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 | 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) | LM263192005 | 7585.3 | 8225.9 | 9765.9 | 8048.1 | 9163.3 | 7744.9 | 7048.6 | 8048.1 | 8698.2 | 1 |
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | LM263192101 | 7463.9 | 8162.3 | 9749.7 | 8108.6 | 9187.2 | 7766.7 | 7134.2 | 8108.6 | 8757.2 | 2 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6227.9 | 6730.4 | 8044.9 | 6750.7 | 7582.5 | 6443.4 | 5922.9 | 6750.7 | 7296.4 | 3 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | LM763092100 | 298.4 | 322.8 | 377.7 | 322.3 | 359.3 | 301.0 | 286.8 | 322.3 | 344.8 | 4 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | LM513092103 | 200.2 | 254.7 | 306.6 | 231.9 | 283.1 | 231.0 | 209.2 | 231.9 | 250.8 | 5 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 83.9 | 91.7 | 82.8 | 21.2 | 65.9 | 42.9 | 29.6 | 21.2 | 22.0 | 6 |
| Finance companies; U.S. direct investment abroad: equity (market value) | LM613092103 | 338.3 | 362.7 | 443.4 | 392.0 | 422.7 | 358.6 | 334.1 | 392.0 | 432.0 | 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 | 315.1 | 400.0 | 494.1 | 390.6 | 473.7 | 389.9 | 351.5 | 390.6 | 411.2 | 9 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability | LM263192305 | 121.5 | 63.6 | 16.3 | -60.5 | -24.0 | -21.8 | -85.6 | -60.5 | -59.1 | 10 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | LM263192313 | 800.3 | 746.5 | 759.6 | 731.9 | 766.6 | 768.4 | 730.8 | 731.9 | 717.5 | 11 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | LM263092313 | 678.8 | 682.9 | 743.4 | 792.4 | 790.5 | 790.3 | 816.4 | 792.4 | 776.6 | 12 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | 101.3 | 52.5 | 13.4 | -50.4 | -19.8 | -18.1 | -71.1 | -50.4 | -50.5 | 13 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | LM763092305 | 4.9 | 2.5 | 0.6 | -2.4 | -0.9 | -0.8 | -3.4 | -2.4 | -2.3 | 14 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | LM513092305 | 3.3 | 2.0 | 0.5 | -1.7 | -0.7 | -0.6 | -2.5 | -1.7 | -1.4 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | 1.4 | 0.7 | 0.1 | -0.2 | -0.2 | -0.1 | -0.4 | -0.2 | 0.2 | 16 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | LM613092305 | 5.5 | 2.8 | 0.7 | -2.9 | -1.1 | -1.0 | -4.0 | -2.9 | -2.7 | 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 | 5.1 | 3.1 | 0.8 | -2.9 | -1.2 | -1.1 | -4.2 | -2.9 | -2.3 | 19 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) (1) | LM263092001 | 9358.7 | 10756.6 | 13608.4 | 10911.1 | 12887.1 | 10790.6 | 10213.6 | 10911.1 | 11753.0 | 20 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 7496.1 | 8670.3 | 11194.7 | 9042.0 | 10652.2 | 8910.6 | 8430.0 | 9042.0 | 9751.8 | 21 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | LM115114103 | 108.2 | 121.6 | 146.4 | 115.9 | 139.3 | 114.9 | 108.6 | 115.9 | 115.8 | 22 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | LM753192103 | 360.6 | 422.7 | 467.2 | 345.6 | 429.4 | 349.4 | 324.3 | 345.6 | 376.8 | 23 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | LM513192103 | 197.7 | 239.3 | 285.6 | 220.4 | 267.1 | 221.6 | 210.8 | 220.4 | 239.8 | 24 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 198.5 | 265.2 | 313.5 | 140.9 | 264.7 | 181.9 | 150.3 | 140.9 | 160.7 | 25 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | LM613192103 | 132.3 | 156.5 | 202.4 | 155.5 | 191.8 | 159.8 | 149.8 | 155.5 | 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 | 217.4 | 295.4 | 405.7 | 299.6 | 376.3 | 297.5 | 267.4 | 299.6 | 336.0 | 27 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | LM733192103 | 79.7 | 80.9 | 87.0 | 95.5 | 84.9 | 84.0 | 91.9 | 95.5 | 98.7 | 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 | 8790.5 | 10251.9 | 13102.4 | 10415.3 | 12405.6 | 10319.7 | 9733.1 | 10415.3 | 11244.9 | 30 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 392.2 | 325.1 | 329.8 | 364.8 | 314.9 | 318.8 | 337.5 | 364.8 | 384.0 | 31 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: interncompany debt; liability (market value) | LM115114305 | 7.0 | 6.0 | 5.7 | 5.5 | 5.4 | 5.2 | 5.4 | 5.5 | 5.8 | 32 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM753192305 | 23.3 | 20.8 | 18.0 | 16.4 | 16.7 | 15.9 | 16.0 | 16.4 | 16.3 | 33 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM513192305 | 12.8 | 11.8 | 11.0 | 10.5 | 10.4 | 10.1 | 10.4 | 10.5 | 10.1 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 12.8 | 13.1 | 12.1 | 6.7 | 10.3 | 8.3 | 7.4 | 6.7 | 3.1 | 35 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM613192305 | 8.6 | 7.7 | 7.8 | 7.4 | 7.4 | 7.3 | 7.4 | 7.4 | 7.3 | 36 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192305 | 14.1 | 14.5 | 15.7 | 14.3 | 14.6 | 13.6 | 13.2 | 14.3 | 10.9 | 37 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM733192305 | 97.4 | 105.7 | 105.8 | 70.2 | 101.7 | 91.7 | 83.2 | 70.2 | 70.7 | 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) | LM263092305 | 568.2 | 504.6 | 505.9 | 495.8 | 481.4 | 470.9 | 480.5 | 495.8 | 508.2 | 40 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | LM263092323 | 996.1 | 962.6 | 967.3 | 979.4 | 952.4 | 958.9 | 974.8 | 979.4 | 986.7 | 41 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | LM263192323 | 428.0 | 458.0 | 461.3 | 483.6 | 470.9 | 487.9 | 494.3 | 483.6 | 478.5 | 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: June 8, 2023