7864_2005-2009

68 U .S . International T ransaction s January 2005

Table 11. U.S. International[Millions

Line (Credits +; debits - ) 1

Europe

20032003 2004

II III IV I II' III"

Current account1 Exports of goods and services and income receipts.............................................................................................. 422,230 104,194 104,289 113,324 114,985 121,279 120,0742 Exports of goods and services...................................................................................................................................... 289,781 71,377 71,103 77,334 77,251 80,303 79,2343 Goods, balance of payments basis2 .............................. 168,220 42,373 39,390 44,626 46,358 47,807 44,7544 Services3............................................................................ 121,561 29,004 31,713 32,708 30,893 32,496 34,4805 Transfers under U.S. military agency sales contracts4..................................................................................... 3,921 912 1,130 1,027 1,066 969 8756 Travel.............................................................................. 21,976 5,020 6,587 6,077 5,158 6,400 7,5167 Passenger fares..................................................................................................................................................... 5,699 1,296 1,659 1,549 1,374 1,673 1,9538 Other transportation.............................................................................................................................................. 10,754 2,692 2,804 2,772 2,882 3,118 3,4409 Royalties and license fees5.................................................................................................................................. 23,268 5,679 5,708 6,411 5,850 6,009 6,075

10 Other private services5 ...................... 55,768 13,361 13,781 14,828 14,526 14,288 14,58211 U.S. Government miscellaneous services.......................................................................................................... 175 44 44 44 37 39 3912 Income receipts............................................ 132,449 32,817 33,186 35,990 37,734 40,976 40,84013 Income receipts on U.S.-owned assets abroad...................................................................................................... 132,069 32,722 33,090 35,893 37,638 40,878 40,74114 Direct investment receipts..................................................................................................................................... 82,282 20,692 20,640 23,429 24,299 26,294 24,33615 Other private receipts............................................................................................................................................ 48,491 11,841 12,063 12,226 12,953 14,428 16,05016 U.S. Government receipts..................................................................................................................................... 1,296 189 387 238 386 156 35517 Compensation of employees..................................................................................................................................... 380 95 96 97 96 98 9918 Imports of goods and services and income payments........................................................................................... -531,836 -134,412 -135,712 -137,624 -137,722 -157,917 -157,12719 Imports of goods and services...................................................................................................................................... -398,356 -101,385 -101,109 -104,436 -102,423 -114,069 -112,40020 Goods, balance of payments basis2........................................................................................................................ -284,679 -71,625 -70,647 -75,697 -74,766 -81,344 -78,48821 Services3..................................................................................................................................................................... -113,677 -29,760 -30,462 -28,739 -27,657 -32,725 -33,91222 Direct defense expenditures................................................................................................................................. -11,140 -2,829 -2,703 -3,009 -2,963 -2,909 -2,92523 Travel........................................................................................................................................................................ -19,923 -6,025 -6,078 -4,155 -3,868 -7,056 -6,97524 Passenger fares........ -11,063 -3,201 -3,433 -2,350 -2,303 -3,221 -3,68525 Other transportation.. -17,030 -4,397 -4,443 -4,354 -4,573 -4,887 -5,21326 Royalties and license fees5 -11,114 -2,757 -2,902 -3,202 -2,676 -3,004 -3,25427 Other private services5 ......................................................................................................................................... -42,181 -10,245 -10,596 -11,360 -10,957 -11,330 -11,53828 U.S. Government miscellaneous services.......................................................................................................... -1,226 -306 -307 -309 -317 -318 -32229 Income payments............................................................................... -133,480 -33,027 -34,603 -33,188 -35,299 -43,848 -44,72730 Income payments on foreign-owned assets in the United States........................................................................ -133,029 -32,922 -34,504 -33,063 -35,173 -43,742 -44,62531 Direct investment payments.................................................... -45,461 -11,889 -12,713 -10,518 -12,744 -18,269 -18,26432 Other private payments............................................................ -66,361 -15,738 -16,541 -17,446 -17,407 -20,233 -20,95433 U.S. Government payments................................................................................................................................. -21,207 -5,295 -5,250 -5,099 -5,022 -5,240 -5,40734 Compensation of employees..................................................................................................................................... -451 -105 -99 -125 -126 -106 -10235 Unilateral current transfers, net -1,759 400 -671 -935 -733 -528 87036 U.S. Government grants4 .. -2,301 -510 -630 -549 -612 -485 -61337 U.S. Government pensions and other transfers......................................................................................................... -1,672 -408 -403 -469 -435 -415 -43438 Private remittances and other transfers'1..................................................................................................................... 2,214 1,318 362 83 314 372 1,917

Capital and financial accountCapital account

39 Capital account transactions, net................................................................................................................................. -518 -126 -135 -125 -144 -140 -152Financial account

40 U.S.-owned assets abroad, net (increase/financial outflow ( - )) ............................................................................. -157,026 -83,454 -17,181 7,665 -208,240 -69,099 -80,14541 U.S. official reserve assets, ne t..................................................................................................................................... -572 -154 -131 -117 -158 -132 -1484? Gold7............................................................................................................................................................................43 Special drawing rights................................................................................................................................................44 Reserve position in the International Monetary Fund..............45 Foreign currencies......................................................................... -572 -154 -131 -117 -158 -132 -14846 U.S. Government assets, other than official reserve assets, net.. 719 48 310 148 648 95 22747 U.S. credits and other long-term assets..................................... -523 -122 -62 -45 -25 -24 -5748 Repayments on U.S. credits and other long-term assets8 ...... 1,255 154 368 250 685 84 29149 U.S. foreign currency holdings and U.S. short-term assets, net........................................................................... -13 16 4 -57 -12 35 -750 U.S. private assets, n e t.................................................................................................................................................. -157,173 -83,348 -17,360 7,634 -208,730 -69,062 -80,224b1 Direct investment........................................................................................................................................................ -99,191 -23,340 -27,235 -31,451 -22,086 -36,057 -16,142b2 Foreign securities....................................................................................................................................................... -14,895 7,629 -13,700 9,338 -17,101 -28,791 -19,987b3 U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.................................................. -40,736 -18,658 17,192 -7,647 -45,181 17,670 4,660b4 U.S. claims reported by U.S. banks, not included elsewhere............................................................................... -2,351 -48,979 6,383 37,394 -124,362 -21,884 -48,75555 Foreign-owned assets in the United States, net (increase/financial inflow (+ ))................................................ 244,036 25,722 60,433 37,336 189,622 64,824 154,36556 Foreign official assets in the United States, n e t......................................................................................................... 5,118 3,210 308 -7,144 4,549 22,534 6,953b7 U.S. Government securities............................................. (17) (17) (17) H H H (17)58 U.S. Treasury securities9............................................. (17) P ) (17) (17) f 7) (17) (17)59 Other10........................................................................... n (17) (") (17) (17) (17) (17)60 Other U.S. Government liabilities11................................ -635 64 -177 -348 -80 -277 -8961 U.S. liabilities reported by U.S. banks, not included elsewhere............................................................................ n (,7) (17) C7) (17) (17) (")62 Other foreign official assets12.......................................... n (") (17) C7) (") (17) n63 Other foreign assets in the United States, net............................................................................................................ 238,918 22,512 60,125 44,480 185,073 42,290 147,41264 Direct investment.................................................. 6,572 -7,176 -11,583 -5,602 153 5,924 40,8696b U.S. Treasury securities...................................... 17,619 19,354 15,386 -6,121 45,944 -2,438 1,45366 U.S. securities other than U.S. Treasury securities 124,130 30,967 13,950 40,080 13,310 35,222 54,2786 / U.S. currency...............................................................................................................................................................68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns............................................... 88,118 1,509 17,806 4,256 35,489 -12,544 9,67869 U.S. liabilities reported by U.S. banks, not included elsewhere............................................................................ 2,479 -22,142 24,566 11,867 90,177 16,126 41,13470 Statistical discrepancy (sum of above items with sign reversed)........................................................................ 24,873 87,676 -11,023 -19,641 42,232 41,581 -37,885

Memoranda:71 Balance on goods (lines 3 and 20)................................................................................................................................... -116,459 -29,252 -31,257 -31,071 -28,408 -33,537 -33,73412 Balance on services (lines 4 and 2 1 )............................................................................................................................... 7,884 -756 1,251 3,969 3,236 -229 568/3 Balance on goods and services (lines 2 and 1 9 )........................................................................................................... -108,575 -30,008 -30,006 -27,102 -25,172 -33,766 -33,166/A Balance on income (lines 12 and 29)............................................................................................................................... -1,031 -210 -1,417 2,802 2,435 -2,872 -3,887/b Unilateral current transfers, net (line 3 5 ).......................................................................................................................... -1,759 400 -671 -935 -733 -528 87076 Balance on current account (lines 1,18, and 35 or lines 73,74, and 75)13................................................................ -111,365 -29,818 -32,094 -25,235 -23,470 -37,166 -36,183

See the footnotes on pages 75-76.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

January 2005

January 2005 S urvey of C urrent B usiness 69

Transactions, by AreaContinuesof dollars]

European Union14 United Kingdom

20032003 2004

20032003 2004 Line

II III IV I II' II|p II III IV I II' 111

363,531 89,373 89,306 98,095 98,826 105,801 105,094 101,390 25,272 25,551 26,725 27,393 29,843 30,638 1251,837 62,068 61,596 67,250 67,198 70,516 70,000 67,806 16,696 16,999 17,810 17,823 18,120 18,581 2147,391 37,086 34,320 38,916 40,830 42,229 40,014 32,869 8,362 7,845 8,170 8,898 8,811 8,465 3104,446

