19 June 2016

U.S. International Transactions: First Quarter 2016 and Annual Revisions

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Thursday, June 16, 2016

News Release: U.S. International Transactions
The U.S. current-account deficit—a net measure of transactions between the United States and
the rest of the world in goods, services, primary income, and secondary income—increased to
$124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA).
The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5
percent in the fourth quarter.
The $11.3 billion increase reflected a $9.6 billion decrease in the surplus on primary income
to $37.5 billion and a $4.0 billion increase in the deficit on secondary income to $40.3 billion.
These changes were partly offset by a $2.0 billion decrease in the deficit on goods to $186.4
billion and a $0.4 billion increase in the surplus on services to $64.6 billion.


Notice About Tables Included in the News Release of the International Transactions Accounts
BEA is increasing the number of tables published in the news release of the International
Transactions Accounts. This news release includes tables with additional details for the current account and financial account:

Table 1. U.S. International Transactions                                      page  8
Table 2. U.S. International Trade in Goods                                         10
Table 3. U.S. International Trade in Services                                      14
Table 4. U.S. International Transactions in Primary Income                         16
Table 5. U.S. International Transactions in Secondary Income                       17
Table 6. U.S. International Financial Transactions for Direct Investment           18
Table 7. U.S. International Financial Transactions for Portfolio Investment        20
Table 8. U.S. International Financial Transactions for Other Investment            22
Table 9. Revisions to U.S. International Transactions                              24

The statistics in tables 1-8 are available in
BEA's Interactive Web Application.

Current Account Transactions (tables 1-5)
Financial Account (tables 1, 6, 7, and 8)
Statistical Discrepancy (table 1)
Revisions
The statistics of the U.S. international transactions accounts released today have been revised
for the first quarter of 2012 to the fourth quarter of 2015 to incorporate newly available and
revised source data, improved estimation methodologies, and updated seasonal adjustments. Key
changes introduced in this annual revision are summarized below and in table A.
 
 
Revisions to fourth quarter 2015

     Revisions to Fourth-Quarter 2015 International Transactions Accounts Aggregates
                         [Billions of dollars, seasonally adjusted]

                                                                       Estimate
                                                        Preliminary                Revised
    Current-account balance                                  -125.3                 -113.4
       Goods balance                                         -187.3                 -188.4
       Services balance                                        53.5                   64.2
       Primary-income balance                                  42.8                   47.1
       Secondary-income balance                               -34.3                  -36.3
    Net lending from financial-account transactions           -29.4                  -21.8
    Statistical discrepancy                                    95.9                   91.6

The first-quarter statistics in this release are preliminary and will be revised on September 15
, 2016.

 

Source: http://www.bea.gov/newsreleases/international/transactions/2016/trans116.htm?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=News+Releases
NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
 

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