Financial Accounts of the United States - Z.1
F.230 Direct Investment
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | 232.0 | 378.7 | 353.8 | 204.7 | 375.6 | 331.8 | 410.9 | 160.5 | 512.0 | 1 |
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | FA263192101 | 291.2 | 426.1 | 383.5 | 280.8 | 570.7 | 504.9 | 330.3 | 312.3 | 386.4 | 2 |
| Rest of the world; U.S. direct investment abroad: equity other than reinvested earnings; liability | FA263192113 | 133.4 | 91.7 | 99.8 | 4.4 | 152.0 | 300.8 | 50.0 | 63.6 | -15.1 | 3 |
| Rest of the world; U.S. direct investment abroad: reinvested earnings; liability (current cost) | FA263192125 | 157.8 | 334.3 | 283.7 | 276.4 | 418.7 | 204.2 | 280.3 | 248.7 | 401.5 | 4 |
| Rest of the world; U.S. direct investment abroad: current-cost adjustment on reinvested earnings; liability | FA263192193 | 27.5 | 28.8 | 29.7 | 28.9 | 29.0 | 29.4 | 29.6 | 29.7 | 30.1 | 5 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 232.9 | 347.0 | 335.6 | 219.7 | 452.3 | 349.0 | 309.3 | 254.2 | 430.1 | 6 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | FA763092100 | 3.8 | 11.3 | -2.6 | -7.6 | 20.6 | 23.5 | 1.3 | -9.3 | -25.7 | 7 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | FA513092103 | 21.6 | 17.7 | 11.6 | 19.9 | 20.5 | 18.0 | 1.8 | 22.0 | 4.6 | 8 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | -0.5 | -0.4 | -1.2 | 1.6 | -2.1 | 7.2 | -4.1 | -1.1 | -6.9 | 9 |
| Finance companies; U.S. direct investment abroad: equity (market value) | FA613092103 | 12.3 | 25.2 | 30.9 | 17.6 | 20.0 | 37.7 | 22.6 | 36.1 | 27.0 | 10 |
| Security brokers and dealers; U.S. direct investment abroad: equity (market value) | FA663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11 |
| Holding companies; U.S. direct investment abroad: equity (market value) | FA733092103 | 21.2 | 25.2 | 9.2 | 29.6 | 59.5 | 69.5 | -0.4 | 10.4 | -42.6 | 12 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability | FA263192305 | -59.2 | -47.4 | -29.7 | -76.2 | -195.1 | -173.2 | 80.6 | -151.9 | 125.6 | 13 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | FA263192313 | -55.2 | 13.1 | -6.2 | 79.3 | -257.3 | 15.5 | 47.9 | -99.4 | 11.2 | 14 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | FA263092313 | 4.0 | 60.5 | 23.5 | 155.5 | -62.1 | 188.7 | -32.6 | 52.5 | -114.4 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -50.2 | -39.0 | -19.8 | -64.9 | -159.8 | -145.2 | 79.6 | -126.5 | 113.0 | 16 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | FA763092305 | -2.3 | -1.9 | -1.5 | -1.1 | -9.0 | -5.8 | -0.3 | -4.1 | 4.0 | 17 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | FA513092305 | -1.3 | -1.5 | -1.9 | -2.3 | -6.1 | -5.1 | 0.3 | -4.8 | 2.0 | 18 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.7 | -0.6 | -0.5 | -0.9 | -1.8 | -1.4 | 0.1 | -1.2 | 0.7 | 19 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | FA613092305 | -2.7 | -2.1 | -2.9 | -3.4 | -8.9 | -7.4 | 0.4 | -7.3 | 2.8 | 20 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | FA663092305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 21 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | FA733092305 | -2.0 | -2.3 | -3.2 | -3.5 | -9.5 | -8.3 | 0.5 | -7.9 | 3.1 | 22 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) (1) | FA263092001 | 109.1 | 405.3 | 306.4 | 499.8 | 505.0 | 298.3 | 296.0 | 339.1 | 292.2 | 23 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FA103192105 | 157.4 | 360.5 | 262.0 | 384.6 | 424.7 | 289.0 | 255.4 | 283.6 | 220.1 | 24 