Financial Accounts of the United States - Z.1
S11.2.r Nonfinancial noncorporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Change in net worth(1) | FC112090005 | -138.5 | 257.1 | 296.2 | 112.2 | -60.1 | 45.9 | 320.9 | -10.6 | 240.0 |
| Line 2 | Net investment | FU112090005 | 278.5 | 104.8 | 68.3 | 32.5 | -29.8 | 47.2 | 36.8 | 14.2 | -19.6 |
| Line 3 | Nonfinancial investment | FU112010005 | 140.9 | 133.3 | 105.2 | 39.0 | -26.9 | 53.9 | 44.6 | 33.6 | -44.3 |
| Line 4 | Residential real estate | FU115035023 | 44.6 | 42.4 | 27.1 | 3.3 | -20.0 | 26.3 | 23.2 | -2.4 | -24.6 |
| Line 5 | Nonresidential real estate | FU115035035 | 82.3 | 77.6 | 57.2 | 18.1 | 4.9 | 17.0 | 19.8 | 15.4 | 2.1 |
| Line 6 | Residential equipment | FU115012265 | 4.5 | 4.6 | 3.9 | 1.1 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 |
| Line 7 | Nonresidential equipment | FU115013265 | -28.4 | -24.9 | -25.4 | 6.4 | -29.2 | 1.9 | -7.3 | 9.2 | -32.1 |
| Line 8 | Intellectual property products | FU115013765 | 28.0 | 25.0 | 34.2 | 8.4 | 7.6 | 8.0 | 8.6 | 10.0 | 10.3 |
| Line 9 | Inventories | FU115020005 | 9.8 | 8.6 | 8.2 | 1.6 | 8.8 | -0.3 | -0.8 | 0.5 | -0.9 |
| Line 10 | Net acquisition of financial assets | FU114090005 | 631.3 | 436.4 | 645.4 | 142.3 | 121.0 | 159.3 | 153.6 | 211.6 | 232.0 |
| Line 11 | Less: Net increase in liabilities | FU114190005 | 493.7 | 465.0 | 682.3 | 148.8 | 123.8 | 166.1 | 161.4 | 231.0 | 207.3 |
| Line 12 | Net holding gains | FR112090005 | -431.4 | 158.4 | 241.6 | 86.0 | -30.4 | -1.3 | 284.1 | -10.8 | 259.4 |
| Line 13 | Nonfinancial assets | FR112010005 | -433.5 | 159.5 | 238.4 | 89.3 | -32.3 | -1.6 | 283.0 | -10.8 | 260.0 |
| Line 14 | Residential real estate | FR115035023 | -342.2 | 72.8 | 65.4 | 29.5 | 30.7 | 55.3 | -37.8 | 17.3 | 43.9 |
| Line 15 | Nonresidential real estate | FR115035035 | -160.3 | 5.8 | 128.1 | 50.5 | -89.2 | -52.5 | 263.9 | 6.0 | 134.1 |
| Line 16 | Residential equipment(2) | FR115012265 | -6.7 | -3.7 | 1.2 | -1.4 | -2.0 | 2.8 | 0.4 | 0.1 | -0.7 |
| Line 17 | Nonresidential equipment(2) | FR115013265 | 70.2 | 61.4 | 25.9 | -1.6 | 21.1 | -1.9 | 14.2 | -7.5 | 37.8 |
| Line 18 | Intellectual property products(2) | FR115013765 | 8.6 | 10.4 | -8.8 | 4.2 | -4.2 | -4.2 | -0.7 | 0.3 | -1.0 |
| Line 19 | Inventories(2) | FR115020005 | -3.0 | 12.7 | 26.6 | 8.1 | 11.3 | -0.9 | 43.0 | -26.9 | 45.9 |
| Line 20 | Financial assets (debt securities) | FR114022005 | 2.0 | -0.9 | 3.1 | -3.3 | 2.0 | 0.1 | 0.9 | 0.0 | -0.6 |
| Line 21 | Less: liabilities(3) | FR115114305 | -0.1 | 0.2 | -0.1 | 0.0 | 0.1 | -0.1 | -0.2 | 0.0 | 0.0 |
| Line 22 | Other volume changes(4) | FV112090005 | 14.3 | -6.1 | -13.8 | -6.3 | 0.1 | 0.1 | 0.1 | -14.0 | 0.1 |
| Memo: | |||||||||||
| Line 23 | Net worth outstanding (assets minus liabilities)(5) | LM112090005 | 15772.4 | 16029.5 | 16325.7 | 16029.5 | 15969.4 | 16015.4 | 16336.3 | 16325.7 | 16565.7 |
Notes:
- Sum of net investment (line 2), net holding gains (line 12), and other volume changes (line 22).
- Valued at current cost.
- Foreign direct investment: intercompany debt.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Nonfinancial noncorporate business table (S11.2.b), line 40.
Last Update: June 11, 2026