Financial Accounts of the United States - Z.1
S11.1.i.a Nonfinancial corporate business 🕮 PDF
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA106902501 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA106300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA106902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA106025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA106020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA106401001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA106240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA106402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA106140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA106402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (received) | FA106150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Interest | FA106130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Distributed income of corporations (dividends) | FA106121101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA103092201 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Less: Uses of property income (paid) | FA106150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Interest | FA106130001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Distributed income of corporations (dividends) | FA106121001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Reinvested earnings on foreign direct investment | FA103192201 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Rent | FA106112001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Net national income/Balance of primary incomes, net | FA106140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Less: Current taxes on income, wealth, etc. (paid) | FA106220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Less: Other current transfers (paid) | FA106403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Equals: Disposable income, net | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Equals: Net saving | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 25 | Net saving less capital transfers | FA106006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Net saving | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Less: Capital transfers paid (net) | FA105440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Capital formation, net | FA105050985 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Gross fixed capital formation (acquisition of produced nonfinancial assets) | FA105019085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Less: Consumption of fixed capital | FA106300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Acquisition of nonproduced nonfinancial assets | FA105420095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Change in private inventories | FA105020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 25-28) | FA105000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA105000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Currency and deposits | FA104000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Currency and transferable deposits | FA103020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Time and savings deposits | FA103030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Other deposits | FA103091003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Debt securities | FA104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Open market paper | FA103069100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Treasury securities | FA103061103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Agency- and GSE-backed securities | FA103061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Municipal securities | FA103062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Corporate and foreign bonds (held by equity REITs) | FA123063003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Loans | FA104035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Short-term | FA104041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Long-term (mortgages) | FA103065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Equity and investment fund shares | FA103081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Corporate equities | FA103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Money market fund shares | FA103034000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Mutual fund shares | FA103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | U.S. direct investment abroad: equity | FA103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Equity in government-sponsored enterprises | FA103092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Insurance, pension and standardized guarantee schemes | FA103076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Other accounts receivable | FA103096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Trade receivables | FA103070005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | U.S. direct investment abroad: debt | FA103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | PPP subsidies receivable | FA103072005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Other investment in finance company subsidiaries | FA103094705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Tariff refund receivable | FA313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Other (miscellaneous assets) | FA103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Net incurrence of liabilities | FA104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Debt securities | FA104122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Open market paper | FA103169100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Municipal securities | FA103162000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Corporate bonds | FA103163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Loans | FA104135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Short-term | FA104141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Depository institution loans n.e.c. | FA103168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Other loans and advances | FA103169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Long-term (mortgages) | FA103165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Equity and investment fund shares | FA103181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Corporate equities | FA103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Foreign direct investment in the U.S.: equity | FA103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Insurance, pension and standardized guarantee schemes | FA103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Pension fund contributions payable | FA573074005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Claim of pension fund on sponsor | FA573073005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Other accounts payable | FA103196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Trade payables | FA103170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Taxes payable | FA103178005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Foreign direct investment in the U.S.: debt | FA103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Miscellaneous liabilities | FA103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 84 | Net lending (+) or borrowing (-), financial account (lines 35-63) | FA105000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 85 | Total other volume changes | FV108090105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Disaster losses | FV102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Other volume changes | FV108090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Less: Statistical discrepancy (lines 33-84) | FU107005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Less: Inventory valuation adjustment | FU105020601 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 90 | Nonfinancial assets | FR102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Real estate | FR105035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Equipment | FR105015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Intellectual property products | FR105013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Inventories | FR105020015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Financial assets | FR104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Debt securities | FR104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Corporate equities | FR103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Mutual fund shares | FR103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | U.S. direct investment abroad: equity | FR103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | U.S. direct investment abroad: debt | FR103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Other accounts receivable (miscellaneous assets) | FR103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Liabilities | FR104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Corporate equity | FR103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Foreign direct investment in the U.S.: equity | FR103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Insurance, pension and standardized guarantee schemes | FR103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Foreign direct investment in the U.S.: debt | FR103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Other accounts payable (miscellaneous liabilities) | FR103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Changes in net worth due to nominal holding gains/losses | FR102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 109 | Change in net worth (lines 28+33+85+108) | FC102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 110 | Total assets | FL102000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Nonfinancial assets | LM102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Real estate | LM105035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Equipment | LM105015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Intellectual property products | LM105013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Inventories | LM105020015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Financial assets | FL104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Currency and deposits | FL104000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Currency and transferable deposits | FL103020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Time and savings deposits | FL103030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Other deposits | FL103091003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Debt securities | LM104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Open market paper | FL103069100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Treasury securities | LM103061103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Agency- and GSE-backed securities | LM103061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Municipal securities | LM103062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Corporate and foreign bonds (held by equity REITs) | LM123063003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Loans | FL104035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Short-term | FL104041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Security repurchase agreements | FL102051003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Consumer credit | FL103066003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Long-term (mortgages) | FL103065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Equity and investment fund shares | FL103081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Corporate equities | LM103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Money market fund shares | FL103034000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Mutual fund shares | LM103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | U.S. direct investment abroad: equity | LM103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Equity in government-sponsored enterprises | FL103092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Insurance, pension and standardized guarantee schemes | FL103076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Other accounts receivable | FL103096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Trade receivables | FL103070005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | U.S. direct investment abroad: debt | FL103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | PPP subsidies receivable | FL103072005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Other investment in finance company subsidiaries | FL103094705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Tariff refund receivable | FL313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 145 | Other (miscellaneous assets) | FL103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 146 | Total liabilities and net worth | FL102100085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 147 | Liabilities | FL104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 148 | Debt securities | FL104122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 149 | Open market paper | FL103169100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 150 | Municipal securities | FL103162000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 151 | Corporate bonds | FL103163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 152 | Loans | FL104135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 153 | Short-term | FL104141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 154 | Depository institution loans n.e.c. | FL103168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 155 | Other loans and advances | FL103169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 156 | Long-term (mortgages) | FL103165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 157 | Equity and investment fund shares | FL103181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 158 | Corporate equity | LM103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 159 | Foreign direct investment in the U.S.: equity | FL103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 160 | Insurance, pension and standardized guarantee schemes | FL103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 161 | Pension fund contributions payable | FL573074005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 162 | Claim of pension fund on sponsor | FL573073005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 163 | Other accounts payable | FL103196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 164 | Trade payables | FL103170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 165 | Taxes payable | FL103178005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 166 | Foreign direct investment in the U.S.: debt | LM103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 167 | Miscellaneous liabilities | FL103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 168 | Net worth | FL102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
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.
- 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.
- 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.
- Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Financial Accounts of the United States.
- Excludes nonproduced nonfinancial assets.
Last Update: 2026-05-22