Chapter

B. Balance of Payments Statements

Author(s):
International Monetary Fund
Published Date:
September 1971
Share
  • ShareShare
Show Summary Details

THE following Tables 62-74 present balance of payments statements, for 1969, 1970, and, where data are available, for the first quarter of 1971, for Austria, Belgium-Luxembourg, Canada, Denmark, France, Germany, Italy, Japan, the Netherlands, Norway, Sweden, the United Kingdom, and the United States. Less detailed statements for 1969 and 1970 are presented in Tables 75 and 76 for the primary producing countries. For some countries the tables reflect revisions of the data that could not be incorporated elsewhere in the Report.

Table 62.Austria: Balance of Payments Summary, 1969-First Quarter 19711(In Millions of U.S. dollars)
1970 21971 2
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.2,4012,850648702724776710
Imports f.o.b.-2,735-3,446-778-846-879-943-928
Trade balance-334-596-130-144-155-167-218
Travel48967613213532089150
Other services and unrequited
transfers (net)-57-88-2-15-16-55-8
Total98-8-24149-133-76
Memorandum item: Goods, Services,
and Private Unrequited Transfers100-61-24149-132-75
B. Long-Term Capital, n.i.e.
Private-262713-12125-23
Official1814-1553-24-12
Total-84113-27541-35
C. Total (A plus B)903313-51203-132-111
D. Short-Term Capital, n.i.e. (includ-
ing net errors and omissions)
Private nonmonetary-19-36-101-461917
Net errors and omissions5394-1845521584
Total3458-2846634101
E. Commercial Bank Capital
Liabilities1254435751-69404-37
Assets (increase—)-213-353-99-6-16-23242
Total-8890-4245-851725
F. Total (C through E)36181-574012474-5
G. Allocation of SDRs292919
H. Total (F plus G)36210-28401247414
I. Official Monetary Movements
Gold (increase—)11—•
SDRs (increase—)-38-34-4-19
Reserve position in the Fund
(increase—)-79-513123
Foreign exchange-19-19375-36-145-87-29
Other short-term assets
(increase—)-1111-981211
Short-term liabilities1
Total-36-21028-40-124-74-14
Source: Austrian National Bank.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Austrian National Bank.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 63.Belgium-Luxembourg: Balance of Payments Summary, 1969-First Quarter 19711In millions of U.S. dollars
1970 219712
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports 38,0969,6902,2462,4262,4122,6062,472
Imports 3-7,920-8,928-2,018-2,318-2,172-2,420-2,310
Trade balance176762228108240186162
Services (net)2411840146452
Unrequited transfers (net)-116-136-24-6-20-86-58
Total84744244102234164156
Memorandum item: Goods, Services,
and Private Unrequited Transfers210892270116260246218
B. Long-Term Capital
Private 4228-352-88-20-164-80-58
Official-38-54-12-16-22-4-16
Total190-406-100-36-186-84-74
C. Total (A plus B)27433814466488082
D. Short-Term Capital, n.i.e.
(including net errors and omis
sions)
Official81212109-36166-2721
Net errors and omissions33-60-822622-2630
Total11415227-10188-5351
E. Commercial Bank Capital-194-102-10012-443022
F. Total (C through E)194388716819257155
G. Allocation of SDRs717170
H. Total (F plus G)1944591426819257225
I. Official Monetary Movements
Gold (increase—)450—.-10604
SDRs (increase—)-205-80-14-111-94
Reserve position in the Fund
(increase—)144-236-44-108-28-56-71
Foreign exchange (increase—)-342-68-1854-15450-64
Total-194-459-142-68-192-57-225
Source: National Bank of Belgium.

Positive figures are credits; negative figures are debits.

Preliminary.

Partly f.o.b.; partly c.i.f.

Includes short-term capital, appropriate to Group D.

Source: National Bank of Belgium.

Positive figures are credits; negative figures are debits.

Preliminary.

Partly f.o.b.; partly c.i.f.

Includes short-term capital, appropriate to Group D.

