Financial Accounts of the United States - Z.1
R.104 Change in Net Worth of Nonfinancial Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial noncorporate business; net worth (1) | FC112090005 | 593.4 | -483.1 | 50.3 | -183.4 | 163.4 | 13.4 | 56.9 | -96.7 | -3.7 | 1 |
| Nonfinancial noncorporate business; net worth | FU112090005 | -110.0 | -11.5 | 12.1 | -29.2 | 31.4 | 12.2 | -2.3 | -66.6 | 5.4 | 2 |
| Nonfinancial noncorporate business; nonfinancial assets | FU112010005 | 129.9 | 127.4 | 152.6 | -25.8 | 67.8 | 61.0 | 49.6 | -22.2 | 61.7 | 3 |
| Nonfinancial noncorporate business; residential real estate at market value | FU115035023 | 46.7 | 43.0 | 40.6 | -19.4 | 29.2 | 27.9 | 2.8 | -23.0 | 24.7 | 4 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | FU115035035 | 55.7 | 74.9 | 74.5 | 8.4 | 21.3 | 24.4 | 20.4 | 4.5 | 16.2 | 5 |
| Nonfinancial noncorporate business; residential equipment, current cost basis | FU115012265 | 4.5 | 4.5 | 4.5 | 1.1 | 1.1 | 1.2 | 1.1 | 1.0 | 1.0 | 6 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis | FU115013265 | -22.3 | -28.6 | -23.2 | -26.7 | 0.0 | -8.3 | 11.7 | -24.5 | 8.6 | 7 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis | FU115013765 | 29.3 | 28.8 | 44.8 | 10.4 | 11.3 | 11.5 | 11.5 | 11.2 | 11.7 | 8 |
| Nonfinancial noncorporate business; inventories | FU115020005 | 16.0 | 4.8 | 11.5 | 0.3 | 4.8 | 4.3 | 2.0 | 8.6 | -0.5 | 9 |
| Nonfinancial noncorporate business; total financial assets | FU114090005 | 1056.1 | 211.2 | 251.3 | 64.6 | 50.2 | 60.1 | 76.4 | 57.8 | 39.3 | 10 |
| Nonfinancial noncorporate business; total liabilities | FU114190005 | 1296.0 | 350.1 | 391.8 | 68.0 | 86.7 | 108.9 | 128.2 | 102.2 | 95.6 | 11 |
| Nonfinancial noncorporate business; net worth | FR112090005 | 716.4 | -471.9 | 47.3 | -154.2 | 131.9 | 6.5 | 63.1 | -27.8 | -9.2 | 12 |
| Nonfinancial noncorporate business; nonfinancial assets | FR112010005 | 727.9 | -474.1 | 48.4 | -152.9 | 132.3 | 2.5 | 66.5 | -30.0 | -9.3 | 13 |
| Nonfinancial noncorporate business; residential real estate at market value | FR115035023 | 453.4 | -352.4 | 66.3 | -110.9 | 75.9 | 58.6 | 42.8 | 37.9 | 90.8 | 14 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | FR115035035 | 151.7 | -194.7 | -13.1 | -74.1 | 70.3 | -55.8 | 46.6 | -84.8 | -103.2 | 15 |
| Nonfinancial noncorporate business; residential equipment, current cost basis (2) | FR115012265 | -0.8 | -6.6 | -2.5 | 0.4 | -2.2 | 0.2 | -1.0 | -2.3 | 2.6 | 16 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis (2) | FR115013265 | 105.2 | 71.2 | 8.8 | 26.5 | -4.8 | 6.1 | -18.9 | 19.3 | -7.6 | 17 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis (2) | FR115013765 | 10.9 | 9.4 | -16.7 | -3.9 | -5.0 | -4.4 | -3.4 | -4.5 | -4.9 | 18 |
| Nonfinancial noncorporate business; inventories (2) | FR115020005 | 7.4 | -0.9 | 5.6 | 9.1 | -1.9 | -2.1 | 0.5 | 4.4 | 13.0 | 19 |
| Nonfinancial noncorporate business; debt securities; asset | FR114022005 | -11.8 | 2.1 | -0.9 | -1.2 | -0.2 | 3.9 | -3.4 | 2.1 | 0.1 | 20 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | FR115114305 | -0.3 | -0.1 | 0.2 | 0.1 | 0.1 | -0.1 | 0.0 | -0.1 | 0.0 | 21 |
| Nonfinancial noncorporate business; net worth (3) | FV112090005 | -13.0 | 0.3 | -9.0 | 0.1 | 0.1 | -5.2 | -4.0 | -2.3 | 0.1 | 22 |
| Nonfinancial noncorporate business; net worth (4) | LM112090005 | 16014.8 | 15531.6 | 15582.0 | 15348.3 | 15511.6 | 15525.1 | 15582.0 | 15485.2 | 15481.5 | 23 |
NOTES
- Sum of net investment (line 2), net holding gains (line 12), and other volume changes (line 22).
- Valued at current cost.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.104, line 40.
Last Update: September 11, 2025