Financial Accounts of the United States - Z.1
F.4.c Consumption of Fixed Capital
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4313.4 | 4587.7 | 4816.3 | 4714.1 | 4781.0 | 4853.9 | 4916.0 | 4963.6 | 5008.5 | 1 |
| All domestic sectors; consumption of fixed capital, structures | FA886300065 | 1592.3 | 1670.1 | 1749.8 | 1713.9 | 1737.1 | 1763.2 | 1785.0 | 1802.2 | 1817.7 | 2 |
| All domestic sectors; consumption of fixed capital, equipment | FA886300025 | 1340.2 | 1409.7 | 1480.1 | 1448.1 | 1469.3 | 1491.9 | 1511.3 | 1525.6 | 1539.8 | 3 |
| All domestic sectors; consumption of fixed capital, nonresidential intellectual property products | FA886330075 | 1380.6 | 1507.9 | 1586.3 | 1552.1 | 1574.6 | 1598.8 | 1619.8 | 1635.8 | 1651.0 | 4 |
| All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis | FA886330035 | 576.4 | 643.9 | 678.4 | 663.8 | 673.4 | 683.8 | 692.6 | 699.3 | 705.7 | 5 |
| All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis | FA886330045 | 710.7 | 763.8 | 802.6 | 785.2 | 796.6 | 808.8 | 819.6 | 827.9 | 835.7 | 6 |
| Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis | FA836330053 | 93.5 | 100.2 | 105.3 | 103.0 | 104.6 | 106.2 | 107.6 | 108.6 | 109.6 | 7 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products (residual difference between NIPA and fixed asset accounts) (1) | FA366300095 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8 |
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4313.4 | 4587.7 | 4816.3 | 4714.1 | 4781.0 | 4853.9 | 4916.0 | 4963.6 | 5008.5 | 9 |
| Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA156300003 | 818.6 | 850.7 | 881.1 | 866.1 | 876.5 | 888.0 | 894.0 | 901.0 | 906.7 | 10 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REITs for all periods (adjusted NIPA basis) | FA106300011 | 2011.0 | 2161.7 | 2285.5 | 2232.2 | 2267.6 | 2303.6 | 2338.4 | 2362.2 | 2388.9 | 11 |
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA116300001 | 447.6 | 474.6 | 496.8 | 487.2 | 493.6 | 500.6 | 506.0 | 510.0 | 515.1 | 12 |
| Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA316300001 | 357.9 | 378.2 | 397.9 | 389.4 | 394.8 | 400.6 | 406.8 | 412.4 | 416.5 | 13 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 375.7 | 398.6 | 412.1 | 406.7 | 409.3 | 414.5 | 418.1 | 423.1 | 425.1 | 14 |
| Domestic financial sectors; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (2) | FA796330005 | 302.5 | 324.0 | 342.8 | 332.5 | 339.2 | 346.6 | 352.8 | 354.9 | 356.3 | 15 |
| Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA716330005 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 16 |
| Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA706330005 | 76.4 | 84.3 | 89.6 | 86.4 | 88.5 | 90.8 | 92.7 | 93.4 | 93.8 | 17 |
| U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA766330005 | 58.0 | 62.8 | 66.8 | 64.2 | 65.9 | 67.8 | 69.3 | 69.8 | 70.2 | 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 | 8.9 | 11.1 | 11.7 | 11.4 | 11.6 | 11.8 | 12.0 | 12.1 | 12.1 | 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 | 9.3 | 10.3 | 10.9 | 10.6 | 10.8 | 11.0 | 11.2 | 11.2 | 11.3 | 21 |
| Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products | FA516330005 | 33.2 | 34.9 | 36.9 | 35.9 | 36.5 | 37.3 | 37.9 | 38.1 | 38.3 | 22 |
| Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA546330005 | 27.6 | 29.3 | 30.9 | 30.1 | 30.6 | 31.2 | 31.8 | 31.9 | 32.1 | 23 |
| Private pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA576330005 | 1.0 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 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 | 1.3 | 1.7 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 | 1.9 | 1.9 | 25 |
| Government-sponsored enterprises; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA406330005 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 26 |
| Issuers of asset-backed securities; consumption of fixed capital; nonresidential equipment, current cost basis | FA676330023 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | 76.5 | 75.3 | 79.5 | 77.3 | 78.7 | 80.4 | 81.7 | 82.1 | 82.4 | 28 |
| Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA666330005 | 44.2 | 51.8 | 54.7 | 53.2 | 54.2 | 55.3 | 56.2 | 56.5 | 56.7 | 29 |
| Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA736330005 | 40.6 | 43.4 | 45.9 | 44.6 | 45.4 | 46.3 | 47.1 | 47.4 | 47.5 | 30 |
| Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) | FA156300103 | 1542.6 | 1632.1 | 1630.3 | 1608.1 | 1627.1 | 1637.2 | 1648.8 | 1672.3 | 1697.9 | 31 |
NOTES
- 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.
- Domestic financial subsector detail are based on FRB staff estimates.
- 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: September 11, 2025