Table 64.Canada: Balance of Payments Summary, 1969- First Quarter 1971 1(In millions of U.S. dollars)
1970 21971 2
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.13,75816,1353,6694,2613,9564,2494,065
Imports f.o.b-12,963-13,250-3,081-3,649-3,242-3,278-3,371
Nonmonetary gold100912325222122
Trade balance8952,976611637736992716
Investment income (net)-861-970-258-218-225-269-233
Other services (net)-678-646-282-169-8-187-326
Unrequited transfers (net)-53-105-21-13-37-34-16
Total-6971,25550237466502141
Memorandum item: Goods, Services,
and Private Unrequited Transfers-5641,44979277543550179
B. Long-Term Capital
Private
Direct Investment37152546127127225139
Other1,748446570-84118-158171
Official-32-201-15-84-99-3-43
Total2,087770601-4114664267
C. Total (A plus B)1,3902,025651196612566408
D. Short-Term Capital (including net
errors and omissions)-1,330-575-283539-391-440-360
E. Total (C plus D)601,45036873522112648
F. Allocation of SDRs124124118
G. Total (E plus F)601,574492735221126166
H. Official Monetary Movements
Gold (increase—)-981-7-189
SDRs (increase—)-182-133-10-38-1-118
Reserve position in the Fund
(increase—)-272-192-37-8-51-9684
Foreign exchange (increase—)221-1,281-315-716-132-118-132
Total-60-1,574-492-735-221-126-166
Source: Dominion Bureau of Statistics.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Dominion Bureau of Statistics.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 65.Denmark: Balance of Payments Summary, 1969 and 19701(In millions of U.S. dollars)
1970 2
19691970 2First quarterSecond quarterThird quarterFourth quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.2,9823,320763835807915
Imports f.o.b.-3,612-4,106-963-1,093-955-1,095
Trade balance-630-786-200-258-148-180
Services and unrequited trans-
fers (net)22024759459548
Total-410-539-141-213-53-132
Memorandum item: Goods, Services,
and Private Unrequited Transfers-385
B. Capital Movements (excluding
Group D) and Net Errors and
Omissions
Private capital2304201038484149
Official capital504310-31917
Net errors and omissions566511201420
Total336528124101117186
C. Total (A plus B)-74-11-17-1126454
D. Commercial Bank Capital
Liabilities-1226-948-13
Assets (increase—)86-42-43235
Total7422-75-1135
E. Total (C plus D)11-24-1075389
F. Allocation of SDRs2727
G. Total (E plus F)383-1075389
H. Official Monetary Movements
Gold (increase—)252424
SDRs (increase—)-17-2710
Reserve position in the Fund
(increase—)84-25-1-24
Foreign exchange assets (net)-109-2024107-62-89
Total-38-3107-53-89
Source: Danish Government Statistical Office.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Danish Government Statistical Office.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 66.France: Balance of Payments Summary, 1969 and 19701(In millions of U.S. dollars)
1970 2
19691970 2First quarterSecond quarterThird quarterFourth quarter
A. Goods, Services, and Unrequited Transfers
Exports f.o.b.14,87718,0864,2544,6034,5604,669
Imports f.o.b.-16,100-17,384-4,075-4,412-4,248-4,649
Trade balance-1,22370217919131220
Services (net)25325168190-6053
Unrequited transfers (net)-1,058-840-168-149-278-245
Total-2,02811379232-26-172
Memorandum item: Goods, Services, and Private
Unrequited Transfers-1,68330812720781-107
B. Long-Term Capital
Private
Direct investment10321342913050
Other213255127109-6180
Official-124-176-66-37-47-26
Total192292103163-78104
C. Total (A plus B)-1,836405182395-104-68
D. Short-Term Capital, n.i.e. (including net errors
and omissions)
Nonmonetary sectors511868823530-167
Net errors and omissions288690115209227139
Total339876203444257-28
E. Commercial Bank Capital
Liabilities2,6131,975-75524341,564
Assets-2,141-1,477225-380-153-1,169
Total472498150-328281395
F. Total (C through E)-1,0251,779535511434299
G. Allocation of SDRs165165
H. Total (F plus G)-1,0251,944700511434299
I. Official Monetary Movements
Gold (increase—)330153165
SDRs (increase—)-171-165-2-4
Reserve position in the Fund (increase—)1
Foreign exchange (increase—)37-971-131-322-300-218
Use of Fund credit499110485-246-129
Other short-term liabilities (net)158-927-892-19010847
Total1,025-1,944-700-511-434-299
Sources: Data provided by the French authorities.

Positive figures are credits; negative figures are debits.

Preliminary.

Sources: Data provided by the French authorities.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 67.Federal Republic of Germany: Balance of Payments Summary,1969-First Quarter19711(In millions of U.S. dollars)
19701971
FirstSecondThirdFourthFirst
19691970quarterquarterquarterquarterquarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.29,05334,1927,8308,5128,4179,4339,044
Imports c.i.f.-24,928-29,817-7,000-7,571-7,234-8,012-8,023
Other merchandise-223-352-84-96-135-37-110
Trade balance23,9024,0237468451,0481,384911
Paid services to foreign troops1,4201,572344404420404426
Other services (net)3-1,542-2,384-533-467-914-470-545
Unrequited transfers (net)-2,171-2,545-548-601-642-754-736
Total1,6096669181-8856456
Memorandum item: Goods, Services,
and Private Unrequited Transfers2,7311,658234398122904345
B. Long-Term Capital
Foreign investment in Germany347281-5439125171122
German investment abroad
(increase—)-545-686-198-124-173-191-236
Other private liabilities-1821,33315171516631372
Other private assets (increase—)-5,091-1,472-765-151-182-374-191
Government long-term capital-535-688-94-234-190-170-156
Total-6,006-1,232-1,096-2999667-89
C. Total (A plus B)-4,397-566-1,087-1188631-33
D. Short-Term Capital, n.i.e.
(including net errors and omissions)
Government short-term capital-10-11726-13447-56173
Other short-term capital-1871,762211541791219903
Net errors and omissions4732,7205998751,0382082,276
Total2764,3658361.2821,8763713,352
E. Commercial Bank Short-Term
Capital
Liabilities1,8362,139434-26763968-570
Assets (increase—) 4-65128-16346-414112-655
Total1,1852,1674183203491,080-1,225
F. Total (C through E)-2,9365,9661671.4842,2332,0822,094
G. Allocation of SDRs202202171
H. Total (F plus G)-2,9366,1683691,4842,2332,0822,265
I. Official Monetary Movements
Gold (increase—)46099-1-21022
SDRs (increase—)-258-222-26-6-4-192
Reserve position in the Fund
(increase—)1,213-615-71-306-238-67
Foreign exchange 4 (increase—)
Bundesbank investment in
U.S. and U. K. Treasury paper 5-125546546
Other1,366-6,255-562-1,352-2,172-2,169-1,936
Miscellaneous claims (net) 622315-131-34253227-72
Total2,936-6,168-369-1,484-2,233-2,082-2,265
Sources: Deutsche Bundesbank, Monthly Report, June 1971, and reports to the Fund.

