Financial Accounts of the United States - Z.1
F.102 Nonfinancial Business (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial business; income before taxes | FA146110005 | 3254.5 | 4068.3 | 4378.8 | 4288.7 | 4528.9 | 4399.8 | 4297.8 | 4330.9 | 4381.8 | 1 |
| Nonfinancial business; gross saving less net capital transfers paid | FA146000105 | 2481.2 | 2857.2 | 3233.8 | 2939.3 | 3099.4 | 3463 | 3433.6 | 3421.7 | 3502.7 | 2 |
| Nonfinancial business; gross investment | FA145090005 | 2491.3 | 2795.2 | 3641.9 | 4243.6 | 4326 | 3341.2 | 2657 | 2594.3 | 2949.3 | 3 |
| Nonfinancial business; total capital expenditures | FA145050005 | 2387.3 | 2642.8 | 3221.1 | 3422.7 | 3079.4 | 3168 | 3214.3 | 3106 | 3156.3 | 4 |
| Nonfinancial business; gross fixed investment | FA145019005 | 2443 | 2655.5 | 2956.7 | 2843.4 | 2919.4 | 3009.3 | 3054.8 | 3095.8 | 3150.3 | 5 |
| Nonfinancial business; gross fixed investment, residential equipment and structures | FA145012005 | 151.5 | 174.2 | 200.6 | 191.7 | 207.5 | 204.4 | 198.8 | 185.6 | 186.3 | 6 |
| Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA145013005 | 2291.6 | 2481.3 | 2756.1 | 2651.6 | 2711.9 | 2804.9 | 2856 | 2910.2 | 2964 | 7 |
| Nonfinancial business; inventories | FA145020005 | -55.8 | -19.1 | 158.9 | 257.4 | 145.4 | 70.9 | 161.8 | 12 | 7.9 | 8 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 0 | 6.4 | 105.5 | 321.9 | 14.7 | 87.8 | -2.3 | -1.7 | -2 | 9 |
| Nonfinancial business; net lending (+) or borrowing (-) (financial account) | FA145000005 | 104 | 152.4 | 420.8 | 820.9 | 1246.6 | 173.1 | -557.3 | -511.8 | -207 | 10 |
| Nonfinancial business; total financial assets | FA144090005 | 1418.2 | 1635.4 | 1557.2 | 3213 | 2055.1 | 673.6 | 287.1 | 603.9 | 934.6 | 11 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 4 | 31.3 | 17.1 | 77.2 | -100.1 | -11.4 | 102.7 | -15.8 | 52.1 | 12 |
| Nonfinancial business; checkable deposits and currency; asset | FA143020005 | 492.6 | 344.5 | 42.6 | 208.6 | -564.9 | -75.2 | 601.8 | 132.8 | -159.3 | 13 |
| Nonfinancial business; total time and savings deposits; asset | FA143030005 | 279.4 | 101 | 72.6 | 178 | -82.5 | 81.9 | 112.9 | 21.2 | 461.5 | 14 |
| Nonfinancial business; money market fund shares; asset | FA143034005 | 142.5 | 103.3 | -67.2 | -133 | -74.9 | -76.8 | 15.8 | 334 | 158.4 | 15 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 23.6 | -10.3 | -2 | 12.9 | -21.5 | -13.6 | 14 | 6.1 | -5.7 | 16 |
| Nonfinancial business; debt securities; asset | FA144022005 | 34.3 | 32.8 | -8.7 | -84 | 139.2 | -122.6 | 32.9 | 18.9 | 66.6 | 17 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 33.3 | 5.4 | -49.5 | -88 | 70.4 | -155.3 | -24.9 | 35.1 | -24.3 | 18 |
| Nonfinancial business; Treasury securities; asset | FA143061105 | 5.2 | 12.9 | 34.3 | 4.5 | 57.1 | 30.5 | 45.1 | -14.6 | 70.4 | 19 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 3.6 | 2.9 | 6.1 | -1.1 | 10.4 | 1.4 | 13.8 | -1.3 | 19.7 | 20 |
| Nonfinancial business; municipal securities; asset | FA143062005 | -7.8 | 11.6 | 0.4 | 0.7 | 1.3 | 0.8 | -1.2 | -0.3 | 0.8 | 21 |
| Nonfinancial business; loans; asset | FA144023005 | 10.7 | 12.9 | 16.2 | 17.6 | -75.2 | 41.9 | 80.5 | 14.3 | -76 | 22 |
| Nonfinancial business; total mortgages; asset | FA143065005 | 10.7 | 13 | 16.2 | 16.1 | 16.7 | 15.7 | 16.5 | 15.3 | 16.8 | 23 |