3,05324,982

69627,276

93128,334

81426,368

79028,287

70929,986

53834,937

3888,334

769,154

999,640

948,925

929,309

11010,116

14545

19,1245,3929,245

4,3481,2362,279

5,7401,5482,427

5,3361,4702,393

4,5101,3072,489

5,7901,5442,703

6,8391,8203,040

8,5792,6802,410

2,033627602

2,464743649

2,418752630

1,989653626

2,370735684

2,811873751

678

19,84447,661

127

4,86411,527

32

4,81911,779

32

5,46812,821

32

4,94912,299

24

5,12012,393

28

5,17012,551

28

4,15016,714

16

9754,017

4

9844,211

4

1,1384,604

4

9834,578

4

9874,416

7

1,0474,482

7

91011

111,694111,41867,08443,550

784

27,30527,23616,47510,600

161

27,71027,64016,60210,851

187

30,84530,77419,54111,027

206

31,62831,55919,67111,679

209

35,28535,20721,95713,111

139

35,09435,01520,36314,464

188

33,58433,49513,97019,445

80

8,5768,5543,8004,754

8,5528,5293,6674,862

8,9158,8923,8764,936

80

9,5709,5474,1615,386

11,72311,7005,4276,273

12,05712,0334,8447,189

1213141516

276 69 70 71 69 78 79 89 22 23 23 23 23 24 17-456,995 -114,703 -115,496 -119,954 -118,021 -137,794 -136,888 -134,248 -32,642 -33,038 -35,646 -34,637 -39,248 -38,096 18-341,395 -86,720 -85,909 -90,317 -87,962 -98,926 -97,474 -74,027 -18,571 -18,813 -19,521 -18,866 -20,516 -19,693 19-245,002 -61,505 -60,223 -65,880 -64,341 -70,658 -68,356 -42,574 -10,530 -10,487 -11,397 -10,889 -11,963 -10,677 20

-96,393-9,551

-25,215-2,434

-25,686-2,323

-24,437-2,609

-23,621-2,611

-28,268-2,581

-29,118-2,600

-31,453-829

-8,041-193

-8,326-219

-8,124-222

-7,977-282

-8,553-245

-9,016-250

2122

-17,160-10,046-13,893

-5,167-2,920-3,546

-5,070-3,088-3,595

-3,668-2,152-3,573

-3,461-2,126-3,775

-6,269-2,991-4,126

-5,930-3,470-4,395

-5,446-3,981-3,189

-1,422-1,237

-792

-1,536-1,145

-823

-1,274-899-853

-1,213-859-855

-1,660-1,006

-873

-1,764-1,234

-929

232425

-8,549-36,203

-991

-2,045-8,856

-247

-2,239-9,123

-248

-2,510-9,675

-250

-2,009-9,381

-258

-2,341-9,702

-258

-2,541-9,920

-262

-1,662-16,274

-72

-368-4,011

-18

-393-4,192

-18

-464-4,394

-18

-407-4,343

-18

-443-4,307

-19

-466-4,354

-19

262728

-115,600-115,274

-37,536-60,560-17,178

-326

-27,983-27,905

-9,323-14,297

-4,285-78

-29,587-29,511-10,167-15,100

-4,244-76

-29,637-29,550

-9,494-15,956

^,100-87

-30,059-29,971-10,183-15,800

-3,988-88

-38,868-38,783-16,041-18,463

-4,279-85

-39,414-39,330-16,132-18,843

-4,355-84

-60,221-60,143-18,882-37,536

-3,725-78

-14,071-14,052-4,247-8,894

-911-19

-14,225-14,207

-3,975-9,367

-865-18

-16,125-16,104

-5,289-9,949

-866-21

-15,771-15,750

-4,976-9,764-1,010

-21

-18,732-18,713

-5,986-11,489

-1,238-19

-18,403-18,384

-5,439-11,603

-1,342-19

293031323334

667-51

897 -57-44

-381 -66-50

-23-3

1,023-21

1,999 1,067 425 236 447 449 920 3536

-1,3732,091

-3421,239

-341328

-352-29

-357341

-370350

-3621,406

-2432,242

-611,128

-61486

-61297

-62509

-62511

-59979

3738

-210 -51 -56 -50 -60 -71 -86 -34 -8 -9 -8 -9 -8 -9 39

-182,044 -73,300 -25,600 -215 -172,034 -67,970 -64,261 -124,830 -50,921 -21,721 3,431 -101,487 -44,116 -67,070 40-386 -104 -85 -77 -118 -91 -111 41

4?4344

-386505

-10438

-85 -77 -118328

-91 -111 45140 89 13 124 54 6 2 58 -4 -7 -4 46

47480

252810

136 109-20

335-7

28 131 68 68 484 -15 -7 -14 -6 2 -10 -4 -7 -4 49

-182,163-81,437-14,536-34,887-51,303

-73,234-19,707

6,705-13,513-46,719

-25,655-22,697-11,277

16,960-8,641

-227-25,224

7,084-8,07225,985

-172,244-19,638-17,502-45,296-89,808

-67,892-34,036-28,223

20,292-25,925

-64,274-12,464-19,282

4,777-37,305

-124,884-30,456-23,032-30,162-41,234

-50,915-4,577

1,803-8,433

-39,708

-21,723-10,497-13,195

12,923-10,954

3,373-7,110

1,384-8,80717,906

-101,483-260

-14,089-31,853-55,281

-44,109-16,201-27,050

11,166-12,024

-67,066-989

-17,183-964

-47,930

5051525354

217,744 9,566 52,874 26,907 155,563 31,197 143,027 182,500 -16,667 73,795 6,398 141,464 12,672 113,297 55n (18) (18) H (18) (18) (18) (8) H (18) H H (18) n 56(18)(18 n

(18)(18 n('8

(18)H

(18)H

(18)(18)(18)H

(18)(18)

(18)(18)

(18)(18) (18)H

n(18) (,s)(18)5758

H H H (18) (18) H (18) (18) (18) (18) (18) (18) n n 59-951

H-17(18)n

-336(18)

-429H

-331(18)

-213(18)(18)

23(1S)

-61(18)

37(18)

-3(18)

-12(18)

-91(18)

-16(18)

-32(18)

6061

(18)

H

(18) (18) (18) (18) n (18) (18) (18) (18) (18) (18) 62

H (18) (18) (18) H (18) (18) (18) (18) (18) H (18)(18) 63

11,516(18)

107,652

-9,818(18)

28,253

-10,501n

10,367

6,443(18)

33,709

-3,768(18)

8,867

4,873(18)

31,659

39,669(18)

49,868

-1,660n

100,980

-12,319(18)

28,559

-3,253(18)

12,047

-4,898(18)

25,260

48(18)

9,281

1,471(18)

23,373

17,629n

39,455

646566 67

84,493 1815,034

2,059 18-10,911

15,202 18 38,142

2,605 18-15,421

37,221 18113,574

-19,860 1814,738

12,463 18 41,004

65,782 1817,459

-1,250 18-31,694

17,365 18 47,639

-8,097 18-5,855

35,995 18 96,231

-15,794 18 3,638

11,370 18 44,875

6869

57,307 88,218 -971 -4,402 35,792 68,860 -47,909 -26,777 73,899 -45,003 -1,136 -33,171 40,408 -39,680 70

-97,6118,053

-89,558-3,906

667-92,797

-24,419-233

-24,652-678

897-24,433

-25,9031,590

-24,313-1,877

-57-26,247

-26,9643,897

-23,0671,208-381

-22,240

-23,511 2,747

-20,764 1,569

-66 -19,261

-28,42919

-28,410-3,583

-23-32,016

-28,342868

-27,474-4,320

1,023-30,771

-9,7053,484

-6,221-26,637

1,999-30,859

-2,168293

-1,875-5,495

1,067-6,303

-2,642828

-1,814-5,673

425-7,062

-3,2271,516

-1.711-7,210

236-8,685

-1,991948

-1,043-6,201

447-6,797

-3,152756

-2,396-7,009

449-8,956

-2,2121,100

-1,112-6,346

920-6,538

717273747576


January 2005




Canada

20032003 2004

II III IV I II' II|p

Current account1 Exports of goods and services and income receipts.............................................................................................. 221,396 57,416 52,219 57,789 59,564 64,141 61,3052 Exports of goods and services...................................................................................................................................... 196,914 51,608 46,197 50,916 52,775 56,312 53,7793 Goods, balance of payments basis2................................ 169,905 44,823 39,517 44,071 45,016 48,787 46,5864 Services3............................................................................. 27,009 6,785 6,680 6,845 7,759 7,525 7,1935 Transfers under U.S. military agency sales contracts4..................................................................................... 200 57 51 48 60 30 236 Travel............................................................................... 6,844 1,869 1,601 1,547 2,288 2,260 1,8347 Passenger fa res..................................................................................................................................................... 2,114 528 552 512 713 560 5198 Other transportation.............................................................................................................................................. 2,614 640 661 669 679 741 7679 Royalties and license fees5.................................................................................................................................. 3,389 836 819 936 868 844 877

