Financial Accounts of the United States - Z.1
R.104 Nonfinancial noncorporate business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Change in net worth1 | FC112090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Net investment | FU112090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Nonfinancial investment | FU112010005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Residential real estate | FU115035023 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Nonresidential real estate | FU115035035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Residential equipment | FU115012265 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Nonresidential equipment | FU115013265 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Intellectual property products | FU115013765 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Inventories | FU115020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Net acquisition of financial assets | FU114090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Less: Net increase in liabilities | FU114190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Net holding gains | FR112090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Nonfinancial assets | FR112010005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Residential real estate | FR115035023 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Nonresidential real estate | FR115035035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Residential equipment2 | FR115012265 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Nonresidential equipment2 | FR115013265 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Intellectual property products2 | FR115013765 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Inventories2 | FR115020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Financial assets (debt securities) | FR114022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Less: liabilities3 | FR115114305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Other volume changes4 | FV112090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 23 | Net worth outstanding (assets minus liabilities)5 | LM112090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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.
- Table B.104, line 40.
Last Update: March 9, 2026