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The tables in this release are available in an XLS spreadsheet and the entire release is available in PDF format.
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Douglas B. Weinberg: (202) 606-9590 (Data) BEA 01-18
Christopher L. Bach: 606-9545 (Revisions)
Recorded Message: 606-5362
U.S. International Transactions: First Quarter 2001
The estimates of the international transactions accounts released today have been revised to
reflect the incorporation of improved estimating methodologies and newly available source data. The
July Survey of Current Business will contain detailed international accounts tables and an article
describing the revisions. A summary of the revisions is provided in the section on "Revisions" on
page 5 of the release.
Current Account
The U.S. current-account deficit--the combined balances on trade in goods and services, income,
and net unilateral current transfers--decreased to $109.6 billion in the first quarter of 2001 from
$116.3 billion (revised) in the fourth quarter of 2000, according to preliminary estimates of the U.S.
Bureau of Economic Analysis. Decreases in the deficit on goods and services and in net unilateral
current transfers more than offset a shift from a small surplus to a deficit on income.
Goods and services
The deficit on goods and services decreased to $95.0 billion in the first quarter from $100.3
billion in the fourth.
Goods
The deficit on goods decreased to $112.5 billion in the first quarter from $118.5 billion in
the fourth.
Goods exports decreased to $194.9 billion from $196.2 billion. An increase in agricultural
exports was more than offset by a decrease in nonagricultural exports. Within nonagricultural
exports, decreases in automotive products and in industrial supplies and materials more than offset
increases in consumer goods and in capital goods.
Goods imports decreased to $307.5 billion from $314.8 billion. Both petroleum and
nonpetroleum imports decreased. The decrease in petroleum imports was attributable to a decline
in petroleum prices; the volume of petroleum imports increased. Within nonpetroleum
imports, the largest decreases were in capital goods and in automotive products.
Services
The surplus on services decreased to $17.5 billion in the first quarter from $18.2 billion
in the fourth.
Services receipts increased to $74.4 billion from $73.9 billion. The increase was more than
accounted for by increases in "other" private services (such as financial services and business,
professional, and technical services) and in royalties and license fees.
Services payments increased to $56.9 billion from $55.7 billion. The increase was more than
accounted for by increases in "other" private services, royalties and license fees, and travel.
Income
The balance on income shifted to a deficit of $3.1 billion in the first quarter from a surplus of $0.6
billion in the fourth.
Investment income
Income receipts on U.S.-owned assets abroad decreased to $86.0 billion from $91.9 billion, largely
as a result of a decrease in "other" private receipts. Direct investment receipts also decreased,
and U.S. Government receipts increased slightly.
Income payments on foreign-owned assets in the United States decreased to $87.7 billion from
$89.9 billion, mostly as a result of a decrease in "other" private payments. U.S. Government
payments also decreased, and direct investment payments increased.
Compensation of employees
Receipts for compensation of U.S. workers abroad were unchanged at $0.6 billion. Payments for
compensation of foreign workers in the United States edged up to $2.0 billion from $1.9 billion.
Unilateral current transfers
Unilateral current transfers were net outflows of $11.5 billion in the first quarter, down from net
outflows of $16.7 billion in the fourth. The decrease was largely accounted for by a decrease in U.S.
Government grants, which were boosted in the fourth quarter by grants to Israel.
Capital and Financial Account
Capital Account
Capital account transactions were net inflows of $0.2 billion in the first quarter, unchanged from
the fourth.
Financial Account
Net recorded financial inflows--net acquisitions by foreign residents of assets in the United States
less net acquisitions by U.S. residents of assets abroad--were $80.6 billion in the first quarter,
compared with $113.8 billion (revised) in the fourth. Financial inflows for foreign-owned assets in
the United States decreased more than financial outflows for U.S.-owned assets abroad.
U.S.-owned assets abroad
U.S.-owned assets abroad increased $156.9 billion in the first quarter, following an increase of
$181.5 billion in the fourth.
U.S. claims on foreigners reported by U.S. banks increased $90.0 billion in the first quarter,
following an increase of $71.6 billion in the fourth. The first-quarter increase was attributable to
continued strong lending by U.S. banks to foreign banks and a surge in lending by U.S. brokers and
dealers.