Preliminary. Positive figures are credits; negative figures are debits. For 1969, the entries in Groups A through F have been converted from figures expressed in deutsche mark by applying the par value rate of US$1 = DM 4 to the data for the first three quarters of the year and the par value rate of US$1 = DM 3.66 to those for the final quarter. The conversions for 1970 and the first quarter of 1971 have been made at the latter rate. The figures in Group I are mainly based on data reported to the Fund by the German authorities in terms of U.S. dollars; however, changes in certain liabilities which constitute part of the item for “Miscellaneous claims (net)” have been converted from deutsche mark at the par value rates without adjustments.

These figures differ from those in Table 17, where the trade balance is derived from imports valued on an f.o.b. basis. German import data are not available quarterly on a c.i.f. basis throughout the reporting period.

This item does not include freight and insurance on imports; see footnote 2 above.

U.S. dollars put at the disposal of the commercial banks by the Bundesbank through swap arrangements are included in the commercial banks’ assets in Group E and excluded from the Bundesbank assets in Group I.

Made in accordance with the U.S.-German and the U.K.-German agreements on offsetting the foreign exchange cost of U.S. and U.K. troops in Germany.

Mainly covers claims on the IBRD and post-EPU claims, as well as liabilities of the Bundesbank and liabilities resulting from the sale of German money-market paper to foreign monetary authorities.

Sources: Deutsche Bundesbank, Monthly Report, June 1971, and reports to the Fund.

Preliminary. Positive figures are credits; negative figures are debits. For 1969, the entries in Groups A through F have been converted from figures expressed in deutsche mark by applying the par value rate of US$1 = DM 4 to the data for the first three quarters of the year and the par value rate of US$1 = DM 3.66 to those for the final quarter. The conversions for 1970 and the first quarter of 1971 have been made at the latter rate. The figures in Group I are mainly based on data reported to the Fund by the German authorities in terms of U.S. dollars; however, changes in certain liabilities which constitute part of the item for “Miscellaneous claims (net)” have been converted from deutsche mark at the par value rates without adjustments.

These figures differ from those in Table 17, where the trade balance is derived from imports valued on an f.o.b. basis. German import data are not available quarterly on a c.i.f. basis throughout the reporting period.

This item does not include freight and insurance on imports; see footnote 2 above.

U.S. dollars put at the disposal of the commercial banks by the Bundesbank through swap arrangements are included in the commercial banks’ assets in Group E and excluded from the Bundesbank assets in Group I.

Made in accordance with the U.S.-German and the U.K.-German agreements on offsetting the foreign exchange cost of U.S. and U.K. troops in Germany.

Mainly covers claims on the IBRD and post-EPU claims, as well as liabilities of the Bundesbank and liabilities resulting from the sale of German money-market paper to foreign monetary authorities.

Table 68.Italy: Balance of Payments Summary, 1969,- First Quarter 1971 1(In millions of U.S. dollars)
1970 219712
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services (net), and Unre-
quited Transfers (net)
Exports f.o.b.11,64213,1062,9613,3733,3143,4583,425
Imports f.o.b.-11,100-13,446-3,129-3,483-3,301-3,533-3,630
Trade balance542-340-168-11013-75-205
Travel1,14091212321538518981
Other services3311461242124-32-95
Unrequited transfers32796-6312697870
Total2,340814-96159591160-149
Memorandum item: Goods, Services,
and Private Unrequited Transfers2,6131,32595305690235-104
B. Capital Movements (excluding
Groups D and H) and Net
Errors and Omissions
Loans received by private sector12396225517941387386
Loans extended by private sector-467-195-32-64-52-47-20
Trade credits-662-655-265-237-70-8350
Other private investment in Italy4166301088924818599
Other private investment abroad-746-635-270-183-107-75-88
Miscellaneous government capi-
tal-3371910342012769210
Repatriation of Italian bank-
notes 3-2,256-951-436-228-148-139-154
Other net errors and omissions 485-217-11446-286137-37
Total-3,540-442-65122-247434446
C. Total (A plus B)-1,200372-747181344594297
D. Commercial Bank Capital
Liabilities2,7662,897-7053715282,703-415
Assets (increase—)-2,080-2,878574-327-697-2,428682
Total68619-13144-169275267
E. Total (C plus D)-514391-878225175869564
F. Allocation of SDRs105105107
G. Total (E plus F)-514496-773225175869671
H. Official Monetary Movements
Gold (increase—)-3369-22-4-1963
SDRs (increase—)-77-12044-1-139
Reserve position in the Fund
(increase—)32587-22139589-119-15
Foreign exchange (increase—)337-86597220-426-756-599
Other claims (increase—)24-65-1-14-6-4470
Short-term liabilities154-145841-610-331-459
Total514-496773-225-175-869-671
Sources: Ufficio Italiano dei Cambi, Movimento Valutario, and Bank of Italy.

Positive figures are credits; negative figures are debits. Some data in Group A and all data in Group B are on a payments (exchange record) basis.

Preliminary.

