Chapter
Chapter 2
Balance of Payments
B2 - 2
Components of Current
Account
Balance of Payments
The current account summarizes the flow of
of trade).
B2 - 4
Balance of Payments
Current Account
Exports of goods and services and income receipts 1418568
Goods
772210
Services
293492
Income receipts
352866
Imports of goods and services and income receipts -1809099
Goods
-1224417
Services
-217024
Income payments
-367658
Balance on current account
-390531
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Chapter 2
Components of Financial
Account
Balance of Payments
The financial account (which was called
B2 - 7
B2 - 8
Financial Account
U.S.-owned assets abroad, net (increase/financial outflow) -580952
U.S. official reserve assets, net
-290
Other U.S. Govt assets, net
-944
U.S. private assets, net
-579718
Foreign-owned assets in the U.S., net (increase/financial inflow)
1024218
Foreign official assets in the U.S., net
37619
Other foreign assets in the U.S., net
986599
Net financial flows
443266
B2 - 9
B2 - 10
Factors Affecting
International Trade Flows
Factors Affecting
International Trade Flows
Inflation
Government Restrictions
National Income
B2 - 11
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Chapter 2
Factors Affecting
International Trade Flows
Correcting
A Balance of Trade Deficit
Exchange Rates
B2 - 13
B2 - 14
Correcting
A Balance of Trade Deficit
J-Curve Effect
U.S. Trade Balance
Time
J Curve
B2 - 15
B2 - 16
Changes in Restrictions
Tax Rates
Privatization
Exchange Rates
B2 - 18
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Factors Affecting
International Portfolio Investment
Interest Rates
Exchange Rates
Chapter 2
B2 - 20
Currency
2001 Revision 1996 Revision
U.S. dollar
45
39
Euro
29
Deutsche mark
21
French franc
11
Japanese yen
15
18
Pound sterling
11
11
B2 - 22
B2 - 24
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Chapter 2
B2 - 26
B2 - 27
B2 - 28
B2 - 30
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Chapter 2
B2 - 32
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