B.1 Derivation of U.S. Net Wealth
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2020 2021 2022 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 Line
All sectors; U.S. wealth (1) FL892090005 114685.9 134704.3 135331.9 144489.8 137398.6 143117.6 142370 144489.8 150118.8 1
Households and nonprofit organizations; nonfinancial assets LM152010005 43597.1 51205.7 55634.4 57908.6 55644 58066.9 58503.2 57908.6 58912.7 2
Households and nonprofit organizations; real estate at market value LM155035005 36804.9 43389.9 47108.1 49089.7 47004.3 49314.6 49725.6 49089.7 49996.5 3
Nonprofit organizations; equipment, current cost basis LM165015205 543.5 582.5 627.9 667 645.7 650 659.2 667 679.3 4
Nonprofit organizations; nonresidential intellectual property products, current cost basis LM165013765 222.4 235.1 252.7 273.7 258.7 263.3 268.3 273.7 277.6 5
Households and nonprofit organizations; consumer durable goods, current cost basis LM155111005 6026.2 6998.1 7645.6 7878.2 7735.3 7839 7850.1 7878.2 7959.3 6
Nonfinancial noncorporate business; nonfinancial assets LM112010005 15841.1 18459 19300.1 18800.8 19005.6 19268.3 19233.4 18800.8 18736.5 7
Nonfinancial noncorporate business; real estate at market value LM115035005 14331.7 16798.1 17506.9 17036.9 17202.6 17481.5 17453.1 17036.9 16975.2 8
Nonfinancial noncorporate business; equipment, current cost basis LM115015205 921.6 1000.4 1071.2 966.7 1058.2 1022.4 995.7 966.7 945.3 9
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis LM115013765 347.7 375.4 413.1 478 429.9 446 460.7 478 494.4 10
Nonfinancial noncorporate business; inventories LM115020005 240.1 285.1 308.9 319.2 314.9 318.4 323.9 319.2 321.5 11
Security brokers and dealers; proprietors' equity in noncorporate business (2) LM662090003 90.3 106.1 109.8 123.8 117.8 120.1 121 123.8 128.6 12
All domestic sectors; market value estimate of nonfinancial assets LM882010405 52831.7 64695.5 55502.1 65803.5 58167.3 62491.6 61216.9 65803.5 71720.7 13
Nonfinancial corporate business; market value estimate of nonfinancial assets (3) LM102010405 51596.8 61588.6 50876.2 61080.6 54520.9 58364 56469.8 61080.6 66223.5 14
Domestic financial sectors; market value estimate of nonfinancial assets (3) LM792010405 1234.8 3106.9 4625.9 4722.9 3646.4 4127.6 4747.1 4722.9 5497.2 15
Federal government; nonfinancial assets (does not include land) (4) LM315015005 3779.2 4098.2 4412.6 4611.3 4476.3 4514 4556.7 4611.3 4656.8 16
Federal government; total residential and nonresidential structures LM315015605 1750.5 1949.2 2128.3 2172.2 2153.2 2156.6 2161.1 2172.2 2181.1 17
Federal government; nonresidential equipment, current cost basis LM315013265 846 901.2 950.6 982.8 957.6 963.7 970.6 982.8 988.7 18
Federal government; nonresidential intellectual property products, current cost basis LM315013765 1182.7 1247.7 1333.8 1456.2 1365.4 1393.7 1424.9 1456.2 1487 19
State and local governments; nonfinancial assets (does not include land) (4) LM212010095 12546.6 14063.2 15427.1 15896.3 15662.3 15723.6 15806.3 15896.3 16054 20
State and local governments; total residential and nonresidential structures LM215015605 12118.7 13605.1 14934.9 15384.5 15163.8 15222.6 15299.9 15384.5 15536.7 21
State and local governments; nonresidential equipment, current cost basis LM215013265 263.3 283.9 303.7 309.9 306.1 306.1 307.9 309.9 312.2 22
State and local governments; nonresidential intellectual property products, current cost basis LM215013765 164.6 174.2 188.5 201.9 192.3 194.9 198.5 201.9 205 23
All domestic sectors; U.S. financial claims on the rest of the world; asset FL882090265 -14000.1 -17923.4 -15054.2 -18654.5 -15674.8 -17066.9 -17067.5 -18654.5 -20090.6 24
Rest of the world; total liabilities and equity FL264194005 26321.9 29814.1 26107.5 29465.7 27575.7 28121.3 27413.2 29465.7 30806.7 25
Rest of the world; foreign corporate equities including foreign investment fund shares; liability LM263164100 10615 12061.3 10306 11475.4 10796.8 11016.1 10694.4 11475.4 12114.6 26
Rest of the world; total financial liabilities and foreign direct investment: equity FL264194035 15706.9 17752.8 15801.6 17990.3 16778.9 17105.3 16718.8 17990.3 18692.1 27
Rest of the world; total financial assets FL264090005 40322 47737.5 41161.7 48120.2 43250.5 45188.2 44480.7 48120.2 50897.2 28
Rest of the world; U.S. corporate equities; asset LM263064105 10673.4 13898.3 10799.1 13276.2 11491.3 12384.4 12051.1 13276.2 14468.6 29
Rest of the world; total financial assets excluding U.S. corporate equities and mutual fund shares FL264090035 29648.6 33839.2 30362.7 34843.9 31759.2 32803.8 32429.6 34843.9 36428.6 30
All sectors; U.S. wealth FL892090005 114685.9 134704.3 135331.9 144489.8 137398.6 143117.6 142370 144489.8 150118.8 31
All sectors; U.S. wealth FC892090005 10275.9 20018.4 627.6 9157.8 2066.7 5719 -747.6 2119.7 5629 32
All sectors; U.S. wealth PC892090005 9.8 17.5 0.5 6.8 1.5 4.2 -0.5 1.5 3.9 33
Households and nonprofit organizations; net worth (5) FL152090005 131438.1 150300.5 144681.9 155727.2 147897.9 153184.3 151773 155727.2 160843.7 34
Households and nonprofit organizations; net worth FC152090005 14512.3 18862.4 -5618.6 11045.3 3216.1 5286.4 -1411.3 3954.2 5116.6 35
Households and nonprofit organizations; net worth PC152090005 12.4 14.4 -3.7 7.6 2.2 3.6 -0.9 2.6 3.3 36

NOTES

  1. U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, nonfinancial and financial business, and government sectors of the U.S. economy, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).
  2. Assumed to be equal to proprietors' equity in noncorporate brokers and dealers.
  3. Estimated as the market value of corporate equity, plus foreign direct investment: equity, plus miscellaneous other equity (excluding proprietors' equity), plus total liabilities, less total financial assets.
  4. Excludes land and nonproduced nonfinancial assets.
  5. Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
Last Update: June 7, 2024