F.4.c Consumption of Fixed Capital
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
All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) FA886300095 3625.5 3873.3 4299.9 4585.8 4507.4 4557 4611.5 4667.3 4711.8 1
All domestic sectors; consumption of fixed capital, structures FA886300065 1273.5 1378.8 1578.1 1684.6 1656.9 1674.4 1693.7 1713.4 1729.6 2
All domestic sectors; consumption of fixed capital, equipment FA886300025 1177.9 1231.1 1339.3 1428.2 1403.2 1419.1 1436.4 1454.2 1468.1 3
All domestic sectors; consumption of fixed capital, nonresidential intellectual property products FA886330075 1174.1 1262.8 1382.4 1472.8 1447.2 1463.4 1481.3 1499.5 1514.1 4
All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis FA886330035 481.8 520.1 575.8 614.1 603.4 610.2 617.5 625.1 631.1 5
All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis FA886330045 608.8 655.7 712.9 758.7 745.5 753.8 763 772.5 780.1 6
Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis FA836330053 83.5 87 93.7 100.1 98.3 99.4 100.7 102 102.9 7
General government; consumption of fixed capital, structures, equipment, and intellectual property products (residual difference between NIPA and fixed asset accounts) (1) FA366300095 0.1 0.6 0.1 0.1 0.1 0.1 0.1 0.1 0.1 8
All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) FA886300095 3625.5 3873.3 4299.9 4585.8 4507.4 4557 4611.5 4667.3 4711.8 9
Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA156300003 647.5 722 821 855.6 843.1 848.3 862 869.1 871.9 10
Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REITs for all periods (adjusted NIPA basis) FA106300011 1730.2 1818.3 2004.7 2165.5 2121.6 2153.1 2177.5 2209.8 2235.8 11
Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis FA116300001 372.1 398.4 445.2 469.8 463 467 472.3 477 480.6 12
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 309.4 326 350.8 370.5 364.3 368 372.5 377.1 381.6 13
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) FA216300001 308.4 333 371.5 393.2 389.7 391.7 394.4 397.1 400.8 14
Domestic financial sectors; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (2) FA796330005 257.9 275.7 306.6 331.1 325.6 328.9 332.8 337.1 341.1 15
Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA716330005 0.9 1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 16
Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA706330005 63.3 68.3 76.3 82.9 81.6 82.4 83.3 84.4 85.4 17
U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA766330005 49.1 52.5 58 63.2 62.2 62.8 63.5 64.3 65 18
Foreign banking offices in the U.S.; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA756330005 6.8 7.6 8.9 9.6 9.4 9.5 9.6 9.7 9.9 19
Banks in U.S.-affiliated areas; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA746330005 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 20
Credit unions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA476330005 7.2 8 9.3 10 9.8 9.9 10 10.1 10.3 21
Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products FA516330005 27.6 30.6 34.6 37.2 36.6 37 37.4 37.9 38.4 22
Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA546330005 22.6 25.3 29 31.3 30.8 31.1 31.5 31.9 32.2 23
Private pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA576330005 0.2 0.5 1.1 1.2 1.1 1.2 1.2 1.2 1.2 24
State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA226330005 0.3 0.7 1.3 1.4 1.3 1.3 1.4 1.4 1.4 25
Government-sponsored enterprises; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA406330005 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 26
Issuers of asset-backed securities; consumption of fixed capital; nonresidential equipment, current cost basis FA676330023 0 0 0 0 0 0 0 0 0 27
Finance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis FA616330005 74.1 74.6 78.5 84.6 83.2 84.1 85 86.2 87.2 28
Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA666330005 31.8 36.9 43.2 46.5 45.8 46.2 46.8 47.4 48 29
Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA736330005 36.4 37.4 40.9 44.1 43.4 43.8 44.3 44.9 45.4 30
Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) FA156300103 1219.1 1365.8 1559.4 1644.4 1618.6 1637.6 1659.5 1661.9 1667.8 31

NOTES

  1. Calculated as the difference between consumption of fixed capital in BEA's NIPA and consumption of fixed capital in BEA's fixed assets accounts (FAA); the latter are used to estimate.
  2. Domestic financial subsector detail are based on FRB staff estimates.
  3. Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector capital expenditures.
Last Update: June 7, 2024