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | FA115114103 | 1.4 | 0.2 | -0.3 | -3.5 | -1.0 | 1.5 | -1.3 | 0.1 | -1.4 | 25 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | FA753192103 | 7.9 | -1.7 | 7.9 | 17.6 | 5.0 | -0.1 | 6.3 | 11.4 | 14.1 | 26 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | FA513192103 | -3.1 | 6.0 | 10.3 | 6.9 | 8.1 | 8.9 | 13.7 | 7.1 | 11.6 | 27 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 3.3 | 1.0 | -12.8 | -5.1 | -4.5 | -3.5 | -27.7 | 1.6 | -21.7 | 28 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | FA613192103 | 3.5 | 6.9 | 5.7 | 6.6 | 5.8 | 5.4 | 5.9 | 5.6 | 5.9 | 29 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192103 | 21.8 | 41.8 | -19.3 | 52.2 | 53.4 | -27.1 | -81.1 | -44.0 | 75.2 | 30 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | FA733192103 | -24.4 | -33.9 | 50.2 | 7.7 | -83.2 | 22.9 | 129.8 | 80.8 | -32.6 | 31 |
| Other financial business; foreign direct investment in U.S.: equity; liability (market value) | FA503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 32 |
| Rest of the world; foreign direct investment in U.S.: equity; asset (market value) (1) | FA263092101 | 167.8 | 380.8 | 303.8 | 466.9 | 408.3 | 297.0 | 300.9 | 346.1 | 271.1 | 33 |
| Rest of the world; foreign direct investment in U.S.: equity other than reinvested earnings; asset | FA263092113 | 87.5 | 168.9 | 105.1 | 235.8 | 182.2 | 97.2 | 118.9 | 137.7 | 66.4 | 34 |
| Rest of the world; foreign direct investment in U.S.: reinvested earnings; asset (current cost) | FA263092125 | 80.3 | 211.9 | 198.7 | 231.1 | 226.1 | 199.7 | 182.0 | 208.4 | 204.7 | 35 |
| Rest of the world; foreign direct investment in U.S.: current-cost adjustment on reinvested earnings; asset | FA263092193 | 14.1 | 16.1 | 16.5 | 16.4 | 16.6 | 16.5 | 16.5 | 16.5 | 16.4 | 36 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -63.8 | 19.7 | 32.8 | 64.2 | 54.2 | -1.1 | 33.4 | 31.1 | 68.0 | 37 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: interncompany debt; liability (market value) | FA115114305 | -1.0 | -0.1 | -0.4 | -0.4 | 0.6 | -0.0 | -0.4 | -0.3 | -0.7 | 38 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA753192305 | -2.3 | -1.9 | -0.9 | 0.1 | 1.5 | -1.0 | -0.7 | -0.4 | -1.7 | 39 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA513192305 | -0.9 | -0.2 | 0.3 | -0.1 | 1.6 | 0.5 | 0.7 | -0.0 | 0.1 | 40 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | 0.3 | -0.4 | -0.5 | -0.9 | 0.9 | 0.2 | -2.2 | 0.3 | -0.2 | 41 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA613192305 | -0.8 | 0.5 | -0.1 | 0.4 | 1.4 | 0.2 | 0.1 | -0.0 | -0.5 | 42 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192305 | 0.6 | 1.8 | 0.0 | 2.6 | 4.0 | -1.7 | -3.5 | -3.0 | 8.3 | 43 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA733192305 | 9.1 | 5.1 | -28.7 | -33.2 | 32.5 | 4.4 | -32.3 | -34.6 | -52.3 | 44 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 45 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | FA263092303 | -58.7 | 24.5 | 2.7 | 32.8 | 96.7 | 1.4 | -4.9 | -7.0 | 21.1 | 46 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | FA263092323 | -22.9 | 7.1 | 7.5 | 23.5 | 42.9 | 17.0 | 15.4 | 7.0 | -9.2 | 47 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | FA263192323 | 35.7 | -17.4 | 4.9 | -9.4 | -53.8 | 15.6 | 20.3 | 14.0 | -30.3 | 48 |
NOTES
- Direct investment is presented on a directional basis and reported at market value.
- Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
Last Update: March 9, 2023