Table 2
Current account – Seasonally adjusted

Current account – Seasonally adjusted
  Fourth quarter 2011 First quarter 2012 Second quarter 2012 Third quarter 2012 Fourth quarter 2012 2011 2012
  millions of dollars
Current account receipts 161,591 159,515 155,606 153,453 155,658 615,948 624,232
Goods and services 141,878 139,150 137,531 133,665 135,479 539,289 545,825
Goods 120,755 118,724 116,574 112,765 114,481 456,518 462,544
Services 21,123 20,426 20,957 20,900 20,998 82,771 83,281
Travel 4,325 4,307 4,298 4,316 4,429 16,624 17,350
Transportation 3,698 3,685 3,609 3,483 3,496 14,294 14,273
Commercial services 12,696 12,022 12,636 12,689 12,663 50,285 50,010
Government services 403 412 414 412 410 1,568 1,649
Primary income 17,303 18,117 15,816 17,668 17,888 67,837 69,490
Compensation of employees 291 302 304 301 297 1,154 1,205
Investment income 17,012 17,815 15,512 17,368 17,591 66,683 68,285
Direct investment 10,870 11,911 9,679 11,432 11,757 42,480 44,778
Interest 576 721 771 735 737 2,246 2,964
Profits 10,295 11,190 8,908 10,696 11,020 40,234 41,814
Portfolio investment 4,756 4,503 4,414 4,560 4,496 18,975 17,973
Interest on debt securities 1,232 1,227 1,206 1,245 1,253 5,088 4,931
Dividends on equity and investment fund shares 3,524 3,276 3,208 3,315 3,243 13,887 13,042
Other investment 1,385 1,401 1,419 1,376 1,338 5,228 5,534
Secondary income 2,410 2,248 2,259 2,120 2,290 8,822 8,918
Private transfers 529 533 539 513 516 2,180 2,102
Government transfers 1,881 1,715 1,720 1,606 1,774 6,642 6,815
Current account payments 173,882 173,237 173,526 171,497 172,917 668,240 691,176
Goods and services 144,881 145,447 147,432 144,990 144,403 561,399 582,273
Goods 118,260 118,968 120,334 117,856 117,264 455,606 474,422
Services 26,621 26,479 27,097 27,135 27,139 105,793 107,850
Travel 8,414 8,411 8,985 8,818 8,980 32,974 35,195
Transportation 6,044 5,953 5,950 6,079 6,050 23,912 24,031
Commercial services 11,843 11,808 11,855 11,929 11,800 47,627 47,392
Government services 320 308 307 308 309 1,280 1,232
Primary income 25,835 24,663 23,075 23,252 25,324 94,560 96,314
Compensation of employees 776 783 793 800 806 3,062 3,183
Investment income 25,059 23,880 22,282 22,452 24,518 91,498 93,132
Direct investment 13,602 12,537 10,686 10,912 12,765 47,093 46,900
Interest 976 932 925 922 910 3,869 3,690
Profits 12,625 11,605 9,760 9,990 11,854 43,224 43,209
Portfolio investment 9,655 9,618 9,848 10,000 10,160 37,832 39,626
Interest on debt securities 7,087 6,880 6,975 6,989 7,084 27,476 27,929
Dividends on equity and investment fund shares 2,568 2,737 2,873 3,011 3,076 10,357 11,697
Other investment 1,803 1,726 1,749 1,539 1,593 6,572 6,606
Secondary income 3,166 3,126 3,019 3,255 3,189 12,282 12,589
Private transfers 1,678 1,720 1,718 1,731 1,728 6,746 6,897
Government transfers 1,488 1,406 1,301 1,524 1,462 5,536 5,692
Current account balances -12,291 -13,722 -17,920 -18,044 -17,259 -52,292 -66,944
Goods and services -3,003 -6,297 -9,901 -11,325 -8,924 -22,110 -36,447
Goods 2,495 -244 -3,761 -5,091 -2,783 912 -11,879
Services -5,498 -6,053 -6,140 -6,234 -6,140 -23,022 -24,569
Travel -4,089 -4,104 -4,687 -4,502 -4,551 -16,350 -17,845
Transportation -2,345 -2,268 -2,341 -2,596 -2,553 -9,618 -9,758
Commercial services 853 214 781 760 863 2,658 2,618
Government services 84 104 107 104 101 289 416
Primary income -8,532 -6,547 -7,259 -5,583 -7,436 -26,723 -26,825
Compensation of employees -485 -481 -488 -500 -509 -1,908 -1,978
Investment income -8,047 -6,066 -6,770 -5,084 -6,927 -24,815 -24,847
Direct investment -2,731 -626 -1,007 519 -1,007 -4,613 -2,121
Interest -401 -211 -154 -187 -173 -1,623 -726
Profits -2,331 -415 -852 706 -834 -2,990 -1,395
Portfolio investment -4,898 -5,114 -5,434 -5,441 -5,664 -18,857 -21,653
Interest on debt securities -5,855 -5,653 -5,770 -5,744 -5,831 -22,388 -22,999
Dividends on equity and investment fund shares 956 539 336 304 167 3,531 1,346
Other investment -418 -325 -330 -163 -255 -1,345 -1,072
Secondary income -756 -878 -760 -1,135 -899 -3,459 -3,672
Private transfers -1,149 -1,187 -1,179 -1,217 -1,211 -4,566 -4,795
Government transfers 393 309 419 82 313 1,106 1,123