News Release

FOR WIRE TRANSMISSION: 10:00 A.M. EST, WEDNESDAY, MARCH 15, 2000
BEA 00-06

U.S. International Transactions, Fourth Quarter 1999

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Christopher Bach:               (202) 606-9545                                                                 BEA 99-06

Recorded Message:                      606-5362



 U.S. International Transactions: Fourth Quarter and Year 1999

                         Fourth Quarter

                        Current Account

     The U.S. current-account deficit-- the combined balances on trade in goods
and services, income, and net unilateral current transfers--increased to $99.8
billion in the fourth quarter from $89.1 billion (revised) in the third, according to
preliminary estimates of the Commerce Department's Bureau of Economic
Analysis.  The goods and services deficit, the income deficit, and net unilateral
current transfers all contributed to the increase.

Goods and services

     The deficit on goods and services increased to $75.5 billion in the
fourth quarter from $72.6 billion in the third.

     Goods  The deficit on goods increased to $96.2 billion in the fourth
quarter from $91.9 billion in the third. Goods exports increased to $179.8 billion
from $173.7 billion. Nonagricultural exports more than accounted for the increase.
Agricultural exports decreased.

     Goods imports increased to $276.0 billion from $265.6 billion.  Nonpetroleum products
accounted for most of the increase, but petroleum products also increased.

     Services  The surplus on services increased to $20.7 billion in the fourth quarter from
$19.4 billion in the third.

     Service receipts increased to $71.3 billion from $69.6 billion, mostly as a result of
increases in travel, "other" private services, and "other" transportation.

     Service payments increased to $50.6 billion from $50.2 billion.  Travel, passenger fares,
and "other" transportation more than accounted for the increase; these increases were partly
offset by decreases in "other" private services and in direct defense expenditures abroad.

Income

     The deficit on income increased to $10.4 billion in the fourth quarter from $5.3 billion in
the third.

     Investment income  Income receipts on U.S.-owned assets abroad increased to $72.8
billion from $69.5 billion.  Much of the increase was attributable to "other" private receipts,
though direct investment receipts were also higher.

     Income payments on foreign-owned assets in the United States increased to $81.7 billion
from $73.3 billion.  Direct investment payments, "other" private payments, and U.S.
Government payments were all substantially higher.

     Compensation of employees  Receipts for compensation of U.S. workers abroad were
unchanged at $0.5 billion.  Payments for compensation of foreign workers in the United States
were unchanged at $1.9 billion.

Unilateral current transfers

     Net unilateral current transfers increased to $13.9 billion in the fourth quarter, up from
$11.2 billion in the third.  Most of the increase was attributable to U.S. Government grants,
which increased as a result of cash grants to Israel.

                 Capital and Financial Account

                        Capital Account

     Net capital account transactions were outflows of $0.7 billion in the fourth quarter, in
contrast to inflows of $0.2 billion in the third.  Fourth-quarter transactions include the transfer of
the U.S. Government's assets in the Panama Canal Commission to the Republic of Panama. The
assets are valued at the historical cost carried on the books of the Commission.  As part of its
future research program, BEA will restate the assets to a current-cost basis.

                       Financial Account

     Net recorded financial inflows--the difference between changes in U.S.-owned assets
abroad and changes in foreign-owned assets in the United States--were $90.9 billion in the
fourth quarter, down slightly from $94.3 billion (revised) in the third.  Financial inflows fell
more than financial outflows.

U.S.-owned assets abroad

     U.S.-owned assets abroad increased $88.8 billion in the fourth quarter, following an
increase of $113.4 billion in the third.

     U.S. claims on foreigners reported by U.S. banks increased $37.9 billion in the fourth
quarter, compared with an increase of $8.8 billion in the third.  Sharply higher demand for credit
in Caribbean banking centers and in Europe toward yearend resulted in a sharp step-up in
interbank transfers.

     Net U.S. purchases of foreign securities were $7.0 billion in the fourth quarter, down
from $34.4 billion in the third.  Net U.S. purchases of stocks were $11.3 billion, down from
$27.1 billion; in both quarters, there were numerous large acquisitions of U.S. companies by
foreign companies through exchanges of stock.  Transactions in bonds shifted to net U.S. sales
of $4.3 billion from net purchases of $7.3 billion.

     Net financial outflows for U.S. direct investment abroad were $31.3 billion in the fourth
quarter, down from $47.4 billion in the third.  Equity capital outflows were sharply lower.
Intercompany debt outflows were slightly higher, and reinvested earnings increased slightly.

