S1M.i.a Households and nonprofit institutions serving households 🕮 PDF
Line Description Series 2017 2018 2019 2020 2021 2022 2023 2024
Current account
Line 1 Gross value added FA156902505 2423.2 2539.1 2657.2 2782.9 2920.7 3192.5 3460.1 3700.2
Line 2 Less: Consumption of fixed capital FA156300003 548.6 586.5 614.4 648.0 723.6 818.2 848.4 878.3
Line 3 Equals: Net value added FA156902605 1874.6 1952.6 2042.8 2134.9 2197.1 2374.3 2611.8 2821.9
Line 4 Compensation paid by households and NPISHs FA156025005 890.6 935.7 980.4 1015.2 1057.8 1141.1 1212.4 1297.4
Line 5 Wages and salaries FA156020001 735.7 771.2 808.2 832.5 878.0 951.2 1014.6 1085.3
Line 6 Employers' social contributions FA156401001 154.9 164.5 172.2 182.7 179.8 189.9 197.8 212.2
Line 7 Taxes on production and imports less subsidies FA156240101 188.0 196.4 208.8 215.2 225.4 233.9 245.9 264.2
Line 8 Operating surplus, net FA156402101 796.0 820.4 853.5 904.5 913.9 999.3 1153.4 1260.3
Line 9 Net national income/Balance of primary incomes, net FA156140005 14817.1 15587.0 16298.0 16551.5 18121.8 19395.2 20633.5 21724.6
Line 10 Operating surplus, net FA156402101 796.0 820.4 853.5 904.5 913.9 999.3 1153.4 1260.3
Line 11 Compensation of employees (received) FA156025105 10424.4 10957.4 11446.6 11598.1 12558.4 13443.4 14207.4 15027.1
Line 12 Wages and salaries FA156020101 8474.4 8899.8 9325.1 9465.3 10315.0 11122.8 11732.4 12387.9
Line 13 Employers' social contributions FA156401101 1950.0 2057.6 2121.5 2132.8 2243.4 2320.6 2475.0 2639.1
Line 14 Property income (received) FA156150105 4167.6 4424.3 4649.0 4639.8 5221.2 5596.6 6114.1 6377.5
Line 15 Interest FA156130101 1468.0 1555.9 1605.0 1507.5 1474.5 1574.8 1831.4 1928.8
Line 16 Distributed income of corporations FA156120105 2699.6 2868.4 3044.0 3132.3 3746.6 4021.7 4282.6 4448.7
Line 17 Dividends FA156121101 1144.3 1234.9 1346.5 1399.1 1771.4 1961.7 2147.4 2218.7
Line 18 Withdrawals from income of quasi-corporations(1) FA156122101 1555.3 1633.5 1697.5 1733.2 1975.2 2060.0 2135.3 2230.0
Line 19 Less: Uses of property income (interest paid) FA156130001 570.9 615.1 651.1 591.0 571.7 644.0 841.4 940.3
Line 20 Net national income/Balance of primary incomes, net FA156140005 14817.1 15587.0 16298.0 16551.5 18121.8 19395.2 20633.5 21724.6
Line 21 Less: Current taxes on income, wealth, etc. (paid) FA156220001 2048.8 2074.2 2198.7 2248.2 2698.0 3243.3 2835.7 2988.2
Line 22 Plus: Social benefits (received) FA156404105 2807.4 2926.0 3090.8 4187.5 4566.7 4013.0 4150.6 4455.7
Line 23 Less: Social contributions (paid) FA156600001 1298.9 1361.7 1424.8 1449.6 1559.3 1703.8 1800.6 1923.2
Line 24 Plus: Other current transfers (received) FA156403101 48.3 50.3 56.3 47.7 93.5 126.6 106.1 99.7
Line 25 Less: Other current transfers (paid) FA156403001 192.8 196.4 206.0 195.7 227.8 264.8 261.4 279.3
Line 26 Equals: Disposable income, net FA156012095 14132.3 14931.1 15615.7 16893.1 18296.9 18322.9 19992.4 21089.2
Line 27 Less: Final consumption expenditures FA156901001 13290.6 13934.4 14437.5 14231.4 16119.7 17690.0 18833.2 19896.0
Line 28 Equals: Net saving FA156006005 841.6 996.7 1178.2 2661.8 2177.2 632.9 1159.2 1193.2
 