10 Other private services5 ...................... 11,764 2,834 2,975 3,112 3,131 3,068 3,15111 U.S. Government miscellaneous services.......................................................................................................... 84 21 21 21 20 22 2212 Income receipts............................................ 24,482 5,808 6,022 6,873 6,789 7,829 7,52613 Income receipts on U.S.-owned assets abroad...................................................................................................... 24,384 5,784 5,997 6,847 6,761 7,803 7,49814 Direct investment receipts..................................................................................................................................... 17,430 4,125 4,298 5,085 5,040 5,874 5,54815 Other private receipts............................................................................................................................................ 6,954 1,659 1,699 1,762 1,721 1,929 1,95016 U.S. Government receipts.....................................................................................................................................17 Compensation of employees..................................................................................................................................... 98 24 25 26 28 26 2818 Imports of goods and services and income payments........................................................................................... -253,269 -62,886 -63,394 -65,368 -68,073 -75,193 -74,77319 Imports of goods and services...................................................................................................................................... -243,670 -60,946 -60,500 -62,376 -65,093 -71,661 -70,72220 Goods, balance of payments basis2........................................................................................................................ -224,249 -56,362 -54,678 -57,829 -60,998 -66,377 -64,31821 Services3..................................................................................................................................................................... -19,421 -4,584 -5,822 -4,547 -4,095 -5,284 -6,40422 Direct defense expenditures................................................................................................................................. -95 -19 -24 -33 -26 -37 -2523 Travel........................................................................................................................................................................ -6,376 -1,514 -2,731 -1,168 -1,040 -1,789 -3,12024 Passenger fares......... -406 -81 -126 -112 -75 -133 -14725 Other transportation... -3,634 -938 -913 -909 -993 -1,040 -1,03226 Royalties and license fees5.................................................................................................................................. -810 -170 -195 -239 -192 -219 -22027 Other private services5 ......................................................................................................................................... -7,920 -1,817 -1,788 -2,041 -1,722 -2,011 -1,79428 U.S. Government miscellaneous services.......................................................................................................... -180 -45 -45 -45 -47 -55 -6629 Income payments............................................................................... -9,599 -1,940 -2,894 -2,992 -2,980 -3,532 -4,05130 Income payments on foreign-owned assets in the United States........................................................................ -9,253 -1,856 -2,811 -2,898 -2,884 -3,443 -3,96231 Direct investment payments..................................................... -3,528 -516 -1,330 -1,333 -1,264 -1,663 -2,13232 Other private payments............................................................. -4,678 -1,112 -1,187 -1,233 -1,255 -1,376 -1,41633 U.S. Government payments................................................................................................................................. -1,047 -228 -294 -332 -365 -404 -41434 Compensation of employees..................................................................................................................................... -346 -84 -83 -94 -96 -89 -8935 Unilateral current transfers, net ........................ -190 -47 -28 -52 -128 -82 -2236 U.S. Government grants4 ... ........................ -737 U.S. Government pensions and other transfers......................................................................................................... -553 -139 -139 -139 -141 -142 -15838 Private remittances and other transfers6..................................................................................................................... 363 92 111 87 13 60 143


39 Capital account transactions, net................................................................................................................................. 102 29 32 25 19 26 11Financial account

40 U.S.-owned assets abroad, net (increase/financial outflow ( - ) ) ............................................................................. 5,171 10,035 -4,433 -1,049 -7,194 -15,338 5,95641 U.S. official reserve assets, net.....................................................................................................................................4? Gold7............................................................................................................................................................................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, net...47 U.S. credits and other long-term assets......................................48 Repayments on U.S. credits and other long-term assets8 .......49 U.S. foreign currency holdings and U.S. short-term assets, net50 U.S. private assets, n e t...................................................................... 5,171 10,035 -4,433 -1,049 -7,194 -15,338 5,95651 Direct investment............................................................................. -13,826 -3,730 -3,715 1,608 -5,747 -5,058 -4,66262 Foreign securities............................................................................ 7,648 1,793 2,803 -1,168 1,385 -12,506 4,19653 U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.................................................. -601 770 1,597 -971 -1,801 3,254 -1,29954 U.S. claims reported by U.S. banks, not included elsewhere............................................................................... 11,950 11,202 -5,118 -518 -1,031 -1,028 7,72155 Foreign-owned assets in the United States, net (increase/financial inflow (+ ))................................................ 35,399 7,861 4,576 14,265 11,182 17,127 17,17756 Foreign official assets in the United States, n e t......................................................................................................... -1,105 -168 406 -365 892 -114 96857 U.S. Government securities..................... n (,7) (17) (") C7) (17) (17)58 U.S. Treasury securities9..................... (") n (17) (17) H (,7) (,7)59 Other10.................................................. (17) (17> (17) (17) H (17) H60 Other U.S. Government liabilities11....... -39 -12 -19 4 -31 23 561 U.S. liabilities reported by U.S. banks, not included elsewhere............................................................................ (") (,7) (") (17) (17) (17) (")62 Other foreign official assets12................. (,7) (") (") (,7) n C7) (,7)63 Other foreign assets in the United States, net............................................................................................................ 36,504 8,029 4,170 14,630 10,290 17,241 16,20964 Direct investment.................................................. 9,116 957 1,951 6,495 -726 17,843 3,28065 U.S. Treasury securities...................................... (") (" ) (17) (17) (17) (,7) (")66 U.S. securities other than U.S. Treasury securities............................................................................................... 13,977 3,953 -1,837 9,061 6,220 -2,115 7,7606 / U.S. currency.........................................................68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns............................................... n (17) n (17) (17) n (")69 U.S. liabilities reported by U.S. banks, not included elsewhere............................................................................ 2,716 2,680 -2,551 -96 -4,148 928 1,39470 Statistical discrepancy (sum of above items with sign reversed)........................................................................ -8,609 -12,408 11,028 -5,610 4,630 9,319 -9,654

Memoranda:71 Balance on goods (lines 3 and 20)................................................................................................................................... -54,344 -11,539 -15,161 -13,758 -15,982 -17,590 -17,73212 Balance on services (lines 4 and 2 1 )............................................................................................................................... 7,588 2,201 858 2,298 3,664 2,241 78973 Balance on goods and services (lines 2 and 1 9 )........................................................................................................... -46,756 -9,338 -14,303 -11,460 -12,318 -15,349 -16,943IA Balance on income (lines 12 and 29)............................................................................................................................... 14,883 3,868 3,128 3,881 3,809 4,297 3,475lb Unilateral current transfers, net (line 3 5 )........ -190 -47 -28 -52 -128 -82 -22/6 Balance on current account (lines 1,18, and 35 or lines 73,74, and 75)13............................................................... -32,063 -5,517 -11,203 -7,631 -8,637 -11,134 -13,490



January 2005

January 2005 S urvey of C u rrent B u sin ess 71


Latin America and Other Western Hemisphere Mexico1!

20032003 2004

II III IV I l l r IIIp

251,612 59,689 63,747 69,910 68,161 72,008 75,761 121,545203,065 48,780 51,796 55,126 53,793 56,918 58,927 113,853148,802 36,166 37,347 40,258 40,531 42,606 42,915 97,22154,263 12,614 14,449 14,868 13,262 14,312 16,012 16,632

415 102 100 99 114 118 113 717,088 3,930 4,973 4,729 3,820 4,605 5,633 5,8614,275 974 1,212 1,134 1,046 1,215 1,432 1,1583,623 898 917 958 959 1,071 1,169 8823,964 972 994 1,122 860 941 1,008 1,224

24,722 5,694 6,209 6,782 6,418 6,319 6,613 7,481176 44 44 44 45 43 44 19

48,547 10,909 11,951 14,784 14,368 15,090 16,834 7,69248,343 10,858 11,900 14,733 14,316 15,038 16,782 7,66624,671 4,842 6,145 8,873 8,412 8,508 8,946 5,76423,347 5,929 5,696 5,748 5,860 6,440 7,751 1,884

325 87 59 112 44 90 85 18204 51 51 51 52 52 52 26

-307,067 -76,664 -78,074 -78,882 -81,576 -89,493 -93,692 -159,819-267,626 -66,525 -68,225 -69,757 -71,353 -77,431 -79,870 -150,892-217,826 -54,193 -55,175 -57,106 -58,128 -63,513 -65,353 -138,992

-49,800 -12,332 -13,050 -12,651 -13,225 -13,918 -14,517 -11,900-285 -66 -64 -72 -56 -60 -60 -8

-18,760 -4,602 -5,090 -4,468 -4,754 -4,987 -5,758 -7,404-2,896 -705 -801 -685 -649 -1,025 -841 -862-3,696 -949 -921 -903 -1,069 -1,152 -1,185 -1,040-1,212 -271 -288 -303 -287 -367 -255 -122

-22,410 -5,604 -5,750 -6,084 -6,268 -6,149 -6,274 -2,253-541 -135 -136 -136 -142 -178 -144 -211

-39,441 -10,139 -9,849 -9,125 -10,223 -12,062 -13,822 -8,927-32,559 -8,502 -8,042 -7,297 -8,597 -10,298 -11,955 -2,208

-1,324 -758 -329 569 -601 -1,082 -1,212 -193-24,212 -6,021 -5,944 -6,055 -6,196 -7,097 -8,392 -657

-7,023 -1,723 -1,769 -1,811 -1,800 -2,119 -2,351 -1,358-6,882 -1,637 -1,807 -1,828 -1,626 -1,764 -1,867 -6,719

-26,132 -6,375 -6,604 -,960 -7,337 -7,427 -5,695 -7,308-1,986 -531 -428 -526 -521 -466 -502 -33

-842 -202 -196 -258 -221 -202 -210 -250-23,304 -5,642 -5,980 -6,176 -6,595 -6,759 -4,983 -7,025