Part of the foreign investment in Italy is believed to be financed from the proceeds of Italian banknotes remitted abroad and subsequently repatriated; to that extent foreign investment in Italy may be overstated. See also footnote 4.

In the standard presentation of Italy’s balance of payments, the repatriation of Italian banknotes forms a part of net errors and omissions.

Sources: Ufficio Italiano dei Cambi, Movimento Valutario, and Bank of Italy.

Positive figures are credits; negative figures are debits. Some data in Group A and all data in Group B are on a payments (exchange record) basis.

Preliminary.

Part of the foreign investment in Italy is believed to be financed from the proceeds of Italian banknotes remitted abroad and subsequently repatriated; to that extent foreign investment in Italy may be overstated. See also footnote 4.

In the standard presentation of Italy’s balance of payments, the repatriation of Italian banknotes forms a part of net errors and omissions.

Table 69.Japan: Balance of Payments Summary,1969- First Quarter1971 1(In millions of U.S. dollars)
197019712
19691970First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.15,67918,9694,0364,5864,9395,4084,945
Imports f.o.b.-11,980-15,006-3,457-3,741-3,834-3,974-3,860
Trade balance3,6993,9635798451,1051,4341,085
Services (net)-1,399-1,785-465-422-458-440-516
Unrequited transfers (net)-181-208-59-50-48-51-81
Total2,1191,97055373599943488
Memorandum item: Goods, Services,
and Private Unrequited Transfers2,2772,14681425647993527
B. Long-Term Capital
Direct investment-134-261-52-80-62-67-74
Trade credits and loans extended-1,010-1,415-508-315-277-315-510
Other98985122-68247393
Total-155-1,591-438-463-315-375-191
C. Total (A plus B)1,964379-383-90284568297
D. Short-Term Capital, n.i.e.
(including net errors and omis
sions)
Nonmonetary sectors’ capital178724185149244146116
Net errors and omissions141271182-361223196
Total319995367113366149312
E. Commercial Bank Capital
Liabilities-881,009107232-69739-125
Assets (increase—)-1,395-1,375192-256-697-614319
Total-1,483-366299-24-766125194
F. Total (C through E)8001,008283-1-116842803
G. Allocation of SDRs122122128
H. Total (F plus G)8001,130405-1-116842931
I. Official Monetary Movements
Gold (increase—)-57-119-56-3-58-2-7
SDRs (increase—)-146-132-8-4-2-130
Reserve position in the Fund
(increase—)-338-347-57-150-66-74175
Foreign exchange (increase—)-353-574-159135215-765-1,097
Other assets (net)-5256-127291128
Total-800-1,130-4051116-842-931
Source: Bank of Japan, Balance of Payments Monthly.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Bank of Japan, Balance of Payments Monthly.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 70.Netherlands: Balance of Payments Summary, 1969- First Quarter 19711(In millions of U.S. dollars)
1970 21971 2
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.39,31210,9802,5842,7362,7042,9562,977
Imports f.o.b.-9,736-11,864-2,733-3,012-2,879-3,240-3,218
Trade balance-424-884-149-276-175-284-241
Services (net)45844078761969040
Unrequited transfers (net)-47-30924-39-2440
Total-13-474-62-176-18-218-161
Memorandum item: Goods, Services,
and Private Unrequited Transfers-2-518-83-2253-213-217
B. Long-Term Capital, n.i.e.
Private2669172267125227272
Official-32-28-5-15-6-2-6
Total-666367252119225266
C. Total (A plus B)-191895761017105
D. Short-Term Capital, n.i.e.
(including net errors and omis
sions)
Private nonmonetary sectors’
capital-60-2-31-71147-4735
Net errors and omissions23037811181949234
Total17037680102414569
E. Commercial Bank Capital
Liabilities1,3111,797256709403429473
Assets (increase—)-1,398-1,742-291-781-438-232-415
Total-8755-35-72-3519758
F. Total (C through E)646205014307249232
G. Allocation of SDRs878775
H. Total (F plus G)6470713714307249307
I. Official Monetary Movements
Gold (increase—)-23-66-9-7114-26
SDRs (increase—)-144-95-17-2-30-175
Reserve position in the Fund
(increase—)57-100-26-6716-231
Other short-term assets
(increase—)-98-399-971-251-210-108
Short-term liabilities22-111
Total-64-707-137-14-307-249-307
Source: Netherlands Bank.

Positive figures are credits; negative figures are debits.

Preliminary.

Including the balance of merchandise transactions abroad.

Source: Netherlands Bank.

Positive figures are credits; negative figures are debits.

Preliminary.

Including the balance of merchandise transactions abroad.