Net U.S. purchases of foreign securities were $28.5 billion in the first quarter, up from $24.6
billion in the fourth. Net U.S. purchases of foreign stocks were $25.5 billion, up from $22.4 billion;
the increase was more than accounted for by a shift to net U.S. purchases from Asia from net U.S.
sales. Net U.S. purchases of foreign bonds were $3.0 billion, up from $2.3 billion; the increase was
more than accounted for by a shift to net U.S. purchases of outstanding bonds from Western Europe
from net U.S. sales.
Net financial outflows for U.S. direct investment abroad were $33.0 billion in the first quarter,
down from $39.1 billion in the fourth. The decrease was largely accounted for by a shift to net
inflows for intercompany debt from net outflows. Both net equity capital outflows and reinvested
earnings decreased.
U.S. official reserve assets decreased $0.2 billion in the first quarter, in contrast to an increase of
$1.4 billion in the fourth.
Foreign-owned assets in the United States
Foreign-owned assets in the United States increased $237.5 billion in the first quarter, following
an increase of $295.3 billion in the fourth.
U.S. liabilities to foreigners reported by U.S. banks, excluding U.S. Treasury securities, decreased
$0.5 billion in the first quarter, in contrast to an increase of $43.4 billion in the fourth. The small
first-quarter decrease was more than accounted for by a reduction in borrowing by U.S.-owned banks
from foreign banks.
Transactions in U.S. Treasury securities shifted to net foreign purchases of $0.5 billion in the first
quarter from net foreign sales of $10.4 billion in the fourth. The shift was more than accounted for by
a shift to net purchases by investors in Western Europe.
Net foreign purchases of U.S. securities other than U.S. Treasury securities were a record $147.1
billion in the first quarter, up from $126.6 billion in the fourth. (The previous record was $136.2
billion in the first quarter of 2000.) Net foreign purchases of U.S. stocks were $41.0 billion, up from
$39.3 billion; the increase occurred despite widespread declines in U.S. stock prices. Net foreign
purchases of U.S. corporate and other bonds were a record $106.1 billion, up from the previous
record $87.4 billion in the fourth quarter of 2000; the increase was largely accounted for by an
increase in net purchases by investors in Western Europe.
Net financial inflows for foreign direct investment in the United States were $41.6 billion in the
first quarter, down from $84.7 billion in the fourth. The decrease was more than accounted for by a
decrease in net equity capital inflows, resulting from a drop in foreign acquisitions of U.S. companies
after a very strong fourth quarter. In contrast, net intercompany debt inflows increased and
reinvested earnings edged higher.
Net U.S. currency shipments to foreigners were $2.3 billion in the first quarter, down from $6.2
billion in the fourth.
Foreign official assets in the United States increased $4.1 billion in the first quarter, in contrast to
a decrease of $3.6 billion in the fourth.
The statistical discrepancy--errors and omissions in recorded transactions--was a positive $28.8
billion in the first quarter, following a positive $2.4 billion in the fourth.
In the first quarter, the U.S. dollar was unchanged on a trade-weighted quarterly average basis
against a group of 7 major currencies.
Revisions
As is customary each June, estimates of U.S. international transactions are revised to incorporate
improved estimating methodologies and newly available source data. This year a number of changes
are introduced for 1989-2000; however, most changes are limited to 1996-2000 and arise mainly from
updated source data. The major changes are summarized below.
- Foreign direct investment in the United States financial flows and
related income payments are revised for 1997-2000 to incorporate the
results of BEA's benchmark survey for 1997 and revised quarterly survey
results for subsequent years. Benchmark and quarterly survey results
are also incorporated into the affiliated components of royalties and
license fees and "other" private services.
- "Other" private income receipts and payments for banks are
revised for 1996-2000 to more accurately reflect current practices in
banking markets, including a decline the use of non- interest earning
compensating balances.
- U.S. nonbank liabilities are revised for 1996-2000 as a result
of the substitution of BIS data on nonbank liabilities to foreign banks
for U.S.-source data. The substitution significantly expands the
coverage of these financial transactions. Related nonbank income
payments are also revised for 1996-2000.
- Net foreign purchases of U.S. securities other than U.S.
Treasury securities are revised for 1999-2000 as a result of a more
complete accounting for large U.S. acquisitions of foreign companies,
especially those acquisitions accomplished by an exchange of shares.