     U.S. official reserve assets decreased $1.6 billion in the fourth quarter, compared with a
$2.0 billion decrease in the third.

Foreign-owned assets in the United States

     Foreign-owned assets in the United States increased $179.7 billion in the fourth quarter,
following an increase of $207.7 billion in the third.

     U.S. liabilities to foreigners reported by U.S. banks, excluding U.S. Treasury securities,
increased $24.3 billion in the fourth quarter, following an increase of $22.6 billion in the third.
Strong U.S. demand for funds to finance a sharp acceleration in commercial and industrial loans
and a rise in short-term interest differentials that favored placement of deposits in the United
States encouraged continued inflows.

     Net foreign purchases of U.S. securities other than U.S. Treasury securities were very
strong at $90.7 billion in the fourth quarter, but down from a record $94.6 billion in the third.
Net foreign purchases of U.S. stocks were a record $33.2 billion, up from $23.9 billion.  Net
foreign purchases of U.S. bonds were $57.5 billion, down from a record of $70.7 billion in the
third quarter.

     Transactions in U.S. Treasury securities shifted to net sales by foreigners of $17.2 billion
in the fourth quarter from net purchases of $9.6 billion in the third.  There were large sales by
international bond mutual funds in the Caribbean.

     Net financial inflows for foreign direct investment in the United States were $44.1 billion
in the fourth quarter, down from $60.8 billion in the third.  Intercompany debt inflows were
sharply lower.  Equity capital inflows were smaller, and reinvested earnings nearly doubled.

     Net U.S. currency shipments were $12.2 billion in the fourth quarter, up from $4.7
billion in the third.  The step-up was attributable to large shipments toward yearend.

     Foreign official assets in the United States increased $28.6 billion in the fourth quarter,
compared with an increase of $11.9 billion in the third.  In the fourth quarter, assets of both
industrial and developing countries increased by large amounts.

     The statistical discrepancy--errors and omissions in recorded transactions--was a positive
$9.6 billion in the fourth quarter, compared with a negative $5.4 billion in the third.

     In the fourth quarter, the U.S. dollar depreciated 2 percent on a trade-weighted quarterly
average basis against a group of 7 major currencies.
.

                         The Year 1999

                        Current Account

     The U.S. current-account deficit the combined balances on trade in goods and services,
income, and net unilateral current transfers increased to a record $338.9 billion in 1999 from
$220.6 billion in 1998.  Most of the increase was attributable to a rise in the deficit on goods and
services, though the deficit on investment income and net unilateral current transfers also
increased.

Goods and services

     Goods   The deficit on goods increased to $347.1 billion in 1999 from $246.9 billion in
1998.

     Goods exports increased to $683.0 billion from $670.2 billion.  Nonagricultural products
more than accounted for the increase.  Agricultural products decreased.

     Goods imports increased to $1,030.2 billion from $917.2 billion.  Nonpetroleum imports
accounted for most of the increase.  Petroleum imports also increased.

     Services  The surplus on services decreased to $79.6 billion in 1999 from $82.7 billion in
1998.

     Services exports increased to $277.1 billion from $263.7 billion.  "Other" private
services, travel, and "other" transportation accounted for most of the increase.

     Services imports increased to $197.5 billion from $181.0 billion.  "Other" transportation,
travel, "other" private services, and direct defense expenditures abroad accounted for most of the
increase.

Income

     The deficit on income increased to $24.8 billion in 1999 from $12.2 billion in 1998.

     Investment income  Income receipts on U.S.-owned assets abroad increased to $272.0
billion from $256.5 billion.  Nearly all of the increase was attributable to direct investment
receipts.

     Income payments on foreign-owned assets in the United States increased to $291.2
billion from $263.4 billion.  Direct investment payments, "other" private payments, and U.S.
Government payments all increased by substantial amounts.

     Compensation of employees  Receipts for compensation of U.S. workers abroad were
unchanged at $1.9 billion.  Payments for compensation of foreign workers in the United States
changed little at $7.5 billion.

Unilateral current transfers

     Net unilateral current transfers increased to $46.6 billion in 1999 from $44.1 billion in
1998.  Most of the increase was in private remittances, mainly from large nonprofit institutions.

                 Capital and Financial Account

                        Capital Account

     Net capital transactions were outflows of $0.2 billion in 1999, in contrast to inflows of
$0.6 billion in 1998.

