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
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4313.4 | 4587.7 | 4510.6 | 4558.9 | 4613 | 4668.5 | 4714.1 | 4781 | 4851.6 | 1 |
| All domestic sectors; consumption of fixed capital, structures | FA886300065 | 1592.3 | 1670.1 | 1644.2 | 1660.4 | 1678.5 | 1697.4 | 1713.9 | 1737.1 | 1762.4 | 2 |
| All domestic sectors; consumption of fixed capital, equipment | FA886300025 | 1340.2 | 1409.7 | 1386.4 | 1401 | 1417.4 | 1434.1 | 1448.1 | 1469.3 | 1491.1 | 3 |
| All domestic sectors; consumption of fixed capital, nonresidential intellectual property products | FA886330075 | 1380.6 | 1507.9 | 1480 | 1497.5 | 1517.1 | 1536.9 | 1552.1 | 1574.6 | 1598 | 4 |
| All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis | FA886330035 | 576.4 | 643.9 | 630.9 | 639.1 | 648.2 | 657.4 | 663.8 | 673.4 | 683.4 | 5 |
| All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis | FA886330045 | 710.7 | 763.8 | 750.6 | 758.8 | 768.2 | 777.4 | 785.2 | 796.6 | 808.4 | 6 |
| Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis | FA836330053 | 93.5 | 100.2 | 98.5 | 99.6 | 100.8 | 102 | 103 | 104.6 | 106.1 | 7 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products (residual difference between NIPA and fixed asset accounts) (1) | FA366300095 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4313.4 | 4587.7 | 4510.6 | 4558.9 | 4613 | 4668.5 | 4714.1 | 4781 | 4851.6 | 9 |
| Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA156300003 | 818.6 | 850.7 | 838.4 | 843 | 857 | 864.2 | 866.1 | 876.5 | 888.7 | 10 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REITs for all periods (adjusted NIPA basis) | FA106300011 | 2011 | 2161.7 | 2119.5 | 2149.7 | 2172.8 | 2204.6 | 2232.2 | 2267.6 | 2300.8 | 11 |
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA116300001 | 447.6 | 474.6 | 467.1 | 471.5 | 477.1 | 482.9 | 487.2 | 493.6 | 500.4 | 12 |
| Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA316300001 | 357.9 | 378.2 | 371.5 | 375.6 | 380.6 | 385.1 | 389.4 | 394.8 | 400.6 | 13 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 375.7 | 398.6 | 395 | 397.1 | 399.7 | 402.8 | 406.7 | 409.3 | 414.5 | 14 |
| Domestic financial sectors; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (2) | FA796330005 | 302.5 | 324 | 319 | 322.1 | 325.8 | 328.9 | 332.5 | 339.2 | 346.6 | 15 |
| Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA716330005 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 16 |
| Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA706330005 | 76.4 | 84.3 | 81.9 | 83.8 | 85.6 | 86 | 86.4 | 88.5 | 90.8 | 17 |
| U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA766330005 | 58 | 62.8 | 60.5 | 62.4 | 64 | 64.2 | 64.2 | 65.9 | 67.8 | 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 | 8.9 | 11.1 | 10.9 | 11 | 11.1 | 11.2 | 11.4 | 11.6 | 11.8 | 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 | 9.3 | 10.3 | 10.2 | 10.2 | 10.3 | 10.4 | 10.6 | 10.8 | 11 | 21 |
| Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products | FA516330005 | 33.2 | 34.9 | 34.6 | 34.7 | 35 | 35.4 | 35.9 | 36.5 | 37.3 | 22 |
| Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA546330005 | 27.6 | 29.3 | 29 | 29.1 | 29.3 | 29.7 | 30.1 | 30.6 | 31.2 | 23 |
| Private pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA576330005 | 1 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 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 | 1.3 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 25 |
| Government-sponsored enterprises; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA406330005 | 0.6 | 0.7 | 0.7 | 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 | 76.6 | 75.3 | 74.5 | 74.9 | 75.5 | 76.3 | 77.3 | 78.7 | 80.4 | 28 |
| Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA666330005 | 44.2 | 51.8 | 51.2 | 51.5 | 51.9 | 52.5 | 53.2 | 54.2 | 55.3 | 29 |
| Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA736330005 | 40.6 | 43.4 | 42.9 | 43.2 | 43.5 | 44 | 44.6 | 45.4 | 46.3 | 30 |
| Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) | FA156300103 | 1542.6 | 1632.1 | 1603.6 | 1625.8 | 1647.4 | 1651.7 | 1608.1 | 1627.1 | 1637.2 | 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: December 12, 2024