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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial business; income before taxes | FA146110005 | 3256.7 | 4172.7 | 4453.4 | 4572.9 | 4428.5 | 4477 | 4625.2 | 4760.8 | 4801.8 | 1 |
| Nonfinancial business; gross saving less net capital transfers paid | FA146000105 | 2615.7 | 2875.3 | 3111.4 | 3467.2 | 3299.4 | 3396.1 | 3532.8 | 3640.5 | 3498.9 | 2 |
| Nonfinancial business; gross investment | FA145090005 | 2500.1 | 2666.4 | 3185.5 | 3319 | 2422.2 | 3178.9 | 4255.5 | 3419.5 | 3057.5 | 3 |
| Nonfinancial business; total capital expenditures | FA145050005 | 2457.9 | 2722.6 | 3278.5 | 3288.3 | 3191.1 | 3235.6 | 3353.9 | 3372.8 | 3370.7 | 4 |
| Nonfinancial business; gross fixed investment | FA145019005 | 2495.8 | 2705.1 | 3016.4 | 3237.6 | 3171.1 | 3220.8 | 3252 | 3306.3 | 3339.7 | 5 |
| Nonfinancial business; gross fixed investment, residential equipment and structures | FA145012005 | 164.4 | 188.6 | 195.6 | 180.5 | 172 | 170.5 | 182.8 | 196.6 | 194.1 | 6 |
| Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA145013005 | 2331.4 | 2516.5 | 2820.8 | 3057.1 | 2999.1 | 3050.3 | 3069.3 | 3109.7 | 3145.6 | 7 |
| Nonfinancial business; inventories | FA145020005 | -37.6 | 11.7 | 157.3 | 53.6 | 23.7 | 18.6 | 102 | 70.1 | 34.9 | 8 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | -0.3 | 5.8 | 104.8 | -2.8 | -3.7 | -3.8 | -0.2 | -3.6 | -3.9 | 9 |
| Nonfinancial business; net lending (+) or borrowing (-) (financial account) | FA145000005 | 42.2 | -56.2 | -92.9 | 30.7 | -768.9 | -56.7 | 901.5 | 46.7 | -313.1 | 10 |
| Nonfinancial business; total financial assets | FA144090005 | 1466.8 | 2037.6 | 3041.8 | 811.8 | 488.6 | 1101 | 1904.7 | -247.1 | 1197.2 | 11 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 4 | 31.3 | 34.7 | 35.5 | -14.1 | 107.4 | 34.8 | 13.8 | 71 | 12 |
| Nonfinancial business; checkable deposits and currency; asset | FA143020005 | 504.3 | 343 | -12 | 48.6 | 112.8 | -318.6 | 428.3 | -28.3 | 627.1 | 13 |
| Nonfinancial business; total time and savings deposits; asset | FA143030005 | 279.4 | 101 | 88.6 | 154.1 | 33.9 | 512 | 109.7 | -39.4 | 35.2 | 14 |
| Nonfinancial business; money market fund shares; asset | FA143034005 | 142.4 | 102.6 | -67.1 | 159.1 | 321.1 | 141.8 | 103.3 | 70.3 | 91.2 | 15 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 23.6 | -10.3 | 3.4 | -0.9 | 9.9 | -0.6 | -1.2 | -11.9 | -1.8 | 16 |
| Nonfinancial business; debt securities; asset | FA144022005 | 35.5 | 40.2 | 7.4 | -3.3 | 5.7 | 52 | 196.6 | -267.4 | 45.3 | 17 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 33.3 | 5.4 | -39.4 | -14.1 | 23.8 | -36.4 | 134.1 | -177.9 | 0.1 | 18 |
| Nonfinancial business; Treasury securities; asset | FA143061105 | 5.2 | 12.9 | 33.1 | 10.1 | -13 | 69.2 | 49.5 | -65.2 | 36.6 | 19 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 3.6 | 2.9 | 5.8 | 3.4 | -0.7 | 19.3 | 8.2 | -13.1 | 9.3 | 20 |
| Nonfinancial business; municipal securities; asset | FA143062005 | -7.8 | 11.3 | 5.2 | 0 | -0.3 | 0.9 | 1.1 | -1.7 | 0.4 | 21 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 1.2 | 7.7 | 2.7 | -2.7 | -4 | -0.9 | 3.6 | -9.6 | -1.1 | 22 |
| Nonfinancial business; loans; asset | FA144023005 | 17 | 12.6 | -5.5 | 9.1 | 15.3 | -22.7 | 11.4 | 32.3 | -16 | 23 |
| Nonfinancial business; total mortgages; asset | FA143065005 | 17 | 12.7 | -5.5 | 9.1 | 26.6 | 3.6 | 0.2 | 5.9 | -1.5 | 24 |
