Financial Accounts of the United States - Z.1
F.4 Saving and Investment by Sector (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; gross saving excluding consumer durables (NIPA) | FA886000115 | 3755.4 | 3927.0 | 3988.4 | 4003.9 | 3971.2 | 3934.9 | 4043.6 | 4150.8 | 3346.4 | 1 |
| All sectors; net saving including net capital transfers paid (sum of pieces) | FA896006005 | 642.5 | 661.9 | 567.5 | 642.3 | 566.8 | 491.6 | 569.1 | 641.8 | -188.8 | 2 |
| Private domestic sectors; net saving including net capital transfers paid | FA836006005 | 1603.8 | 1807.3 | 1822.2 | 1871.8 | 1775.0 | 1795.5 | 1846.4 | 1995.3 | 4953.8 | 3 |
| Domestic business; net saving including net capital transfers paid | FA826006005 | 532.8 | 570.0 | 591.0 | 517.3 | 588.9 | 615.0 | 642.7 | 400.0 | 198.0 | 4 |
| Nonfinancial corporate business; disposable income, net; net saving (IMA) | FA106012005 | 495.4 | 506.5 | 468.0 | 444.9 | 469.6 | 475.6 | 482.1 | 425.5 | 379.1 | 5 |
| Domestic financial sectors; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) | FA796012005 | 37.4 | 63.4 | 122.9 | 72.4 | 119.3 | 139.4 | 160.6 | -25.5 | -181.0 | 6 |
| Households and nonprofit organizations; net saving including net capital transfers paid excluding consumer durables and government insurance and pension fund reserves | FA156006005 | 1071.0 | 1237.3 | 1231.2 | 1354.5 | 1186.1 | 1180.6 | 1203.8 | 1595.3 | 4755.8 | 7 |
| General government; net saving including net capital transfers paid | FA366006005 | -961.3 | -1145.4 | -1254.7 | -1229.5 | -1208.2 | -1303.9 | -1277.3 | -1353.5 | -5142.6 | 8 |
| Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (NIPA) | FA316006005 | -722.4 | -931.7 | -1047.0 | -1016.0 | -1033.0 | -1084.1 | -1054.9 | -1150.8 | -5659.1 | 9 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -238.8 | -213.7 | -207.7 | -213.5 | -175.2 | -219.8 | -222.4 | -202.7 | 516.5 | 10 |
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 3112.9 | 3265.0 | 3420.9 | 3361.6 | 3404.4 | 3443.3 | 3474.4 | 3509.0 | 3535.2 | 11 |
| Private domestic sectors; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA836300005 | 2569.7 | 2699.0 | 2832.7 | 2781.3 | 2818.6 | 2851.9 | 2878.9 | 2908.7 | 2931.0 | 12 |
| Domestic business; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA826300003 | 2031.8 | 2125.0 | 2233.6 | 2191.9 | 2223.7 | 2248.9 | 2269.9 | 2294.7 | 2311.8 | 13 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (NIPA basis) | FA106300003 | 1489.3 | 1557.1 | 1639.2 | 1607.8 | 1632.1 | 1650.4 | 1666.6 | 1684.8 | 1697.3 | 14 |
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA116300001 | 321.8 | 336.3 | 349.8 | 345.2 | 348.6 | 351.5 | 353.8 | 357.1 | 359.5 | 15 |
| Domestic financial sectors; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial and excluding REIT residential structures, current cost basis (IMA) | FA796300081 | 220.7 | 231.5 | 244.6 | 239.0 | 243.1 | 247.0 | 249.5 | 252.8 | 255.0 | 16 |
| Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA156300003 | 537.8 | 574.0 | 599.0 | 589.4 | 594.9 | 603.0 | 608.9 | 614.1 | 619.3 | 17 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 543.2 | 566.1 | 588.3 | 580.3 | 585.8 | 591.4 | 595.6 | 600.3 | 604.2 | 18 |
| Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA316300001 | 277.0 | 285.8 | 294.8 | 292.1 | 293.1 | 295.8 | 298.3 | 300.5 | 303.6 | 19 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 266.2 | 280.3 | 293.5 | 288.2 | 292.7 | 295.6 | 297.3 | 299.7 | 300.6 | 20 |
| All domestic sectors; gross domestic investment, capital account transactions, and net lending (NIPA) | FA885090015 | 3623.9 | 3869.0 | 4001.2 | 3971.4 | 3953.8 | 4009.9 | 4069.8 | 4040.6 | 3346.6 | 21 |
| All domestic sectors; gross fixed investment and inventories | FA885019905 | 4015.5 | 4336.8 | 4504.0 | 4503.5 | 4489.6 | 4517.7 | 4505.4 | 4464.0 | 3924.5 | 22 |
| Private domestic sectors; gross fixed investment and inventories | FA835019905 | 3351.1 | 3632.9 | 3751.2 | 3772.8 | 3739.7 | 3759.8 | 3732.6 | 3675.9 | 3134.2 | 23 |
| Domestic business; gross fixed investment and inventories | FA825019905 | 2529.3 | 2766.1 | 2873.2 | 2902.7 | 2872.4 | 2879.2 | 2838.5 | 2749.5 | 2307.0 | 24 |
| Nonfinancial corporate business; gross fixed investment with and inventories (IMA) | FA105019985 | 1881.4 | 2073.8 | 2155.2 | 2188.2 | 2157.6 | 2157.3 | 2117.6 | 2043.2 | 1711.7 | 25 |
| Nonfinancial noncorporate business; total capital expenditures (IMA) | FA115050085 | 392.3 | 419.7 | 430.0 | 429.6 | 427.7 | 432.1 | 430.5 | 426.5 | 354.1 | 26 |
| Domestic financial sectors; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA795013005 | 255.6 | 272.6 | 288.0 | 284.9 | 287.1 | 289.8 | 290.4 | 279.8 | 241.2 | 27 |
| Households and nonprofit organizations; gross fixed investment excluding consumer durables | FA155019005 | 821.8 | 866.8 | 878.0 | 870.1 | 867.3 | 880.6 | 894.1 | 926.3 | 827.2 | 28 |
| General government; gross fixed investment | FA365019005 | 664.3 | 703.9 | 752.8 | 730.7 | 749.9 | 757.9 | 772.8 | 788.1 | 790.3 | 29 |
| Federal government; gross fixed investment (NIPA basis) | FA315019001 | 278.7 | 295.9 | 321.9 | 312.8 | 315.7 | 324.7 | 334.3 | 334.6 | 341.7 | 30 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 385.6 | 407.9 | 431.0 | 417.9 | 434.2 | 433.2 | 438.5 | 453.6 | 448.6 | 31 |
| Rest of the world; capital account transactions (net) (2) | FA265430003 | 16.0 | 4.6 | 6.7 | 10.6 | 3.8 | 3.8 | 8.5 | 12.3 | 4.3 | 32 |
| Private domestic sectors; capital account transactions (net) | FA835430005 | 257.9 | 1.9 | 0.3 | 6.2 | -0.7 | -1.5 | -3.0 | -3.1 | -4.8 | 33 |
| Domestic business; capital account transactions (net) | FA825430005 | 285.0 | 5.5 | -1.5 | 2.2 | -2.4 | -2.7 | -3.3 | -4.0 | 52.5 | 34 |
| Nonfinancial corporate business; capital account transactions (net) | FA105430005 | 191.6 | -8.3 | -1.5 | 2.2 | -2.4 | -2.7 | -3.3 | -4.0 | 52.5 | 35 |
| Nonfinancial noncorporate business; net capital transfers paid | FA115440005 | -9.4 | -3.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 36 |
| Domestic financial sectors; net capital transfers paid | FA795440005 | 102.7 | 16.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 37 |
| Households and nonprofit organizations; capital account transactions (net) | FA155430005 | -27.0 | -3.7 | 1.8 | 4.0 | 1.7 | 1.2 | 0.3 | 0.9 | -57.4 | 38 |
| General government; capital account transactions (net) | FA365430005 | -241.9 | 2.7 | 6.4 | 4.4 | 4.5 | 5.3 | 11.5 | 15.5 | 9.1 | 39 |
| Federal government; capital account transactions (net) | FA315430005 | -184.2 | 58.7 | 63.4 | 61.0 | 60.0 | 62.8 | 69.6 | 75.1 | 67.2 | 40 |