-94 -7 -21 -4 -15 -12 -15

8,505 -40,346 52,973 -2,533 -62,127 -20,947 -35,213 -3,536

373 20 105 84 99 95 218 45-279 -97 -52 -61 -36 -128 -67 -2

738 124 197 177 147 122 285 44-86 -7 -40 -32 -12 101 3

8,132 -40,366 52,868 -2,617 -62,226 -21,042 -35,431 -3,581-13,170 -1,562 -3,092 -1,520 -9,623 -2,263 -8,388 -5,667-16,634 -3,685 -2,129 2,021 6,968 6,420 3,980 -1,236

22,707 -7,585 22,747 -19,382 -7,634 -9,284 -20,039 1,12415,229 -27,534 35,342 16,264 -51,937 -15,915 -10,984 2,198

191,242 89,013 -6,921 52,530 96,987 94,528 41,153 11,85012,290 7,992 522 437 4,448 7,786 1,856 n

H (17) (17) (17) (17) (17) (") H(17) f 7) 07) 0 7) 07) C7) (") (18)H (,7) (17) (17) (") 07) ( ) (16)70 25 30 20 44 60 510 7) f 7) C7) C7) (") (17) (17) (18)(17) (,7) (17) (17) (17) (,7) (") (18)

178,952 81,021 -7,443 52,093 92,539 86,742 39,297 (18)3,526 3,606 638 -1,198 3,144 1,736 1,847 1,944

(17) (17) (17) (17) (17) (") (17) (18)76,289 39,735 15,018 21,756 23,495 13,472 18,103 4,144

(,7) (7) (17) n (") (7) (17) 19681,011 35,056 -23,663 26,102 54,180 36,159 1,886 18 5,566

-118,066 -25,310 -25,100 -34,061 -14,093 -48,657 17,701 37,268

-69,024 -18,027 -17,828 -16,848 -17,597 -20,907 -22,438 -41,7714,463 282 1,399 2,217 37 394 1,495 4,732

-64,561 -17,745 -16,429 -14,631 -17,560 -20,513 -20,943 -37,0399,106 770 2,102 5,659 4,145 3,028 3,012 -1,235

-26,132 -6,375 -6,604 -6,960 -7,337 -7,427 -5,695 -7,308-81,587 -23,350 -20,931 -15,932 -20,752 -24,912 -23,626 -45,582

2003 2004 Line

III

32,63030,07125,849

4,2221

1,470324233273

1,9165

2,5592,5522,072

47647

-42,047-39,960-36,636

-3,324-4

-2,263-212-242

-23-525

-55-2,087

-504-29

-188-287

-1,583-1,825

-8

-1,817

-4

991

983-2,669

2,790148714

4,180nn

-1nnn

418n

750

111 18 2,902

6,075

-10,787898

-9,889472

-1,825-11,242

34,85332,08827,539

4,5494

1,572348265313

2,0425

2,7652,7582,237

51747

-45,179-42,913-39,742

-3,171-3

-2,040-215-255

-33-570

-55-2,266

-53826

-230-334

-1,728-1,912

-8

-1,904

-4

1,062

1,054-2,204

1,894-82

1,4468,635

(18)

-4

-419(,e)

618

409 ! 8,031

2,545

-12,2031,378

-10,825499

-1,912-12,238

35,41132,70227,907

4,7951

1,663349296316

2,1655

2,7092,7022,160

53847

-44,915-42,241-39,300

-2,941-3

-1,918-236-109

-36-584-55

-2,674-851-171-298-382

-1,823-1,967

- 7

-1,960

-2,515

-2,543-1,880

45181

-8894,326

(18)(18)nn-1(16)

-526(,8)

7,674

12'-2 ,833

9,665

-11,3931,854

-9,53935

-1,967-11,471

39


January 2005




Japan

20032003 2004

II III IV I II' in'1

Current account1 Exports of goods and services and income receipts.............................................................................................. 95,613 22,830 24,185 25,538 25,641 26,211 26,7902 Exports of goods and services...................................................................................................................................... 80,613 19,352 20,547 21,209 21,036 21,492 22,0363 Goods, balance of payments basis2......................... 50,250 12,912 12,260 12,925 12,708 13,329 12,7994 Services3..................................................................... 30,363 6,440 8,287 8,284 8,328 8.163 9,2375 Transfers under U.S. military agency sales contracts4..................................................................................... 475 120 105 99 111 115 1076 Travel........................................................................ 7,595 1,215 2,367 2,220 2,171 2,097 2,7017 Passenger fa res..................................................... 2,422 418 770 701 706 672 9108 Other transportation.............................................. 3,145 766 793 848 884 941 9359 Royalties and license fees5.................................................................................................................................. 6,657 1,600 1,669 1,804 1,714 1,740 1,740

10 Other private services5................ 9,965 2,295 2,557 2,586 2,726 2,582 2,82811 U.S. Government miscellaneous services.......................................................................................................... 104 26 26 26 16 16 1612 Income receipts..................................... 15,000 3,478 3,638 4,329 4,605 4,719 4,75413 Income receipts on U.S.-owned assets abroad...................................................................................................... 14,928 3,460 3,620 4,311 4,587 4,701 4,73614 Direct investment receipts..................................................................................................................................... 9,183 2,111 2,198 2,778 2,824 2,853 2,75515 Other private receipts..... 5,742 1,349 1,421 1,532 1,763 1,848 1,98016 3 1 1 117 Compensation of employees.................................................................................................................................... 72 18 18 18 18 18 1818 Imports of goods and services and income payments........................................................................................... -171,253 -41,711 -42,675 -46,011 -46,663 -48,889 -49,66619 Imports of goods and services...................................................................................................................................... -137,243 -33,644 -33,564 -36,404 -36,385 -37,323 -37,68520 Goods, balance of payments basis2........................................................................................................................ -118,034 -29,178 -28,655 -31,215 -31,141 -32,029 -32,30121 Services3..................................................................................................................................................................... -19,209 -4,466 -4,909 -5,189 -5,244 -5,294 -5,38422 Direct defense expenditures................................................................................................................................. -1,650 -422 -407 -430 -453 -402 -40523 Travel........................................................................................................................................................................ -2,323 -516 -615 -604 -542 -708 -70624 Passenger fares.............. -966 -213 -250 -262 -275 -172 -27025 Other transportation........ -4,763 -1,125 -1,234 -1,271 -1,320 -1,400 -1,54126 Royalties and license fees5.................................................................................................................................. -5,594 -1,223 -1,470 -1,532 -1,580 -1,465 -1,38527 Other private services5.... -3,717 -918 -884 -1,041 -1,024 -1,096 -1,02728 U.S. Government miscellaneous services.......................................................................................................... -196 -49 -49 -49 -50 -51 -5029 Income payments......................................................................... -34,010 -8,067 -9,111 -9,607 -10,278 -11,566 -11,98130 Income payments on foreign-owned assets in the United States........................................................................ -33,920 -8,048 -9,095 -9,579 -10,250 -11,547 -11,96431 Direct investment payments.............................................. -7,629 -1,705 -2,513 -2,660 -2,634 -3.049 -3,11632 Other private payments...................................................... -5,852 -1,372 -1,448 -1,516 -1,555 -1,870 -1,96033 U.S. Government payments................................................................................................................................. -20,439 -4,971 -5,134 -5,403 -6,061 -6,628 -6,88834 Compensation of employees -90 -19 -16 -28 -28 -19 -1735 Unilateral current transfers, net 59 48 -28 -4 -105 12 -5363 / U.S. Government pensions and other transfers......................................................................................................... -141 -35 -35 -37 -37 -38 -2738 Private remittances and other transfers6..................................................................................................................... 200 83 7 33 -68 50 22


39 Capital account transactions, net................................................................................................................................. 24 6 6 6 6 6 6Financial account

40 U.S.-owned assets abroad, net (increase/financial outflow ( - ) ) ............................................................................. -59,919 -8,669 -11,990 -25,465 -5,234 -14,795 -19,28241 -1 -142 Gold7............................................................................................................................................................................434445 -1 -146 U.S. Government assets, other than official reserve assets, net.............................................................................. 2 -10 -147 U.S. credits and other long-term assets...............................4849 2 -10 -150 U.S. private assets, net................................................................................................................................................... -59,919 -8,671 -11,990 -25,455 -5,234 -14,794 -19,28051 Direct investment......................................................................................................................................................... -5,800 -1,270 -2,158 -1,272 560 -3,453 -3,37252 Foreign securities....................................................................................................................................................... -31,975 -92 -10,567 -20,154 -13,441 2,639 -5,71753 U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns -451 -567 -306 -679 792 -821 3154 U.S. claims reported by U.S. banks, not included elsewhere............................................................................... -21,693 -6,742 1,041 -3,350 6,855 -13,159 -10,22255 Foreign-owned assets in the United States, net (increase/financial inflow (+ ))................................................ 140,569 44,840 18,718 54,479 105,026 60,583 41,44756 Foreign official assets in the United States, n e t......................................................................................................... n n (,8) n n n (18)57 U.S. Government securities.......................... (,8) n h n (,a) (18) n58 U.S. Treasury securities9......................... n n n n n (,8) n59 Other10........................................................ n (IB) (,a) (,8) n n n60 Other U.S. Government liabilities11.......................................................................................................................... -114 21 202 -161 -103 -83 42361 U.S. liabilities reported by U.S. banks, not included elsewhere............................................................................ n n n n n (8) n62 Other foreign official assets12...................... n n C8) n n (18) n63 Other foreign assets in the United States, net............................................................................................................ H n n n n () (,8)64 Direct investment............................................ 6,494 3,174 2,197 3,187 2,739 3,936 3,29865 U.S. Treasury securities................................ n n n n n n n66 U.S. securities other than U.S. Treasury securities............................................................................................... -5,539 3,339 -15,783 4,636 4,643 21,243 3,20567 U.S. currency..................................................68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns............................................... 242 -74 377 -44 1,257 -792 1,22669 U.S. liabilities reported by U.S. banks, not included elsewhere.................. 18 139,486 18 38,380 18 31,725 18 46,861 18 96,490 18 36,279 18 33,29570 Statistical discrepancy (sum of above items with sign reversed)........................................................................ -5,093 -17,344 11,784 -8,543 -78,671 -23,128 710

