Table 4.—Major Sources of Revisions, 1982-1998

[Millions of dollars]

(Credits +; debits -)/1/ 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
International transactions
Current account
Other private services receipts (line 10):
Revised26,77928,19330,22235,85839,17046,53148,59752,54160,12163,50272,41285,56692,116
Changes due to reclassification of employee compensation-908-993-995-1,017-1,172-1,290-1,425-1,434-1,543-1,761-1,756-1,802-1,857
Revisions due to updated source data-36-216-2921,0952,9033,244
Previously published27,68729,18631,25336,87540,34147,82150,02253,97561,88065,55573,07384,46590,729
Direct investment receipts ( line 14):
Revised29,41231,80035,46435,60437,14846,53258,73262,26066,30959,06258,00567,70877,87495,991103,314115,795102,846
Changes due to improved estimates of current-cost adjustment5,4904,8504,2025,0575,1806,9236,6396,8927,5696,8646,0936,4675,4832,8272,0283,1322,720
Revisions due to updated source data1,4843,256-321
Previously published23,92226,95031,26230,54731,96839,60852,09255,36858,74052,19851,91261,24172,39193,16499,802109,407100,447
Other private income receipts (line 15):
Revised82,423109,768114,958137,507150,001
Changes to dividends and bond interest income due to 1997 outward portfolio benchmark1,2013,3705,6258,29710,063
Revisions due to updated source data-84316003651,338
Previously published81,230105,967108,733128,845138,600
Compensation of employees: receipts (line 17):
Revised9089949951,0171,1721,2901,4251,4341,5431,7611,7561,8021,857
Changes due to reclassification of employee compensation9089939951,0171,1721,2901,4251,4341,5431,7611,7561,8021,857
Revisions due to updated source data
Previously published(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)
Travel payments (line 23):
Revised-52,051-56,105
Changes due to one-time survey for 1998-850-1,700
Revisions due to updated source data19-677
Previously published-51,220-53,728
Other private services payments (line 27):
Revised-13,146-16,485-17,667-18,930-22,229-25,590-22,296-26,261-30,386-35,249-37,975-43,909-47,670
Changes due to medical services-16-132-244-318
Changes due to reclassification of employee compensation1,6781,5611,4361,6972,3532,7323,0773,3103,7103,9804,0234,3274,586
Revisions due to updated source data1013986894926101,272429532
Previously published-14,834-18,047-19,106-20,636-24,590-28,328-25,381-29,580-34,588-39,823-43,138-48,421-52,470
Direct investment payments (line 31):
Revised-2,103-4,209-8,664-7,282-7,192-8,058-12,576-7,424-3,9071,742-3,341-9,133-23,467-32,186-35,568-46,575-43,441
Changes due to improved estimates of current-cost adjustment-160-359-69-133-633-883-917-1,036-1,691-3,039-3,559-2,846-1,991-3,352-1,075-1,064
Revisions due to updated source data1,4251743,419
Previously published-1,943-4,206-8,723-7,213-7,058-7,425-11,693-6,507-2,8713,433-302-5,574-20,621-30,195-33,641-45,674-45,796
Compensation of employees: payments (line 34):
Revised-2,678-2,338-1,847-2,286-3,464-4,026-4,752-5,132-5,952-6,263-6,300-6,756-7,106
Changes due to reclassification of employee compensation-1,678-1,561-1,436-1,697-2,353-2,732-3,077-3,310-3,710-3,980-4,023-4,327-4,586
Changes due to new estimates of employee compensation-1,000-777-411-589-1,111-1,295-1,675-1,822-2,241-2,282-2,264-2,422-2,525
Revisions due to updated source data-13-75
Previously published(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)(/2/)
U.S. Government grants (line 36):
Revised-10,860-10,35929,193-16,320-17,036-14,978-11,190-15,337-12,386-13,057
Changes due to reclassification of debt forgiveness2077,2205,130576671,085434018322
