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 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial noncorporate business; net worth (1) | FC112090005 | 589.2 | -480.4 | 121.3 | 178.3 | 27.3 | 76.1 | -100.7 | -11.5 | 83.9 | 1 |
| Nonfinancial noncorporate business; net worth | FU112090005 | -104.5 | 1.9 | -22.4 | 20.2 | 6.9 | -16.0 | -76.9 | -5.6 | -4.2 | 2 |
| Nonfinancial noncorporate business; nonfinancial assets | FU112010005 | 135.5 | 140.9 | 133.3 | 59.6 | 57.3 | 39.0 | -26.8 | 54.0 | 44.9 | 3 |
| Nonfinancial noncorporate business; residential real estate at market value | FU115035023 | 47.0 | 44.6 | 42.4 | 27.0 | 26.8 | 3.3 | -19.8 | 26.6 | 21.6 | 4 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | FU115035035 | 54.3 | 82.3 | 77.6 | 23.0 | 25.4 | 18.1 | 4.5 | 16.6 | 19.0 | 5 |
| Nonfinancial noncorporate business; residential equipment, current cost basis | FU115012265 | 4.5 | 4.5 | 4.6 | 1.2 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 6 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis | FU115013265 | -21.0 | -28.4 | -24.9 | -0.9 | -7.1 | 6.4 | -29.0 | 2.1 | -4.0 | 7 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis | FU115013765 | 29.8 | 28.0 | 25.0 | 5.4 | 7.4 | 8.4 | 7.6 | 8.0 | 8.5 | 8 |
| Nonfinancial noncorporate business; inventories | FU115020005 | 20.9 | 9.8 | 8.6 | 4.0 | 3.6 | 1.6 | 8.8 | -0.3 | -1.2 | 9 |
| Nonfinancial noncorporate business; total financial assets | FU114090005 | 1056.1 | 211.1 | 251.2 | 50.3 | 60.0 | 76.4 | 57.7 | 39.1 | 70.7 | 10 |
| Nonfinancial noncorporate business; total liabilities | FU114190005 | 1296.0 | 350.1 | 406.9 | 89.7 | 110.4 | 131.3 | 107.7 | 98.7 | 119.8 | 11 |
| Nonfinancial noncorporate business; net worth | FR112090005 | 706.7 | -482.6 | 149.8 | 158.0 | 20.4 | 98.4 | -23.9 | -5.9 | 88.0 | 12 |
| Nonfinancial noncorporate business; nonfinancial assets | FR112010005 | 718.1 | -484.8 | 150.9 | 158.4 | 16.5 | 101.8 | -25.9 | -6.2 | 87.1 | 13 |
| Nonfinancial noncorporate business; residential real estate at market value | FR115035023 | 445.6 | -354.4 | 75.2 | 77.9 | 60.0 | 43.1 | 39.2 | 69.5 | -85.6 | 14 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | FR115035035 | 154.5 | -199.4 | -5.2 | 69.8 | -56.1 | 49.2 | -91.0 | -71.1 | 118.7 | 15 |
| Nonfinancial noncorporate business; residential equipment, current cost basis (2) | FR115012265 | -1.0 | -6.7 | -3.7 | -2.2 | -0.4 | -1.4 | -2.0 | 2.8 | 0.4 | 16 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis (2) | FR115013265 | 103.7 | 70.2 | 61.4 | 9.9 | 16.7 | -1.6 | 20.9 | -2.2 | 10.8 | 17 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis (2) | FR115013765 | 10.6 | 8.6 | 10.4 | 1.9 | 2.4 | 4.2 | -4.2 | -4.2 | -0.6 | 18 |
| Nonfinancial noncorporate business; inventories (2) | FR115020005 | 4.7 | -3.0 | 12.7 | 1.1 | -6.2 | 8.1 | 11.3 | -0.9 | 43.3 | 19 |
| Nonfinancial noncorporate business; debt securities; asset | FR114022005 | -11.8 | 2.1 | -0.9 | -0.2 | 3.9 | -3.4 | 2.1 | 0.1 | 0.9 | 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 | 0.0 | 0.1 | -0.2 | -0.0 | 21 |
| Nonfinancial noncorporate business; net worth (3) | FV112090005 | -13.0 | 0.3 | -6.1 | 0.1 | 0.1 | -6.3 | 0.1 | 0.1 | 0.1 | 22 |
| Nonfinancial noncorporate business; net worth (4) | LM112090005 | 15991.5 | 15511.1 | 15632.4 | 15529.0 | 15556.3 | 15632.4 | 15531.8 | 15520.3 | 15604.2 | 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: January 9, 2026