Financial Accounts of the United States - Z.1
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Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA856902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA856330085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA856902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA856025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA856020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA856401005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA856240105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA856402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA856140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA856402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (received) | FA856150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Interest | FA856130105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Distributed income of corporations (dividends) | FA856121105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA853092285 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Less: Uses of property income (paid) | FA856150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Interest | FA856130005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Distributed income of corporations | FA856120005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Dividends | FA856121005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Withdrawals from income of quasi-corporations | FA856122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Reinvested earnings on foreign direct investment | FA853192285 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Rents on land and natural resources | FA856112005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net national income/Balance of primary incomes, net | FA856140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA856220005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: Other current transfers (paid) | FA856403005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Equals: Disposable income, net | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Equals: Net saving | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 27 | Net saving less capital transfers | FA856006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Net saving | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Less: Capital transfers paid (net) | FA855440085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Capital formation, net | FA855015085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Gross fixed capital formation (nonresidential) | FA855013085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Less: Consumption of fixed capital | FA856330085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA855000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA855000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Currency and deposits | FA854000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Debt securities | FA854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Open market paper | FA853069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Treasury securities | FA853061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Agency- and GSE-backed securities | FA853061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Municipal securities | FA853062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Corporate and foreign bonds | FA853063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Loans | FA854035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Short-term | FA854041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Long-term (mortgages) | FA813065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity and investment fund shares | FA813081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Corporate equities | FA813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Money market fund shares | FA813034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Equity in government-sponsored enterprises | FA813092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | U.S. direct investment abroad: equity | FA803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Insurance, pension and standardized guarantee schemes | FA733040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Other accounts receivable | FA853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Net incurrence of liabilities | FA854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Currency and deposits | FA403197033 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Debt securities | FA814122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Agency- and GSE-backed securities | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Corporate bonds | FA813163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Commercial paper | FA813169105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Loans (short-term) | FA814141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Equity and investment fund shares | FA853181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Corporate equity issues | FA813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Equity in government-sponsored enterprises | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Foreign direct investment in the U.S.: equity | FA803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Equity investment by parent | FA803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Other accounts payable | FA813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 71 | Net lending (+) or borrowing (-), financial account (lines 35-54) | FA855000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 72 | Total other volume changes | FV858090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Disaster losses | FV812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Other volume changes | FV858090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Less: Statistical discrepancy (lines 33-71) | FU857005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 76 | Nonfinancial assets | FR812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Structures (nonresidential) | FR815013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Equipment | FR815013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Intellectual property products | FR815013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Financial assets | FR854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Debt securities | FR854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Corporate equities | FR813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | U.S. direct investment abroad: equity | FR803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Other accounts receivable | FR853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Liabilities | FR854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Corporate equity issues | FR813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Foreign direct investment in the U.S.: equity | FR803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Equity investment by parent | FR803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Other accounts payable | FR813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Changes in net worth due to nominal holding gains/losses | FR852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 93 | Change in net worth (lines 30+33+72+92) | FC852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 94 | Total assets | FL852000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Nonfinancial assets | LM812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Structures (nonresidential) | LM815013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Equipment | LM815013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Intellectual property products | LM815013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Financial assets | FL854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Currency and deposits | FL854000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Debt securities | FL854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Open market paper | FL853069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Treasury securities | FL853061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Agency- and GSE-backed securities | FL853061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Municipal securities | FL853062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Corporate and foreign bonds | FL853063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Loans | FL854035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Short-term | FL854041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Long-term (mortgages) | FL813065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Equity and investment fund shares | FL813081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Corporate equities | LM813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Money market fund shares | FL813034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Equity in government-sponsored enterprises | FL813092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | U.S. direct investment abroad: equity | FL803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Insurance, pension and standardized guarantee schemes | FL733040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Other accounts receivable | FL853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Total liabilities and net worth | FL852100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Liabilities | FL854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Currency and deposits | FL403197033 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Debt securities | FL814122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Agency- and GSE-backed securities | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Corporate bonds | FL813163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Commercial paper | FL813169105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Loans (short-term) | FL814141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Equity and investment fund shares | FL853181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Corporate equity issues | LM813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Equity in government-sponsored enterprises | FL403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Foreign direct investment in the U.S.: equity | FL803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Equity investment by parent | FL803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Other accounts payable | FL813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Net worth | FL852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes the following sectors as defined in the Financial Accounts of the United States: Money Market Funds; Mutual Funds; Closed-End Funds; Exchange-Traded Funds; Government-Sponsored Enterprises; Agency- and GSE-Backed Mortgage Pools; Issuers of Asset-Backed Securities; Finance Companies; Mortgage REITs; Security Brokers and Dealers; Holding Companies; Other Financial Business.
- 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 the 2004:Q4.
- 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.
- Excludes land. Includes corporate and noncorporate financial business.
Last Update: 2026-05-22