Table 71.Norway: Balance of Payments Summary, 1969-First Quarter 1971 1(In millions of U.S. dollars)
1970 21971 2
19691970 2First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers
Exports f.o.b.2,2152,468583635589661625
Imports f.o.b.-2,910-3,661-796-924-809-1,132-910
Trade balance-695-1,193-213-289-220-471-285
Services and unrequited trans-
fers (net)8291,011206241283281251
Total134-182-7-4863-190-34
Memorandum item: Goods, Services,
and Private Unrequited Transfers168-1483-4070-181-23
B. Long-Term Capital, n.i.e.
Private-128111134-3911538
Official-20-16-4-4-3-5-5
Total-14895-330-4211033
C. Total (A plus B)-14-87-10-1821-80-1
D. Short-Term Capital, n.i.e.
(including net errors and omis
sions)
Nonmonetary sectors capital-7146-4-13-87150
Net errors and omissions171481571-1072-15
Total-541941158-1814335
E. Commercial Bank Capital
Liabilities105-29-98-172462-18
Assets (increase—)-47-142-3316-2631
Total58-30-56-50403613
F. Total (C through E)-1077-55-10439947
G. Allocation of SDRs2525—-26
H. Total (F plus G)-10102-30-10439973
I. Official Monetary Movements
Gold (increase—)-22-1-1-610
SDRs (increase—)-27-27-28
Reserve position in the Fund
(increase—)-15-32-5-4-2318
Other short-term assets
(increase—)19-426320-36-89-51
Short-term liabilities8-3-933-12
Total10-1023010-43-99-73
Source: Central Bureau of Statistics of Norway.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Central Bureau of Statistics of Norway.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 72.Sweden: Balance of Payments Summary,1969 and 19701(In millions of U.S. dollars)
1970 2
196919702First quarterSecond quarterThird quarterFourth quarter
A. Goods, Services, and Unrequited Transfers
Exports f.o.b.5,6626,7321,4791,7111,6201,922
Imports f.o.b.-5,835-6,945-1,686-1,788-1,612-1,859
Trade balance-173-213-207-77863
Services and unrequited transfers (net)-46-110-31-15-24-40
Total-219-323-238-92-1623
Memorandum item: Goods, Services, and Private Unrequited Transfers-109-225- 226—78871
B. Long-Term Capital, n.i.e.
Private
Direct investment-82-87-5-45-14-23
Other105277573172117
Official-48-29-1-5-5-18
Total-2516151-195376
C. Total (A plus B)-244-162-187-1113799
D. Short-Term Capital, n.i.e. (including net
errors and omissions)
Private nonmonetary-478204378
Official2-10-1-1-8
Net errors and omissions-8017590109-4521
Total-82243110151—3921
E. Commercial Bank Capital
Liabilities171547613512-169
Assets (increase—)14-132-76-18310117
Total185-78-4822-52
F. Total (C through E)-1413-77-82068
G. Allocation of SDRs3338
H. Total (F plus G)-14141-39-82068
I. Official Monetary Movements
Gold (increase—)-126125
SDRs (increase—)-38-38
Reserve position in the Fund (increase—)63-25-25
Other short-term assets (increase—)57-28769-23-90
Short-term liabilities2224-1322
Total141-41398-20-68
Source: Sveriges Riksbank.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: Sveriges Riksbank.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 73.United Kingdom: Balance of Payments Summary, 1969-FirstQuarter 19711(In millions of U.S. dollars)
1970219712
FirstSecondThirdFourthFirst
19691970 2quarterquarterquarterquarterquarter
A. Goods, Services, and Unrequited
Transfers (“seasonally adjusted)
Exports f.o.b.16,94618,9244,6224,7094,4885,1054,774
imports f.o.b. (excluding U.S.
military aircraft)-17,138-18,894-4,481-4,798-4,647-4,968-4,937
Payments for U.S. military aircraft-146-23-2-14-7-12
Trade balance-3387139-89-173130-175
Investment income1,1091,234271343315305365
Services and unrequited transfers
(net)2782501139943-5-5
Total1,0491,491523353185430185
Seasonal influence-236-8450-96
Unadjusted total1,0491,49152138910148089
Memorandum item: Goods, Services,
and Private Unrequited Transfers,
Seasonally Adjusted1,4711,897629435288545286
B. Long-Term Capital, n.i.e.
Official-235-492-115-91-48-238-96
Private investment (net)
Abroad (increase—)-1,601-1,682-461-290-494-437-545
In United Kingdom1,7781,551543389254365955
Total-58-623-338-288-310314
C. Total (A plus B), unadjusted991868488397-187170403
D. Net Errors and Omissions809312593-334-209262919
E. Short-Term Capital Movements, n.i.e.
Trade credit-408-703-134-130-86-353-142
U.K. banks’ net liabilities in
foreign currencies
Euro-dollar financing of new
private investment abroad173442297715618096
Other-259708307211-204394149
Sterling liabilities other than
to central monetary insti
tutions, BIS, and IMF
Sterling area countries-298372892044138194
Other-10223185-29-5812534
Other-43374212-6528199191
Total-8451,416688268-123583522
F. Total (C through E)9552,5961,769331-5191,0151,844
G. Allocation of SDRs410410300
H. Total (F plus G)9553,0062,179331-5191,0152,144
I. Official Monetary Movements
Gold (increase—)3122215105226
SDRs (increase—)-266-30520163-216
Convertible currency reserves
(increase—)-108-156120-10194-269-499
Other claims (increase—)-500
Use of Fund credit, including
gold deposit liability-36-421-251-20-21-129-690
Official liabilities in foreign
currency-146-360-360
Sterling counterpart of official
borrowing-1,458-2,427-1,815-444377-545-957
Other sterling liabilities to cen-
tral monetary institutions
Sterling area countries90049237722655-166466
Other countries-1101053-12-17-1426
Total-955-3,006-2,179-331519-1,015-2,144
Source: U. K. Central Statistical Office, Economic Trends, June 1971, which gives these statistics in pounds sterling.

Positive figures are credits; negative figures are debits.

Preliminary.

