7864_2005-2009
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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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
January 2005
-
70 U .S . International T ransaction s January 2005
Table 11. U.S. International[Millions
Line (Credits +; debits - ) 1
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
Capital and financial accountCapital account
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
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 u rrent B u sin ess 71
Transactions, by AreaContinuesof dollars]
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
January 2005
-
72 U .S . International T ransaction s January 2005
Table 11. U.S. International[Millions
Line (Credits +; debits - ) 1
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
Capital and financial accountCapital account
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
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 u rrent B usin ess 73
Transactions, by AreaContinuesof dollars]
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
January 2005
-
74 U .S . International T ransaction s January 2005
Table 11. U.S. International Transactions, by Area[M illions of dollars]
Line (Credits +; debits - ) 1
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
See the footnotes on pages 75-76.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
January 2005
-
62 U.S. International Transactions April 2005
Table 11. U.S. International[Millions
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 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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
Transactions, by AreaContinuesof dollars]
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
April 2005
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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
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