Jim Whitney Economics 311

Thursday, April 05, 2012

 
Examples of international transactions
(Figures are in billions of U.S. dollars) 
Line   United States China Argentina
1 Year 2008 2007 2008
2 Currency units Bill US$ Bill US$ Bill US$
3 Goods: Exports 1,276.99 1,220.00 70.59
4 Goods: Imports -2117.24 -904.62 -54.55
5 Services: Credit (services sold) 549.60 122.20 12.02
6 Services: Debit (services purchased) -405.29 -130.11 -12.94
7 Income: Credit (Domestic income earned abroad) 764.64 83.03 5.70
8 Income: Debit (Foreign income earned within) -646.41 -57.34 -13.19
9 Unilateral current transfers, net -128.36 38.67 -0.04
         
10 Capital outflows, excluding domestic reserves, net -24.16 -171.02 -18.87
11 Capital inflows, net 535.02 244.53 5.85
12 Net purchases (-) / sales (+) of foreign official reserves -4.85 -461.69 3.80
13 Net Errors and Omissions 200.06 16.35 1.63
       
International transactions balances:      
15 Trade balance (sum lines 3-4) -840.25    
16 Services balance (sum lines 5-6) 144.31    
17 Net factor income (sum lines 7-8) 118.23    
18 Net transfers (line 9) -128.36    
19 Current account balance (sum lines 15-18) -706.07    
20 Total net capital outflows (-) / inflows (+) (sum lines 10-13) +706.07