Source: U. K. Central Statistical Office, Economic Trends, June 1971, which gives these statistics in pounds sterling.

Positive figures are credits; negative figures are debits.

Preliminary.

Table 74.United States: Balance of Payments Summary, Seasonally Adjusted, 1969-First Quarter 19711(In millions of U.S. dollars)
197019712
19691970First quarterSecond quarterThird quarterFourth quarterFirst quarter
A. Goods, Services, and Unrequited
Transfers (excluding aid)
Exports f.o.b.36,49041,98010,24110,58210,69610,46111,032
Imports f.o.b.-35,830-39,870-9,728-9,831-9,992-10,319-10,760
Trade balance6602,110513751704142272
Investment income4,3944,4731,1511,0031,1331,1881,282
Military expenditures-3,341-3,371-908-808-884-770-677
Other services, remittances,
and pensions (excluding aid
and military transfers)-968-1,030-213-263-317-241-177
Total7452,182543683636319700
B. Official Aid and Nonmonetary
Sectors’ Selected Capital
Advance repayments on U.S.
Government loans and other
special financial transactions-87244881142404
Other government capital and
grants-3,750-3,576-929-871-840-935-1,035
Direct investment abroad-3,254-4,445-1,358-1,257-897-934-1,357
Portfolio investment abroad-1,601-1,336-567129-595-303-335
Foreign direct and portfolio
investment in United States4,8054,3289568561,2721,244695
Total-3,887-4,785-1,810-1,029-1,058-888-2,028
C. Total (A plus B)-3,142-2,603-1,267-346-422-569-1,328
D. Net Errors and Omissions-2,603-1,132-62-430-433-207-1,268
E. Short-Term Capital, n.i.e.
Foreign nonliquid capital354394133-73206129-88
Foreign liquid capital-504265-965-68277338
U.S. private assets (increase—)-569-1,105-13-396-260-436-332
Total-719-446111-404-122-30-82
F. Liquid Liabilities to Foreign
Commercial Banks9,166-6,507-1,863-441-1,315-2,888-3,025
G. Total (D through F)5,844-8,085-1,814-1,275-1,870-3,125-4,375
H. Total (C plus G)2,702-10,688-3,081-1,621-2,292-3,694-5,703
I. Allocation of SDRs867217217217216180
J. Total (H plus I)2,702-9,821-2,865-1,402-2,077-3,476-5,523
K. “Official Settlements”3
Gold (increase—)-967787-4414395422109
SDRs (increase—)-851-270-254-251-76—55
Reserve position in the Fund
(increase—)-1,034389-2532274069255
U.S. convertible currency hold-
ings (increase—)8142,15283181834469373
Liabilities to foreign official
agencies
Nonliquid liabilities-998-275-420500-245-111-224
Liquid liabilities-5177,6193,021971,7382,7635,065
Total-2,7029,8212,8651,4022,0773,4765,523
Memorandum item: Change
(increase—) in monetary reserve
assets net of liauid liabilities 4
Including SDR allocations6,9583,8541,4135269399763,060
Excluding SDR allocations6,9584,7211,6307431,1561,1923,240
Source: U.S. Department of Commerce, Survey of Current Business, June 1971.

Positive figures are credits; negative figures are debits.

Preliminary. Yearly figures are totals of quarterly data.

In this group, the adjustments for seasonal factors are attributed entirely to the increase in SDR holdings resulting from allocation and to the series for liabilities.

Representing the financing of the deficit or surplus on the “liquidity basis” covering the liquid liabilities included in Groups E, F, and K and the official reserve assets in Group K.

Source: U.S. Department of Commerce, Survey of Current Business, June 1971.

Positive figures are credits; negative figures are debits.

Preliminary. Yearly figures are totals of quarterly data.

In this group, the adjustments for seasonal factors are attributed entirely to the increase in SDR holdings resulting from allocation and to the series for liabilities.

Representing the financing of the deficit or surplus on the “liquidity basis” covering the liquid liabilities included in Groups E, F, and K and the official reserve assets in Group K.

Table 75.Primary Producing Countries—More Developed Areas: Balance of Payments Summaries, 1969 and 1970 1,2(In millions of U.S. dollars)
Goods,Other
Services,Short-
andTerm
ServicesPrivateCentralCapital
TradeandUnrequitedGovernPrivateBasicand Net
BalancePrivateTransfersmentLong-BalanceErrorsTotal5
ExportsImports(Cols.Unrequited(Cols.CapitalTerm(Cols. 5and(Cols.
f.o.b.f.o.b31 + 2)Transfers3 + 4)and Aid 4Capitalthrough 7)Omissions8 + 9)
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)
Australia19694,030-3,750280-1,036-756-261876-141-40-181
19704,616-4,099517-1,159-642-3581,03030316431
Finland19691,976-2,028 6-5251-1143043-51-8
19702,294-2,644 6-350129-221-7592-204301118
Greece1969530-1,434 6-904552-35272182-9893-5
1970612-1,705 6-1,093679-4145279-130106-7
Iceland1969107-107448618-126
1970146-1433585-211922
Ireland1969950-1,454 6-504316-1882246-120267147
19701,104-1,603 6-499350-14926-123115 75
Malta196934-132-9881-1713-11-153-12
197034-145-11179-32717-81711
New Zealand19691,194-858336-231105-25-575-1857
19701,250-1,022228-259-31115-15213
Portugal1969923-1,428-5055605543392-4250
19701,056-1,683-62771083-2947101-4259
South Africa19693,391-3,009382-791-4092287-12038-82
19703,150-3,609-459-689-1,148202358-588168—386
Spain19691,994-3,865-1,8711,461-4101448084-336-252
19702,457-4,337-1,8801,96080-2269675458854
Turkey1969537-726-18931-15834127210-106104
1970588-850-262152-11045168409-124303
Yugoslavia19691,474-2,134 6-660595-65345280-125155
19701,681-2,876 6-1,195848-347262-85-53—112
Total196917,140-20,925-3,7851,593-2,1925491,951308-329-21
197018,988-24,716-5,7282,805-2,9234752,6001528731,311
Source: International Monetary Fund, Balance of Payments Yearbook.