- Goods exports and goods imports are revised for 1989-2000 to
assure more consistency in classification by type of end-use commodity
and to assure more consistency in application of seasonal and
trading-day adjustment factors.
In addition to the above improvements, all estimates have been revised as a result of newly
available or revised quarterly and annual survey results and other source data. Most revisions
attributable to updated source data are for 1997-2000.
Revised estimates for the detailed components of the U.S. international transactions accounts for
1999-2000 are shown in table 1. Revised estimates for the current-account balance and its major
components for 1989-2000 are shown in table 2.
The fourth-quarter 2000 international transactions are revised from previously published
estimates. Revisions reflect both newly available source data for the fourth quarter and changes from
all of the above sources of revision. The current-account deficit was revised to $116.3 billion from
$115.3 billion. The goods deficit was revised to $118.5 billion from $118.3 billion; the services
surplus was revised to $18.2 billion from $19.4 billion; the balance on income was revised to a surplus
of $0.6 billion from a deficit of $0.5 billion; and unilateral current transfers were revised to net
outflows of $16.7 billion from net outflows of $15.9 billion. Net recorded financial inflows were
revised to $113.8 billion from $86.6 billion.
* * *
Release dates for 2001:
Second quarter 2001...................................................September 12, 2001 (Wednesday)
Third quarter 2001....................................................December 12, 2001 (Wednesday)
* * *
BEA's major national, regional, international, and industry estimates, the Survey of Current
Business, and BEA news releases are available on BEA's web site:
<www.bea.doc.gov>
STAT-USA maintains an Internet site that contains BEA estimates, the Survey of Current
Business, and BEA news releases. To subscribe to STAT-USA's World Wide Web system, go to
<www.stat-usa.gov>, or call (202) 482-1986. Subscriptions for single-user unlimited access to
STAT-USA's Internet information are $75.00 for 3 months or $175.00 for 1 year.
Summary BEA estimates are available on recorded messages at the time of public release at the
following telephone numbers:
(202) 606-5362 U.S. international transactions
-5306 Gross domestic product
-5303 Personal income and outlays
Most of BEA's estimates and analyses are published in the Survey of Current Business, BEA's
monthly journal. Subscriptions and single copies of the printed Survey are for sale by the
Superintendent of Documents, U.S. Government Printing Office. Internet: <bookstore.gpo.gov>;
phone: 202-512-1800; fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.
June 21, 2001
Table 1.--U.S. International Transactions
[Millions of dollars, quarters seasonally adjusted]
1999 2000 2001 Change: Amount of
(Credits +, debits -) 1999r 2000r 2000:IV - Revision
Ir IIr IIIr IVr Ir IIr IIIr IVr Ip 2001:I 2000
Current account
1 Exports of goods and services and income receipts............. 1,242,655 1,418,568 296,210 302,880 315,099 328,467 339,645 355,075 361,236 362,617 355,905 -6,712 3,643
2 Exports of goods and services.............................. 957,353 1,065,702 231,317 234,177 241,593 250,265 257,256 265,822 272,497 270,131 269,297 -834 -3,829
3 Goods, balance of payments basis........................ 684,553 772,210 164,716 166,267 173,045 180,525 185,142 191,558 199,273 196,237 194,942 -1,295 -1,094
4 Services................................................ 272,800 293,492 66,601 67,910 68,548 69,740 72,114 74,264 73,224 73,894 74,355 461 -2,735
5 Transfers under U.S. military agency sales contracts. 15,920 14,060 4,217 4,526 3,855 3,322 3,401 3,910 3,329 3,420 3,388 -32 -544
6 Travel............................................... 74,731 82,042 18,101 18,339 18,808 19,483 20,448 20,976 20,226 20,392 20,309 -83 -3,111
7 Passenger fares...................................... 19,785 20,745 4,839 4,864 5,112 4,970 5,013 5,342 5,213 5,177 4,933 -244 -568
8 Other transportation................................. 26,916 30,185 6,469 6,666 6,707 7,074 7,365 7,619 7,593 7,609 7,357 -252 338
9 Royalties and license fees........................... 36,420 38,030 9,137 9,063 9,097 9,122 9,345 9,525 9,538 9,624 9,883 259 75
10 Other private services............................... 98,143 107,568 23,635 24,229 24,730 25,549 26,338 26,679 27,105 27,447 28,257 810 1,075
