Financial Accounts of the United States - Z.1
F.230 Direct Investment
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2018 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | -128.3 | 58.0 | 264.8 | 433.6 | 365.8 | 566.7 | 219.8 | 582.2 | 424.6 | 1 |
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | FA263192101 | -218.6 | 156.7 | 330.9 | 460.5 | 352.0 | 521.3 | 347.5 | 621.2 | 444.9 | 2 |
| Rest of the world; U.S. direct investment abroad: equity other than reinvested earnings; liability | FA263192113 | 75.3 | 17.7 | 134.8 | 80.6 | 56.1 | 134.4 | 7.5 | 124.3 | 206.8 | 3 |
| Rest of the world; U.S. direct investment abroad: reinvested earnings; liability (current cost) | FA263192125 | -293.9 | 139.0 | 196.1 | 379.9 | 295.9 | 386.9 | 340.0 | 496.9 | 238.1 | 4 |
| Rest of the world; U.S. direct investment abroad: current-cost adjustment on reinvested earnings; liability | FA263192193 | 29.1 | 29.4 | 29.9 | 30.5 | 30.3 | 30.5 | 30.6 | 30.6 | 30.9 | 5 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | -209.9 | 105.1 | 282.2 | 394.0 | 285.1 | 472.4 | 284.0 | 534.6 | 359.7 | 6 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | FA763092100 | -2.6 | 11.0 | 4.8 | 6.6 | -2.4 | 19.0 | -5.4 | 15.3 | 16.9 | 7 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | FA513092103 | 7.2 | 5.8 | 18.4 | 15.2 | 21.8 | 4.2 | 20.8 | 14.0 | 15.8 | 8 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | -12.3 | -1.6 | -0.7 | -0.2 | -0.7 | -2.9 | 3.8 | -0.9 | -3.2 | 9 |
| Finance companies; U.S. direct investment abroad: equity (market value) | FA613092103 | 3.4 | 14.7 | 13.1 | 26.6 | 65.7 | 4.3 | 21.6 | 14.9 | 20.5 | 10 |
| Security brokers and dealers; U.S. direct investment abroad: equity (market value) | FA663092103 | -4.5 | 21.7 | 13.1 | 18.2 | -17.5 | 24.4 | 22.8 | 43.3 | 35.1 | 11 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability | FA263192305 | 90.3 | -98.7 | -66.1 | -26.9 | 13.8 | 45.4 | -127.8 | -39.0 | -20.2 | 12 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | FA263192313 | 73.0 | -41.9 | -54.5 | 34.3 | -9.5 | 154.9 | 47.5 | -55.8 | 46.0 | 13 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | FA263092313 | -17.3 | 56.9 | 11.6 | 61.2 | -23.3 | 109.5 | 175.3 | -16.8 | 66.2 | 14 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | 76.0 | -85.1 | -55.8 | -22.6 | 11.0 | 37.9 | -108.3 | -31.1 | -20.7 | 15 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | FA763092305 | 3.7 | -3.8 | -2.7 | -1.1 | 0.5 | 1.4 | -3.3 | -2.9 | 1.2 | 16 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | FA513092305 | 2.3 | -1.8 | -1.6 | -0.7 | 0.5 | 1.3 | -3.4 | -1.1 | 0.2 | 17 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | 0.7 | -0.8 | -0.8 | -0.3 | 0.1 | 0.5 | -1.4 | -0.5 | -0.1 | 18 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | FA613092305 | 4.6 | -4.2 | -2.9 | -1.1 | 1.2 | 2.2 | -6.1 | -1.8 | -0.3 | 19 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | FA663092305 | 3.0 | -3.0 | -2.4 | -1.1 | 0.4 | 2.1 | -5.4 | -1.7 | -0.5 | 20 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) (1) | FA263092001 | 216.0 | 238.0 | 164.4 | 381.9 | 300.0 | 227.8 | 500.8 | 499.2 | 406.1 | 21 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FA103192105 | 235.5 | 216.1 | 179.9 | 364.3 | 313.4 | 338.6 | 376.6 | 428.8 | 203.9 | 22 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | FA115114103 | 5.0 | -0.7 | 1.4 | 1.3 | -0.4 | 7.5 | -3.1 | 0.9 | 3.9 | 23 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | FA753192103 | 12.8 | 3.0 | 7.6 | 2.8 | -0.8 | -27.9 | 16.9 | 23.1 | 12.7 | 24 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | FA513192103 | 9.4 | 7.5 | -4.3 | 7.6 | -2.3 | 9.6 | 14.0 | 9.2 | 19.6 | 25 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 9.7 | -5.1 | 3.5 | 2.2 | -12.7 | 12.0 | 5.1 | 4.6 | 9.6 | 26 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | FA613192103 | 10.2 | 14.8 | 8.2 | 9.5 | 10.2 | 12.7 | 7.4 | 7.8 | 7.1 | 27 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192103 | -15.6 | 49.3 | 23.6 | 48.9 | 8.3 | 65.7 | 57.6 | 64.3 | 35.3 | 28 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | FA733192103 | 51.6 | -22.5 | -21.7 | -44.0 | -22.8 | -62.6 | 4.4 | -94.8 | -8.3 | 29 |
| Other financial business; foreign direct investment in U.S.: equity; liability (market value) | FA503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30 |
| Rest of the world; foreign direct investment in U.S.: equity; asset (market value) (1) | FA263092101 | 318.5 | 262.5 | 198.3 | 392.8 | 292.8 | 355.6 | 478.9 | 443.8 | 283.8 | 31 |
| Rest of the world; foreign direct investment in U.S.: equity other than reinvested earnings; asset | FA263092113 | 200.1 | 137.8 | 115.8 | 178.0 | 123.0 | 144.4 | 246.3 | 198.5 | 64.3 | 32 |
| Rest of the world; foreign direct investment in U.S.: reinvested earnings; asset (current cost) | FA263092125 | 118.4 | 124.7 | 82.5 | 214.8 | 169.8 | 211.3 | 232.6 | 245.3 | 219.5 | 33 |
| Rest of the world; foreign direct investment in U.S.: current-cost adjustment on reinvested earnings; asset | FA263092193 | 12.8 | 12.9 | 13.6 | 14.6 | 14.3 | 14.5 | 14.7 | 14.8 | 15.2 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -72.9 | -5.3 | -41.7 | -15.0 | -14.4 | -120.5 | 52.5 | 22.5 | 113.4 | 35 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: interncompany debt; liability (market value) | FA115114305 | 4.7 | -0.1 | -0.5 | -0.1 | -0.1 | -0.9 | -0.5 | 1.1 | 1.4 | 36 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA753192305 | -4.3 | -2.2 | -1.6 | -3.9 | -0.4 | -9.0 | 0.8 | -7.0 | 1.8 | 37 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA513192305 | -3.0 | -0.4 | -0.8 | -0.3 | -0.4 | -2.1 | 0.9 | 0.6 | -1.3 | 38 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -4.2 | 0.4 | 0.8 | -0.9 | -1.6 | -2.1 | 0.0 | -0.1 | -0.8 | 39 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA613192305 | -0.4 | 0.3 | -0.1 | 0.2 | 1.0 | -1.2 | 0.4 | 0.5 | -1.4 | 40 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192305 | -4.8 | 3.4 | 1.3 | 1.9 | 0.5 | 0.0 | 2.8 | 4.1 | 5.4 | 41 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA733192305 | -17.7 | -20.6 | 8.8 | 7.3 | 22.6 | 8.0 | -35.0 | 33.6 | 3.7 | 42 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 43 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | FA263092303 | -102.5 | -24.5 | -33.9 | -10.8 | 7.2 | -127.8 | 21.9 | 55.4 | 122.3 | 44 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | FA263092323 | -86.9 | -17.1 | 1.4 | -4.3 | 16.8 | -114.9 | 27.0 | 54.0 | 124.4 | 45 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | FA263192323 | 15.6 | 7.4 | 35.3 | 6.5 | 9.6 | 12.9 | 5.0 | -1.4 | 2.2 | 46 |
NOTES
- Direct investment is presented on a directional basis and reported at market value.
- Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
Last Update: June 9, 2022