Positive figures are credits; negative figures are debits.

Data for 1970 are preliminary and include Fund staff estimates.

F.o.b. unless otherwise noted.

Includes net aid given or net aid received.

Reflects net official reserve movements, i.e., changes in foreign liabilities of countries’ central monetary institutions in addition to changes in their official holdings of gold, SDRs, and foreign exchange and changes in their net Fund positions. The 1970 totals include SDR allocations, totaling $285 million, which are not included in tne components. Allocations, by country, are given in Table 55 on page 170.

C.i.f.

Including private long-term capital.

Source: International Monetary Fund, Balance of Payments Yearbook.

Positive figures are credits; negative figures are debits.

Data for 1970 are preliminary and include Fund staff estimates.

F.o.b. unless otherwise noted.

Includes net aid given or net aid received.

Reflects net official reserve movements, i.e., changes in foreign liabilities of countries’ central monetary institutions in addition to changes in their official holdings of gold, SDRs, and foreign exchange and changes in their net Fund positions. The 1970 totals include SDR allocations, totaling $285 million, which are not included in tne components. Allocations, by country, are given in Table 55 on page 170.

C.i.f.

Including private long-term capital.

Table 76.Primary Producing Countries—Less Developed Areas: Balance of Payments Summaries, 1969 and 1970 12(In millions of U.S. dollars)
1969
Goods,Other
Services,Short-
andTerm
ServicesPrivateCentralBasicCapital
TradeandUnrequitedGovernPrivateBalanceand Net
BalancePrivateTransfersmentLong-(Cols. 5ErrorsTotal 5
ExportsImports(Cols.Unrequited(Cols.CapitalTermthroughand(Cols.
f.o.b.f.o.b.31 + 2)Transfers3 + 4)and Aid4Capital7)Omissions8 + 9)
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)
Western Hemisphere
Argentina1,612-1,576 636-256-220-1858-180-52-232
Bolivia178-1735-56-51115-604-4
Brazil2,311-1,993318-671-353-32557172294466
Chile1,173-927 6246-252-6417-185226-56170
Colombia672-64824-234-21011815866-1155
Costa Rica190-222-32-24-56328-254318
Dominican Republic184-210-26-51-771245-2019-1
Ecuador188-220-31-70-1021562-25283
El Salvador202-1939-32-2313133-3
Guatemala263-24122-36-1474033-258
Guyana128-118 610-27-17116-3-3
Haiti38-42-41-3535-41
Honduras171-1701-35-34249-1-1-2
Jamaica257-381-1244-12011104-53-2
Mexico1,429-2,091 6-662-67-72990614-254823
Nicaragua157-158-1-39-401021-95-4
Panama131-285-154108-4614522121-2893
Paraguay55-81-26-9-351123—1-1-2
Peru881-674207-212-57729101-6833
Trinidad and Tobago500-481619-58-39-6472-9-7
Uruguay200-1973-21111325-817
Venezuela2,523-1,629894-1,147-25310191-617211
Subtotal, Western
Hemisphere13,443-12,710733-3,166-2,4331,1401.699406240646
Asia
Burma126-142-16-31-47-473-44
Ceylon321-446 6-125-17-142128-2-163-13
China, Republic of1,081-1,100-19-17-36-13168119-2495
Fiji55-73 6-18-18-21-19212
India1,864-2,084 6-220-67-287736-37412-43369
Indonesia995-9932-363-36123643-8234-48
Khmer Republic66-99-336-2712-157-8
Korea658-1,650-992338-6542934014079119
Malaysia1,629-1,150479-2632165657329-197132
Pakistan644-967-323-90-41332314656-2036
Philippines874-1,132-258-25-28312890-6524-41
Singapore1,461-1,916-455223-2321347-17226896
Thailand686-1,229 6-543268-27566105-10468-36
Viet-Nam33-853 6-820282-538473-655-60
Subtotal, Asia10,493-13,834-3,341244-3,0972,4491,019371228599
Middle East
Cyprus95-181-8671-15-12151621
Iran2,144-1,734 6410-950-54051510277-5522
Iraq1,045-443 6602-450152-3526143-12518
Israel747-1,152-405-8-41314759-207-166-373
Jordan41-189 6-148-26-1741412-316-25
Saudi Arabia1,785-7761,009-94564-87-39-62-59-121
Syrian Arab Republic201-354 6-153106-476-4125-16
United Arab Republic735-962 6-227-69-296246-15-6530-35
Yemen, People’s
Democratic Republic of155-2076-5251-187-10-3
Subtotal,
Middle East6,948-5,998950-2,220-1,270940156-174-338-512
Africa
Algeria902-953-51-177-2286530-13350-83