| Nonfinancial business; consumer credit; asset | FA143066005 | -0 | -0 | -0 | -0 | -11.4 | -26.3 | 11.2 | 26.4 | -14.4 | 25 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -33.7 | -52.7 | -26.6 | 9 | 123.7 | -83.3 | 51.4 | -55.8 | 79.2 | 26 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -136 | -101.4 | -136.2 | 56.1 | 52.4 | 56.7 | 54.6 | 60.8 | 56.1 | 27 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 251 | 293.1 | 357.7 | 324.7 | 195.1 | 237.3 | 410.4 | 456 | 497.8 | 28 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FA143092405 | 0.3 | 1.4 | 1 | 3.4 | 8.8 | 2.1 | 0.9 | 1.7 | -0.4 | 29 |
| 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 | 30 |
| Nonfinancial business; trade receivables; asset | FA143070005 | 39.6 | 578.1 | 513.3 | 34 | -132.4 | 147.1 | 333.5 | -212.4 | -221.2 | 31 |
| Nonfinancial business; total miscellaneous assets | FA143090005 | 329.6 | 676.7 | 2287.5 | -13 | -239.1 | 274.1 | 175.4 | -262.5 | -61.8 | 32 |
| Nonfinancial business; total liabilities and equity | FA144194005 | 1424.6 | 2093.8 | 3134.7 | 781.1 | 1257.5 | 1157.7 | 1003.2 | -293.8 | 1510.4 | 33 |
| Nonfinancial business; total liabilities | FA144190005 | 1323 | 1970.8 | 3521.2 | 1118.8 | 1284.3 | 1272.4 | 1141.3 | 777.3 | 1994.3 | 34 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 695.5 | 252.6 | 78.2 | 229.2 | 567.3 | 151.3 | 102.7 | 95.4 | 542.7 | 35 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | -62.3 | 6 | 59.3 | 20.4 | -71.8 | 21.2 | 59.4 | 72.8 | 69.2 | 36 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 5.6 | 11.6 | 0.7 | -1.4 | 7.2 | 10.2 | -0.7 | -22.3 | 26.7 | 37 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 752.2 | 235 | 18.1 | 210.2 | 631.9 | 120 | 43.9 | 44.9 | 446.9 | 38 |
| Nonfinancial business; loans; liability | FA144123005 | 866.5 | 655.8 | 1034.7 | 187.2 | 367.2 | 169.9 | 171.2 | 40.8 | 291.6 | 39 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FA143168005 | 250 | -113.8 | 343.5 | -2.5 | 120.8 | -17.8 | -112.1 | -0.9 | 19.6 | 40 |
| Nonfinancial business; other loans and advances; liability | FA143169005 | 284.6 | 355.1 | 235.7 | -24.3 | -69.1 | -7.1 | 77.1 | -98 | 30.8 | 41 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 332 | 414.6 | 455.5 | 214 | 315.5 | 194.8 | 206.1 | 139.7 | 241.2 | 42 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA143192305 | -66.6 | -1.3 | 69.7 | 3.6 | -28.1 | 8.8 | 6.6 | 27 | 12.5 | 43 |
| Nonfinancial business; trade payables; liability | FA143170005 | -24.5 | 498.1 | 443.9 | -32.1 | -289 | 18.6 | 337.7 | -195.8 | -37.2 | 44 |
| Nonfinancial business; taxes payable; liability | FA143178005 | 15.2 | 6.8 | 27.2 | -24 | 90.3 | -147.6 | 7.6 | -46.1 | 64 | 45 |
| Nonfinancial business; total miscellaneous liabilities | FA143190005 | -163.1 | 558.8 | 1867.5 | 754.9 | 576.6 | 1071.4 | 515.5 | 856 | 1120.6 | 46 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA143181105 | 101.6 | 123 | -386.5 | -337.7 | -26.8 | -114.8 | -138.1 | -1071.1 | -483.9 | 47 |
| Nonfinancial corporate business; corporate equities; liability | FA103164105 | -81.9 | -134.1 | -556.3 | -620.8 | -413.9 | -413.7 | -439 | -1216.6 | -632 | 48 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | FA143192105 | 165.5 | 386.7 | 265.1 | 307.9 | 447 | 262.7 | 266.9 | 254.9 | 214.6 | 49 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | 18.1 | -129.5 | -95.3 | -24.8 | -59.9 | 36.2 | 34 | -109.4 | -66.5 | 50 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 115.7 | 208.9 | -74.1 | 148.2 | 877.2 | 217.1 | -722.6 | 221.1 | 441.4 | 51 |
NOTES
- Sum of nonfinancial corporate business (table F.103) and nonfinancial noncorporate business (table F.104).
Last Update: June 7, 2024