Financial Accounts of the United States - Z.1
F.225.a Direct Investment Equity
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad: equity; liability (market value) (1) | FA263192101 | 357.6 | 244.8 | 331.0 | 180.4 | 295.8 | 438.0 | 365.7 | 145.4 | 234.1 | 1 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 289.6 | 164.9 | 259.7 | 182.3 | 316.7 | 246.5 | 486.3 | 38.9 | 204.1 | 2 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | FA763092100 | 13.4 | -2.5 | 8.0 | 24.7 | -20.9 | 16.8 | 11.3 | 22.0 | 16.2 | 3 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | FA513092103 | 2.7 | 39.5 | 17.7 | -69.7 | -20.5 | 160.1 | -153.5 | -14.6 | -8.5 | 4 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | 4.4 | 6.9 | 12.2 | 16.9 | 1.4 | 19.9 | 4.9 | 6.4 | 7.8 | 5 |
| Finance companies; U.S. direct investment abroad: equity (market value) | FA613092103 | 30.0 | 12.3 | 3.2 | 11.0 | -20.1 | -13.8 | 2.4 | 28.9 | 8.9 | 6 |
| Security brokers and dealers; U.S. direct investment abroad: equity (market value) | FA663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7 |
| Holding companies; U.S. direct investment abroad: equity (market value) | FA733092103 | 17.4 | 23.5 | 30.2 | 15.3 | 39.3 | 8.5 | 14.3 | 63.8 | 5.6 | 8 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FA103192105 | 233.4 | 281.1 | 234.3 | 197.8 | 207.3 | 318.1 | 191.6 | 344.2 | 220.9 | 9 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | FA115114103 | 0.5 | 14.7 | -2.1 | -13.2 | 1.1 | -0.1 | 0.4 | -0.7 | -0.8 | 10 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | FA753192103 | 12.3 | 12.9 | 14.5 | 10.6 | 21.7 | 9.7 | -15.5 | 16.9 | 17.9 | 11 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | FA513192103 | 21.0 | 12.0 | 14.6 | 13.9 | 18.0 | 13.8 | 1.9 | 18.5 | 12.8 | 12 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 6.8 | -0.0 | 2.4 | -11.5 | -5.9 | 19.1 | -6.3 | -0.9 | 2.1 | 13 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | FA613192103 | 1.8 | 4.3 | -1.0 | 5.6 | 6.7 | -15.6 | 5.3 | 5.6 | -1.5 | 14 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192103 | -20.6 | 44.1 | 44.0 | 9.8 | 72.4 | 36.4 | -37.4 | 43.5 | 20.1 | 15 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | FA733192103 | 59.1 | -42.8 | -16.1 | 30.0 | -19.3 | -27.3 | 47.9 | -57.4 | -27.2 | 16 |
| 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 | 17 |
| Rest of the world; foreign direct investment in U.S.: equity; asset (market value) (1) | FA263092101 | 314.4 | 326.3 | 290.6 | 242.9 | 302.0 | 354.1 | 187.9 | 369.8 | 244.2 | 18 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | 310.3 | 286.6 | 317.4 | 34.5 | 170.5 | 671.4 | 221.7 | -23.4 | 198.7 | 19 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | FA263092001 | 338.4 | 297.4 | 292.3 | 309.9 | 272.7 | 319.5 | 172.1 | 407.5 | 214.3 | 20 |
NOTES
- Direct investment is presented on a directional basis and reported at market value.
- Memo totals are the sum of direct investment equity (tables F.225.a and L.225.a) and intercompany debt (tables F.223 and L.223).
Last Update: January 9, 2026