Memoranda:71 Balance on goods (lines 3 and 20).................................................................................................................................... -67,784 -16,266 -16,395 -18,290 -18,433 -18,700 -19,50272 Balance on services (lines 4 and 2 1 )............................................................................................................................... 11,154 1,974 3,378 3,095 3,084 2,869 3,85373 Balance on goods and services (lines 2 and 19) -56,630 -14,292 -13,017 -15,195 -15,349 -15,831 -15,64974 Balance on income (lines 12 and 29).................. -19,010 -4,589 -5,473 -5,278 -5,673 -6,847 -7,22775 Unilateral current transfers, net (line 3 5 ).......................................................................................................................... 59 48 -28 -4 -105 12 -576 Balance on current account (lines 1,18, and 35 or lines 73,74, and 75)13................................................................ -75,581 -18,833 -18,518 -20,477 -21,127 -22,666 -22,881



January 2005

January 2005 S urvey of C u rrent B usin ess 73


Australia Other countries in Asia and Africa

20032003 2004

20032003 2004 Line

II III IV I l l r IMP II III IV 1 II' II|p

24,190 5,896 6,662 6,507 6,485 7,144 7,393 261,504 59,974 67,090 72,028 74,056 74,216 78,372 118,711 4,776 5,097 4,775 4,728 5,087 5,334 225,467 51,910 57,580 62,143 63,704 63,488 66,364 212,696 3,154 3,572 3,208 3,134 3,327 3,629 163,249 38,124 40,654 46,082 46,155 46,952 47,815 36,015

1721,622

431,525

371,567

351,594

531,760

351,705

5362,218

7,30813,786

1,78016,926

1,86916,0612,050

17,5491,886

16,5362,401

18,5492,177

45

1,502312332

3536885

4528992

4008986

4359782

54813492

516106109

9,504871

10,658

2,131156

2,521

3,240279

2,774

2,196253

2,978

2,231247

2,975

2,969281

3,100

3,697331

3,169

678

9132,776

8

230841

2

211642

2

271684

2

234691

2

264684

3

249669

3

7,49926,115

263

1,8415,292

65

1,8886,810

66

2,0126,506

66

1,9738,173

64

1,9715,750

64

2,0347,077

64

91011

5,4795,4533,7371,716

1,1201,114

709405

1,5651,5581,126

432

1,7321,7251,277

448

1,7571,7501,265

485

2,0572,0501,526

524

2,0592,0521,511

541

36,03735,62628,305

4,6622,659

8.064 7,9616.065 1,126

770

9,5109,4077,5031,126

778

9,8859,7827,7371,210

835

10,35210,2478,5541,349

344

10,72810,6249,0211,410

193

12,00811,90310,094

1,553256

1213141516

26 6 7 7 7 7 7 411 103 103 103 105 104 105 17-11,770 -2,853 -3,028 -2,915 -3,392 -3,838 -4,175 -485,801 -115,712 -127,867 -130,622 -127,459 -143,558 -158,577 18

-9,716 -2,375 -2,528 -2,587 -2,616 -2,668 -2,998 -456,761 -108,619 -120,827 -122,970 -119,565 -134,892 -149,496 19-6,396 -1,597 -1,696 -1,684 -1,669 -1,751 -1,972 -409,490 -98,033 -108,403 -109,715 -106,016 -119,832 -135,405 20-3,320

-124-778

-28-832

-26-903

-44-947

-47-917

-58-1,026

-60-47,271-11,823

-10,586-2,865

-12,424-3,115

-13,255-3,229

-13,549-3,279

-15,060-3,677

-14,091-3,705

2122

-1,037-648-185

-249-143

-43

-265-163

-42

-256-166

-51

-295-199

-62

-294-142

-64

-304-176

-74

-8,194-4,978

-12,900

-1,380-1,004-3,076

-2,089-1,390-3,443

-2,579-1,374-3,520

-2,707-1,532-3,502

-3,284-1,543-3,869

-2,400-1,499-3,688

232425

-94-1,196

-36

-19-287

-9

-19-308

-9

-37-340

-9

-32-295

-17

-20-331

-8

-34-363

-15

-256-8,299

-821

-56-2,001

-204

-59-2,122

-206

-83-2,262

-208

-64-2,255

-210

-60-2,418

-209

-63-2,525

-211

262728

-2,054-2,040

-533-1,065

-442-14

-478-475-126-247-102

-3

-500-497-123-265-109

-3

-328-324

81-279-126

-4

-776-772-359-286-127

-4

-1,170-1,167

-732-330-105

-3

-1,177-1,174

-725-352

-97-3

-29,040-28,290

-64-6,510

-21,716-750

-7,093-6,938

-34-1,518-5,386

-155

-7,040-6,910

103-1,640-5,373

-130

-7,652-7,414

-144-1,747-5,523

-238

-7,894-7,656

-210-1,793-5,653

-238

-8,666-8,505

-500-2,032-5,973

-161

-9,081-8,945

-382-2,225-6,338

-136

293031323334

-131 -38 -22 -21 -52 -53 -60 -31,705-16,351

-8,248-4,496

-7,464-3,913

-7,350-3,369

-10,706-6,526

-7,620-3,795

-7,957-3,555

3536

-56-75

-14-24

-14-8

-15-6

-15-37

-16-37

-16-44

-546-14,808

-136-3,616

-137-3,414

-139-3,842

-140-4,040

-143-3,682

-142-4,260

3738

-28 -7 -7 -7 -7 -7 -8 -2,565 -1,447 -696 -195 -255 -197 -216 39

-19,215 -3,501 -4,656 -7,304 -4,858 2,011 1,488 -39,512 17,176 -17,642 -20,735 -16,109 8,059 -2,074 40414?434445

-1 -1 510 501 363 -285 227 53 480 46-5,413

5,988-65

-1,111 -1,123 -1,377 -253 -271 -113 471,697 1,470 1,099 542 338 603 48

-1 -1 -85 16 -7 -62 -14 -10 49-19,214

-3,882-3,787-9,104-2,441

-3,501-687

-1,7271,348

-2,435

-4,656-1,255

664-3,877

-188

-7,303-1,115-2,948-3,079

-161

-4,858-828-206

-2,266-1,558

2,011-1,394-1,703

3,2351,873

1,4881,167

-1,1551,329

147

-40,022-16,016-12,106

-738-11,162

16,675-1,688

4,5972,212

11,554

-18,005-4,518-5,337-1,506-6,644

-20,450-4,631

-12,452666

-4,033

-16,336-7,811

5,965-670

-13,820

8,006-7,310

7,208-1,93210,040

-2,554-9,356

3,653332

2,817

5051525354

13,133 6,489 3,433 9,632 -3,465 3,319 -3,911 181,146 39,409 49,640 54,191 44,775 21,986 34,609 55(,8)Hn(18)23(18,(18)(18)

4,382(,8)

-1,650

n(18)(18)(18)11

(18)(18)(18)

-1,430(18)

650

(18)(18)n(18)19

(18)(18)(18)

3,083(18,

-543

(18)(18)(1S)(18)

2(18)(1S)(18)

2,716H

1,036

(18)(18)(18)(18)

-16n(18)(18)

197(18)

1,101

(18)(18)(18)(18)43(18)(18)(18)

2,907(18)

591

(18)(18)(18)n

8(18)(18)

n1,008

(18)-2,567

n(18)(18)(18)

-80(18)(18)(18)

-318n

44,770

(18)(18)(18)(18)

-150n(18)(18)

-322(18)

14,190

(18)(18)n(18)

-99(18)(18)(,8)

-431(18)

7,779

(18)n(18)n

398(18)(18)(18)

-125(18)

7,064

(18)(18)(,8)n44(18)(18)(18)

1,884(18)

13,009

(18)(18)(18)(18)

145(18)H(18)

-603(18)

19,890

n(18)(18)(18)16

(18)n(18)

1,667n

9,214

5657585960 61 6263646566 67

1,480 18 8,898

-156 18 7,414

-79 18 953

846 '8 5,032

-478 18 -4,269

^10018178

-54 18 -2,306

-348 18137,122

-2,611 18 28,302

1,102 18 41,289

-404 18 47,258

2,156 18 27,682

268 18 2,286

939 18 22,773

6869

-6,179 -5,986 -2,382 -5,892 5,289 -8,576 -727 116,933 8,848 36,939 32,683 35,698 47,114 55,843 70

6,3002,6958,9953,425-131

12,289

1,557844

2,401642-38

3,005

1,876693

2,5691,065

-223,612

1,524664

2,1881,404

-213,571

1,465647

2,112981-52

3,041

1,576843

2,419887-53

3,253

1,657679

2,336882-60

3,158

-246,24114,947

-231,2946,997

-31,705-256,002

-59,9093,200

-56,709971

-8,248-63,986

-67,7494,502

-63,2472,470

-7,464-68,241

-63,6332,806

-60,8272,233

-7,350-65,944

-59,8614,000

-55,8612,458

-10,706-64,109

-72,8801,476

-71,4042,062

-7,620-76,962

-87,5904,458

-83,1322,927

-7,957-88,162

717273747576


January 2005


Table 11. U.S. International Transactions, by Area[M illions of dollars]


International organizations and unallocated1*

20032003 2004

39

Current accountExports o f goods and services and incom e rec e ip ts .......................

