F.4.c Consumption of Fixed Capital
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 Line
All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) FA886300095 3873.3 4299.9 4140.9 4260.2 4368.2 4430.3 4507.4 4557 4612.3 1
All domestic sectors; consumption of fixed capital, structures FA886300065 1378.8 1578.1 1517 1562.9 1604.1 1628.3 1656.9 1674.4 1694 2
All domestic sectors; consumption of fixed capital, equipment FA886300025 1231.1 1339.3 1290.6 1327.1 1360.4 1379.3 1403.2 1419.1 1436.7 3
All domestic sectors; consumption of fixed capital, nonresidential intellectual property products FA886330075 1262.8 1382.4 1333.3 1370.2 1403.5 1422.6 1447.2 1463.4 1481.5 4
All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis FA886330035 520.1 575.8 554.7 570.5 584.9 593.1 603.4 610.2 617.7 5
All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis FA886330045 655.7 712.9 688.4 706.9 723.4 733 745.5 753.8 763.2 6
Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis FA836330053 87 93.7 90.2 92.8 95.2 96.6 98.3 99.4 100.7 7
General government; consumption of fixed capital, structures, equipment, and intellectual property products (residual difference between NIPA and fixed asset accounts) (1) FA366300095 0.6 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 8
All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) FA886300095 3873.3 4299.9 4140.9 4260.2 4368.2 4430.3 4507.4 4557 4612.3 9
Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA156300003 722 821 790.2 815.1 835.7 843.1 843.1 848.3 862.4 10
Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (adjusted NIPA basis) FA106300075 1818.3 2004.7 1929.2 1983.1 2036 2070.3 2121.6 2153.1 2177.8 11
Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis FA116300001 398.4 445.2 429.3 441.9 452 457.8 463 467 472.4 12
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 326 350.8 341.1 348.7 354.4 359 364.3 368 372.5 13
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) FA216300001 333 371.5 356.8 368.7 377.4 383.1 389.7 391.7 394.4 14
Domestic financial sectors; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (2) FA796330005 275.7 306.6 294.1 302.6 312.7 317.1 325.6 328.9 332.8 15
Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA716330005 1 1.1 1 1.1 1.1 1.1 1.2 1.2 1.2 16
Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA706330005 68.3 76.3 72.9 74.9 78.3 79.2 81.6 82.4 83.3 17
U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA766330005 52.5 58 55.3 56.8 59.6 60.3 62.2 62.8 63.5 18
Foreign banking offices in the U.S.; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA756330005 7.6 8.9 8.5 8.8 9 9.2 9.4 9.5 9.6 19
Banks in U.S.-affiliated areas; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA746330005 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 20
Credit unions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA476330005 8 9.3 8.9 9.1 9.4 9.6 9.8 9.9 10 21
Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products FA516330005 30.6 34.6 33.2 34.2 35.2 35.7 36.6 37 37.4 22
Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA546330005 25.3 29 27.9 28.7 29.6 30 30.8 31.1 31.5 23
Private pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA576330005 0.5 1.1 1 1.1 1.1 1.1 1.1 1.2 1.2 24
State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA226330005 0.7 1.3 1.2 1.2 1.3 1.3 1.3 1.3 1.4 25
Government-sponsored enterprises; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA406330005 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 26
Issuers of asset-backed securities; consumption of fixed capital; nonresidential equipment, current cost basis FA676330023 0 0 0 0 0 0 0 0 0 27
Finance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis FA616330005 74.6 78.5 75.4 77.6 79.9 81.1 83.2 84.1 85 28
Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA666330005 36.9 43.2 41.5 42.7 44 44.6 45.8 46.2 46.8 29
Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis FA736330005 37.4 40.9 39.3 40.5 41.6 42.2 43.4 43.8 44.3 30
Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) FA156300103 1365.8 1559.4 1493.8 1550.7 1579.4 1613.5 1618.6 1637.6 1659.5 31

NOTES

  1. Calculated as the difference between consumption of fixed capital in BEA's NIPA and consumption of fixed capital in BEA's fixed assets accounts (FAA); the latter are used to estimate.
  2. Domestic financial subsector detail are based on FRB staff estimates.
  3. Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector capital expenditures.
Last Update: December 7, 2023