Capital account
Line 29 Net saving less capital transfers FA156006315 856.8 987.3 1163.1 2658.8 2217.5 630.0 1259.4 1242.4
Line 30 Net saving FA156006005 841.6 996.7 1178.2 2661.8 2177.2 632.9 1159.2 1193.2
Line 31 Less: Capital transfers paid (net) FA155440005 -15.2 9.4 15.1 3.0 -40.3 2.9 -100.1 -49.2
Line 32 Capital formation, net FA155050905 295.9 309.5 307.3 346.9 453.9 400.8 331.3 381.9
Line 33 Gross fixed capital formation, excluding consumer durables FA155019005 856.8 909.8 935.5 1008.5 1191.2 1233.9 1195.8 1277.3
Line 34 Residential FA155012005 635.6 668.4 678.0 755.9 936.2 970.9 905.0 971.3
Line 35 Nonresidential (nonprofit organizations) FA165013005 221.2 241.4 257.4 252.7 255.0 263.0 290.8 306.0
Line 36 Less: Consumption of fixed capital FA156300003 548.6 586.5 614.4 648.0 723.6 818.2 848.4 878.3
Line 37 Acquisition of nonproduced nonfinancial assets FA155420003 -12.2 -13.8 -13.7 -13.6 -13.7 -15.0 -16.1 -17.1
Line 38 Net lending (+) or borrowing (-), capital account (lines 29-32) FA155000905 560.9 677.7 855.7 2311.9 1763.6 229.2 928.1 860.6
 
