B.1 Derivation of U.S. Net Wealth
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2017 2018 2019 2020 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 Line
All sectors; U.S. wealth (1) FL892090005 95061.9 93509.5 105001.3 116209.6 95492.0 102968.7 107611.6 116209.6 121715.6 1
Households and nonprofit organizations; nonfinancial assets LM152010005 35938.6 37937.2 39962.9 43440.9 40677.2 41375.6 42302.9 43440.9 44598.5 2
Households and nonprofit organizations; real estate at market value LM155035005 30044.1 31792.9 33563.2 36589.3 34222.4 34896.6 35572.7 36589.3 37557.7 3
Nonprofit organizations; equipment, current cost basis LM165015205 417.5 438.6 457.0 467.9 461.6 462.8 465.7 467.9 473.9 4
Nonprofit organizations; nonresidential intellectual property products, current cost basis LM165013765 174.9 184.1 192.5 203.8 195.0 198.0 200.5 203.8 205.0 5
Households and nonprofit organizations; consumer durable goods, current cost basis LM155111005 5302.1 5521.7 5750.1 6179.9 5798.2 5818.2 6064.0 6179.9 6361.9 6
Nonfinancial noncorporate business; nonfinancial assets LM112010005 13224.4 13815.8 14633.9 15487.2 14722.6 14896.0 15112.4 15487.2 15709.9 7
Nonfinancial noncorporate business; real estate at market value LM115035005 11877.7 12416.4 13201.1 14039.8 13294.5 13470.0 13681.6 14039.8 14243.1 8
Nonfinancial noncorporate business; equipment, current cost basis LM115015205 827.8 863.5 884.2 911.1 893.0 896.8 905.3 911.1 922.0 9
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis LM115013765 259.1 273.9 289.9 289.9 290.6 292.2 289.9 289.9 287.6 10
Nonfinancial noncorporate business; inventories LM115020005 259.7 262.0 258.7 246.4 244.4 236.9 235.7 246.4 257.2 11
Security brokers and dealers; proprietors' equity in noncorporate business (2) LM662090003 68.7 78.2 83.5 90.3 84.8 88.5 87.1 90.3 93.8 12
All domestic sectors; corporate equities; liability (3) LM883164105 38801.7 35815.7 45165.8 54647.5 35679.2 43409.9 47482.7 54647.5 58965.4 13
Nonfinancial corporate business; corporate equities; liability LM103164103 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 14
Domestic financial sectors; corporate equities; liability LM793164105 10054.2 9272.1 11485.5 12434.1 8676.5 10018.8 10548.3 12434.1 13850.2 15
Federal government; nonfinancial assets (does not include land) (4) LM315015005 3406.5 3522.1 3604.2 3706.9 3624.4 3639.5 3669.6 3706.9 3756.8 16
Federal government; total residential and nonresidential structures LM315015605 1583.2 1638.1 1662.5 1693.6 1669.1 1665.2 1683.1 1693.6 1722.3 17
Federal government; nonresidential equipment, current cost basis LM315013265 762.8 790.2 811.6 828.7 815.6 819.9 818.3 828.7 837.0 18
Federal government; nonresidential intellectual property products, current cost basis LM315013765 1060.4 1093.8 1130.1 1184.6 1139.7 1154.4 1168.2 1184.6 1197.5 19
State and local governments; nonfinancial assets (does not include land) (4) LM212010095 10974.1 11606.1 12078.0 12397.4 12175.7 12153.5 12323.9 12397.4 12648.9 20
State and local governments; total residential and nonresidential structures LM215015605 10588.2 11201.9 11661.5 11967.0 11757.8 11730.5 11897.0 11967.0 12214.3 21
State and local governments; nonresidential equipment, current cost basis LM215013265 254.0 264.9 270.6 276.5 270.8 273.4 275.8 276.5 279.1 22
State and local governments; nonresidential intellectual property products, current cost basis LM215013765 131.9 139.3 145.9 153.8 147.1 149.6 151.1 153.8 155.5 23
All domestic sectors; U.S. financial claims on the rest of the world; asset FL882090265 -7352.0 -9265.7 -10527.0 -13560.6 -11471.9 -12594.3 -13367.0 -13560.6 -14057.5 24
Rest of the world; total liabilities and equity FL264194005 23061.6 20701.6 24244.6 26301.5 20772.1 22802.6 23689.7 26301.5 27078.2 25
Rest of the world; foreign corporate equities including foreign investment fund shares; liability LM263164100 9118.1 7899.6 9459.1 10560.1 7370.8 8552.7 9133.2 10560.1 11025.9 26
Rest of the world; total financial liabilities and foreign direct investment: equity FL264194035 13943.5 12802.1 14785.5 15741.4 13401.3 14249.9 14556.4 15741.4 16052.3 27
Rest of the world; total financial assets FL264090005 30413.7 29967.3 34771.5 39862.1 32244.0 35396.9 37056.7 39862.1 41135.7 28
Rest of the world; U.S. corporate equities; asset LM263064105 7019.4 6629.5 8199.0 10519.3 6723.9 8174.8 9063.3 10519.3 11189.2 29
Rest of the world; total financial assets excluding U.S. corporate equities and mutual fund shares FL264090035 23394.3 23337.8 26572.5 29342.8 25520.1 27222.0 27993.3 29342.8 29946.5 30
All sectors; U.S. wealth FL892090005 95061.9 93509.5 105001.3 116209.6 95492.0 102968.7 107611.6 116209.6 121715.6 31
All sectors; U.S. wealth FC892090005 9988.5 -1552.4 11491.9 11208.3 -9509.3 7476.6 4642.9 8597.9 5506.1 32
All sectors; U.S. wealth PC892090005 11.74 -1.63 12.29 10.67 -9.06 7.83 4.51 7.99 4.74 33
Households and nonprofit organizations; net worth (5) FL152090005 104553.5 105350.0 117878.2 131920.3 111355.2 119626.4 123856.6 131920.3 136917.1 34
Households and nonprofit organizations; net worth FC152090005 8754.0 796.6 12528.2 14042.0 -6523.1 8271.3 4230.2 8063.7 4996.8 35
Households and nonprofit organizations; net worth PC152090005 9.14 0.76 11.89 11.91 -5.53 7.43 3.54 6.51 3.79 36

NOTES

  1. U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, noncorporate business, and government sectors of the U.S. economy and the market value of domestic nonfinancial and financial corporations, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).
  2. Assumed to be equal to proprietors' equity in noncorporate brokers and dealers.
  3. This measure does not equal the net worth of the nonfinancial corporate business and financial business sectors reported in the Integrated Macroeconomic Accounts (tables S.2.a and S.2.q) because of differences in the valuation of assets.
  4. Excludes land and nonproduced nonfinancial assets.
  5. Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
Last Update: June 10, 2021