11 U.S. Government miscellaneous services............... 885 862 203 223 239 220 204 213 220 225 228 3 ....
12 Income receipts............................................ 285,302 352,866 64,893 68,703 73,506 78,202 82,389 89,253 88,739 92,486 86,608 -5,878 7,472
13 Income receipts on U.S.-owned assets abroad............. 283,092 350,525 64,357 68,154 72,947 77,636 81,814 88,670 88,151 91,891 85,994 -5,897 7,473
14 Direct investment receipts........................... 123,718 149,240 27,557 29,994 32,469 33,698 34,734 37,591 37,335 39,581 38,349 -1,232 -219
15 Other private receipts............................... 156,177 197,440 35,889 37,350 39,732 43,206 46,014 49,941 49,971 51,514 46,752 -4,762 7,675
16 U.S. Government receipts............................. 3,197 3,845 911 810 746 732 1,066 1,138 845 796 893 97 17
17 Compensation of employees............................... 2,210 2,341 536 549 559 566 575 583 588 595 614 19 -1
18 Imports of goods and services and income payments............. -1,518,106 -1,809,099 -351,607 -368,662 -391,401 -406,437 -432,624 -450,748 -463,461 -462,268 -454,010 8,258 -12,038
19 Imports of goods and services.............................. -1,219,191 -1,441,441 -284,189 -297,043 -312,728 -325,233 -344,578 -356,606 -369,837 -370,424 -364,312 6,112 -3,430
20 Goods, balance of payments basis........................ -1,029,987 -1,224,417 -238,709 -250,557 -264,777 -275,944 -292,547 -303,229 -313,884 -314,757 -307,462 7,295 -1,645
21 Services................................................ -189,204 -217,024 -45,480 -46,486 -47,951 -49,289 -52,031 -53,377 -55,953 -55,667 -56,850 -1,183 -1,785
22 Direct defense expenditures.......................... -13,334 -13,560 -3,186 -3,306 -3,559 -3,283 -3,262 -3,382 -3,541 -3,375 -3,550 -175 324
23 Travel............................................... -58,865 -64,537 -14,330 -14,553 -14,763 -15,219 -16,399 -16,123 -16,075 -15,940 -16,176 -236 507
24 Passenger fares...................................... -21,315 -24,197 -5,187 -5,242 -5,346 -5,540 -5,805 -6,146 -6,226 -6,020 -5,994 26 -295
25 Other transportation................................. -34,139 -41,058 -7,784 -8,187 -8,952 -9,216 -9,693 -10,097 -10,554 -10,718 -10,527 191 -345
26 Royalties and license fees........................... -12,613 -16,106 -2,946 -3,091 -3,149 -3,428 -3,604 -3,715 -4,535 -4,253 -4,529 -276 225
27 Other private services............................... -46,117 -54,687 -11,357 -11,432 -11,416 -11,913 -12,554 -13,200 -14,298 -14,634 -15,339 -705 -2,201
28 U.S. Government miscellaneous services............... -2,821 -2,879 -690 -675 -766 -690 -714 -714 -724 -727 -735 -8 ....
29 Income payments............................................ -298,915 -367,658 -67,418 -71,619 -78,673 -81,204 -88,046 -94,142 -93,624 -91,844 -89,698 2,146 -8,608
30 Income payments on foreign-owned assets in the U.S...... -291,603 -360,146 -65,654 -69,797 -76,828 -79,323 -86,194 -92,259 -91,771 -89,920 -87,724 2,196 -8,952
31 Direct investment payments........................... -56,674 -68,009 -11,009 -14,249 -16,649 -14,766 -18,369 -19,474 -16,286 -13,878 -15,086 -1,208 -2,326
32 Other private payments............................... -139,798 -184,465 -31,976 -32,393 -36,032 -39,397 -41,751 -45,884 -48,116 -48,714 -45,647 3,067 -6,626
33 U.S. Government payments............................. -95,131 -107,672 -22,669 -23,155 -24,147 -25,160 -26,074 -26,901 -27,369 -27,328 -26,991 337 ....