| Nonfinancial business; consumer credit; asset | FA143066005 | 0 | -0 | -0 | 1.5 | -91.9 | 26.2 | 64.1 | -1 | -92.7 | 24 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -33.7 | -52.7 | -26.6 | -132.5 | 109.6 | -102.5 | 19 | 57.4 | -16.1 | 25 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -136 | -101.4 | -140.9 | -162.2 | -135.6 | -128.4 | -137.5 | -140.9 | -140.9 | 26 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 251 | 293.1 | 357.7 | 445.2 | 295.4 | 324.6 | 365.7 | 191.1 | 254.1 | 27 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FA143092405 | 0.3 | 1.4 | 1 | 1.6 | -0.4 | 3.3 | -0.5 | 8.8 | 2.1 | 28 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 9.9 | 22 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | 29 |
| Nonfinancial business; trade receivables; asset | FA143070005 | 39.6 | 544.6 | 226.1 | 725.7 | 821.2 | -422.6 | -219.8 | -156.9 | 226.3 | 30 |
| Nonfinancial business; total miscellaneous assets | FA143090005 | 300 | 312.8 | 1073.7 | 2062.3 | 1749.2 | 1179.4 | -696 | 137.2 | 115.9 | 31 |
| Nonfinancial business; total liabilities and equity | FA144194005 | 1314.1 | 1483.1 | 1136.4 | 2392.1 | 808.5 | 500.5 | 844.4 | 1115.6 | 1141.6 | 32 |
| Nonfinancial business; total liabilities | FA144190005 | 1270.7 | 1394.3 | 1548.1 | 2764.7 | 1382.7 | 768.5 | 1276.4 | 1247.3 | 1106.4 | 33 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 657.5 | 218 | 54.9 | 174.7 | -43.9 | 171.1 | -82.1 | 507.7 | 116 | 34 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | -62.3 | 6 | 59.3 | -19.9 | 140.2 | 169 | -52.1 | -82.2 | 10.8 | 35 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 5.6 | 11.2 | 1 | 22.7 | 10.2 | -10.9 | -18 | 6.8 | 10.8 | 36 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163003 | 714.3 | 200.7 | -5.3 | 171.9 | -194.4 | 13 | -12 | 583 | 94.4 | 37 |
| Nonfinancial business; loans; liability | FA144123005 | 884.9 | 647 | 1054.8 | 1341.2 | 1433.8 | 652.2 | 792.3 | 417.6 | 267.1 | 38 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FA143168005 | 251.1 | -122.5 | 342.9 | 319.3 | 604.3 | 180 | 267.8 | 139.7 | -12.9 | 39 |
| Nonfinancial business; other loans and advances; liability | FA143169005 | 284.5 | 355 | 244.6 | 515.8 | 275.3 | 68.7 | 118.8 | -76.7 | 18 | 40 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 349.4 | 414.4 | 467.3 | 506.1 | 554.1 | 403.5 | 405.7 | 354.6 | 262 | 41 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA143192305 | -66.6 | -1.3 | 69.7 | 43 | 48.5 | 121.1 | 66.3 | -29.5 | 48.9 | 42 |
| Nonfinancial business; trade payables; liability | FA143170005 | -24.5 | 487.8 | 271.9 | 575.2 | 557.3 | -176.7 | 132 | -240.6 | 46.8 | 43 |
| Nonfinancial business; taxes payable; liability | FA143178005 | 15.2 | -19.5 | 39.2 | 186.2 | -50 | 11 | 9.7 | 84.3 | -100.6 | 44 |
| Nonfinancial business; total miscellaneous liabilities | FA143190005 | -195.9 | 62.4 | 57.4 | 444.5 | -563 | -10.2 | 358.2 | 507.9 | 728.2 | 45 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA143181105 | 43.5 | 88.7 | -411.7 | -372.6 | -574.2 | -268 | -432 | -131.7 | 35.2 | 46 |
| Nonfinancial corporate business; corporate equities; liability | FA103164103 | -133.4 | -275.1 | -604.6 | -579.7 | -746 | -544.8 | -547.8 | -491.5 | -371.1 | 47 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | FA143192105 | 165.5 | 386.7 | 265.1 | 266.8 | 292.4 | 293.9 | 207.4 | 438.8 | 390.2 | 48 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | 11.4 | -22.8 | -72.3 | -59.8 | -120.6 | -17.1 | -91.5 | -79.1 | 16.1 | 49 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | -10.1 | 62 | -408.1 | -1304.3 | -1226.6 | 121.8 | 776.6 | 827.4 | 553.4 | 50 |
NOTES
- Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: September 11, 2023