Financial Accounts of the United States - Z.1
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
- 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.
- Domestic financial subsector detail are based on FRB staff estimates.
- 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