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 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4307.4 | 4570.7 | 4796.7 | 4762.1 | 4834.1 | 4895.8 | 4943.2 | 4994.8 | 5114.0 | 1 |
| All domestic sectors; consumption of fixed capital, structures | FA886300065 | 1588.8 | 1664.1 | 1709.2 | 1699.1 | 1720.5 | 1737.8 | 1754.5 | 1773.1 | 1815.1 | 2 |
| All domestic sectors; consumption of fixed capital, equipment | FA886300025 | 1340.0 | 1407.9 | 1475.8 | 1463.6 | 1488.9 | 1511.1 | 1525.5 | 1541.2 | 1578.5 | 3 |
| All domestic sectors; consumption of fixed capital, nonresidential intellectual property products | FA886330075 | 1378.4 | 1498.7 | 1624.6 | 1612.3 | 1637.6 | 1659.8 | 1676.3 | 1693.6 | 1733.9 | 4 |
| All domestic sectors; consumption of fixed capital, nonresidential software, current cost basis | FA886330035 | 574.9 | 642.1 | 707.5 | 701.9 | 713.5 | 723.6 | 730.6 | 738.2 | 756.0 | 5 |
| All domestic sectors; consumption of fixed capital, nonresidential research and development, current cost basis | FA886330045 | 710.0 | 756.4 | 811.0 | 805.1 | 817.2 | 827.9 | 836.4 | 845.0 | 864.7 | 6 |
| Private domestic sectors; consumption of fixed capital, nonresidential entertainment, literary, and artistic originals, current cost basis | FA836330053 | 93.5 | 100.2 | 106.1 | 105.3 | 107.0 | 108.3 | 109.3 | 110.4 | 113.2 | 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 | -12.9 | -12.9 | -12.9 | -12.9 | -13.1 | -13.2 | -13.4 | 8 |
| All domestic sectors; consumption of fixed capital, equipment, software, and structures, current cost basis (IMA, sum of parts) | FA886300095 | 4307.4 | 4570.7 | 4796.7 | 4762.1 | 4834.1 | 4895.8 | 4943.2 | 4994.8 | 5114.0 | 9 |
| Households and nonprofit organizations; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA156300003 | 818.2 | 848.4 | 878.3 | 873.4 | 885.4 | 891.6 | 899.0 | 906.3 | 922.2 | 10 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REITs for all periods (adjusted NIPA basis) | FA106300011 | 2010.5 | 2154.3 | 2274.4 | 2257.3 | 2291.7 | 2325.0 | 2348.1 | 2374.6 | 2439.9 | 11 |
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis | FA116300001 | 447.5 | 473.7 | 495.4 | 492.8 | 498.8 | 504.0 | 507.7 | 512.9 | 524.1 | 12 |
| Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA316300001 | 357.0 | 375.2 | 393.4 | 390.1 | 395.9 | 402.3 | 408.3 | 412.8 | 419.7 | 13 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 372.0 | 395.2 | 410.4 | 407.8 | 413.0 | 417.3 | 422.4 | 427.9 | 434.8 | 14 |
| Domestic financial sectors; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (2) | FA796330005 | 302.2 | 324.1 | 344.8 | 340.8 | 349.3 | 355.5 | 357.6 | 360.4 | 373.4 | 15 |
| Monetary authority; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA716330005 | 1.1 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.4 | 16 |
| Private depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA706330005 | 76.4 | 84.4 | 91.6 | 90.0 | 93.3 | 95.3 | 96.0 | 96.9 | 100.8 | 17 |
| U.S.-chartered depository institutions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA766330005 | 57.9 | 62.8 | 69.2 | 67.8 | 70.6 | 72.3 | 72.9 | 73.6 | 76.7 | 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 | 10.6 | 10.5 | 10.7 | 10.9 | 10.9 | 11.0 | 11.4 | 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 | 0.3 | 0.3 | 20 |
| Credit unions; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA476330005 | 9.3 | 10.3 | 11.6 | 11.4 | 11.7 | 11.9 | 11.9 | 12.0 | 12.4 | 21 |
| Property-casualty insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products | FA516330005 | 33.1 | 34.8 | 36.8 | 36.5 | 37.2 | 37.8 | 38.0 | 38.3 | 39.6 | 22 |
| Life insurance companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA546330005 | 27.5 | 29.4 | 31.7 | 31.4 | 32.0 | 32.6 | 32.7 | 33.0 | 34.1 | 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 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 | 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 | 2.1 | 2.1 | 2.1 | 2.1 | 2.2 | 2.2 | 2.2 | 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 | 0.7 | 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 | 0.0 | 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 | 74.9 | 74.2 | 75.7 | 77.0 | 77.4 | 77.9 | 80.6 | 28 |
| Security brokers and dealers; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA666330005 | 44.1 | 51.8 | 58.4 | 57.8 | 59.0 | 60.0 | 60.3 | 60.8 | 62.9 | 29 |
| Holding companies; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FA736330005 | 40.6 | 43.4 | 45.7 | 45.2 | 46.2 | 46.9 | 47.2 | 47.5 | 49.1 | 30 |
| Households and nonprofit organizations; consumption of fixed capital, consumer durable goods (3) | FA156300103 | 1543.6 | 1632.5 | 1688.7 | 1685.5 | 1695.3 | 1707.7 | 1667.9 | 1694.6 | 1730.8 | 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: January 9, 2026