B.1 Derivation of U.S. Net Wealth
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2018 2019 2020 2021 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 Line
All sectors; U.S. wealth (1) FL892090005 94328.7 104946.2 115950.3 136453.1 121984.0 127796.4 130156.7 136453.1 137407.5 1
Households and nonprofit organizations; nonfinancial assets LM152010005 37893.0 39900.5 43523.1 50454.5 44945.0 46880.1 48651.3 50454.5 52408.6 2
Households and nonprofit organizations; real estate at market value LM155035005 31755.0 33516.6 36750.3 42429.4 37975.4 39483.2 40955.1 42429.4 44117.1 3
Nonprofit organizations; equipment, current cost basis LM165015205 438.5 459.3 485.6 525.7 495.5 498.6 510.7 525.7 542.4 4
Nonprofit organizations; nonresidential intellectual property products, current cost basis LM165013765 186.8 194.2 206.1 213.7 207.1 209.4 211.4 213.7 216.4 5
Households and nonprofit organizations; consumer durable goods, current cost basis LM155111005 5512.7 5730.5 6081.0 7285.7 6267.1 6688.9 6974.2 7285.7 7532.7 6
Nonfinancial noncorporate business; nonfinancial assets LM112010005 13755.0 14561.5 15588.5 18075.9 15921.3 16586.9 17415.8 18075.9 18491.9 7
Nonfinancial noncorporate business; real estate at market value LM115035005 12352.9 13122.5 14117.3 16438.4 14405.2 15040.9 15828.8 16438.4 16795.4 8
Nonfinancial noncorporate business; equipment, current cost basis LM115015205 863.9 885.9 909.9 1047.8 942.7 964.6 1003.9 1047.8 1096.4 9
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis LM115013765 277.1 295.0 316.6 319.3 316.8 317.9 318.5 319.3 320.6 10
Nonfinancial noncorporate business; inventories LM115020005 261.1 258.2 244.7 270.4 256.7 263.5 264.6 270.4 279.5 11
Security brokers and dealers; proprietors' equity in noncorporate business (2) LM662090003 78.2 83.5 90.3 106.1 93.8 98.0 99.6 106.1 94.9 12
All domestic sectors; market value estimate of nonfinancial assets LM882010405 36822.9 45574.8 54079.3 67350.1 58305.2 62634.6 62413.3 67350.1 64578.0 13
Nonfinancial corporate business; market value estimate of nonfinancial assets (3) LM102010405 33616.1 41671.1 50913.1 61388.6 53638.1 57407.3 57109.1 61388.6 57765.3 14
Domestic financial sectors; market value estimate of nonfinancial assets (3) LM792010405 3206.7 3903.8 3166.2 5961.5 4667.1 5227.3 5304.2 5961.5 6812.8 15
Federal government; nonfinancial assets (does not include land) (4) LM315015005 3521.3 3603.7 3734.0 4024.6 3784.9 3860.9 3933.3 4024.6 4133.5 16
Federal government; total residential and nonresidential structures LM315015605 1642.8 1674.0 1706.8 1875.5 1736.7 1784.6 1824.5 1875.5 1937.3 17
Federal government; nonresidential equipment, current cost basis LM315013265 787.6 812.7 851.3 908.1 860.0 874.0 888.2 908.1 931.2 18
Federal government; nonresidential intellectual property products, current cost basis LM315013765 1090.9 1117.1 1175.9 1241.0 1188.2 1202.2 1220.7 1241.0 1265.0 19
State and local governments; nonfinancial assets (does not include land) (4) LM212010095 11569.6 12005.7 12412.8 13834.2 12669.1 13023.2 13345.8 13834.2 14335.9 20
State and local governments; total residential and nonresidential structures LM215015605 11164.9 11591.1 11980.6 13370.8 12232.1 12578.9 12891.1 13370.8 13862.6 21
State and local governments; nonresidential equipment, current cost basis LM215013265 262.6 267.1 275.0 293.8 277.7 282.2 289.0 293.8 300.7 22
State and local governments; nonresidential intellectual property products, current cost basis LM215013765 142.1 147.5 157.2 169.5 159.3 162.2 165.7 169.5 172.6 23
All domestic sectors; U.S. financial claims on the rest of the world; asset FL882090265 -9311.3 -10783.6 -13477.7 -17392.3 -13735.2 -15287.2 -15702.4 -17392.3 -16635.4 24
Rest of the world; total liabilities and equity FL264194005 20829.7 24297.8 26543.6 30126.0 27494.1 28949.5 29234.7 30126.0 28995.0 25
Rest of the world; foreign corporate equities including foreign investment fund shares; liability LM263164100 7899.6 9478.0 10535.9 11990.9 11043.2 11793.4 11773.7 11990.9 11391.8 26
Rest of the world; total financial liabilities and foreign direct investment: equity FL264194035 12930.2 14819.8 16007.7 18135.0 16450.8 17156.1 17461.0 18135.0 17603.2 27
Rest of the world; total financial assets FL264090005 30141.1 35081.4 40021.2 47518.3 41229.3 44236.7 44937.1 47518.3 45630.4 28
Rest of the world; U.S. corporate equities; asset LM263064105 6629.5 8199.2 10449.2 13318.0 11167.6 12212.4 12429.1 13318.0 12467.7 29
Rest of the world; total financial assets excluding U.S. corporate equities and mutual fund shares FL264090035 23511.5 26882.2 29572.0 34200.3 30061.7 32024.3 32508.0 34200.3 33162.7 30
All sectors; U.S. wealth FL892090005 94328.7 104946.2 115950.3 136453.1 121984.0 127796.4 130156.7 136453.1 137407.5 31
All sectors; U.S. wealth FC892090005 -1426.5 10617.5 11004.2 20502.7 6033.7 5812.4 2360.3 6296.3 954.4 32
All sectors; U.S. wealth PC892090005 -1.49 11.26 10.49 17.68 5.20 4.76 1.85 4.84 0.70 33
Households and nonprofit organizations; net worth (5) FL152090005 104030.9 116705.3 131707.4 149823.0 136573.4 142086.9 144963.9 149823.0 149279.1 34
Households and nonprofit organizations; net worth FC152090005 675.2 12674.5 15002.1 18115.6 4865.9 5513.5 2877.0 4859.1 -543.9 35
Households and nonprofit organizations; net worth PC152090005 0.65 12.18 12.85 13.75 3.69 4.04 2.02 3.35 -0.36 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. Estimated as the market value of corporate equity, plus foreign direct investment (equity), plus total liabilities, less total financial 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 9, 2022