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
|
83,792
|
86,533
|
84,557
|
87,762
|
91,119
|
91,321
|
90,269
|
94,832
|
2
|
Exports of goods and services
|
58,602
|
60,980
|
58,967
|
61,868
|
62,486
|
62,842
|
62,765
|
66,639
|
3
|
Goods, balance of payments basis2
|
38,365
|
39,717
|
35,187
|
39,147
|
41,082
|
39,408
|
37,576
|
41,261
|
4
|
Services3
|
20,237
|
21,263
|
23,780
|
22,721
|
21,404
|
23,434
|
25,189
|
25,378
|
5
|
Transfers under U.S. military agency sales contracts4
|
1,238
|
1,234
|
1,383
|
1,194
|
840
|
1,308
|
1,176
|
1,454
|
6
|
Travel
|
4,488
|
5,253
|
6,826
|
5,498
|
4,729
|
5,753
|
6,711
|
5,662
|
7
|
Passenger fares
|
1,411
|
1,625
|
2,022
|
1,620
|
1,481
|
1,736
|
1,980
|
1,668
|
8
|
Other transportation
|
1,887
|
1,944
|
1,967
|
1,992
|
2,016
|
2,097
|
2,299
|
2,144
|
9
|
Royalties and license fees5
|
4,003
|
3,890
|
3,912
|
4,345
|
4,270
|
4,388
|
4,461
|
5,525
|
10
|
Other private services5
|
7,181
|
7,278
|
7,617
|
8,041
|
8,031
|
8,120
|
8,520
|
8,875
|
11
|
U.S. government miscellaneous services
|
29
|
39
|
53
|
31
|
37
|
32
|
42
|
50
|
12
|
Income receipts
|
25,190
|
25,553
|
25,590
|
25,894
|
28,633
|
28,479
|
27,504
|
28,193
|
13
|
Income receipts on U.S.-owned assets abroad
|
25,133
|
25,497
|
25,533
|
25,839
|
28,575
|
28,420
|
27,443
|
28,135
|
14
|
Direct investment receipts
|
12,150
|
12,157
|
12,067
|
11,441
|
13,524
|
12,955
|
10,939
|
13,095
|
15
|
Other private receipts
|
12,701
|
13,170
|
13,190
|
14,188
|
14,771
|
15,286
|
16,221
|
14,811
|
16
|
U.S. government receipts
|
282
|
170
|
276
|
210
|
280
|
179
|
283
|
229
|
17
|
Compensation of employees
|
57
|
56
|
57
|
55
|
58
|
59
|
61
|
58
|
18
|
Imports of goods and services and income payments
|
-83,071
|
-91,699
|
-91,617
|
-92,497
|
-90,998
|
-99,872
|
-100,489
|
-101,427
|
19
|
Imports of goods and services
|
-55,818
|
-63,388
|
-62,168
|
-62,893
|
-60,845
|
-68,331
|
-70,145
|
-71,191
|
20
|
Goods, balance of payments basis2
|
-40,948
|
-45,149
|
-43,088
|
-46,649
|
-45,140
|
-48,270
|
-48,671
|
-52,429
|
21
|
Services3
|
-14,870
|
-18,239
|
-19,080
|
-16,244
|
-15,705
|
-20,061
|
-21,474
|
-18,762
|
22
|
Direct defense expenditures
|
-1,850
|
-1,632
|
-1,798
|
-1,817
|
-1,546
|
-1,448
|
-1,724
|
-1,687
|
23
|
Travel
|
-3,033
|
-5,164
|
-5,522
|
-3,201
|
-3,266
|
-5,775
|
-6,345
|
-3,769
|
24
|
Passenger fares
|
-1,703
|
-2,586
|
-2,786
|
-1,689
|
-1,872
|
-2,941
|
-3,109
|
-2,180
|
25
|
Other transportation
|
-2,434
|
-2,667
|
-2,565
|
-2,621
|
-2,567
|
-2,732
|
-2,897
|
-2,908
|
26
|
Royalties and license fees5
|
-1,334
|
-1,346
|
-1,432
|
-1,589
|
-1,572
|
-1,580
|
-1,696
|
-1,980
|
27
|
Other private services5
|
-4,243
|
-4,596
|
-4,681
|
-5,051
|
-4,630
|
-5,319
|
-5,413
|
-5,952
|
28
|
U.S. government miscellaneous services
|
-273
|
-248
|
-296
|
-276
|
-252
|
-266
|
-290
|
-286
|
29
|
Income payments
|
-27,253
|
-28,311
|
-29,449
|
-29,604
|
-30,153
|
-31,541
|
-30,344
|
-30,236
|
30
|
Income payments on foreign-owned assets in the United States
|
-27,179
|
-28,246
|
-29,385
|
-29,527
|
-30,094
|
-31,489
|
-30,286
|
-30,148
|
31
|
Direct investment payments
|
-7,621
|
-8,052
|
-8,177
|
-6,589
|
-6,673
|
-7,295
|
-5,397
|
-6,121
|
32
|
Other private payments
|
-13,015
|
-13,272
|
-13,825
|
-15,061
|
-15,376
|
-16,056
|
-16,906
|
-16,131
|
33
|
U.S. government payments
|
-6,543
|
-6,922
|
-7,383
|
-7,877
|
-8,045
|
-8,138
|
-7,983
|
-7,896
|
34
|
Compensation of employees
|
-74
|
-65
|
-64
|
-77
|
-59
|
-52
|
-58
|
-88
|
35
|
Unilateral current transfers, net
|
218
|
226
|
26
|
-118
|
-255
|
-348
|
-329
|
-280
|
36
|
U.S. government grants4
|
-151
|
-130
|
-163
|
-117
|
-90
|
-187
|
-161
|
-125
|
37
|
U.S. government pensions and other transfers
|
-306
|
-322
|
-326
|
-387
|
-338
|
-347
|
-346
|
-368
|
38
|
Private remittances and other transfers6
|
675
|
678
|
515
|
386
|
173
|
186
|
178
|
213
|
|
Capital account
|
|
39
|
Capital account transactions, net
|
-70
|
-71
|
-70
|
-69
|
-64
|
-64
|
-65
|
-65
|
|
Financial account
|
|
40
|
U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
|
-98,255
|
-19,074
|
-59,832
|
-35,244
|
-65,697
|
-90,940
|
-23,207
|
-79,642
|
41
|
U.S. official reserve assets
|
-196
|
-139
|
-142
|
-134
|
-151
|
-148
|
-50
|
-2,386
|
42
|
Gold7
|
.....
