Home > Table 2.—Major Sources of Revisions, 1982–1999

Table 2.—Major Sources of Revisions, 1982–1999

[Millions of dollars]

 
(Credits +; debits –)/1/ 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Financial account
U.S. direct investment abroad (line 51):
Revised –4,556 –12,528 –16,407 –18,927 –23,995 –35,034 –22,528 –43,447 –37,183 –37,889 –48,266 –83,950 –80,167 –98,750 –91,885 –105,016 –146,052 –150,901
Changes due to improved estimates of current-cost adjustment –57 50 139 194 210 244 287 279 336 344 467 462 530 731 809 1,192 –785 –1,010
Revisions due to updated source data ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ 3,747 –12,438 2,261
Previously published –4,499 –12,578 –16,546 –19,121 –24,205 –35,278 –22,815 –43,726 –37,519 –38,233 –48,733 –84,412 –80,697 –99,481 –92,694 –109,955 –132,829 –152,152
Foreign securities (line 52):
Revised ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –122,506 –149,829 –118,976 –135,995 –128,594
Previously published ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –100,074 –115,859 –89,174 –102,817 –97,882
Foreign stocks:
Revised ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –65,412 –82,848 –57,578 –101,235 –114,402
Changes due to additional foreign direct investment offsets ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –7,426 –10,800 –3,000 –10,520 –8,900
Changes due to adjustment for undercoverage of securities transactions ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –7,561 –12,008 –12,590 –12,600 –12,600
Revisions due to updated source data ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –18 –362 4,869
Previously published ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ –50,425 –60,040 –41,970 –77,753 –97,771
Foreign bonds:
Revised ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ ........... –57,094 –66,981 –61,398 –34,760 –14,192
Changes due to adjustment for undercoverage of securities transactions ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... –7,445 –11,162 –14,162 –14,200 –14,200
Revisions due to updated source data ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... –32 4,504 119
Previously published .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... –49,649 –55,819 –47,204 –25,064 –111
Foreign direct investment in the United States (line 64):
Revised 12,635 10,372 24,468 19,742 35,420 58,470 57,735 68,274 48,494 23,171 19,823 51,362 46,121 57,776 86,502 106,032 186,316 275,533
Changes due to improved estimates of current-cost adjustment 11 –89 –221 –337 –336 –382 –426 –379 –457 –524 –1,152 –1,190 –1,317 –1,868 –2,475 –1,257 136 –632
Revisions due to updated source data .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... –1,975 –7,195 –6,342
Previously published 12,624 10,461 24,689 20,079 35,756 58,852 58,161 68,653 48,951 23,695 20,975 52,552 47,438 59,644 88,977 109,264 193,375 282,507
International investment position (at yearend)
U.S. direct investment abroad (lines 17 and 18):
Revised:
At current cost 374,059 355,643 348,342 371,036 404,818 478,062 513,761 553,093 616,655 643,364 663,830 723,526 786,565 885,506 986,536 1,058,735 1,207,059 1,331,187
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 1,778,189 2,173,547 2,615,532
Changes due to improved methods:
At current cost 5,606 9,548 10,979 12,582 14,681 18,082 21,452 23,211 26,645 29,672 30,756 32,871 38,060 42,253 46,293 60,812 50,599
At market value .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Revisions due to updated source data:
At current cost .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... –6,305 33,019
At market value .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... –6,305 33,019
Previously published:
At current cost 368,453 346,095 337,363 358,454 390,137 459,980 492,309 529,882 590,010 613,692 633,074 690,655 748,505 843,253 940,243 1,004,228 1,123,441
At market value .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 1,784,494 2,140,528
U.S. Government assets, other than official reserve assets (line 10):
Revised 76,903 81,664 86,945 89,792 91,850 90,681 87,892 86,643 84,344 81,422 83,022 83,382 83,908 85,064 86,123 86,198 86,768 84,226
Changes due to Panama Canal adjustment 2,221 2,038 1,974 2,040 2,213 1,801 1,775 2,154 2,351 2,278 2,300 2,353 3,785 3,969 4,077 4,238 3,646
Revisions due to updated source data .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 740
Previously published 74,682 79,626 84,971 87,752 89,637 88,880 86,117 84,489 81,993 79,144 80,722 81,029 80,123 81,095 82,046 81,960 82,382
Foreign securities (line 19):
Revised .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 1,751,183 2,052,929 2,583,386
Changes due to 1997 outward portfolio benchmark .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 11,783 13,813
Changes due to additional foreign direct investment offsets .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 22,246
Changes due to adjustment for undercoverage .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 56,673
Revisions due to updated source data .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... –8,759
Previously published .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 1,739,400 1,968,956
Foreign direct investment in the United States (lines 35 and 36):
Revised:
At current cost 184,842 193,708 223,538 247,223 284,701 334,552 401,766 467,886 505,346 533,404 540,270 593,313 617,982 680,066 743,214 825,334 928,645 1,125,214
At market value .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 1,639,765 2,190,990 2,800,736
Changes due to improved methods:
At current cost 10,336 12,482 15,182 17,680 20,269 23,074 26,347 29,945 33,790 39,659 43,158 46,919 53,237 60,689 68,884 63,889 53,040
At market value .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
Revisions due to updated source data:
At current cost ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... –2,600 –3,112
At market value ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... –2,600 –3,112
Previously published:
At current cost 174,506 181,226 208,356 229,543 264,432 311,478 375,419 437,941 471,556 493,745 497,112 546,394 564,745 619,377 674,330 764,045 878,717
At market value ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... 1,642,365 2,194,102
  1. Credits +: An increase in U.S. receipts and U.S. liabilities, or a decrease in U.S. payments and U.S. claims. Debits –: An increase in U.S. payments and U.S. claims, or a decrease in U.S. receipts and U.S. liabilities.
  2. Estimates were not published previously.

NOTE.—For international transactions, line numbers refer to table 1 of the article on U.S. international transactions in this issue of the SURVEY. For the international investment position, line numbers refer to table 1 of the article on the U.S. international investment position also in this issue of the SURVEY.