                       Financial Account

     Net recorded financial inflows the difference between changes in U.S.-owned assets
abroad and changes in foreign-owned assets in the United States were $378.2 billion in 1999,
compared with $209.8 billion in 1998.  Financial inflows accelerated much more than financial
outflows.

U.S.-owned assets abroad

     U.S.-owned assets abroad increased $372.6 billion in 1999, compared with an increase of
$292.8 billion in 1998.

     U.S. claims on foreigners reported by U.S. banks increased $61.4 billion in 1999,
following an increase of $24.9 billion in 1998.  Improved economic conditions abroad, a step-up
in foreign merger and acquisition activity, and a sharp step-up in the demand for funds toward
yearend all increased U.S. lending to foreigners.

     Net U.S. purchases of foreign securities were $97.9 billion in 1999, down from $102.8
billion in 1998.  Net U.S. purchases of foreign stocks rose to a record $97.8 billion from the
previous record of $77.8 billion in 1998; both years included many foreign acquisitions of U.S.
companies through exchanges of stock.  Net U.S. purchases of foreign bonds fell to $0.1 billion
in 1999 from $25.1 billion in 1998.

     Net financial outflows for U.S. direct investment abroad were $152.2 billion in 1999, up
from $132.8 billion in 1998.  Most of the step-up was attributable to larger reinvested earnings.
Equity capital outflows were down slightly, and intercompany debt outflows were higher.

     U.S. official reserve assets decreased $8.7 billion in 1999, compared to an increase of
$6.8 billion in 1998.  The decrease in 1999 was attributable to special transactions in foreign
currencies related to the IMF quota increase in the first quarter, and to decreases in the U.S.
reserve position with the International Monetary Fund in the third and fourth quarters.

Foreign-owned assets in the United States

     Foreign-owned assets in the United States increased $750.8 billion in 1999, compared
with an increase of $502.6 billion in 1998.

     U.S. liabilities to foreigners reported by U.S. banks, excluding U.S. Treasury securities,
increased $67.7 billion in 1999, following an increase of $40.7 billion in 1998.  Heightened U.S.
and international demand for credit, mostly in the second half of the year, and a widening of
short-term interest differentials in favor of investment in U.S. assets, also mostly in the second
half of the year, contributed to the step-up in inflows.

     Net foreign purchases of U.S. securities other than U.S. Treasury securities were a record
$325.9 billion in 1999, up from the previous record of $218.0 billion in 1998.  Net foreign
purchases of U.S. stocks were a record $94.9 billion in 1999, up from $47.5 billion in 1998.  Net
foreign purchases of U.S. bonds were a record $231.0 billion in 1999, up from the previous
record of $170.5 billion in 1998.

     Transactions in U.S. Treasury securities shifted to net sales by foreigners of $21.8 billion
in 1999 from net purchases of $46.2 billion in 1998.  Foreigners shifted to higher yielding high-
grade corporate bonds and U.S. Government agency bonds.

     Net financial inflows for foreign direct investment in the United States were $282.5
billion in 1999, up from $193.4 billion in 1998.  Equity capital inflows increased by a very
substantial amount as a result of numerous foreign acquisitions of U.S. companies.
Intercompany debt inflows were also significantly higher, and reinvested earnings more than
doubled.

     Net U.S. currency shipments were $22.4 billion in 1999, up from $16.6 billion in 1998.
Some of the step-up was attributable to large shipments toward yearend 1999.

     Foreign official assets in the United States increased $44.6 billion in 1999, in contrast to
a decrease of $21.7 billion in 1998.  In 1999, assets of industrial countries accounted for 70
percent of the increase, and assets of developing countries accounted for 30 percent of the
increase.

     The statistical discrepancy errors and omissions in recorded transactions was a negative
$39.1 billion in 1999, compared with a positive $10.1 billion in 1998.

     In 1999, the dollar appreciated 1 percent on a trade-weighted basis against a group of 7
major currencies..                           Revisions

     The third-quarter international transactions are revised from previously published
estimates.  The current-account deficit for the third quarter was revised to $89.1 billion from
$89.9 billion.  The goods deficit was revised to $91.9 billion from $92.1 billion; the services
surplus was revised to $19.4 billion from $18.3 billion; the deficit on income was revised to $5.3
billion from $4.9 billion; and net unilateral current transfers were virtually unchanged from the
previous estimate at $11.2 billion.  Net recorded financial inflows were revised to $94.3 billion
from $105.7 billion.

