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  1. $Title{Table 18.: Summary of Balance of Payments, Selected Years, 1970-76 (in millions of United States dollars)}
  2.  
  3. ________________________________________________________________________________________________
  4.  
  5.                                                        1970      1974      1975      1976
  6. ________________________________________________________________________________________________
  7.  
  8. Current Account
  9.     Export of goods (f.o.b.)....................        802     2,007     2,180     2,680
  10.     Export of services..........................        595     1,642     1,585     1,740
  11.     Import of goods (c.i.f.)....................     -1,898    -5,028    -5,651    -5,419
  12.     Import of services..........................       -721    -1,956    -2,169    -2,270
  13.                                                       _____     _____     _____     _____
  14.       Balance of Goods and Services.............     -1,222    -3,335    -4,055    -3,269
  15. Private transfers (net).........................        666     1,039     1,125     1,104
  16. Transfers to the government (net)...............        -17       698       642     1,135
  17.       Current Account Balance...................       -573    -1,598    -2,288    -1,030
  18. Long-Term Capital
  19.     Direct investment in Israel.................         39        93        46        23
  20.     Other private long-term capital.............         44        89       106       130
  21.     Loans to the government.....................        380       295     1,289       784
  22.     Government securities abroad (net) .........        135       164       119       108
  23.     Other.......................................          4        28        14      -172
  24.                                                       _____     _____     _____     _____
  25.       Total Long-Term Capital...................        602       669     1,574       873
  26. Short-Term Capital (net)........................        -15       113       555       188
  27.       Total Capital Account.....................        587       782     2,129     1,061
  28. Reserves and Related Items......................        -14       816       159       -31
  29. ________________________________________________________________________________________________
  30.  
  31. Source: Based on information from Balance of Payments Yearbook, Vol. 29,
  32.         Washington, March 1978.
  33.