Financial Accounts of the United States - Z.1
L.230 Direct Investment
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| 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) | LM263192005 | 8225.9 | 9765.9 | 8259.8 | 9310.8 | 9765.9 | 9163.3 | 7744.9 | 7083.0 | 8259.8 | 1 |
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | LM263192101 | 8162.3 | 9749.7 | 8288.2 | 9245.8 | 9749.7 | 9187.2 | 7766.7 | 7142.8 | 8288.2 | 2 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6730.4 | 8044.9 | 6829.8 | 7634.5 | 8044.9 | 7553.2 | 6394.4 | 5869.9 | 6829.8 | 3 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | LM763092100 | 322.8 | 377.7 | 311.3 | 361.4 | 377.7 | 358.4 | 299.6 | 277.3 | 311.3 | 4 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | LM513092103 | 254.7 | 306.6 | 262.4 | 289.7 | 306.6 | 289.9 | 242.3 | 225.9 | 262.4 | 5 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 91.7 | 82.8 | 66.5 | 85.3 | 82.8 | 79.1 | 65.0 | 59.0 | 66.5 | 6 |
| Finance companies; U.S. direct investment abroad: equity (market value) | LM613092103 | 362.7 | 443.4 | 397.2 | 420.5 | 443.4 | 423.8 | 360.5 | 337.5 | 397.2 | 7 |
| Security brokers and dealers; U.S. direct investment abroad: equity (market value) | LM663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8 |
| Holding companies; U.S. direct investment abroad: equity (market value) | LM733092103 | 400.0 | 494.1 | 421.0 | 454.3 | 494.1 | 482.7 | 405.0 | 373.2 | 421.0 | 9 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability | LM263192305 | 63.6 | 16.3 | -28.4 | 65.0 | 16.3 | -24.0 | -21.8 | -59.8 | -28.4 | 10 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | LM263192313 | 746.5 | 759.6 | 746.4 | 823.9 | 759.6 | 766.6 | 768.4 | 743.6 | 746.4 | 11 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | LM263092313 | 682.9 | 743.4 | 774.8 | 758.9 | 743.4 | 790.5 | 790.3 | 803.4 | 774.8 | 12 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | 52.5 | 13.4 | -21.3 | 53.7 | 13.4 | -19.7 | -18.0 | -49.1 | -21.3 | 13 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | LM763092305 | 2.5 | 0.6 | -0.9 | 2.5 | 0.6 | -0.9 | -0.8 | -2.3 | -0.9 | 14 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | LM513092305 | 2.0 | 0.5 | -1.4 | 2.0 | 0.5 | -0.8 | -0.7 | -1.9 | -1.4 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | 0.7 | 0.1 | -0.3 | 0.6 | 0.1 | -0.2 | -0.2 | -0.5 | -0.3 | 16 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | LM613092305 | 2.8 | 0.7 | -2.1 | 3.0 | 0.7 | -1.1 | -1.0 | -2.8 | -2.1 | 17 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | LM663092305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 18 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | LM733092305 | 3.1 | 0.8 | -2.4 | 3.2 | 0.8 | -1.3 | -1.1 | -3.1 | -2.4 | 19 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) (1) | LM263092001 | 10756.6 | 13608.4 | 10993.7 | 12322.0 | 13608.4 | 12887.1 | 10790.6 | 10236.7 | 10993.7 | 20 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 8670.3 | 11194.7 | 9011.6 | 10080.8 | 11194.7 | 10610.7 | 8841.9 | 8368.3 | 9011.6 | 21 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | LM115114103 | 121.6 | 146.4 | 105.1 | 135.0 | 146.4 | 138.2 | 113.2 | 106.0 | 105.1 | 22 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | LM753192103 | 422.7 | 467.2 | 366.6 | 434.1 | 467.2 | 435.4 | 359.4 | 339.2 | 366.6 | 23 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | LM513192103 | 239.3 | 285.6 | 238.7 | 261.4 | 285.6 | 273.4 | 232.0 | 220.3 | 238.7 | 24 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 265.2 | 313.5 | 236.6 | 292.0 | 313.5 | 297.6 | 236.3 | 226.1 | 236.6 | 25 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | LM613192103 | 156.5 | 202.4 | 165.3 | 183.2 | 202.4 | 192.6 | 161.2 | 153.0 | 165.3 | 26 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192103 | 295.4 | 405.7 | 298.7 | 360.2 | 405.7 | 372.7 | 291.6 | 261.6 | 298.7 | 27 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | LM733192103 | 80.9 | 87.0 | 95.5 | 92.9 | 87.0 | 84.9 | 84.0 | 91.9 | 95.5 | 28 |
| Other financial business; foreign direct investment in U.S.: equity; liability (market value) | LM503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 29 |
| Rest of the world; foreign direct investment in U.S.: equity; asset (market value) (1) | LM263092101 | 10251.9 | 13102.4 | 10518.2 | 11839.7 | 13102.4 | 12405.6 | 10319.7 | 9766.4 | 10518.2 | 30 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 325.1 | 329.8 | 341.1 | 316.7 | 329.8 | 313.3 | 315.6 | 324.1 | 341.1 | 31 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: interncompany debt; liability (market value) | LM115114305 | 6.0 | 5.7 | 4.9 | 5.5 | 5.7 | 5.4 | 5.2 | 5.1 | 4.9 | 32 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM753192305 | 20.8 | 18.0 | 15.9 | 17.7 | 18.0 | 16.9 | 16.4 | 16.3 | 15.9 | 33 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM513192305 | 11.8 | 11.0 | 10.6 | 10.7 | 11.0 | 10.6 | 10.6 | 10.6 | 10.6 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 13.1 | 12.1 | 10.8 | 11.9 | 12.1 | 11.6 | 10.8 | 10.9 | 10.8 | 35 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM613192305 | 7.7 | 7.8 | 7.2 | 7.5 | 7.8 | 7.5 | 7.4 | 7.4 | 7.2 | 36 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192305 | 14.5 | 15.7 | 14.7 | 14.7 | 15.7 | 14.5 | 13.3 | 12.6 | 14.7 | 37 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM733192305 | 105.7 | 105.8 | 70.2 | 97.8 | 105.8 | 101.7 | 91.7 | 83.2 | 70.2 | 38 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 39 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | LM263092303 | 504.6 | 505.9 | 475.5 | 482.4 | 505.9 | 481.4 | 470.9 | 470.2 | 475.5 | 40 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | LM263092323 | 962.6 | 967.3 | 965.4 | 955.8 | 967.3 | 952.4 | 958.9 | 967.7 | 965.4 | 41 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | LM263192323 | 458.0 | 461.3 | 489.9 | 473.5 | 461.3 | 470.9 | 487.9 | 497.5 | 489.9 | 42 |
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