Головна |
A net international lender. Over time it has invested more abroad than foreigners have invested in
The United States. Thus net investment income represents the excess of interest and dividend payments
Which foreigners have paid the USA for the services of American exported capital over what
They paid in interest and dividends for their capital invested in the United States. Table 9 tells us
that, on balance, the net investment income earned the USA $ 14 billion worth of foreign currencies
for "exporting" the services of American money capital invested abroad.
Item 8 reflects net transfers, both public and private, from the United States to the rest of the
World. Included here is American foreign aid, pensions paid to Americans living abroad, and remittances
of immigrants to relatives abroad. Note that these $ 14 billion of transfers are "outpayments"
And exhaust available supplies of foreign exchange ..
By taking all the transactions in the current account into consideration we obtain the balance on
Current account shown by item 9 in Table T.14.1. In the given year, the United States realized a
current account deficit of $ 161 billion. This means that the American current account import
Transactions (items 2, 5, and 8) created a demand for a larger quantity of foreign currencies than