Exports of goods and services..............................................................Goods, balance of payments basis2.................................................Services3..............................................................................................

Transfers under U.S. military agency sales contracts4..............Travel................................................................................................Passenger fa res.......Other transportation.Royalties and license fees5...........................................................Other private services5...................................................................U.S. Government miscellaneous services...................................

Income receipts.......................................................Income receipts on U.S.-owned assets abroad...............................

Direct investment receipts............................Other private receipts....................................U.S. Government receipts.............................................................

Compensation of employees.............................................................Im ports o f goods and services and income paym ents ....................

Imports of goods and services..............................................................Goods, balance of payments basis2.................................................Services3..............................................................................................

Direct defense expenditures..........................................................Travel.........................Passenger fa re s......Other transportation.......................................................................Royalties and license fees5.............Other private services5.....................U.S. Government miscellaneous services...................................

Income payments....................................................................................Income payments on foreign-owned assets in the United States..

Direct investment payments.Other private payments........U.S. Government payments.

Compensation of employees....Unilateral current transfers, n e t .............................................................

U.S. Government grants4 .........................U.S. Government pensions and other transfers...................................Private remittances and other transfers6.

Capital and financial account Capital account

Capital account transactions, net.Financial account

U.S.-owned assets abroad, net (increase/financial outflow ( - ) ) .............................U.S. official reserve assets, ne t.....................................................................................

Gold7..............................Special drawing rights..Reserve position in the International Monetary Fund.............................................Foreign currencies.......................................................................................................

U.S. Government assets, other than official reserve assets, netU.S. credits and other long-term assets...................................Repayments on U.S. credits and other long-term assets8....U.S. foreign currency holdings and U.S. short-term assets, net...........................

U.S. private assets, net...................................................................................................Direct investment.........................................................................................................Foreign securities........................................................................................................U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concernsU.S. claims reported by U.S. banks, not included elsewhere...............................

Foreign-owned assets in the United States, net (increase/financial in flow (+)).Foreign official assets in the United States, n e t..........................................................

U.S. Government securities..................U.S. Treasury securities9..................Other10...............................................

Other U.S. Government liabilities11..........................................................................U.S. liabilities reported by U.S. banks, not included elsewhere............................Other foreign official assets12.....................................................

Other foreign assets in the United States, net..............................Direct investment..........................................................................U.S. Treasury securities..............................................................................................U.S. securities other than U.S. Treasury securities................................................U.S. currency................................................................................................................U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns. U.S. liabilities reported by U.S. banks, not included elsewhere............................

Statistical discrepancy (sum of above item s w ith sign reversed).........................Memoranda:Balance on goods (lines 3 and 20)....................................................................................Balance on services (lines 4 and 2 1 )................................................................................Balance on goods and services (lines 2 and 19).............................................................Balance on income (lines 12 and 29)..........Unilateral current transfers, net (line 3 5 )....Balance on current account (lines 1,18, and 35 or lines 73,74, and 75)13................

38,3435,952

5,952

7072,5372,708

32,39130,55121,914

8,223414

1,840-17,121-3,639

-3,639

-2,560-969-106

-4-13,482-13,482-10,118-3,196

-168

-7,581-1,227-1,531-4,823

-21,4182,095

6011,494

-1,064-1,064

-22,449-21,914

-588-962

23,648211

211

23,43710,118

n-996

16,640 -22

18-2,303-15,871

2.3132.313

18,909 -7,581 13,641

9,3531,468

1,468

175621672

7,8857,4525,4401,909

103433

-4,307-970

-970

-714-230

-25-1

-3,337-3,337-2,513

-777-47

-1,741-295-274

-1,172

-5,871-16

-102

-261-261

-5,594-5,440

-86

-687,085

25

25

7,0602,513

(18)-4271,458

18 3,516 -4,519

498498

4,548-1,741

3,305

9,6371,468

174625669

8,1697,7005,5422,061

97469

-4,354-948

-948

-672-247

-28-1

-3,406-3,406-2,547

-819-40

-1,857-476-231

-1,150

-7,518-480

-97-383

-295-295

-6,743-5,542

-46-2

-1,1535,535

3

5,5322,547

(18)-494

2,768

18 711 -1,443

520520

4,763-1,857

3,426

9,8941,541

1,541

178692671

8,3537,8645,6192,148

97489

-4,333-899

-899

-602-267

-29-1

-3,434-3,434-2,580

-823-31

-2,463-309-884

-1,270

-2,5212,338

-972,435

-245-245

-4,614-5,619

-4722

1,4755,212

15

5,1972,580

(18)128

7,487

8-4,998 -5,789

642642

4,919-2,4633,098

10,0481,521

1,521

192637692

8,5278,0745,6722,302

100453

-4,638-1,129

-1,129

-859-241

-28-1

-3,509-3,509-2,611

-869-29

-1,859-85

-403-1,371

-6,566715

-100815

-247-247

-7,034-5,672

-94-1

-1,267998

2

2,611(18)

286-1,800

18-101 2,017

392392

5,018-1,859

3,551

10,3201,615

1,615

197653765

8,7058,2675,7012,476

90438

-4,701-1,113

-1,113

-825-258

-29-1

-3,588-3,588-2,642

-915-31

-1,819-164-203

-1,452

-1,6801,255

-901,345

-245-245

-2,690-5,701

-111

3,12210,195

10,1952,642

5408,754

8-1,741 -12,315

502502

5,117-1,819

3,800

10,4961,730

1,730

262666802

8,7668,2895,7052,486

98477

-5,765-2,111

-2,111

-1,023-1,057

-30-1

-3,654-3,654-2,672

-949-33

-1,916-95

-361-1,460

-6,885578

676

-741-741

-6,722-5,705

15

-1,0323,143

101

101

3,0422,672

4962,560

-2,686927

-381-3815,112

-1,9162,815



January 2005

62 U.S. International Transactions April 2005


Europe European Union14

Line (Credits +; debits - ) 1 20042003 2004 p 2003 2004 p

I II III' IV p

Current account1 Exports of goods and services and income receipts............................................................................................ 422,230 487,651 114,985 121,279 119,800 131,587 363,531 424,900? Exports of goods and services........................................................................................................................ 289,781 322 787 77,251

46,35880,30347,807

79,45844,754

85,77550,428

251,837147,391

283,203167,6363 Goods, balance of payments basis2................................................................................................................... 168,220 189,347

4 Services3............................................................................................................................................................. 121,561 133,440 30,893 32,496 34,704 35,347 104,446 115,567b Transfers under U.S. military agency sales contracts4................................................................................... 3,921 3,762 1,066 969 879 848 3,053 2,5616 Travel................. 21,976 25,469 5,158 6,400 7,510 6,401 19,124 23,075/ Passenger fares. 5,699 6,900 1,374 1,673 2,086 1,767 5,392 6,4518 Other transportation......................................................................................................................................... 10,754 12,576 2,882 3,118 3,329 3,247 9,245 11,0879 Royalties and license fees5............................................................................................................................ 23,268 24,993 5,850 6,009 6,081 7,053 19,844 21,271

10 Other private services5................................................................................................................................... 55,768 59,590 14,526 14,288 14,781 15,995 47,661 51,01911 U.S. Government miscellaneous services....................................................................................................... 175 150 37 39 38 36 127 10312 Income receipts........................................................................................................................................................ 132,449 164,864 37,734 40,976 40,342 45,812 111,694 141,69713 Income receipts on U.S.-owned assets abroad................................................................................................... 132,069 164,469 37,638 40,878 40,242 45,711 111,418 141,38914 Direct investment receipts.................... 82,282 101,465 24,299 26,294 23,753 27,119 67,084 84,7901b Other private receipts........................... 48,491 61,767 12,953 14,428 16,115 18,271 43,550 55,8021b U.S. Government receipts.................... 1,296 1,237 386 156 374 321 784 7971/ Compensation of employees................................................................................................................................ 380 395 96 98 100 101 276 30818 Imports of goods and services and income payments......................................................................................... -531,836 -620,450 -137,722 -157,917 -156,338 -168,473 -456,995 -540,75619 Imports of goods and services................................................................................................................................ -398,356 -447,277 -102,423 -114,069 -112,047 -118,738 -341,395 -387,58520 Goods, balance of payments basis2................................................................................................................... -284,679 -321,699 -74,766 -81,344 -78,488 -87,101 -245,002 -278,90621 Services3.......................... -113,677 -125,578 -27,657 -32,725 -33,559 -31,637 -96,393 -108,67922 Direct defense expenditures............................................................................................................................. -11,140 -11,819 -2,963 -2,909 -3,047 -2,900 -9,551 -10,43523 Travel.............................. -19,923 -22,108 -3,868 -7,056 -6,754 -4,430 -17,160 -19,96824 Passenger fares............ -11,063 -11,564 -2,303 -3,221 -3,457 -2,583 -10,046 -10,8122b Other transportation...... -17,030 -19,969 -4,573 -4,887 -5,071 -5,438 -13,893 -17,17726 Royalties and license fees5............................................................................................................................. -11,114 -12,377 -2,676 -3,004 -3,227 -3,470 -8,549 -9,4132/ Other private services5........................ -42,181 -46,455 -10,957 -11,330 -11,675 -12,493 -36,203 -39,83128 U.S. Government miscellaneous services....................................................................................................... -1,226 -1,286 -317 -318 -328 -323 -991 -1,04329 Income payments.......................................... -133,480 -173,173 -35,299 -43,848 -44,291 -49,735 -115,600 -153,17130 Income payments on foreign-owned assets in the United States....................................................................... -133,029 -172,713 -35,173 -43,742 -44,189 -49,609 -115,274 -152,82031 Direct investment payments............................................................................................................................ -45,461 -66,533 -12,744 -18,269 -17,725 -17,795 -37,536 -58,75432 Other private payments.. -66,361 -84,739 -17,407 -20,233 -21,045 -26,054 -60,560 -76,85733 U.S. Government payments............................................................................................................................ -21,207 -21,441 -5,022 -5,240 -5,419 -5,760 -17,178 -17,20934 Compensation of employees............................................................................................................................... -451 -460 -126 -106 -102 -126 -326 -35135 Unilateral current transfers, net -1,759 -1,514 -733 -528 703 -956 667 4453b U.S. Government grants4........................................................................................................................................ -2,301 -2,181 -612 -485 -493 -591 -51 -7737 U.S. Government pensions and other transfers...................................................................................................... -1,672 -1,784 -435 -415 -425 -509 -1,373 -1,46338 Private remittances and other transfers6................................................................................................................