|
.....
|
.....
|
.....
|
0
|
0
|
0
|
0
|
43
|
Special drawing rights
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
44
|
Reserve position in the International Monetary Fund
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
.....
|
45
|
Foreign currencies
|
-196
|
-139
|
-142
|
-134
|
-151
|
-148
|
-50
|
-2,386
|
46
|
U.S. government assets, other than official reserve assets
|
157
|
-17
|
185
|
247
|
191
|
-16
|
272
|
208
|
47
|
U.S. credits and other long-term assets
|
-86
|
-112
|
-71
|
-156
|
-93
|
-59
|
-76
|
-50
|
48
|
Repayments on U.S. credits and other long-term assets8
|
255
|
109
|
281
|
336
|
273
|
126
|
277
|
239
|
49
|
U.S. foreign currency holdings and U.S. short-term assets
|
-12
|
-14
|
-25
|
67
|
11
|
-83
|
71
|
19
|
50
|
U.S. private assets
|
-98,216
|
-18,918
|
-59,875
|
-35,357
|
-65,737
|
-90,776
|
-23,429
|
-77,464
|
51
|
Direct investment
|
-14,406
|
-13,594
|
-6,875
|
-12,114
|
-26,967
|
-29,336
|
-12,446
|
-15,582
|
52
|
Foreign securities
|
-7,760
|
575
|
-26,547
|
-7,358
|
-6,436
|
-18,776
|
3,464
|
-70,881
|
53
|
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
|
-24,887
|
-7,559
|
-10,561
|
-20,524
|
-15,144
|
-17,357
|
-5,356
|
7,749
|
54
|
U.S. claims reported by U.S. banks, not included elsewhere
|
-51,163
|
1,660
|
-15,892
|
4,639
|
-17,190
|
-25,307
|
-9,091
|
1,250
|
55
|
Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))
|
113,300
|
75,810
|
121,673
|
146,508
|
71,111
|
110,089
|
85,745
|
61,319
|
56
|
Foreign official assets in the United States
|
11,069
|
1,385
|
633
|
-7,214
|
-3,370
|
5,081
|
-3,546
|
7,814
|
57
|
U.S. government securities
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
58
|
U.S. Treasury securities9
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
59
|
Other10
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
60
|
Other U.S. government liabilities11
|
-166
|
-129
|
-168
|
35
|
139
|
-172
|
-112
|
-559
|
61
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
62
|
Other foreign official assets12
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
63
|
Other foreign assets in the United States
|
102,231
|
74,425
|
121,040
|
153,722
|
74,481
|
105,008
|
89,291
|
53,505
|
64
|
Direct investment
|
20,862
|
15,613
|
13,942
|
25,180
|
15,711
|
15,551
|
14,722
|
107,212
|
65
|
U.S. Treasury securities
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
66
|
U.S. securities other than U.S. Treasury securities
|
26,105
|
28,182
|
35,155
|
18,748
|
44,122
|
48,539
|
31,266
|
30,392
|
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
|
28,324
|
390
|
18,955
|
41,448
|
33,012
|
29,980
|
7,711
|
-52,417
|
69
|
U.S. liabilities reported by U.S. banks, not included elsewhere
|
(
17
)
|
(
17
)
|
(
17
)
|
(
17
)
|
(
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
|
-15,914
|
-51,725
|
-54,737
|
-106,342
|
-5,216
|
-10,186
|
-51,924
|
25,263
|
|
Memoranda:
|
|
72
|
Balance on goods (lines 3 and 20)
|
-2,583
|
-5,432
|
-7,901
|
-7,502
|
-4,058
|
-8,862
|
-11,095
|
-11,168
|
73
|
Balance on services (lines 4 and 21)
|
5,367
|
3,024
|
4,700
|
6,477
|
5,699
|
3,373
|
3,715
|
6,616
|
74
|
Balance on goods and services (lines 2 and 19)
|
2,784
|
-2,408
|
-3,201
|
-1,025
|
1,641
|
-5,489
|
-7,380
|
-4,552
|
75
|
Balance on income (lines 12 and 29)
|
-2,063
|
-2,758
|
-3,859
|
-3,710
|
-1,520
|
-3,062
|
-2,840
|
-2,043
|
76
|
Unilateral current transfers, net (line 35)
|
218
|
226
|
26
|
-118
|
-255
|
-348
|
-329
|
-280
|
77
|
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76)13
|
939
|
-4,940
|
-7,034
|
-4,853
|
-134
|
-8,899
|
-10,549
|
-6,875
|
|