Changes due to freight grants-138-136-345-552-865-546-475-316-321-150
Revisions due to updated source data-18-102481-17-9212-158-437
Previously published-10,911-17,43324,160-15,826-16,821-15,508-11,170-15,023-12,090-12,492
Private remittances and other transfers (line 38):
Revised-10,564-11,330-12,893-13,481-14,238-15,599-15,510-17,383-19,658-20,796-22,384-25,341-26,668
Changes due to reclassification of immigrants' transfers-137-152-161-171-190-167-130-130-130-140-147-155-154
Revisions due to updated source data-31410-25-336-13-190-621-1,125-1,778-1,455
Previously published-10,424-11,192-12,742-13,308-14,053-15,399-15,386-17,240-19,338-20,035-21,112-23,408-25,059
Capital and financial account
Capital account
Capital account transactions, net (line 39):
Introduction of capital account estimates into the international accounts199209235315301365493336-6,579-4,479612-88-469372672292617
Financial account
U.S direct investment abroad (line 51):
Revised-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
Changes due to improved estimates of current-cost adjustment-5,490-4,850-4,202-5,057-5,180-6,923-6,639-6,892-7,569-6,864-6,093-6,467-5,483-2,827-2,028-3,132-2,720
Revisions due to updated source data-9,59415,0201,824
Previously published991-7,728-12,344-14,065-19,025-28,355-16,175-36,834-29,950-31,369-42,640-77,945-75,214-96,654-81,072-121,843-131,933
Foreign direct investment in the United States (line 64):
Revised12,62410,46124,68920,07935,75658,85258,16168,65348,95123,69520,97552,55247,43859,64488,977109,264193,375
Changes due to improved estimates of current-cost adjustment1603-59691336338839171,0361,6913,0393,5592,8461,9913,3521,0751,064
Revisions due to updated source data8,00314,740-3,918
Previously published12,46410,45724,74820,01035,62358,21957,27867,73647,91522,00417,93648,99344,59257,65377,62293,449196,229
International investment position (at yearend)
U.S. direct investment abroad (lines 17 and 18):
Revised:
At current cost368,453346,095337,363358,454390,137459,980492,309529,882590,010613,692633,074690,655748,505843,253940,2431,004,2281,123,441
At market value1,526,2431,784,4942,140,528
Changes due to improved methods:
At current cost-18,549-30,212-30,476-36,306-41,338-45,116-34,515-30,527-30,021-30,615-26,352-24,101-3,643-6,398-2,028-3,132(/2/)
At market value(/2/)
Revisions due to updated source data:
At current cost5,317-16,512(/2/)
At market value9,159-9,186(/2/)
Previously published:
At current cost387,002376,307367,839394,760431,475505,096526,824560,409620,031644,307659,426714,756752,148849,651936,9541,023,872(/2/)
At market value1,517,0841,793,680(/2/)
Foreign securities (line 19):
Revised948,6681,169,6361,467,9851,739,4001,968,956
Changes due to 1997 outward portfolio benchmark58,962115,284187,826293,099(/2/)
Revisions due to updated source data(/2/)
Previously published889,7061,054,3521,280,1591,446,301(/2/)
Foreign direct investment in the United States (lines 35 and 36):
Revised:
At current cost174,506181,226208,356229,543264,432311,478375,419437,941471,556493,745497,112546,394564,745619,377674,330764,045878,717
At market value1,229,1181,642,3652,194,102
Changes due to improved methods:
At current cost-2,364-3,168-2,845-1,783-1,401-1,9732512,0244,2441,803-3,430-4,4683,5935,1193,3521,075(/2/)
At market value(/2/)
Revisions due to updated source data:
At current cost4,01611,125(/2/)
At market value5,44621,825(/2/)
Previously published:
At current cost176,870184,394211,201231,326265,833313,451375,168435,917467,312491,942500,542550,862561,152614,258666,962751,845(/2/)
At market value1,223,6721,620,540(/2/)

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.

DCSIMG