Capital and financial account Capital account

2,214 2,451 314 372 1,621 144 2,091 1,985

39 Capital account transactions, net............................................................................................................................Financial account

-518 -578 -144 -140 -152 -142 -210 -297

40 U.S.-owned assets abroad, net (increase/financial outflow (-))........................................................................... -157,026 -426,154 -208,240 -69,099 -54,174 -94,641 -182,044 -394,45741 U.S. official reserve assets, net................................................................................................................................ -572 -621 -158 -132 -148 -183 -386 -4654? Gold 7...................................................................................................................................................................43 Special drawing rights...........................................44 Reserve position in the International Monetary Fund.........................................................................................

Foreign currencies.................................................45 -572 -621 -158 -132 -148 -183 -386 -46546 U.S. Government assets, other than official reserve assets, net............................................................................ 719 1,284 648 95 312 229 505 55141 U.S. credits and other long-term assets.............................................................................................................. -523 -190 -25 -24 -63 -7848 Repayments on U.S. credits and other long-term assets8 1,255 1,425 685 84 382 274 480 54849 U.S. foreign currency holdings and U.S. short-term assets, net......................................................................... -13 49 -12 35 -7 33 25 350 U.S. private assets, net.......................................................... -157,173 -426,817 -208,730 -69,062 -54,338 -94,687 -182,163 -394,543b1 Direct investment............................................................... -99,191 -92,384 -22,086 -36,057 -13,729 -20,512 -81,437 -83,329b2 Foreign securities................................................................................................................................................. -14,895 -105,219 -17,101 -28,791 -22,186 -37,141 -14,536 -104,543b3 U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns................................................... -40,736 -29,567 -45,181 17,670 21,517 -23,573 -34,887 -49,972b4 U.S. claims reported by U.S. banks, not included elsewhere.................. -2,351 -199,647 -124,362 -21,884 -39,940 -13,461 -51,303 -156,69955 Foreign-owned assets in the United States, net (increase/financial inflow (+)) 244,036 549,680 189,622 64,824 147,403 147,831 217,744 463,86756 Foreign official assets in the United States, net........................................... 5,118 43,089 4,549 22,534 4,545 11,461 n nb/ U.S. Government securities.................................................................................................................................. (,7) (") (,7) (,7) C7) (,7) (18) (18)58 U.S. Treasury securities9 (,7) C7) n (17) (17) (17) h (18)b9 Other10.......................... ( ) ( ) (17) (17) C7) C7) H H60 Other U.S. Government liabilities11..................................................................................................................... -635 -491 -80 -277 -93 -41 -951 -57461 U.S. liabilities reported by U.S. banks, not included elsewhere.......................................................................... n C7) C7) C7) (17) H H (18)62 Other foreign official assets 12............................................................................................................................. n n n n (") n (18) n63 Other foreign assets in the United States, net......................................................................................................... 238,918 506,591 185,073 42,290 142,858 136,370 (18) (18)b4 Direct investment............................ 6,572 52,719 153 5,924 28,916 17,726 11,516 48,219bb U.S. Treasury securities................ 17,619 80,157 45,944 -2,438 3,704 32,947 H (,8)66 U.S. securities other than U.S. Treasury securities............................................................................................. 124,130 185,728 13,310 35,222 54,718 82,478 107,652 168,2936/ U.S. currency........................................................................................................................................................68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns................................................ 88,118 66,160 35,489 -12,544 15,147 28,068 84,493 61,524by U.S. liabilities reported by U.S. banks, not included elsewhere.......................................................................... 2,479 121,827 90,177 16,126 40,373 -24,849 1815,034 18 186,40570 Statistical discrepancy (sum of above items with sign reversed).......................................................................

Memoranda:24,873 11,365 42,232 41,581 -57,242 -15,206 57,307 46,298

71 Balance on goods (lines 3 and 20).............................................................................................................................. -116,459 -132,352 -28,408 -33,537 -33,734 -36,673 -97,611 -111,270/2 Balance on services (lines 4 and 21)................ 7,884 7,862 3,236 -229 1,145 3,710 8,053 6,88813 Balance on goods and services (lines 2 and 19) -108,575 -124,490 -25,172 -33,766 -32,589 -32,963 -89,558 -104,38214 Balance on income (lines 12 and 29)................ -1,031 -8,309 2,435 -2,872 -3,949 -3,923 -3,906 -11,474lb Unilateral current transfers, net (line 35)..................................................................................................................... -1,759 -1,514 -733 -528 703 -956 667 44576 Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13.............................................................. -111,365 -134,313 -23,470 -37,166 -35,835 -37,842 -92,797 -115,411

See the footnotes on pages 67-68 .


April 2005

April 2005 S u r v e y o f C u r r e n t B u s in e s s 63


European U nion14 United Kingdom Canada

Line20042003 2004 p

20042003 2004 p

2004

1 II III' IV p I II l l l r IV p I II III' IV p

98,826 105,801 105,162 115,111 121,483 101,390 27,393 29,843 30,718 33,529 221,396 249,893 59,564 64,141 61,235 64,953 167,198 70,516 70,281 75,208 74,235 67,806 17,823 18,120 18,610 19,682 196,914 219,797 52,775 56,312 53,690 57,020 240,830 42,229 40,014 44,563 35,090 32,869 8,898 8,811 8,465 8,916 169,905 190,215 45,016 48,787 46,586 49,826 326,368 28,287 30,267 30,645 39,145 34,937 8,925 9,309 10,145 10,766 27,009 29,582 7,759 7,525 7,104 7,194 4

790 709 538 524 490 388 92 110 145 143 200 135 60 30 23 22 54,510 5,790 6,962 5,813 9,735 8,579 1,989 2,370 2,829 2,547 6,844 7,924 2,288 2,260 1,723 1,653 61,307 1,544 1,923 1,677 3,098 2,680 653 735 853 857 2,114 2,419 713 560 576 570 72,489 2,703 3,007 2,888 2,773 2,410 626 684 750 713 2,614 2,885 679 741 748 717 84,949 5,120 5,175 6,027 4,409 4,150 983 987 1,065 1,374 3,389 3,564 868 844 893 959 9

12,299 12,393 12,635 13,692 18,619 16,714 4,578 4,416 4,497 5,128 11,764 12,570 3,131 3,068 3,118 3,253 1024 28 27 24 21 16 4 7 6 4 84 85 20 22 23 20 11

31,628 35,285 34,881 39,903 47,248 33,584 9,570 11,723 12,108 13,847 24,482 30,096 6,789 7,829 7,545 7,933 1231,559 35,207 34,801 39,822 47,154 33,495 9,547 11,700 12,084 13,823 24,384 29,984 6,761 7,803 7,517 7,903 1319,671 21,957 20,087 23,075 19,923 13,970 4,161 5,427 4,903 5,432 17,430 22,175 5,040 5,874 5,533 5,728 1411,679 13,111 14,526 16,486 27,158 19,445 5,386 6,273 7,181 8,318 6,954 7,809 1,721 1,929 1,984 2,175 15

209 139 188 261 73 80 73 1669 78 80 81 94 89 23 23 24 24 98 112 28 26 28 30 17

-118,021 -137,794 -137,226 -147,715 -152,591 -134,248 -34,637 -39,248 -36,975 -41,731 -253,269 -293,652 -68,073 -75,193 -74,521 -75,865 18-87,962 -98,926 -97,746 -102,951 -80,267 -74,027 -18,866 -20,516 -19,505 -21,380 -243,670 -278,916 -65,093 -71,661 -70,685 -71,477 19-64,341 -70,658 -68,356 -75,551 -46,134 -42,574 -10,889 -11,963 -10,677 -12,605 -224,249 -258,682 -60,998 -66,377 -64,318 -66,989 20-23,621 -28,268 -29,390 -27,400 -34,133 -31,453 -7,977 -8,553 -8,828 -8,775 -19,421 -20,234 -4,095 -5,284 -6,367 -4,488 21

