Financial Accounts of the United States - Z.1
S11.2.i.a Nonfinancial noncorporate business 🕮 PDF
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA116902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA116300001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA116902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA116025001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA116020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA116401005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA116240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA116402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA116140001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA116402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (interest received) | FA116130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Less: Uses of property income (paid) | FA116150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Interest | FA116130001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Withdrawals from income of quasi-corporations | FA116122001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Reinvested earnings on foreign direct investment | FA113192281 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Rents on land and natural resources | FA116112001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Net national income/Balance of primary incomes, net | FA116140001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Less: Other current transfers (paid) | FA116403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Equals: Disposable income, net | FA116012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Equals: Net saving | FA116012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 21 | Net saving less capital transfers | FA116006305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net saving | FA116012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Capital transfers paid (net) | FA115440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Capital formation, net | FA115050985 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Gross fixed capital formation | FA115019085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Nonresidential | FA115013085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Residential | FA115012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Less: Consumption of fixed capital | FA116300001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Change in private inventories | FA115020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Net lending (+) or borrowing (-), capital account (lines 21-24) | FA115000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 31 | Net lending (+) or borrowing (-) (line 30) | FA115000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Net acquisition of financial assets | FA114090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Currency and deposits | FA114000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Currency and transferable deposits | FA113020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Time and savings deposits | FA113030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Debt securities | FA114022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Treasury securities | FA113061003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Municipal securities | FA113062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Loans | FA114035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Short-term (consumer credit) | FA113066003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Long-term (mortgages) | FA113065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Equity and investment fund shares | FA113081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Money market fund shares | FA113034003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Equity in government-sponsored enterprises | FA113092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Insurance, pension and standardized guarantee schemes | FA113076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Other accounts receivable | FA113096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Trade receivables | FA113070003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | PPP subsidies receivable | FA113072003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Other (miscellaneous assets) | FA113093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Net incurrence of liabilities | FA114194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Loans | FA114135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Short-term | FA114141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Depository institution loans n.e.c. | FA113168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Other loans and advances | FA113169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Long-term (mortgages) | FA113165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Equity and investment fund shares | FA113181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Equity in noncorporate business | FA112090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Foreign direct investment in the U.S.: equity | FA115114103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Other accounts payable | FA113196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Trade payables | FA113170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Taxes payable | FA113178003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Foreign direct investment in the U.S.: debt | FA115114305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Other (miscellaneous liabilities) | FA113193003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 64 | Net lending (+) or borrowing (-), financial account (lines 32-50) | FA115000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 65 | Total other volume changes | FV118090105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Disaster losses | FV112010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Other volume changes | FV118090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 68 | Nonfinancial assets | FR112010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Real estate | FR115035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Residential | FR115035023 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Nonresidential | FR115035035 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Equipment | FR115015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Residential | FR115012265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Nonresidential | FR115013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Intellectual property products | FR115013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Inventories | FR115020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Financial assets (debt securities) | FR114022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Liabilities | FR114194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Equity in noncorporate business | FR112090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Foreign direct investment in the U.S.: equity | FR115114103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Foreign direct investment in the U.S.: debt | FR115114305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Changes in net worth due to nominal holding gains/losses | FR112090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 83 | Change in net worth (lines 24+30+65+82) | FC112090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 84 | Total assets | FL112000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Nonfinancial assets | LM112010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Real estate | LM115035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Residential | LM115035023 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Nonresidential | LM115035035 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Equipment | LM115015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Residential | LM115012265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Nonresidential | LM115013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Intellectual property products | LM115013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Inventories | LM115020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Financial assets | FL114090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Currency and deposits | FL114000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Currency and transferable deposits | FL113020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Time and savings deposits | FL113030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Debt securities | LM114022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Treasury securities | LM113061003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Municipal securities | LM113062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Loans | FL114035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Short-term (consumer credit) | FL113066003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Long-term (mortgages) | FL113065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Equity and investment fund shares | FL113081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Money market fund shares | FL113034003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Equity in government-sponsored enterprises | FL113092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Insurance, pension and standardized guarantee schemes | FL113076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Other accounts receivable | FL113096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Trade receivables | FL113070003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | PPP subsidies receivable | FL113072003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Other (miscellaneous assets) | FL113093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Total liabilities and net worth | FL112100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Liabilities | FL114194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Loans | FL114135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Short-term | FL114141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Depository institution loans n.e.c. | FL113168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Other loans and advances | FL113169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Long-term (mortgages) | FL113165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Equity and investment fund shares | LM113181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Equity in noncorporate business | LM112090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Foreign direct investment in the U.S.: equity | LM115114103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Other accounts payable | FL113196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Trade payables | FL113170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Taxes payable | FL113178003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Foreign direct investment in the U.S.: debt | FL115114305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Other (miscellaneous liabilities) | FL113193003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Net worth | FL112090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
- 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.
- 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 2004:Q4.
- Net equity in reserves of property-casualty insurance companies.
- Farm houses are included in the household sector.
Last Update: 2026-05-22