Financial Accounts of the United States - Z.1
S11.2.r Nonfinancial noncorporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Change in net worth(1) | FC112090005 | -127.3 | 222.0 | 263.1 | -49.6 | 46.1 | 310.7 | -44.1 | 255.4 | 156.5 |
| Line 2 | Net investment | FU112090005 | 278.5 | 82.1 | 46.9 | -29.3 | 43.2 | 30.5 | 2.5 | -9.2 | 30.7 |
| Line 3 | Nonfinancial investment | FU112010005 | 140.9 | 133.3 | 105.2 | -26.9 | 53.9 | 44.6 | 33.6 | -42.8 | 53.0 |
| Line 4 | Residential real estate | FU115035023 | 44.6 | 42.4 | 27.1 | -20.0 | 26.3 | 23.2 | -2.4 | -24.2 | 24.3 |
| Line 5 | Nonresidential real estate | FU115035035 | 82.3 | 77.6 | 57.2 | 4.9 | 17.0 | 19.8 | 15.4 | 2.1 | 14.2 |
| Line 6 | Residential equipment | FU115012265 | 4.5 | 4.6 | 3.9 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 | 1.0 |
| Line 7 | Nonresidential equipment | FU115013265 | -28.4 | -24.9 | -25.4 | -29.2 | 1.9 | -7.3 | 9.2 | -31.6 | 4.2 |
| Line 8 | Intellectual property products | FU115013765 | 28.0 | 25.0 | 34.2 | 7.6 | 8.0 | 8.6 | 10.0 | 10.3 | 11.7 |
| Line 9 | Inventories | FU115020005 | 9.8 | 8.6 | 8.2 | 8.8 | -0.3 | -0.8 | 0.5 | -0.4 | -2.3 |
| Line 10 | Net acquisition of financial assets | FU114090005 | 631.3 | 461.4 | 682.4 | 133.1 | 173.0 | 160.9 | 215.4 | 292.0 | 138.4 |
| Line 11 | Less: Net increase in liabilities | FU114190005 | 493.7 | 512.6 | 740.7 | 135.5 | 183.6 | 175.0 | 246.5 | 258.4 | 160.7 |
| Line 12 | Net holding gains | FR112090005 | -420.2 | 146.0 | 230.0 | -20.4 | 2.8 | 280.1 | -32.6 | 264.5 | 125.7 |
| Line 13 | Nonfinancial assets | FR112010005 | -422.3 | 147.0 | 226.8 | -22.4 | 2.6 | 279.2 | -32.6 | 265.1 | 126.0 |
| Line 14 | Residential real estate | FR115035023 | -345.3 | 74.3 | 67.3 | 30.5 | 57.7 | -31.1 | 10.2 | 25.9 | 141.2 |
| Line 15 | Nonresidential real estate | FR115035035 | -146.1 | -8.3 | 114.7 | -79.2 | -50.8 | 253.4 | -8.8 | 158.4 | 3.5 |
| Line 16 | Residential equipment(2) | FR115012265 | -6.7 | -3.7 | 1.2 | -2.0 | 2.8 | 0.4 | 0.1 | -0.7 | -0.7 |
| Line 17 | Nonresidential equipment(2) | FR115013265 | 70.2 | 61.4 | 25.9 | 21.1 | -1.9 | 14.2 | -7.5 | 37.4 | 6.9 |
| Line 18 | Intellectual property products(2) | FR115013765 | 8.6 | 10.4 | -8.8 | -4.2 | -4.2 | -0.7 | 0.3 | -1.0 | -0.7 |
| Line 19 | Inventories(2) | FR115020005 | -3.0 | 12.7 | 26.6 | 11.3 | -0.9 | 43.0 | -26.9 | 45.0 | -24.3 |
| Line 20 | Financial assets (debt securities) | FR114022005 | 2.0 | -0.9 | 3.1 | 2.0 | 0.1 | 0.9 | 0.0 | -0.6 | -0.3 |
| Line 21 | Less: liabilities(3) | FR115114305 | -0.1 | 0.1 | -0.0 | 0.0 | -0.1 | 0.0 | 0.0 | 0.1 | 0.0 |
| Line 22 | Other volume changes(4) | FV112090005 | 14.3 | -6.1 | -13.8 | 0.1 | 0.1 | 0.1 | -14.0 | 0.1 | 0.1 |
| Memo: | |||||||||||
| Line 23 | Net worth outstanding (assets minus liabilities)(5) | LM112090005 | 15793.3 | 16015.4 | 16278.5 | 15965.7 | 16011.9 | 16322.5 | 16278.5 | 16533.9 | 16690.4 |
Notes:
- Sum of net investment, net holding gains, and other volume changes.
- 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), net worth outstanding (assets minus liabilities).
Last Update: September 11, 2026