34 Compensation of employees............................... -7,312 -7,512 -1,764 -1,822 -1,845 -1,881 -1,852 -1,883 -1,853 -1,924 -1,974 -50 344
35 Unilateral current transfers, net............................. -48,913 -54,136 -11,051 -11,596 -11,761 -14,504 -11,924 -12,461 -13,080 -16,673 -11,457 5,216 -895
36 U.S. Government grants..................................... -13,774 -16,821 -2,574 -3,097 -2,847 -5,256 -2,912 -3,232 -3,634 -7,043 -2,299 4,744 -373
37 U.S. Government pensions and other transfers............... -4,406 -4,705 -1,066 -1,074 -1,085 -1,181 -1,168 -1,179 -1,183 -1,177 -1,235 -58 6
38 Private remittances and other transfers.................... -30,733 -32,610 -7,411 -7,425 -7,829 -8,067 -7,844 -8,050 -8,263 -8,453 -7,923 530 -528
June 21, 2001
Table 1.--U.S. International Transactions (Continued)
[Millions of dollars, quarters seasonally adjusted]
1999 2000 2001 Change: Amount of
(Credits +, debits -) 1999r 2000r 2000:IV - Revision
Ir IIr IIIr IVr Ir IIr IIIr IVr Ip 2001:I 2000
Capital and financial account
Capital account
39 Capital account transactions, net....................................... -3,491 705 158 167 173 -3,989 173 173 175 184 174 -10 25
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-)).......... -437,067 -580,952 -43,657 -170,707 -114,931 -107,769 -198,105 -93,573 -107,727 -181,548 -156,937 24,611 -27,603
41 U.S. official reserve assets, net.................................... 8,747 -290 4,068 1,159 1,951 1,569 -554 2,020 -346 -1,410 190 1,600 ....
42 Gold.............................................................. .... .... .... .... .... .... .... .... .... .... .... .... ....
43 Special drawing rights............................................ 10 -722 562 -190 -184 -178 -180 -180 -182 -180 -189 -9 ....
44 Reserve position in the International Monetary Fund............... 5,484 2,308 3 1,413 2,268 1,800 -237 2,328 1,300 -1,083 574 1,657 ....
45 Foreign currencies................................................ 3,253 -1,876 3,503 -64 -133 -53 -137 -128 -1,464 -147 -195 -48 ....
46 U.S. Government assets, other than official reserve assets, net...... 2,751 -944 118 -392 -686 3,711 -127 -572 114 -359 68 427 -229
47 U.S. credits and other long-term assets........................... -6,175 -5,177 -1,314 -2,167 -1,595 -1,099 -1,750 -1,368 -1,050 -1,009 -1,061 -52 -290
48 Repayments on U.S. credits and other long-term assets............. 9,560 4,257 1,554 1,887 1,026 5,093 1,329 855 1,265 808 1,029 221 193
49 U.S. foreign currency holdings and U.S. short-term assets, net.... -634 -24 -122 -112 -117 -283 294 -59 -101 -158 100 258 -132
50 U.S. private assets, net............................................. -448,565 -579,718 -47,843 -171,474 -116,196 -113,049 -197,424 -95,021 -107,495 -179,779 -157,195 22,584 -27,374
51 Direct investment................................................. -155,385 -152,437 -38,527 -36,474 -49,750 -30,631 -38,388 -33,346 -41,634 -39,070 -33,015 6,055 9,140
52 Foreign securities................................................ -131,217 -124,935 975 -71,379 -42,415 -18,398 -27,546 -39,639 -33,129 -24,621 -28,535 -3,914 -1,329
53 U.S. claims on unaffiliated foreigners reported by
U.S. nonbanking concerns....................................... -85,700 -163,846 -33,328 -27,605 -13,555 -11,212 -75,256 -29,491 -14,585 -44,514 -5,618 38,896 -6,858
54 U.S. claims reported by U.S. banks, not included elsewhere........ -76,263 -138,500 23,037 -36,016 -10,476 -52,808 -56,234 7,455 -18,147 -71,574 -90,027 -18,453 -28,327
55 Foreign-owned assets in the U.S., net (increase/financial inflow (+))... 813,744 1,024,218 130,758 278,047 172,119 232,820 256,782 250,007 222,108 295,321 237,503 -57,818 71,788
56 Foreign official assets in the United States, net.................... 43,551 37,619 4,164 -736 12,721 27,402 22,498 6,447 12,247 -3,573 4,091 7,664 1,710
57 U.S. Government securities........................................ 32,527 30,676 6,793 -916 14,798 11,852 24,311 6,334 5,271 -5,240 2,547 7,787 1,144
58 U.S. Treasury securities....................................... 12,177 -10,233 800 -6,708 12,963 5,122 16,204 -4,000 -9,001 -13,436 -1,027 12,409 1,144
59 Other.......................................................... 20,350 40,909 5,993 5,792 1,835 6,730 8,107 10,334 14,272 8,196 3,574 -4,622 ....
