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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial business; income before taxes | FA146110005 | 4172.7 | 4453.4 | 4549.8 | 4479 | 4377 | 4428.5 | 4477 | 4625.2 | 4668.6 | 1 |
| Nonfinancial business; gross saving less net capital transfers paid | FA146000105 | 2875.3 | 3111.4 | 3446.9 | 3370.1 | 3310.2 | 3299.3 | 3395.7 | 3532.5 | 3560.2 | 2 |
| Nonfinancial business; gross investment | FA145090005 | 2747 | 3517.5 | 3624.7 | 3357.3 | 2272.3 | 2593 | 3206.8 | 4623.8 | 4075.1 | 3 |
| Nonfinancial business; total capital expenditures | FA145050005 | 2722.6 | 3278.5 | 3289.4 | 3240.8 | 3270.2 | 3191.1 | 3235.6 | 3353.9 | 3376.9 | 4 |
| Nonfinancial business; gross fixed investment | FA145019005 | 2705.1 | 3016.4 | 3235 | 3071.3 | 3095.6 | 3171.1 | 3220.8 | 3252 | 3296 | 5 |
| Nonfinancial business; gross fixed investment, residential equipment and structures | FA145012005 | 188.6 | 195.6 | 180.7 | 194.1 | 182.6 | 172 | 170.5 | 182.8 | 197.6 | 6 |
| Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA145013005 | 2516.5 | 2820.8 | 3054.3 | 2877.3 | 2913 | 2999.1 | 3050.3 | 3069.3 | 3098.4 | 7 |
| Nonfinancial business; inventories | FA145020005 | 11.7 | 157.3 | 57.3 | 82.3 | 177.7 | 23.7 | 18.6 | 102 | 84.8 | 8 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 5.8 | 104.8 | -2.9 | 87.2 | -3.1 | -3.7 | -3.8 | -0.2 | -3.9 | 9 |
| Nonfinancial business; net lending (+) or borrowing (-) (financial account) | FA145000005 | 24.4 | 239 | 335.3 | 116.5 | -998 | -598.1 | -28.7 | 1269.9 | 698.1 | 10 |
| Nonfinancial business; total financial assets | FA144090005 | 2037.6 | 1520.6 | 1172 | 637.8 | 221.4 | 536.2 | 1077.2 | 2140.7 | 933.8 | 11 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 31.3 | 24.4 | 21.8 | 10.8 | 109.5 | -15.4 | 89.2 | 32.2 | -19.1 | 12 |
| Nonfinancial business; checkable deposits and currency; asset | FA143020005 | 343 | 3 | -4.8 | -164.4 | 561.3 | 118.7 | -276.4 | 298.1 | -159.6 | 13 |
| Nonfinancial business; total time and savings deposits; asset | FA143030005 | 101 | 84.7 | 142.7 | 121.6 | 121.6 | 19.6 | 513.4 | 109.9 | -72.1 | 14 |
| Nonfinancial business; money market fund shares; asset | FA143034005 | 103.3 | -67.2 | 178.3 | -76.8 | 15.8 | 334 | 158.4 | 124.4 | 96.4 | 15 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -10.3 | 1.7 | 0.6 | 0.3 | 15.3 | 8.9 | -2.5 | -1.4 | -2.5 | 16 |
| Nonfinancial business; debt securities; asset | FA144022005 | 40.2 | -5.7 | 71.6 | -121.4 | 31.4 | 4.7 | 52.1 | 181.8 | 47.8 | 17 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 5.4 | -51.5 | 28.5 | -161.6 | -26.8 | 24.6 | -40.8 | 120.1 | 10.3 | 18 |
| Nonfinancial business; Treasury securities; asset | FA143061105 | 12.9 | 35.9 | 37.5 | 35.5 | 46.6 | -14.6 | 72.7 | 48.9 | 43.1 | 19 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 2.9 | 6.7 | 6.8 | 3 | 14.3 | -1.2 | 20.4 | 7.9 | 0.3 | 20 |
| Nonfinancial business; municipal securities; asset | FA143062005 | 11.3 | 0.7 | -0 | 0.8 | -1.2 | -0.3 | 0.8 | 1.1 | -1.8 | 21 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 7.7 | 2.6 | -1.3 | 0.8 | -1.5 | -3.8 | -1 | 3.8 | -4 | 22 |
| Nonfinancial business; loans; asset | FA144023005 | 12.6 | 25 | 22.4 | 40 | 83.4 | 42.1 | -72 | 40.9 | 78.4 | 23 |
| Nonfinancial business; total mortgages; asset | FA143065005 | 12.7 | 25 | 22.4 | 13.8 | 19.3 | 43 | 20.8 | 17.6 | 8 | 24 |
