Financial Accounts of the United States - Z.1
F.4.c Consumption of Fixed Capital
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2018 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 3273.4 | 3435.6 | 3575.9 | 3847.9 | 3696.0 | 3787.9 | 3895.8 | 4011.8 | 4143.9 | 1 |
| All domestic sectors; consumption of fixed capital, structures | FA886300065 | 1188.4 | 1242.3 | 1281.0 | 1379.0 | 1323.2 | 1357.3 | 1396.5 | 1439.1 | 1487.4 | 2 |
| All domestic sectors; consumption of fixed capital, equipment | FA886300025 | 1086.5 | 1128.0 | 1158.0 | 1246.3 | 1197.0 | 1226.7 | 1262.0 | 1299.5 | 1342.3 | 3 |
| All domestic sectors; consumption of fixed capital, nonresidential intellectual property products | FA886330075 | 998.6 | 1065.2 | 1136.8 | 1222.4 | 1175.6 | 1203.7 | 1237.2 | 1273.0 | 1314.0 | 4 |
| All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis | FA886330035 | 391.8 | 427.0 | 457.5 | 492.8 | 473.4 | 485.1 | 499.0 | 513.8 | 530.8 | 5 |
| All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis | FA886330045 | 529.0 | 557.3 | 595.8 | 639.6 | 615.9 | 630.1 | 647.0 | 665.2 | 686.1 | 6 |
| Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis | FA836330053 | 77.8 | 80.8 | 83.5 | 90.0 | 86.3 | 88.5 | 91.2 | 94.0 | 97.2 | 7 |
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 3273.4 | 3435.6 | 3575.9 | 3847.9 | 3696.0 | 3787.9 | 3895.8 | 4011.8 | 4143.9 | 8 |
| Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA156300003 | 574.8 | 600.3 | 631.0 | 706.4 | 670.1 | 694.4 | 720.0 | 741.0 | 773.1 | 9 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (NIPA basis) (1) | FA106300003 | 1561.2 | 1644.8 | 1707.6 | 1811.1 | 1748.4 | 1783.7 | 1829.1 | 1883.2 | 1940.9 | 10 |
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA116300001 | 337.4 | 351.7 | 364.1 | 394.6 | 377.4 | 387.8 | 399.9 | 413.1 | 428.4 | 11 |
| Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA316300001 | 284.9 | 293.3 | 303.5 | 320.3 | 312.7 | 317.1 | 322.6 | 328.8 | 336.3 | 12 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 280.5 | 293.7 | 302.8 | 325.2 | 312.0 | 320.7 | 328.9 | 339.4 | 350.8 | 13 |
| Domestic financial sectors; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial and excluding REIT residential structures, current cost basis (IMA) (2) | FA796300081 | 234.6 | 251.8 | 266.8 | 290.3 | 275.3 | 284.1 | 295.3 | 306.3 | 314.3 | 14 |
| Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA716330005 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 15 |
| Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA706330005 | 43.1 | 50.2 | 58.3 | 64.3 | 60.5 | 62.7 | 65.5 | 68.3 | 70.6 | 16 |
| U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA766330005 | 32.3 | 38.7 | 44.2 | 49.0 | 45.9 | 47.7 | 50.0 | 52.2 | 54.1 | 17 |
| Foreign banking offices in the U.S.; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA756330005 | 4.3 | 5.4 | 6.8 | 7.3 | 7.0 | 7.2 | 7.5 | 7.7 | 7.9 | 18 |
| Banks in U.S.-affiliated areas; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA746330005 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 19 |
| Credit unions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA476330005 | 6.3 | 5.9 | 7.2 | 7.8 | 7.4 | 7.6 | 7.9 | 8.2 | 8.4 | 20 |
| Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products | FA516330005 | 24.6 | 26.4 | 28.5 | 30.8 | 29.3 | 30.2 | 31.4 | 32.5 | 33.3 | 21 |
| Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA546330005 | 18.5 | 19.9 | 21.6 | 23.4 | 22.2 | 22.9 | 23.8 | 24.6 | 25.2 | 22 |
| Private pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA576330005 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 23 |
| State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA226330005 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 24 |
| Government-sponsored enterprises; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA406330005 | 0.8 | 0.8 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 25 |
| Issuers of asset-backed securities; consumption of fixed capital; nonresidential equipment, current cost basis | FA676330023 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26 |
| Finance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis | FA616330005 | 75.8 | 78.2 | 77.4 | 83.9 | 79.7 | 82.2 | 85.3 | 88.3 | 90.5 | 27 |
| Real estate investment trusts; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (1) | FA126330005 | 6.9 | 7.3 | 7.6 | 8.3 | 7.9 | 8.1 | 8.4 | 8.7 | 8.9 | 28 |
| Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA666330005 | 24.4 | 26.7 | 29.2 | 31.6 | 30.1 | 31.0 | 32.2 | 33.3 | 34.1 | 29 |
| Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA736330005 | 39.0 | 40.8 | 42.3 | 45.8 | 43.5 | 44.9 | 46.6 | 48.2 | 49.4 | 30 |
| Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) | FA156300103 | 1106.4 | 1154.5 | 1208.5 | 1306.7 | 1221.9 | 1259.3 | 1344.1 | 1401.4 | 1464.0 | 31 |
NOTES
- Equity REIT residential structure consumption of fixed capital is included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the Financial Accounts, equity REIT residential structure consumption of fixed capital is included with the financial business sector.
- Domestic financial subsector detail, including REITs, are based on FRB staff estimates.
- Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector capital expenditures.
Last Update: June 9, 2022