60 Other U.S. Government liabilities................................. -2,855 -1,987 -1,461 -1,064 -671 341 -474 -1,000 -220 -293 -1,244 -951 553
61 U.S. liabilities reported by U.S. banks, not included elsewhere... 12,964 5,803 -1,273 1,761 -1,617 14,093 -2,270 209 6,884 980 1,785 805 13
62 Other foreign official assets..................................... 915 3,127 105 -517 211 1,116 931 904 312 980 1,003 23 ....
63 Other foreign assets in the United States, net....................... 770,193 986,599 126,594 278,783 159,398 205,418 234,284 243,560 209,861 298,894 233,412 -65,482 70,078
64 Direct investment................................................. 301,006 287,655 35,221 151,354 50,803 63,628 36,508 90,394 76,046 84,707 41,638 -43,069 -28,872
65 U.S. Treasury securities.......................................... -20,490 -52,792 -7,325 -5,410 9,687 -17,442 -9,348 -20,546 -12,503 -10,395 538 10,933 -586
66 U.S. securities other than U.S. Treasury securities............... 343,963 485,644 63,430 83,903 95,412 101,218 136,208 94,400 128,393 126,643 147,132 20,489 19,786
67 U.S. currency..................................................... 22,407 1,129 2,440 3,057 4,697 12,213 -6,847 989 757 6,230 2,311 -3,919 ....
68 U.S. liabilities to unaffiliated foreigners reported by
U.S. nonbanking concerns....................................... 69,075 177,010 46,262 16,799 -8,869 14,883 85,188 24,400 19,078 48,344 42,269 -6,075 71,282
69 U.S. liabilities reported by U.S. banks, not included elsewhere... 54,232 87,953 -13,434 29,080 7,668 30,918 -7,425 53,923 -1,910 43,365 -476 -43,841 8,468
70 Statistical discrepancy (sum of above items with sign reversed)......... -48,822 696 -20,811 -30,129 30,702 -28,588 46,053 -48,473 749 2,367 28,822 26,455 -34,920
Memoranda:
71 Balance on goods (lines 3 and 20)....................................... -345,434 -452,207 -73,993 -84,290 -91,732 -95,419 -107,405 -111,671 -114,611 -118,520 -112,520 6,000 -2,739
72 Balance on services (lines 4 and 21).................................... 83,596 76,468 21,121 21,424 20,597 20,451 20,083 20,887 17,271 18,227 17,505 -722 -4,520
73 Balance on goods and services (lines 2 and 19).......................... -261,838 -375,739 -52,872 -62,866 -71,135 -74,968 -87,322 -90,784 -97,340 -100,293 -95,015 5,278 -7,259
74 Balance on income (lines 12 and 29)..................................... -13,613 -14,792 -2,525 -2,916 -5,167 -3,002 -5,657 -4,889 -4,885 642 -3,090 -3,732 -1,136
75 Unilateral current transfers, net (line 35)............................. -48,913 -54,136 -11,051 -11,596 -11,761 -14,504 -11,924 -12,461 -13,080 -16,673 -11,457 5,216 -895
76 Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) -324,364 -444,667 -66,448 -77,378 -88,063 -92,474 -104,903 -108,134 -115,305 -116,324 -109,562 6,762 -9,290
r Revised. p Preliminary.
