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
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Consumption of fixed capital (by type) | FA886300095 | 4570.7 | 4796.7 | 5065.8 | 4834.1 | 4895.8 | 4943.2 | 4994.8 | 5112.1 | 5213.3 |
| Line 2 | Structures | FA886300065 | 1664.1 | 1709.2 | 1790.3 | 1720.5 | 1737.8 | 1754.5 | 1773.1 | 1802.1 | 1831.6 |
| Line 3 | Equipment | FA886300025 | 1407.9 | 1475.8 | 1571.0 | 1488.9 | 1511.1 | 1525.5 | 1541.2 | 1589.9 | 1627.3 |
| Line 4 | Intellectual Property Products | FA886330075 | 1498.7 | 1624.6 | 1717.9 | 1637.6 | 1659.8 | 1676.3 | 1693.6 | 1733.5 | 1768.0 |
| Line 5 | Software | FA886330035 | 642.1 | 707.5 | 748.8 | 713.5 | 723.6 | 730.6 | 738.2 | 755.7 | 770.7 |
| Line 6 | Research and development | FA886330045 | 756.4 | 811.0 | 857.0 | 817.2 | 827.9 | 836.4 | 845.0 | 864.7 | 881.9 |
| Line 7 | Entertainment, literary, and artistic originals | FA836330053 | 100.2 | 106.1 | 112.0 | 107.0 | 108.3 | 109.3 | 110.4 | 113.1 | 115.4 |
| Line 8 | Miscellaneous government adjustements1 | FA366300095 | 0.0 | -12.9 | -13.3 | -12.9 | -12.9 | -13.1 | -13.2 | -13.4 | -13.6 |
| Line 9 | Consumption of fixed capital (by sector) | FA886300095 | 4570.7 | 4796.7 | 5065.8 | 4834.1 | 4895.8 | 4943.2 | 4994.8 | 5112.1 | 5213.3 |
| Line 10 | Households and nonprofit organizations | FA156300003 | 848.4 | 878.3 | 913.9 | 885.4 | 891.6 | 899.0 | 906.3 | 921.0 | 929.5 |
| Line 11 | Nonfinancial corporate business | FA106300011 | 2154.3 | 2274.4 | 2414.4 | 2291.7 | 2325.0 | 2348.1 | 2374.6 | 2439.0 | 2495.7 |
| Line 12 | Nonfinancial noncorporate business | FA116300001 | 473.7 | 495.4 | 519.1 | 498.8 | 504.0 | 507.7 | 512.9 | 523.7 | 532.0 |
| Line 13 | Federal government | FA316300001 | 375.2 | 393.4 | 417.7 | 395.9 | 402.3 | 408.3 | 412.8 | 420.7 | 428.8 |
| Line 14 | State and local governments | FA216300001 | 395.2 | 410.4 | 431.7 | 413.0 | 417.3 | 422.4 | 427.9 | 434.6 | 441.8 |
| Line 15 | Domestic financial sectors2 | FA796330005 | 324.1 | 344.8 | 369.1 | 349.3 | 355.5 | 357.6 | 360.4 | 373.1 | 385.5 |
| Line 16 | Monetary authority | FA716330005 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.4 | 1.4 |
| Line 17 | Private depository institutions | FA706330005 | 84.4 | 91.6 | 99.5 | 93.3 | 95.3 | 96.0 | 96.9 | 100.7 | 104.4 |
| Line 18 | U.S.-chartered depository institutions | FA766330005 | 62.8 | 69.2 | 75.6 | 70.6 | 72.3 | 72.9 | 73.6 | 76.6 | 79.5 |
| Line 19 | Foreign banking offices in U.S. | FA756330005 | 11.1 | 10.6 | 11.3 | 10.7 | 10.9 | 10.9 | 11.0 | 11.4 | 11.8 |
| Line 20 | Banks in U.S.-affiliated areas | FA746330005 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 |
| Line 21 | Credit unions | FA476330005 | 10.3 | 11.6 | 12.3 | 11.7 | 11.9 | 11.9 | 12.0 | 12.4 | 12.8 |
| Line 22 | Property-casualty insurance companies | FA516330005 | 34.8 | 36.8 | 39.2 | 37.2 | 37.8 | 38.0 | 38.3 | 39.6 | 40.9 |
| Line 23 | Life insurance companies | FA546330005 | 29.4 | 31.7 | 33.7 | 32.0 | 32.6 | 32.7 | 33.0 | 34.1 | 35.2 |
| Line 24 | Private pension funds | FA576330005 | 1.4 | 1.7 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 | 1.9 |
| Line 25 | State and local government employee pension funds | FA226330005 | 1.7 | 2.1 | 2.2 | 2.1 | 2.1 | 2.2 | 2.2 | 2.2 | 2.3 |
| Line 26 | Government-sponsored enterprises | FA406330005 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 |
| Line 27 | ABS issuers | FA676330023 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 28 | Finance companies | FA616330005 | 75.3 | 74.9 | 79.8 | 75.7 | 77.0 | 77.4 | 77.9 | 80.6 | 83.1 |
| Line 29 | Security brokers and dealers | FA666330005 | 51.8 | 58.4 | 62.2 | 59.0 | 60.0 | 60.3 | 60.8 | 62.8 | 64.8 |
| Line 30 | Holding companies | FA736330005 | 43.4 | 45.7 | 48.6 | 46.2 | 46.9 | 47.2 | 47.5 | 49.1 | 50.7 |
| Memo: | |||||||||||
| Line 31 | Consumer durable goods3 | FA156300103 | 1632.5 | 1688.7 | 1712.1 | 1695.3 | 1707.7 | 1667.9 | 1694.6 | 1730.8 | 1754.9 |
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: 2026-03-19