Jim Whitney Economics 311

Monday, April 02, 2012

 

U.S. International Transactions and Investments

U.S. International Transactions
Billion US dollars

1 Year 1972 1981 2011
2 Currency units Bill US$ Bill US$ Bill US$
3 Goods: Exports 49.38 237.04 1,497.39
4 Goods: Imports -55.80 -265.07 -2,235.68
5 Services: Credit (services sold) 17.84 57.35 607.66
6 Services: Debit (services purchased) -16.87 -45.50 -429.32
7 Income: Credit (Domestic income earned abroad) 14.76 86.53 738.72
8 Income: Debit (Foreign income earned within) -6.57 -53.62 -517.65
9 Unilateral current transfers, net -8.54 -11.70 -134.55
         
10 Capital outflows other than official reserves -14.49 -108.97 -381.66
11 Capital inflows other than official reserves 10.99 79.63 625.68
12 US acquisition of official foreign reserves, net 0.71 -4.08 -15.88
13 Foreign acquisition of US reserves, net 10.48 4.96 164.83
14 Net Errors and Omissions -1.88 23.43 80.45
       
International transactions balances:      
15 Trade balance (sum lines 3-4) -6.42 -28.03  
16 Services balance (sum lines 5-6) 0.97 11.85  
17 Net factor income (sum lines 7-8) 8.19 32.91  
18 Net transfers (line 9) -8.54 -11.70  
19 Current account balance (sum lines 15-18) -5.80 5.03  
20 Total net capital outflows (-) / inflows (+) (sum lines 10-14)      

U.S. International Investment Position
Billion US dollars

  1972 1981 2010
1.   External assets (domestic assets abroad) 199.0 1,001.7  
2.   External liabilities (foreign-owned domestic assets) 161.8 655.6  
3.   Net international investment position +37.2 +346.1  
  Addendum:      
4.   GDP 1,238.8 3,128.4  
5.   External liabilities as share of GDP: 13.1% 21.0%  
6.   Net international investment position as a share of GDP: +3.0% +11.1%