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 | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | 47.6 | 232.0 | 378.7 | 402.6 | 381.5 | 444.9 | 260.9 | 523.3 | 376.3 | 1 |
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | FA263192101 | 157.1 | 291.2 | 426.1 | 434.0 | 554.6 | 364.3 | 394.2 | 423.0 | 370.4 | 2 |
| Rest of the world; U.S. direct investment abroad: equity other than reinvested earnings; liability | FA263192113 | 18.1 | 133.4 | 91.7 | 109.3 | 300.8 | 50.0 | 91.3 | -5.0 | -56.0 | 3 |
| Rest of the world; U.S. direct investment abroad: reinvested earnings; liability (current cost) | FA263192125 | 139.0 | 157.8 | 334.3 | 324.8 | 253.9 | 314.3 | 302.9 | 428.0 | 426.4 | 4 |
| Rest of the world; U.S. direct investment abroad: current-cost adjustment on reinvested earnings; liability | FA263192193 | 27.3 | 27.5 | 28.8 | 29.6 | 29.4 | 29.6 | 29.7 | 29.8 | 30.0 | 5 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 99.7 | 232.9 | 347.0 | 350.6 | 399.0 | 343.5 | 281.6 | 378.4 | 318.5 | 6 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | FA763092100 | 10.4 | 3.8 | 11.3 | 12.4 | 23.5 | 1.3 | 28.9 | -4.2 | 8.2 | 7 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | FA513092103 | 7.1 | 21.6 | 17.7 | 11.8 | 18.0 | 1.7 | 23.2 | 4.4 | 13.3 | 8 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | -2.2 | -0.5 | -0.4 | 0.7 | 7.0 | -4.3 | 3.5 | -3.5 | -2.2 | 9 |
| Finance companies; U.S. direct investment abroad: equity (market value) | FA613092103 | 16.0 | 12.3 | 25.2 | 38.6 | 37.7 | 22.6 | 41.4 | 52.7 | 54.8 | 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 | 26.1 | 21.2 | 25.2 | 19.9 | 69.4 | -0.5 | 15.6 | -4.9 | -22.3 | 12 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability | FA263192305 | -109.5 | -59.2 | -47.4 | -31.4 | -173.2 | 80.6 | -133.3 | 100.3 | 5.9 | 13 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | FA263192313 | -61.8 | -55.2 | 13.1 | -5.2 | 15.5 | 47.9 | -88.8 | 4.5 | -57.5 | 14 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | FA263092313 | 47.6 | 4.0 | 60.5 | 26.2 | 188.7 | -32.6 | 44.5 | -95.8 | -63.4 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -94.8 | -50.2 | -39.0 | -18.4 | -145.5 | 79.3 | -91.9 | 84.4 | -1.3 | 16 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | FA763092305 | -4.2 | -2.3 | -1.9 | -3.0 | -5.8 | -0.3 | -8.5 | 2.5 | 1.1 | 17 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | FA513092305 | -1.9 | -1.3 | -1.5 | -2.2 | -5.0 | 0.4 | -7.4 | 3.1 | 1.4 | 18 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.9 | -0.7 | -0.6 | -0.3 | -1.2 | 0.2 | -0.9 | 0.8 | 1.5 | 19 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | FA613092305 | -4.5 | -2.7 | -2.1 | -3.7 | -7.4 | 0.4 | -12.0 | 4.3 | 0.9 | 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 | -3.0 | -2.0 | -2.3 | -3.7 | -8.2 | 0.6 | -12.5 | 5.2 | 2.3 | 22 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) (1) | FA263092001 | 256.7 | 109.1 | 405.3 | 318.4 | 299.2 | 296.7 | 391.4 | 286.3 | 409.5 | 23 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FA103192105 | 230.9 | 157.4 | 360.5 | 249.9 | 283.4 | 249.8 | 270.8 | 195.4 | 256.1 | 24 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | FA115114103 | 3.9 | 1.4 | 0.2 | 0.1 | 1.4 | -1.5 | 1.4 | -0.8 | 0.1 | 25 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | FA753192103 | 5.5 | 7.9 | -1.7 | 9.8 | 0.8 | 7.2 | 13.1 | 18.1 | 26.6 | 26 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | FA513192103 | -4.5 | -3.1 | 6.0 | 12.3 | 9.8 | 14.6 | 20.8 | 3.9 | 14.9 | 27 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 9.7 | 3.3 | 1.0 | 0.0 | 1.6 | -22.8 | 9.2 | 11.9 | 39.2 | 28 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | FA613192103 | 11.9 | 3.5 | 6.9 | 2.6 | 5.5 | 6.1 | 4.2 | -5.2 | -4.9 | 29 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192103 | 65.0 | 21.8 | 41.8 | -20.8 | -22.5 | -76.3 | -44.8 | 60.5 | 60.2 | 30 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | FA733192103 | -45.3 | -24.4 | -33.9 | 51.6 | 17.7 | 124.4 | 78.9 | -14.8 | -32.2 | 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 | 277.0 | 167.8 | 380.8 | 305.5 | 297.8 | 301.5 | 353.6 | 269.0 | 360.0 | 33 |
| Rest of the world; foreign direct investment in U.S.: equity other than reinvested earnings; asset | FA263092113 | 153.2 | 87.5 | 168.9 | 110.4 | 97.2 | 118.9 | 146.9 | 78.5 | 156.2 | 34 |
| Rest of the world; foreign direct investment in U.S.: reinvested earnings; asset (current cost) | FA263092125 | 123.8 | 80.3 | 211.9 | 195.1 | 200.6 | 182.6 | 206.6 | 190.5 | 203.8 | 35 |
| Rest of the world; foreign direct investment in U.S.: current-cost adjustment on reinvested earnings; asset | FA263092193 | 14.2 | 14.1 | 16.1 | 16.5 | 16.5 | 16.5 | 16.5 | 16.5 | 16.5 | 36 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -7.3 | -63.8 | 19.7 | 49.5 | 5.3 | 39.6 | 74.5 | 78.5 | 76.9 | 37 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: interncompany debt; liability (market value) | FA115114305 | 0.0 | -1.0 | -0.1 | 0.1 | 0.1 | -0.2 | 0.5 | 0.1 | 1.0 | 38 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA753192305 | -3.9 | -2.3 | -1.9 | -0.8 | -2.0 | -1.6 | 0.2 | 0.3 | -0.5 | 39 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA513192305 | -0.2 | -0.9 | -0.2 | -0.0 | -0.5 | -0.2 | 1.2 | -0.6 | -1.7 | 40 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | 1.4 | 0.3 | -0.4 | -4.8 | -5.0 | -7.1 | -3.5 | -3.5 | -14.4 | 41 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA613192305 | -0.4 | -0.8 | 0.5 | -0.1 | 0.0 | -0.0 | 0.4 | -0.6 | -0.6 | 42 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192305 | 5.8 | 0.6 | 1.8 | -0.7 | -1.2 | -3.0 | -1.5 | 3.1 | -13.4 | 43 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA733192305 | -15.8 | 9.1 | 5.1 | -30.4 | 4.4 | -32.3 | -33.9 | -59.8 | 2.3 | 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) | FA263092305 | -20.3 | -58.7 | 24.5 | 12.9 | 1.4 | -4.9 | 37.8 | 17.3 | 49.5 | 46 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | FA263092323 | -9.9 | -22.9 | 7.1 | 19.9 | 17.0 | 15.4 | 58.3 | -11.1 | 29.2 | 47 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | FA263192323 | 10.4 | 35.7 | -17.4 | 7.0 | 15.6 | 20.3 | 20.5 | -28.4 | -20.4 | 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: June 8, 2023