NOTE:--Details may not add to totals because of rounding. Source: U. S. Department of Commerce, Bureau of Economic Analysis
June 21, 2001
Table 2.--Revisions to the Current-Account Estimates
[Millions of dollars; quarterly data are seasonally adjusted]
Exports of goods and services Imports of goods and services Unilateral current transfers, net Balance on current account
and income receipts and income payments
Previously Previously Previously Previously
published Revised Revision published Revised Revision published Revised Revision published Revised Revision
1989........ 650,494 648,290 -2,204 -721,307 -721,607 -300 -26,169 -26,169 .... -96,982 -99,486 -2,504
1990........ 708,881 706,975 -1,906 -759,189 -759,287 -98 -26,654 -26,654 .... -76,961 -78,965 -2,004
1991........ 730,387 727,557 -2,830 -734,524 -734,563 -39 10,752 10,752 .... 6,616 3,747 -2,869
1992........ 749,324 748,603 -721 -762,035 -762,105 -70 -35,013 -35,013 .... -47,724 -48,515 -791
1993........ 776,933 777,044 111 -821,977 -821,930 47 -37,637 -37,637 .... -82,681 -82,523 158
1994........ 868,867 869,328 461 -949,212 -949,312 -100 -38,260 -38,260 .... -118,605 -118,244 361
1995........ 1,006,576 1,005,935 -641 -1,081,976 -1,081,776 200 -34,057 -34,057 .... -109,457 -109,898 -441
1996........ 1,075,874 1,077,966 2,092 -1,159,111 -1,158,822 289 -40,081 -40,081 .... -123,318 -120,937 2,381
1997........ 1,194,283 1,195,538 1,255 -1,294,029 -1,294,553 -524 -40,794 -40,794 .... -140,540 -139,809 731
1998........ 1,191,422 1,191,932 510 -1,364,531 -1,364,962 -431 -44,029 -44,427 -398 -217,138 -217,457 -319
1999........ 1,232,407 1,242,655 10,248 -1,515,861 -1,518,106 -2,245 -48,025 -48,913 -888 -331,479 -324,364 7,115
2000........ 1,414,925 1,418,568 3,643 -1,797,061 -1,809,099 -12,038 -53,241 -54,136 -895 -435,377 -444,667 -9,290
1996: I 262,540 262,927 387 -277,301 -277,198 103 -10,519 -10,519 .... -25,280 -24,790 490
II 266,135 266,859 724 -287,269 -287,257 12 -8,744 -8,744 .... -29,878 -29,142 736
III 266,709 267,240 531 -294,421 -294,437 -16 -8,940 -8,940 .... -36,652 -36,137 515
IV 280,484 280,934 450 -300,121 -299,931 190 -11,878 -11,878 .... -31,515 -30,875 640
1997: I 286,666 287,373 707 -311,988 -312,810 -822 -9,054 -9,054 .... -34,376 -34,491 -115
II 299,955 300,459 504 -320,660 -321,005 -345 -9,280 -9,280 .... -29,985 -29,826 159
III 305,537 305,114 -423 -329,383 -328,883 500 -9,561 -9,561 .... -33,407 -33,330 77
IV 302,129 302,595 466 -331,999 -331,858 141 -12,902 -12,902 .... -42,772 -42,165 607
1998: I 301,732 301,933 201 -334,328 -335,558 -1,230 -9,794 -9,866 -72 -42,390 -43,491 -1,101
II 298,857 298,319 -538 -340,233 -340,566 -333 -10,099 -10,154 -55 -51,475 -52,401 -926
III 291,341 291,449 108 -341,992 -341,256 736 -10,658 -10,731 -73 -61,309 -60,538 771
IV 299,489 300,229 740 -347,980 -347,583 397 -13,474 -13,671 -197 -61,965 -61,025 940
1999: I 293,717 296,210 2,493 -349,513 -351,607 -2,094 -10,831 -11,051 -220 -66,627 -66,448 179
II 300,994 302,880 1,886 -368,439 -368,662 -223 -11,537 -11,596 -59 -78,982 -77,378 1,604
III 313,084 315,099 2,015 -391,337 -391,401 -64 -11,396 -11,761 -365 -89,649 -88,063 1,586
IV 324,612 328,467 3,855 -406,575 -406,437 138 -14,260 -14,504 -244 -96,223 -92,474 3,749
2000: I 336,729 339,645 2,916 -426,410 -432,624 -6,214 -12,087 -11,924 163 -101,768 -104,903 -3,135
II 353,494 355,075 1,581 -446,399 -450,748 -4,349 -12,334 -12,461 -127 -105,239 -108,134 -2,895
III 362,765 361,236 -1,529 -462,926 -463,461 -535 -12,949 -13,080 -131 -113,110 -115,305 -2,195
IV 361,938 362,617 679 -461,332 -462,268 -936 -15,872 -16,673 -801 -115,266 -116,324 -1,058
NOTE:--Details may not add to totals because of rounding. Source: U. S. Department of Commerce, Bureau of Economic Analysis
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