Financial Accounts of the United States - Z.1
L.225.a Direct Investment Equity
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| 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) | LM263192101 | 7930.1 | 9174.8 | 9782.6 | 9841.0 | 10397.4 | 9782.6 | 10177.9 | 11220.9 | 11833.6 | 1 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6666.3 | 7627.6 | 8105.3 | 8177.5 | 8656.8 | 8105.3 | 8485.0 | 9324.7 | 9839.9 | 2 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: equity (market value) | LM763092100 | 322.8 | 363.8 | 377.5 | 387.6 | 405.2 | 377.5 | 391.8 | 435.4 | 456.5 | 3 |
| Property-casualty insurance companies; U.S. direct investment abroad: equity (market value) | LM513092103 | 209.2 | 299.4 | 337.3 | 297.7 | 306.5 | 337.3 | 299.3 | 324.0 | 413.8 | 4 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 24.0 | 38.2 | 38.9 | 41.1 | 39.3 | 38.9 | 41.8 | 48.2 | 54.4 | 5 |
| Finance companies; U.S. direct investment abroad: equity (market value) | LM613092103 | 351.3 | 416.1 | 440.9 | 458.6 | 475.4 | 440.9 | 456.6 | 512.3 | 512.2 | 6 |
| Security brokers and dealers; U.S. direct investment abroad: equity (market value) | LM663092103 | 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) | LM733092103 | 356.6 | 429.7 | 482.7 | 478.4 | 514.3 | 482.7 | 503.5 | 576.3 | 556.9 | 8 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 9148.5 | 11411.6 | 13981.4 | 12997.6 | 13702.2 | 13981.4 | 13328.5 | 14732.5 | 15971.0 | 9 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | LM115114103 | 95.0 | 107.9 | 120.9 | 114.7 | 120.2 | 120.9 | 114.5 | 124.3 | 126.2 | 10 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: equity; liability (market value) | LM753192103 | 351.0 | 426.4 | 522.8 | 485.1 | 516.4 | 522.8 | 485.2 | 539.1 | 603.5 | 11 |
| Property-casualty insurance companies; foreign direct investment in U.S.: equity; liability (market value) | LM513192103 | 199.9 | 262.3 | 309.0 | 291.8 | 307.0 | 309.0 | 293.1 | 330.9 | 362.6 | 12 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 110.9 | 109.8 | 133.6 | 120.0 | 121.5 | 133.6 | 122.7 | 133.1 | 152.9 | 13 |
| Finance companies; foreign direct investment in U.S.: equity; liability (market value) | LM613192103 | 151.0 | 188.7 | 212.4 | 210.2 | 221.8 | 212.4 | 203.7 | 225.4 | 235.5 | 14 |
| Security brokers and dealers; foreign direct investment in U.S.: equity, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192103 | 303.9 | 422.5 | 558.2 | 493.6 | 539.1 | 558.2 | 520.0 | 579.6 | 625.3 | 15 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) | LM733192103 | 95.5 | 83.7 | 90.9 | 92.3 | 95.5 | 90.9 | 93.4 | 93.3 | 98.2 | 16 |
| Other financial business; foreign direct investment in U.S.: equity; liability (market value) | LM503192103 | 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) | LM263092101 | 10455.6 | 13012.8 | 15929.1 | 14805.4 | 15623.8 | 15929.1 | 15161.0 | 16758.2 | 18175.1 | 18 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | LM263192005 | 7829.8 | 9107.0 | 9707.1 | 9738.5 | 10263.6 | 9707.1 | 10133.7 | 11135.1 | 11738.9 | 19 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | LM263092001 | 10929.7 | 13449.5 | 16388.3 | 15285.0 | 16089.5 | 16388.3 | 15631.7 | 17217.5 | 18626.8 | 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