Congo, Democratic
Republic of684-406278-279-155547761
Ethiopia119-130-11-12-23231010-64
Gabon165-9669-90-2113124-7-3
Ghana348-29058-108-504510516
Ivory Coast480-3696111-11147754-57-3
Kenya250-338 6-8857-313843501060
Libyan Arab Republic2,168-680 61,488-1,040448-136138450-74376
Malawi52-73-21-26-473213-2-2
Mali23-38-15-16-3122-9-6-15
Mauritius66-597-256213-211
Morocco484-522-3813-2571753-2924
Nigeria874-6416233-409-17629139-82113
Rwanda15-21-6-631-21-1
Sierra Leone105-987-20-135179110
Somalia34-56 6-22-2-24272516
Sudan260-258 62-31-2935-15-12-7
Tanzania249-2496252512-2116-151
Tunisia166-257-9111-8074148-44
Uganda220-199 621-30-921-39-72
Zambia1,067-439628-30732118339—1627177
Subtotal, Africa8,731-6,1722,559-2,5545505420930-289641
Total39,615-38,714901-7,696-6,7955,0343,2941,533-1591,374
Western Hemisphere
Argentina1,770-1,680690-224-134-5297-89194163
Bolivia197-16928-60-32202210-96
Brazil2,739-2,450289-791-50214237717458534
Chile1,130-1,0206110-165-54400346—2447123
Colombia799-821-22-262-284106124-547239
Costa Rica229-287-58-32-901035-4528-12
Dominican Republic213-267-54-60-1141679-1914
Ecuador238-272-34-95-1292811716-201
El Salvador229-21613-14—1-186-46
Guatemala298-26731-32-1144255-4217
Guyana134-1346-20-20109-1-5-3
Haiti39-48-95-4736-53
Honduras175-2246-49-19-682719-225-14
Jamaica299-439-1404-136-215214122
Mexico1,399-2,4786-1,07944-1,035232454-34937975
Nicaragua178-178-41-41193210-211
Panama130-332-202118-84225-20121125
Paraguay65-76-11-8-1997-388
Peru1,032-695337-21212595-7814228184
Trinidad and Tobago502-541 6-39-50-891375-1814
Uruguay224-19727-71-449-35—17-26
Venezuela2,642-1,789853-994-14112846331287
Subtotal, Western
Hemisphere14,662-14,58082-2,979-2,8971,4551,6001588751,363
Asia
Burma122-153-31-38-697-62-3-56
Ceylon338-3936-55-24-79834-116
China, Republic of1,465-1,37491-8011-812212573198
Fiji55-75 6-20-1-21127-242
India1,896-2,237 6-341-103-444684-23217-32311
Indonesia1,181-1,13942-443-40130556-404337
Khmer Republic40-48-82-6822
Korea882-1,761-879195-684202326-15621668
Malaysia1,662-1,328334-269652167153-13935
Pakistan672-1,207-535-163-698321199-17852-94
Philippines1,082-1,090-8-26-34114125205-107116
Singapore1,446-2,302-856221-63539119-477661184
Thailand688-1,2676-579260-31945105-169100-69
Viet-Nam13-850 6-837325-512478-1-352-26
Subtotal, Asia11,542-15,224-3,682-144-3,8262,3111,102-413869724
Middle East
Cyprus104-206-10279-2352352432
Iran2,425-1,7716654-1,030-376425111160-278-97
Iraq1,102-4816621-510111-2647132-10824
Israel792-1,281-489-97-5865799891-8917
Jordan35-180 6-14516-129108-4-2515-7
Saudi Arabia2,090-7851,305-1,159146-84104166-7987
Syrian Arab Republic197-3476-15090-60121-471-39
United Arab Republic817-1,1916-374-84-458432-10-36198
Yemen, People’s
Democratic Republic of170-2086-384131316-1674
Subtotal,
Middle East7,732-6,4501,282-2,654-1,3721,464370462-51129
Africa
Algeria910-1,044-134-116-25072-178627-103
Congo, Democratic
Republic of798-6176181-242-6154-17-24-4-13
Ethiopia123-144-21-21-42175-2019-1
Gabon174-10074-88-1419—1416
Ghana424-33787-115—28222115733
Ivory Coast496-43165-108-43432020831
Kenya278-4176-13977-62385733442
Libyan Arab Republic2,366-56761,799-1,235564-11114760059659
Malawi58-82 6-24-22-46481337
Mali30-39-9-20-2911-1897-6
Mauritius68-65314318616
Morocco492-602-1108-1025714-314832
Nigeria1,205-1,005 6200-379-1795618764888
Rwanda25-26 6-1-1658
Sierra Leone101-103-2-19-2162057
Somalia37-51-14-3-172253710
Sudan287-3016-14-29-4330-13-1-4
Tanzania257-3306-7320-5334-19-27-15
Tunisia179-2866-107-14-121834911623
Uganda261-205 656-46102232-3374
Zambia984-4406544-389155-34121167145
Subtotal, Africa9,553-7,1922,361-2,740-379498504623219969
Total43,489-43,44643-8,517-8,4745,7283,5768301,4523,085
Source: International Monetary Fund, Balance of Payments YearbookFor footnotes, see Table 75.
Source: International Monetary Fund, Balance of Payments YearbookFor footnotes, see Table 75.

    Other Resources Citing This Publication