Financial account
Line 39 Net lending (+) or borrowing (-) (line 38) FA155000905 560.9 677.7 855.7 2311.9 1763.6 229.2 928.1 860.6
Line 40 Net acquisition of financial assets FA154090005 1399.5 1314.8 2405.5 3548.3 2914.7 2009.1 2387.5 2573.1
Line 41 Currency and deposits FA154000005 435.3 258.0 601.8 2403.5 1747.4 -336.9 -603.2 -46.6
Line 42 Currency and transferable deposits FA153020005 212.1 -175.6 27.2 1971.8 966.1 432.3 -151.4 31.1
Line 43 Time and savings deposits FA153030005 210.5 430.7 575.8 423.8 781.5 -772.6 -450.9 -83.5
Line 44 Other deposits FA153030505 12.7 2.9 -1.2 7.8 -0.2 3.4 -0.9 5.8
Line 45 Debt securities FA154022005 -86.1 778.6 149.9 -595.6 -1183.2 1774.3 978.6 43.6
Line 46 Treasury securities FA153061105 -31.8 586.1 165.3 -276.7 -825.7 1299.4 781.1 41.2
Line 47 Agency- and GSE-backed securities(2) FA153061705 29.1 181.5 78.9 -408.3 15.4 701.6 21.2 57.3
Line 48 Municipal securities FA153062005 -20.9 -9.4 -65.3 -42.7 -104.7 46.1 96.7 96.4
Line 49 Corporate and foreign bonds FA153063005 -62.5 20.4 -29.1 132.1 -268.2 -272.9 79.7 -151.4
Line 50 Loans FA154035005 -40.0 -9.9 4.7 74.2 45.1 47.7 -55.9 23.2
Line 51 Short-term FA154041005 -36.6 -3.9 7.1 76.0 38.9 57.3 -55.0 26.8
Line 52 Long-term (mortgages) FA153065005 -3.4 -6.0 -2.4 -1.8 6.2 -9.5 -0.9 -3.6
Line 53 Equity and investment fund shares FA153081005 512.8 -100.3 1158.4 1014.3 1998.8 -43.1 1363.6 1980.1
Line 54 Corporate equities FA153064105 34.5 -202.1 315.4 658.0 1375.4 595.6 448.7 1404.9
Line 55 Money market fund shares FA153034005 65.0 177.7 435.8 430.2 92.3 298.0 927.2 669.5
Line 56 Mutual fund shares FA153064205 312.0 17.7 350.0 -152.2 582.0 -697.6 -206.7 -126.2
Line 57 Hedge fund shares FA153064705 -11.5 -69.4 -9.2 45.7 46.1 -145.2 -107.2 -70.7
Line 58 Private debt fund shares FA153064505 4.9 8.0 8.9 5.4 17.1 17.8 22.6 10.9
Line 59 Equity in noncorporate business FA152090205 107.9 -32.3 57.6 27.1 -114.1 -111.7 279.0 91.8
Line 60 Equity investment under Public-Private Inv. Program(3) FA153094305 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 61 Insurance, pension and standardized guarantee schemes FA153052005 561.5 383.0 491.8 578.2 287.2 545.9 668.5 536.3
Line 62 Insurance receivables due from property-casualty insurance companies FA153076005 31.6 17.9 12.0 21.3 40.9 61.6 46.7 58.2
Line 63 Life insurance reserves FA153040005 22.1 48.4 20.0 94.1 30.2 59.8 22.4 58.3
Line 64 Pension entitlements(4) FA153050005 485.4 282.0 430.3 439.8 180.8 378.2 556.9 386.0
Line 65 Non-life insurance reserves at life insurance companies FA153095105 12.8 20.8 15.1 14.8 13.9 7.8 12.6 8.0
Line 66 Retiree Health Care Funds FA313195105 9.6 13.9 14.4 8.2 21.4 38.5 29.8 25.8
Line 67 Other accounts receivable FA163096005 16.0 5.5 -1.2 73.7 19.4 21.3 35.8 36.5
Line 68 Net incurrence of liabilities FA154190005 534.8 503.7 588.9 516.4 1183.4 1316.4 560.3 575.4
Line 69 Debt securities (municipals) FA163162003 1.2 -1.5 -1.5 -9.2 -0.3 -0.8 2.3 8.8
Line 70 Loans FA154135005 526.5 495.1 540.3 497.4 1154.5 1307.9 536.3 548.6
Line 71 Short-term FA154141005 233.3 210.8 205.1 63.1 334.8 412.1 119.3 162.7
Line 72 Depository institution loans n.e.c. FA153168005 10.9 41.1 10.7 23.0 62.4 82.8 -21.0 10.2
Line 73 Consumer credit FA153166000 194.3 172.7 185.1 -12.0 237.8 345.7 129.8 98.0
Line 74 Other loans and advances FA153169005 28.0 -3.0 9.3 52.2 34.6 -16.4 10.5 54.5
Line 75 Long-term (mortgages) FA153165005 293.2 284.3 335.2 434.3 819.6 895.8 416.9 385.9
Line 76 Insurance, pension and standardized guarantee schemes FA543077073 1.8 1.9 1.5 0.1 1.5 -1.5 2.4 0.2
Line 77 Other accounts payable (trade debt) FA163170005 5.3 8.2 48.5 28.1 27.7 10.8 19.3 17.9
 
Addendum:
Line 78 Net lending (+) or borrowing (-), financial account (lines 40-68) FA155000005 864.6 811.1 1816.6 3031.9 1731.3 692.6 1827.1 1997.7
 
Other changes in volume account
Line 79 Total other volume changes FV158090185 633.3 379.5 1589.2 1066.7 37.8 -498.6 1289.1 1311.2
Line 80 Net investment in consumer durable goods FU155111005 224.0 247.9 235.8 286.6 475.9 366.7 328.4 344.6
Line 81 Disaster losses FV152010005 -43.0 -15.9 13.7 13.6 -6.0 -14.2 16.1 4.0
Line 82 Other volume changes FV158090085 148.5 14.1 378.9 46.5 -399.7 -1314.5 45.5 -174.5
Line 83 Less: Statistical discrepancy (lines 38-78)(5) FU157005045 -303.8 -133.4 -960.9 -720.0 32.3 -463.4 -899.0 -1137.1
 