                    *          *          *

     Release dates for 2000:

     Fourth quarter and year 1999............................................March 15, 2000 (Wednesday)
     First quarter 2000.........................................................June 20, 2000 (Tuesday)
     Second quarter 2000.................................................September 13, 2000 (Wednesday)
     Third quarter 2000....................................................December 14, 2000 (Thursday)

                     *          *          *

     BEA's major national, regional, international, and industry estimates, the Survey of
Current Business, and BEA news releases are available on BEA's web site:

          <www.bea.doc.gov>

     STAT-USA maintains an Internet site that contains BEA estimates, BEA news releases,
and the Survey of Current Business.  The information available through STAT-USA is often
more detailed and more timely than that available from other sources.  To subscribe to STAT-
USA's World Wide Web system, go to <www.stat-usa.gov>.  Subscriptions for single-user
unlimited access to STAT-USA's Internet information are $50.00 for 3 months or $150.00 for 1
year.  For further information, call (202) 482-1986.

     Summary BEA estimates are available on recorded messages at the time of public release
at the following telephone numbers:

          (202) 606-5362 U.S. international transactions
                         -5306 Gross domestic product
                         -5303 Personal income and outlays

     Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's
monthly journal.  The printed Survey of Current Business is available from the Superintendent
of Documents, U.S. Government Printing Office, Washington, D.C. 20402.  First class mail:
Annual subscription $120.00 domestic.  Second class mail: Annual subscription $48.00
domestic, $60.00 foreign; single issue $17.25 domestic, $21.56 foreign.
.
                                                                                                                                                                  March 15, 2000
    Table 1.--U.S. International Transactions
    [Millions of dollars, quarters seasonally adjusted]

                                                                                                                        1998       1999                                       Change:
                                   (Credits +, debits -)                               1998       1999      Change:                                                            1999
                                                                                                           1998-1999     IV         Ir         IIr       IIIr        IVp      III-IV

                                     Current account

     1 Exports of goods and services and income receipts............................ 1,192,231  1,233,944     41,713    299,985    295,503    300,939    313,183    324,317     11,134

     2      Exports of goods and services...........................................   933,907    960,088     26,181    236,904    231,567    234,174    243,254    251,092      7,838

     3          Goods, balance of payments basis 1/.................................   670,246    683,021     12,775    170,124    164,008    165,577    173,680    179,756      6,076

     4          Services 2/.........................................................   263,661    277,067     13,406     66,780     67,559     68,597     69,574     71,336      1,762
     5              Transfers under U.S. military agency sales contracts............    17,155     16,688       -467      4,081      4,340      4,099      4,232      4,017       -215

     6              Travel..........................................................    71,250     74,448      3,198     17,938     18,130     18,429     18,611     19,279        668
     7              Passenger fares.................................................    19,996     21,123      1,127      4,843      4,996      5,242      5,344      5,541        197
     8              Other transportation............................................    25,518     27,313      1,795      6,575      6,504      6,734      6,824      7,251        427

     9               Royalties and license fees.....................................    36,808     37,213        405      9,894      9,318      9,346      9,251      9,297         46
    10               Other private services.........................................    92,116     99,357      7,241     23,240     24,065     24,500     25,089     25,702        613
    11               U.S. Government miscellaneous services.........................       818        925        107        209        206        247        223        249         26

    12      Income receipts.........................................................   258,324    273,856     15,532     63,081     63,936     66,765     69,929     73,225      3,296
    13           Income receipts on U.S.-owned assets abroad........................   256,467    271,972     15,505     62,617     63,466     66,294     69,458     72,753      3,295
    14               Direct investment receipts.....................................   102,846    116,683     13,837     25,639     26,824     28,400     30,311     31,147        836
    15               Other private receipts.........................................   150,001    152,104      2,103     36,019     35,760     37,072     38,399     40,873      2,474
    16               U.S. Government receipts.......................................     3,620      3,185       -435        959        882        822        748        733        -15
    17           Compensation of employees..........................................     1,857      1,884         27        464        470        471        471        472          1

    18 Imports of goods and services and income payments............................-1,368,718 -1,526,281   -157,563   -348,180   -354,099   -370,921   -391,060   -410,204    -19,144

    19      Imports of goods and services...........................................-1,098,189 -1,227,636   -129,447   -280,166   -285,744   -299,464   -315,842   -326,588    -10,746

    20          Goods, balance of payments basis 1/.................................  -917,178 -1,030,152   -112,974   -233,711   -238,389   -250,168   -265,623   -275,972    -10,349