-2,611 -2,581 -2,693 -2,550 -990 -829 -282 -245 -233 -230 -95 -124 -26 -37 -31 -30 22-3,461 -6,269 -6,286 -3,952 -6,095 -5,446 -1,213 -1,660 -1,863 -1,359 -6,376 -7,166 -1,040 -1,789 -3,146 -1,191 23-2,126 -2,991 -3,251 -2,444 -3,846 -3,981 -859 -1,006 -985 -996 -406 -443 -75 -133 -134 -101 24-3,775 -4,126 -4,473 -4,803 -3,644 -3,189 -855 -873 -919 -997 -3,634 -4,040 -993 -1,040 -994 -1,013 25-2,009 -2,341 -2,414 -2,649 -1,691 -1,662 -407 -443 -396 -445 -810 -812 -192 -219 -194 -207 26-9,381 -9,702 -10,007 -10,741 -17,790 -16,274 -4,343 -4,307 -4,412 -4,728 -7,920 -7,420 -1,722 -2,011 -1,804 -1,883 27

-258 -258 -266 -261 -77 -72 -18 -19 -20 -20 -180 -229 -47 -55 -64 -63 28-30,059 -38,868 -39,480 -44,764 -72,324 -60,221 -15,771 -18,732 -17,470 -20,351 -9,599 -14,736 -2,980 -3,532 -3,836 -4,388 29-29,971 -38,783 -39,396 -44,670 -72,244 -60,143 -15,750 -18,713 -17,451 -20,330 -9,253 -14,336 -2,884 -3,443 -3,735 -4,274 30-10,183 -16,041 -15,930 -16,600 -20,074 -18,882 -4,976 -5,986 -4,341 -4,771 -3,528 -6,736 -1,264 -1,663 -1,912 -1,897 31-15,800 -18,463 -19,100 -23,494 -47,030 -37,536 -9,764 -11,489 -11,766 -14,011 -4,678 -6,011 -1,255 -1,376 -1,409 -1,971 32

-3,988 -4,279 -4,366 -4,576 -5,140 -3,725 -1,010 -1,238 -1,344 -1,548 -1,047 -1,589 -365 -404 -414 -406 33-88 -85 -84 -94 -80 -78 -21 -19 -19 -21 -346 -400 -96 -89 -101 -114 34-66 -23 720 -186 1,857 1,999 447 449 730 231 -190 -193 -128 -82 64 -47 35-50 -3 -22 -2 -5 -5 36

-357 -370 -368 -368 -246 -243 '-^62 -62 -62 -60 -553 -586 -141 -142 -142 -161 37341 350 1,110 184 2,103 2,242 509 511 792 291 363 398 13 60 206 119 38

-60 -71 -86 -80 -34 -34 -9 -8 -9 -8 102 92 19 26 29 18 39

-172,034 -67,970 -60,521 -93,932 -269,433 -124,830 -101,487 -44,116 -68,087 -55,743 5,171 -38,709 -7,194 -15,338 -3,360 -12,817 40-118 -91 -111 -145 41

4?4344

-118 -91 -111 -145 45328 13 78 132 75 54 -A -7 -4 90 46

47335 28 85 100 72 68 72 48-7 -15 -7 32 3 -14 -4 -7 -4 18 49

-172,244 -67,892 -60,488 -93,919 -269,508 -124,884 -101,483 -44,109 -68,083 -55,833 5,171 -38,709 -7,194 -15,338 -3,360 -12,817 50-19,638 -34,036 -11,636 -18,019 -23,212 -30,456 -260 -16,201 -2,205 -4,546 -13,826 -22,025 -5,747 -5,058 -5,511 -5,709 51-17,502 -28,223 -21,494 -37,324 -94,069 -23,032 -14,089 -27,050 -20,496 -32,434 7,648 -15,997 1,385 -12,506 -1,110 -3,766 52-45,296 20,292 1,781 -26,749 -39,947 -30,162 -31,853 11,166 -110 -19,150 -601 -2,759 -1,801 3,254 -3,690 -522 53-89,808 -25,925 -29,139 -11,827 -112,280 -41,234 -55,281 -12,024 -45,272 297 11,950 2,072 -1,031 -1,028 6,951 -2,820 54155,563 31,197 130,848 146,259 372,565 182,500 141,464 12,672 113,169 105,260 35,399 52,221 11,182 17,127 12,344 11,568 55

(18) (18) n (18) (18) n (18) (18) (18) (18) -1,105 933 892 -114 968 -813 56(18) (18) (18) (18) (18) (18) (18) (18) (18) (18) n (17) (17) (17) (17) C7) 57H (18) (18) (18) (18) (18) (18) (18) (16) (18) (") (1?) (17) (1?) (") (,7) 58(18) (1S) H (18) (18) (18) (18) (18) (18) (18) (17) (") (") (") (17) (17) 59

-331 -213 19 -49 -214 -61 -91 -16 -32 -75 -39 22 -31 23 5 25 60(18) (18) (18) (18) (18) (18) (18) (18) (18) (16) ( " ) ( ) (17) (7) (") H fi1n (18) (18) (18) (18) (18) (18) (18) (' 8) (18) (" ) (17) (") (,7) (,7) n 62(18) (18) (18) (18) (18) (18) (18) n (18) n 36,504 51,288 10,290 17,241 11,376 12,381 63

-3,768 4,873 29,431 17,683 22,662 -1,660 48 1,471 16,624 4,519 9,116 28,601 -726 17,843 6,265 5,219 64(18) (18) (18) (18) (18) (18) (18) (18) (18) (18) n (,7) (17) (17) (") (" ) 65

8,867 31,659 50,488 77,279 135,334 100,980 9,281 23,373 40,067 62,613 13,977 11,200 6,220 -2,115 5,390 1,705 6667

37,221 -19,860 13,208 30,955 65,024 65,782 35,995 -15,794 10,746 34,077 C7) e7) C7) C7) C7) H 6818113,574 1814,738 18 37,702 18 20,391 1817,459 18149,759 18 96,231 18 3,638 18 45,764 18 4,126 2,716 -5,235 -4,148 928 -320 -1,695 69

35,792 68,860 -38,897 -19,457 -73,847 -26,777 -33,171 40,408 -39,546 -41,538 -8,609 30,348 4,630 9,319 4,209 12,190 70

-23,511 -28,429 -28,342 -30,988 -11,044 -9,705 -1,991 -3,152 -2,212 -3,689 -54,344 -68,467 -15,982 -17,590 -17,732 -17,163 712,747 19 877 3,245 5,012 3,484 948 756 1,317 1,991 7,588 9,348 3,664 2,241 737 2,706 72

-20,764 -28,410 -27,465 -27,743 -6,032 -6,221 -1,043 -2,396 -895 -1,698 -46,756 -59,119 -12,318 -15,349 -16,995 -14,457 731,569 -3,583 -4,599 -4,861 -25,076 -26,637 -6,201 -7,009 -5,362 -6,504 14,883 15,360 3,809 4,297 3,709 3,545 74

-66 -23 720 -186 1,857 1,999 447 449 730 231 -190 -193 -128 -82 64 -47 75-19,261 -32,016 -31,344 -32,790 -29,251 -30,859 -6,797 -8,956 -5,527 -7,971 -32,063 -43,952 -8,637 -11,134 -13,222 -10,959 76


April 2005

64 U.S. International Transactions April 2005

Table 11. U.S. International[M illions

Latin America and Other Western Hemisphere Mexico'5

Line (Credits +; debits - ) 1 20042003 2004 p 2003 2004 p

I II III' IV p

Current account1 Exports of goods and services and income receipts............................................................................................ 251,612 296,214 68,161 72,008 75,468 80,577 121,545 139,9542 Exports of goods and services.......................................................................................................................................... 203,065 231,051 53,793 56,918 58,916 61,424 113,853 129,1273 Goods, balance of payments basis 2............................................................................................................................ 148,802 171,761 40,531 42,606 42,915 45,709 97,221 110,5864 Services3......................................................................................................................................................................... 54,263 59,290 13,262 14,312 16,001 15,715 16,632 18,5415 Transfers under U.S. military agency sales contracts4.......................................................................................... 415 398 114 118 84 82 7 76 Travel................... 17,088 19,083 3,820 4,605 5,514 5,144 5,861 6,5127 Passenger fa res. 4,275 4,972 1,046 1,215 1,338 1,373 1,158 1,4238 Other transportation 3,623 4,304 959 1,071 1,159 1,115 882 1,0589 Royalties and license fees 5 3,964 3,842 860 941 982 1,059 1,224 1,265

10 Other private services5............................................................................................................................................. 24,722 26,516 6,418 6,319 6,879 6,900 7,481 8,25711 U.S. Government miscellaneous services.............................................................................................................. 176 175 45 43 45 42 19 1912 Income receipts................................................................................................................................................................... 48,547 65,163 14,368 15,090 16,552 19,153 7,692 10,82713 Income receipts on U.S.-owned assets abioad 48,343 64,955 14,316 15,038 16,500 19,101 7,666 10,79914 Direct investment receipts...................... 24,671 34,792 8,412 8,508 8,596 9,276 5,764 8,63915 Other private receipts.............................. 23,347 29,882 5,860 6,440 7,855 9,727 1,884 2,14416 U.S. Government receipts...................... 325 281 44 90 49 98 18 1617 Compensation of employees......................................................................................................................................... 204 208 52 52 52 52 26 2818 Imports of goods and services and income payments......................................................................................... -307,067 -364,618 -81,57

7864_2005-2009

Documents

income receipts

government receipts

private receipts

income payments

direct investment receipts

imports of goods

private services5

balance of payments