Revaluation account
Line 84 Nonfinancial assets FR152010005 1740.3 817.2 795.4 3654.2 7589.5 2704.0 2258.7 1704.5
Line 85 Real estate FR155035005 1831.7 860.0 832.2 3575.7 7072.8 2397.8 2351.7 1777.0
Line 86 Equipment FR165015205 -1.7 -0.7 -1.1 7.6 17.6 26.0 16.8 12.1
Line 87 Intellectual property products FR165013765 3.4 1.7 0.3 6.6 1.4 3.6 1.4 5.3
Line 88 Consumer durable goods FR155111005 -93.1 -43.9 -36.0 64.4 497.8 276.6 -111.2 -90.0
Line 89 Financial assets FR154090005 5659.6 -2189.3 7734.1 7685.2 11106.7 -10758.0 7787.6 8789.1
Line 90 Currency and deposits FR154000005 -2.0 1.1 4.1 -4.6 -3.5 -3.9 -3.0 0.9
Line 91 Debt securities FR154022005 61.1 -88.6 208.8 143.4 -102.3 -381.9 151.5 -48.5
Line 92 Corporate equities FR153064105 2662.6 -1317.5 3614.9 4028.1 5778.1 -6406.4 4841.2 5664.7
Line 93 Mutual fund shares FR153064205 1047.5 -676.0 1509.7 1147.0 1295.4 -2362.3 1417.3 1238.9
Line 94 Hedge fund shares FR153064705 139.0 -28.3 175.9 186.1 180.4 -107.3 196.8 236.9
Line 95 Private debt fund shares FR153064505 0.3 -2.1 1.5 0.7 4.0 -6.8 2.8 0.0
Line 96 Equity in noncorporate business FR152090205 705.9 443.0 654.5 937.8 2465.7 704.3 -434.6 143.5
Line 97 Equity investment under Public-Private Inv. Program FR153094305 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 98 Insurance, pension and standardized guarantee schemes FR153052005 1045.3 -520.9 1564.7 1246.7 1489.0 -2193.7 1615.5 1552.6
Line 99 Changes in net worth due to nominal holding gains/losses FR152090005 7399.9 -1372.1 8529.5 11339.4 18696.3 -8054.0 10046.3 10493.6
 
Changes in balance sheet account
Line 100 Change in net worth (lines 32+38+79+99) FC152090005 8890.0 -5.3 11281.8 15064.9 20951.6 -7922.5 12594.8 13047.3
 