| Nonfinancial business; consumer credit; asset | FA143066005 | -0 | -0 | -0 | 26.2 | 64.1 | -1 | -92.7 | 23.3 | 70.4 | 25 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -52.7 | -26.6 | 36.8 | -102.5 | 19 | 123.8 | -82.7 | 27.8 | 78.3 | 26 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -101.4 | -136.2 | -136.2 | -124.1 | -132.9 | -136.2 | -136.2 | -136.2 | -136.2 | 27 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 293.1 | 357.7 | 234.7 | 324.6 | 365.7 | 167.2 | 214.6 | 292.7 | 264.2 | 28 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FA143092405 | 1.4 | 1 | 3.4 | 3.3 | -0.5 | 8.8 | 2.1 | 0.9 | 1.7 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 22 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | 30 |
| Nonfinancial business; trade receivables; asset | FA143070005 | 578.1 | 231.9 | 218.9 | -371.5 | -247.8 | -149.7 | 191.7 | 363.7 | 469.8 | 31 |
| Nonfinancial business; total miscellaneous assets | FA143090005 | 675.9 | 1031.3 | 386.2 | 1102.4 | -716 | 13.9 | 429.8 | 810.1 | 290.9 | 32 |
| Nonfinancial business; total liabilities and equity | FA144194005 | 2013.3 | 1281.6 | 836.7 | 521.4 | 1219.3 | 1134.3 | 1106 | 870.8 | 235.6 | 33 |
| Nonfinancial business; total liabilities | FA144190005 | 1970.8 | 1648 | 1167.6 | 807.1 | 1412.5 | 1229.2 | 1237.9 | 1013 | 1190.3 | 34 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252.8 | 78.9 | 236.7 | 176.5 | -46.2 | 571.6 | 150 | 103.9 | 121.1 | 35 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | 6 | 59.3 | 20.2 | 169 | -52.1 | -72 | 21 | 59.3 | 72.6 | 36 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 11.5 | 0.7 | -1.4 | -11 | -18.5 | 7.2 | 10.2 | -0.7 | -22.4 | 37 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 235.2 | 18.8 | 217.9 | 18.6 | 24.4 | 636.4 | 118.8 | 45.4 | 70.8 | 38 |
| Nonfinancial business; loans; liability | FA144123005 | 656.1 | 1056.5 | 216.7 | 665.1 | 765.9 | 384.9 | 240.3 | 189.8 | 51.8 | 39 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FA143168005 | -113.6 | 343.5 | -1.2 | 157.8 | 275.7 | 123.4 | -8.7 | -111.9 | -7.8 | 40 |
| Nonfinancial business; other loans and advances; liability | FA143169005 | 355.1 | 245.5 | -22.2 | 85.3 | 105.4 | -76.6 | 19 | 69 | -100.1 | 41 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 414.6 | 467.5 | 240.1 | 422.1 | 384.8 | 338.1 | 230 | 232.6 | 159.7 | 42 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA143192305 | -1.3 | 69.7 | 1.6 | 121.1 | 66.3 | -27.8 | 9.1 | -11.4 | 36.6 | 43 |
| Nonfinancial business; trade payables; liability | FA143170005 | 498.1 | 291.2 | 116.5 | -99.1 | 122.3 | -286.1 | 43.9 | 323 | 385.3 | 44 |
| Nonfinancial business; taxes payable; liability | FA143178005 | 6.8 | 39.1 | -0.2 | 11.4 | 8.7 | 83.8 | -100.7 | 16.4 | -0.2 | 45 |
| Nonfinancial business; total miscellaneous liabilities | FA143190005 | 558.4 | 112.6 | 596.3 | -67.9 | 495.4 | 502.8 | 895.3 | 391.2 | 595.7 | 46 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA143181105 | 42.5 | -366.4 | -330.9 | -285.8 | -193.1 | -94.8 | -131.9 | -142.2 | -954.7 | 47 |
| Nonfinancial corporate business; corporate equities; liability | FA103164105 | -214.6 | -536.2 | -611.7 | -533.6 | -314.3 | -481.3 | -430.2 | -453.5 | -1081.9 | 48 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | FA143192105 | 386.7 | 265.1 | 290.5 | 293.9 | 207.4 | 446.3 | 262.2 | 273.2 | 180.3 | 49 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | -129.5 | -95.3 | -9.7 | -46 | -86.3 | -59.9 | 36.1 | 38.1 | -53 | 50 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 128.4 | -406.1 | -177.7 | 12.8 | 1037.9 | 706.4 | 188.9 | -1091.3 | -514.9 | 51 |
NOTES
- Sum of nonfinancial corporate business (table F.103) and nonfinancial noncorporate business (table F.104).
Last Update: March 7, 2024