    21          Services 2/.........................................................  -181,011   -197,484    -16,473    -46,455    -47,355    -49,296    -50,219    -50,616       -397
    22              Direct defense expenditures.....................................   -12,841    -14,604     -1,763     -3,406     -3,503     -3,593     -3,808     -3,700        108

    23              Travel..........................................................   -56,105    -60,092     -3,987    -14,131    -14,815    -14,929    -14,957    -15,391       -434
    24              Passenger fares.................................................   -19,797    -21,305     -1,508     -5,125     -5,112     -5,314     -5,362     -5,518       -156
    25              Other transportation............................................   -30,457    -34,500     -4,043     -7,849     -7,734     -8,370     -9,138     -9,258       -120

    26               Royalties and license fees.....................................   -11,292    -12,437     -1,145     -2,923     -3,174     -3,195     -2,985     -3,083        -98
    27               Other private services.........................................   -47,670    -51,591     -3,921    -12,276    -12,335    -13,166    -13,183    -12,908        275
    28               U.S. Government miscellaneous services.........................    -2,849     -2,955       -106       -745       -682       -729       -786       -758         28

    29      Income payments.........................................................  -270,529   -298,645    -28,116    -68,014    -68,355    -71,457    -75,218    -83,616     -8,398
    30           Income payments on foreign-owned assets in the United States.......  -263,423   -291,158    -27,735    -66,188    -66,495    -69,602    -73,345    -81,717     -8,372
    31               Direct investment payments.....................................   -43,441    -58,250    -14,809    -11,081    -12,067    -14,487    -13,768    -17,929     -4,161
    32               Other private payments.........................................  -128,863   -137,777     -8,914    -32,408    -31,759    -31,960    -35,430    -38,628     -3,198
    33               U.S. Government payments.......................................   -91,119    -95,131     -4,012    -22,699    -22,669    -23,155    -24,147    -25,160     -1,013
    34           Compensation of employees..........................................    -7,106     -7,487       -381     -1,826     -1,860     -1,855     -1,873     -1,899        -26

    35 Unilateral current transfers, net............................................   -44,075    -46,581     -2,506    -13,474    -10,306    -11,175    -11,208    -13,892     -2,684

    36      U.S. Government grants..................................................   -13,057    -12,825        232     -5,742     -2,200     -2,760     -2,727     -5,138     -2,411
    37      U.S. Government pensions and other transfers............................    -4,350     -4,396        -46     -1,071     -1,065     -1,075     -1,075     -1,181       -106
    38      Private remittances and other transfers.................................   -26,668    -29,360     -2,692     -6,661     -7,041     -7,340     -7,406     -7,573       -167
 .
                                                                                                                                                                 March 15, 2000
    Table 1.--U.S. International Transactions (Continued)
    [Millions of dollars, quarters seasonally adjusted]

                                                                                                                        1998       1999                                       Change:
                                   (Credits +, debits -)                               1998       1999      Change:                                                            1999
                                                                                                           1998-1999     IV         Ir         IIr       IIIr        IVp      III-IV

                               Capital and financial account

                                      Capital account

    39 Capital account transactions, net............................................       617       -172       -789        166        166        178        175       -691       -866

                                     Financial account

    40 U.S.-owned assets abroad, net (increase/financial outflow (-))...............  -292,818   -372,567    -79,749    -50,607    -15,394   -154,959   -113,388    -88,822     24,566

    41     U.S. official reserve assets, net........................................    -6,784      8,749     15,533     -2,369      4,068      1,159      1,950      1,572       -378
    42          Gold................................................................       ....       ....       ....       ....       ....       ....       ....       ....       ....
    43          Special drawing rights..............................................      -149         12        161       -227        563       -190       -185       -176          9
    44          Reserve position in the International Monetary Fund.................    -5,118      5,485     10,603     -1,924          3      1,413      2,268      1,801       -467
    45          Foreign currencies..................................................    -1,517      3,252      4,769       -218      3,502        -64       -133        -53         80

    46     U.S. Government assets, other than official reserve assets, net..........      -429       -365         64        -50        119       -392       -686        594      1,280
    47          U.S. credits and other long-term assets.............................    -4,676     -6,123     -1,447     -1,043     -1,304     -2,167     -1,595     -1,057        538
    48          Repayments on U.S. credits and other long-term assets...............     4,102      6,223      2,121        938      1,545      1,887      1,026      1,765        739
    49          U.S. foreign currency holdings and U.S. short-term assets, net......       145       -465       -610         55       -122       -112       -117       -114          3