Balance sheet account (end of period)
Line 101 Total assets FL152000005 118949.9 119433.2 131338.1 146880.1 169382.2 162794.3 175945.4 189507.8
Line 102 Nonfinancial assets LM152010005 35803.3 37143.5 38471.6 42765.2 51261.2 54698.6 57611.1 60024.0
Line 103 Real estate LM155035005 29895.7 30992.4 32080.6 35977.4 43450.4 46191.8 48842.7 50955.5
Line 104 Consumer durable goods LM155111005 5267.6 5471.6 5671.3 6022.3 6996.0 7639.3 7856.6 8111.2
Line 105 Equipment LM165015205 458.0 485.5 514.6 543.7 581.7 622.3 653.5 681.7
Line 106 Intellectual property products LM165013765 182.0 193.9 205.1 221.7 233.2 245.3 258.3 275.6
Line 107 Financial assets FL154090005 83146.6 82289.7 92866.4 104114.9 118121.0 108095.6 118334.3 129483.9
Line 108 Currency and deposits FL154000005 10183.0 10441.1 11055.6 13489.2 15210.2 14873.4 14280.9 14264.4
Line 109 Currency and transferable deposits FL153020005 1313.9 1138.3 1176.0 3147.8 4103.6 4535.9 4384.4 4440.4
Line 110 Time and savings deposits FL153030005 8830.2 9261.0 9839.0 10293.0 11058.4 10285.9 9845.7 9767.5
Line 111 Other deposits LM153030505 39.0 41.8 40.6 48.5 48.2 51.7 50.8 56.6
Line 112 Debt securities LM154022005 3229.3 3877.9 4261.9 3683.5 2661.1 4370.4 5389.9 5534.6
Line 113 Treasury securities LM153061105 603.1 1155.3 1391.9 1190.7 303.0 1538.3 2361.9 2371.7
Line 114 Agency- and GSE-backed securities(2) LM153061705 395.2 550.0 649.5 246.1 255.1 922.0 965.6 1030.4
Line 115 Municipal securities LM153062005 2040.3 1980.3 2008.7 2021.5 1892.8 1711.3 1863.5 1937.4
Line 116 Corporate and foreign bonds LM153063005 190.7 192.4 211.8 225.1 210.2 198.8 199.0 195.0
Line 117 Loans FL154035005 757.5 747.6 752.3 826.5 871.6 919.4 863.5 886.7
Line 118 Short-term FL154041005 669.2 665.3 672.4 748.4 787.4 844.6 789.6 816.4
Line 119 Long-term (mortgages) FL153065005 88.3 82.3 79.9 78.1 84.3 74.8 73.9 70.3
Line 120 Equity and investment fund shares FL153081005 39861.9 38143.3 45374.1 52734.6 63977.3 55727.7 63077.3 71894.1
Line 121 Corporate equities LM153064105 17149.2 15636.7 19536.5 24265.4 30966.4 25140.3 30370.2 36999.3
Line 122 Money market fund shares FL153034005 1558.6 1736.3 2172.1 2602.3 2691.4 2989.4 3916.6 4586.1
Line 123 Mutual fund shares LM153064205 8693.3 8035.1 10041.8 11036.6 12914.0 9854.1 11074.7 12187.4
Line 124 Hedge fund shares LM153064705 1403.3 1305.6 1472.3 1704.1 1930.7 1678.2 1767.8 1934.0
Line 125 Private debt fund shares LM153064505 57.7 63.5 73.9 80.0 101.1 112.2 137.6 148.5
Line 126 Equity in noncorporate business LM152090205 10999.8 11366.1 12077.5 13046.2 15373.6 15953.5 15810.3 16038.8
Line 127 Equity investment under Public-Private Inv. Program(3) LM153094305 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 128 Insurance, pension and standardized guarantee schemes FL153052005 28854.9 28814.2 31158.2 33043.0 35043.4 31826.0 34308.2 36453.0
Line 129 Insurance receivables due from property-casualty insurance companies FL153076005 574.0 591.9 603.9 625.2 666.1 727.7 774.3 832.6
Line 130 Life insurance reserves FL153040005 1678.6 1709.9 1786.2 1921.8 2000.3 1987.1 2060.5 2161.9
Line 131 Pension entitlements(4) FL153050005 25974.8 25850.6 28075.5 29779.4 31623.8 28313.6 30632.1 32582.6
Line 132 Non-life insurance reserves at life insurance companies FL153095105 340.4 360.8 377.1 393.0 408.1 414.1 427.9 436.8
Line 133 Retiree Health Care Funds FL313195105 287.1 301.0 315.4 323.6 345.1 383.6 413.4 439.1
Line 134 Other accounts receivable FL163096005 259.9 265.5 264.3 338.0 357.5 378.7 414.5 451.0
Line 135 Total liabilities and net worth FL152100005 118949.9 119433.2 131338.1 146880.1 169382.2 162794.3 175945.4 189507.8
Line 136 Liabilities FL154190005 15240.8 15729.5 16352.6 16829.7 18380.2 19714.8 20271.1 20786.3
Line 137 Debt securities (municipals) FL163162003 220.1 218.6 217.2 208.0 207.7 206.9 209.2 218.0
Line 138 Loans FL154135005 14633.2 15113.3 15687.7 16145.8 17667.4 18993.4 19525.7 20014.0
Line 139 Short-term FL154141005 4521.6 4735.9 4941.0 4973.0 5433.7 5845.8 5965.1 6071.4
Line 140 Consumer credit FL153166000 3830.8 4007.0 4192.2 4149.0 4512.7 4858.4 4988.2 4947.2
Line 141 Depository institution loans n.e.c. FL153168005 327.0 368.1 378.7 401.7 464.1 546.9 525.9 618.8
Line 142 Other loans and advances FL153169005 363.8 360.8 370.1 422.2 456.8 440.4 451.0 505.4
Line 143 Long-term (mortgages) FL153165005 10111.6 10377.3 10746.7 11172.9 12233.7 13147.6 13560.6 13942.6
Line 144 Insurance, pension and standardized guarantee schemes FL543077073 33.5 35.4 36.9 37.0 38.4 37.0 39.4 39.5
Line 145 Other accounts payable (trade debt) FL163170005 354.1 362.3 410.8 439.0 466.7 477.5 496.9 514.8
Line 146 Net worth FL152090005 103709.0 103703.7 114985.5 130050.4 151002.0 143079.5 155674.3 168721.5

Notes:

  1. Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
  2. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
  3. Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
  4. Includes variable annuities, including those in IRAs, at life insurance companies.
  5. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
Last Update: September 11, 2026