|
-2,112
|
28
|
U.S. government miscellaneous services
|
-173
|
-152
|
-190
|
-180
|
-158
|
-169
|
-190
|
-191
|
29
|
Income payments
|
-8,317
|
-8,753
|
-9,400
|
-9,420
|
-9,508
|
-10,177
|
-10,199
|
-9,542
|
30
|
Income payments on foreign-owned assets in the United States
|
-8,280
|
-8,719
|
-9,365
|
-9,381
|
-9,480
|
-10,151
|
-10,168
|
-9,497
|
31
|
Direct investment payments
|
-3,327
|
-3,577
|
-3,702
|
-3,182
|
-3,368
|
-3,801
|
-3,698
|
-3,100
|
32
|
Other private payments
|
-2,979
|
-3,111
|
-3,426
|
-3,763
|
-3,611
|
-3,779
|
-3,899
|
-3,752
|
33
|
U.S. government payments
|
-1,974
|
-2,031
|
-2,237
|
-2,436
|
-2,501
|
-2,571
|
-2,571
|
-2,645
|
34
|
Compensation of employees
|
-37
|
-34
|
-35
|
-39
|
-28
|
-26
|
-31
|
-45
|
35
|
Unilateral current transfers, net
|
109
|
132
|
82
|
91
|
-129
|
-174
|
-150
|
-101
|
36
|
U.S. government grants4
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
37
|
U.S. government pensions and other transfers
|
-156
|
-171
|
-173
|
-172
|
-164
|
-181
|
-187
|
-158
|
38
|
Private remittances and other transfers6
|
265
|
303
|
255
|
263
|
35
|
7
|
37
|
57
|
|
Capital account
|
|
39
|
Capital account transactions, net
|
-7
|
-7
|
-6
|
-7
|
-7
|
-7
|
-7
|
-6
|
|
Financial account
|
|
40
|
U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
|
-32,179
|
-2,721
|
-12,819
|
-420
|
-20,263
|
-24,314
|
-7,155
|
-29,114
|
41
|
U.S. official reserve assets
|
12
|
-227
|
189
|
-1,351
|
-420
|
-135
|
-3
|
5,156
|
42
|
Gold7
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
43
|
Special drawing rights
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
44
|
Reserve position in the International Monetary Fund
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
45
|
Foreign currencies
|
12
|
-227
|
189
|
-1,351
|
-420
|
-135
|
-3
|
5,156
|
46
|
U.S. government assets, other than official reserve assets
|
-8
|
-17
|
-15
|
56
|
13
|
-29
|
10
|
16
|
47
|
U.S. credits and other long-term assets
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
48
|
Repayments on U.S. credits and other long-term assets8
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
49
|
U.S. foreign currency holdings and U.S. short-term assets
|
-8
|
-17
|
-15
|
56
|
13
|
-29
|
10
|
16
|
50
|
U.S. private assets
|
-32,183
|
-2,477
|
-12,993
|
875
|
-19,856
|
-24,150
|
-7,162
|
-34,286
|
51
|
Direct investment
|
-6,924
|
-5,549
|
-3,493
|
-4,440
|
-9,639
|
-14,345
|
-5,079
|
-4,629
|
52
|
Foreign securities
|
576
|
351
|
-905
|
644
|
423
|
-6,485
|
597
|
-22,144
|
53
|
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
|
-6,919
|
1,760
|
-3,555
|
-3,990
|
4,272
|
-8,278
|
-2,155
|
-3,404
|
54
|
U.S. claims reported by U.S. banks, not included elsewhere
|
-18,916
|
961
|
-5,040
|
8,661
|
-14,912
|
4,958
|
-525
|
-4,109
|
55
|
Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))
|
18,176
|
44,051
|
46,663
|
37,301
|
15,328
|
34,100
|
21,749
|
61,280
|
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
|
90
|
77
|
80
|
98
|
108
|
-69
|
34
|
-264
|
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
|
8,241
|
11,201
|
8,448
|
13,361
|
6,411
|
7,066
|
20,180
|
45,522
|
65
|
U.S. Treasury securities
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
(
18
)
|
66
|
U.S. securities other than U.S. Treasury securities
|
6,622
|
7,648
|
14,846
|
6,615
|
13,167
|
15,315
|
11,753
|
5,873
|
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
|
8,857
|
2,193
|
1,395
|
6,032
|
6,470
|
1,673
|
-6,848
|
2,079
|
69
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
18
-5,634
|
18
22,932
|
18
21,894
|
18
11,195
|
18
-10,828
|
18
10,115
|
18
-3,370
|
18
8,070
|
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
|
12,642
|
-39,052
|
-32,569
|
-36,435
|
4,288
|
-5,567
|
-10,165
|
-27,715
|
|
Memoranda:
|
|
72
|
Balance on goods (lines 3 and 20)
|
-3,375
|
-5,983
|
-5,108
|
-4,676
|
-3,385
|
-6,584
|
-7,504
|
-7,830
|
73
|
Balance on services (lines 4 and 21)
|
2,417
|
1,532
|
2,782
|
2,990
|
2,495
|
1,298
|
1,997
|
2,705
|
74
|
Balance on goods and services (lines 2 and 19)
|
-958
|
-4,451
|
-2,326
|
-1,686
|
-890
|
-5,286
|
-5,507
|
-5,125
|
75
|
Balance on income (lines 12 and 29)
|
2,217
|
2,048
|
975
|
1,156
|
1,673
|
1,248
|
1,235
|
781
|
76
|
Unilateral current transfers, net (line 35)
|
109
|
132
|
82
|
91
|
-129
|
-174
|
-150
|
-101
|
77
|
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76)13
|
1,368
|
-2,271
|
-1,269
|
-439
|
654
|
-4,212
|
-4,422
|
-4,445
|
|