    50     U.S. private assets, net.................................................  -285,605   -380,951    -95,346    -48,188    -19,581   -155,726   -114,652    -90,988     23,664
    51          Direct investment...................................................  -132,829   -152,152    -19,323    -30,773    -41,631    -31,812    -47,356    -31,349     16,007
    52          Foreign securities..................................................  -102,817    -97,882      4,935    -70,809      8,132    -64,579    -34,431     -7,004     27,427
    53          U.S. claims on unaffiliated foreigners reported by
                     U.S. nonbanking concerns.......................................   -25,041    -69,493    -44,452     16,202    -13,853    -16,816    -24,066    -14,758      9,308
    54          U.S. claims reported by U.S. banks, not included elsewhere..........   -24,918    -61,424    -36,506     37,192     27,771    -42,519     -8,799    -37,877    -29,078

    55 Foreign-owned assets in the United States, net (increase/financial inflow (+)   502,637    750,765    248,128    149,805     88,968    274,379    207,735    179,686    -28,049

    56     Foreign official assets in the United States, net........................   -21,684     44,570     66,254     24,352      4,708       -628     11,881     28,609     16,728
    57          U.S. Government securities..........................................    -3,625     32,423     36,048     33,398      6,793       -916     14,798     11,748     -3,050
    58              U.S. Treasury securities........................................    -9,957     12,073     22,030     31,836        800     -6,708     12,963      5,018     -7,945
    59              Other...........................................................     6,332     20,350     14,018      1,562      5,993      5,792      1,835      6,730      4,895
    60          Other U.S. Government liabilities...................................    -3,113     -3,698       -585     -1,054     -1,594       -647     -1,070       -387        683
    61          U.S. liabilities reported by U.S. banks, not included elsewhere.....   -11,469     14,937     26,406     -7,133       -589      1,437     -2,032     16,121     18,153
    62          Other foreign official assets.......................................    -3,477        908      4,385       -859         98       -502        185      1,127        942

    63     Other foreign assets in the United States, net...........................   524,321    706,195    181,874    125,453     84,260    275,007    195,854    151,077    -44,777
    64          Direct investment...................................................   193,375    282,507     89,132    120,505     23,057    154,481     60,841     44,131    -16,710
    65          U.S. Treasury securities............................................    46,155    -21,756    -67,911     24,391     -8,781     -5,407      9,639    -17,207    -26,846
    66          U.S. securities other than U.S. Treasury securities.................   218,026    325,913    107,887     49,328     61,540     79,067     94,573     90,733     -3,840
    67          U.S. currency.......................................................    16,622     22,407      5,785      6,250      2,440      3,057      4,697     12,213      7,516
    68          U.S. liabilities to unaffiliated foreigners reported by
                     U.S. nonbanking  concerns......................................     9,412     29,411     19,999    -53,210     20,188      8,871      3,475     -3,123     -6,598
    69          U.S. liabilities reported by U.S. banks, not included elsewhere.....    40,731     67,713     26,982    -21,811    -14,184     34,938     22,629     24,330      1,701

    70 Statistical discrepancy (sum of above items with sign reversed)..............    10,126    -39,108    -49,234    -37,695     -4,838    -38,441     -5,437      9,606     15,043

       Memoranda:
    71 Balance on goods (lines 3 and 20)............................................  -246,932   -347,131   -100,199    -63,587    -74,381    -84,591    -91,943    -96,216     -4,273
    72 Balance on services (lines 4 and 21).........................................    82,650     79,583     -3,067     20,325     20,204     19,301     19,355     20,720      1,365
    73 Balance on goods and services (lines 2 and 19)...............................  -164,282   -267,548   -103,266    -43,262    -54,177    -65,290    -72,588    -75,496     -2,908
    74 Balance on income (lines 12 and 29)..........................................   -12,205    -24,789    -12,584     -4,933     -4,419     -4,692     -5,289    -10,391     -5,102
    75 Unilateral current transfers, net (line 35)..................................   -44,075    -46,581     -2,506    -13,474    -10,306    -11,175    -11,208    -13,892     -2,684
    76 Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75).....  -220,562   -338,918   -118,356    -61,669    -68,902    -81,157    -89,085    -99,779    -10,694

    r  Revised.  p  Preliminary.
    1.  Adjusted for timing, valuation, and coverage to balance of payments basis; excludes exports under U. S. military agency sales
    contracts and imports of U. S. military agencies.
    2.  Includes some goods that cannot be separately identified from services.

    NOTE:--Details may not add to totals because of rounding.     Source:  U. S. Department of Commerce, Bureau of Economic Analysis

 


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