| State and local governments; capital account transactions (net) | FA215430005 | -57.8 | -56.0 | -56.9 | -56.6 | -55.5 | -57.5 | -58.1 | -59.7 | -58.2 | 41 |
| All domestic sectors; net lending (+) or borrowing (-) (capital account) (3) | FA885000905 | -407.5 | -472.4 | -509.5 | -542.7 | -539.6 | -511.5 | -444.2 | -435.7 | -582.2 | 42 |
| Private domestic sectors; net lending (+) or borrowing (-) (capital account) | FA835000905 | 432.9 | 813.5 | 916.2 | 841.6 | 837.3 | 964.1 | 1021.9 | 1121.1 | 4755.6 | 43 |
| Domestic business; net lending (+) or borrowing (-) (capital account) | FA825000905 | -381.1 | -134.7 | -34.2 | -228.2 | -74.7 | 62.4 | 103.6 | -161.1 | 150.4 | 44 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (capital account), excludes statistical discrepancy (3) | FA105000995 | -219.7 | -59.8 | -33.5 | -170.3 | -70.9 | 46.4 | 60.7 | -39.1 | 312.2 | 45 |
| Nonfinancial noncorporate business; net lending (+) or borrowing (-) (capital account) | FA115000905 | -61.1 | -80.4 | -80.2 | -84.5 | -79.2 | -80.5 | -76.7 | -69.5 | 5.4 | 46 |
| Domestic financial sectors; net lending (+) or borrowing (-) (capital account) | FA795000905 | -100.2 | 5.5 | 79.5 | 26.6 | 75.4 | 96.6 | 119.6 | -52.5 | -167.2 | 47 |
| Households and nonprofit organizations; net lending (+) or borrowing (-) (capital account) | FA155000905 | 814.0 | 948.2 | 950.5 | 1069.8 | 912.0 | 901.7 | 918.3 | 1282.2 | 4605.2 | 48 |
| General government; net lending (+) or borrowing (-) (capital account) | FA365000905 | -840.4 | -1285.9 | -1425.7 | -1384.3 | -1376.9 | -1475.6 | -1466.1 | -1556.8 | -5337.8 | 49 |
| Federal government; net lending (+) or borrowing (-) (capital account) | FA315000905 | -540.0 | -1000.6 | -1137.4 | -1097.6 | -1115.6 | -1175.8 | -1160.5 | -1260.0 | -5764.4 | 50 |
| State and local governments; net lending (+) or borrowing (-) (capital account) | FA215000905 | -300.5 | -285.3 | -288.3 | -286.6 | -261.2 | -299.9 | -305.6 | -296.9 | 426.7 | 51 |
| Gross domestic product (GDP); statistical discrepancy (calculated from components) | FA087005005 | -131.4 | -58.0 | 12.8 | -32.5 | -17.4 | 75.0 | 26.2 | -110.2 | 0.1 | 52 |
| All sectors; disaster losses | FA895404005 | 104.1 | 51.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 53 |
| Private domestic sectors; disaster losses | FA835404005 | 102.0 | 51.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 54 |
| Domestic business; disaster losses | FA825404003 | 46.8 | 21.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 55 |
| Households and nonprofit organizations; disaster losses on residential structures | FA155404003 | 55.2 | 29.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 56 |
| General government; disaster losses | FA365404005 | 2.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 57 |
| Federal government; disaster losses | FA315404003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 58 |
| State and local governments; disaster losses | FA215404003 | 2.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 59 |
NOTES
- This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.
- Consists of net capital transfers shown on table F.5 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.2.
- Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
Last Update: September 21, 2020