B.1 Derivation of U.S. Net Wealth
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2021 2022 2023 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 Line
All sectors; U.S. wealth (1) FL892090005 -- -- -- -- -- -- -- -- -- 1
Households and nonprofit organizations; nonfinancial assets LM152010005 -- -- -- -- -- -- -- -- -- 2
Households and nonprofit organizations; real estate at market value LM155035005 -- -- -- -- -- -- -- -- -- 3
Nonprofit organizations; equipment, current cost basis LM165015205 -- -- -- -- -- -- -- -- -- 4
Nonprofit organizations; nonresidential intellectual property products, current cost basis LM165013765 -- -- -- -- -- -- -- -- -- 5
Households and nonprofit organizations; consumer durable goods, current cost basis LM155111005 -- -- -- -- -- -- -- -- -- 6
Nonfinancial noncorporate business; nonfinancial assets LM112010005 -- -- -- -- -- -- -- -- -- 7
Nonfinancial noncorporate business; real estate at market value LM115035005 -- -- -- -- -- -- -- -- -- 8
Nonfinancial noncorporate business; equipment, current cost basis LM115015205 -- -- -- -- -- -- -- -- -- 9
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis LM115013765 -- -- -- -- -- -- -- -- -- 10
Nonfinancial noncorporate business; inventories LM115020005 -- -- -- -- -- -- -- -- -- 11
Security brokers and dealers; proprietors' equity in noncorporate business (2) LM662090003 -- -- -- -- -- -- -- -- -- 12
All domestic sectors; market value estimate of nonfinancial assets LM882010405 -- -- -- -- -- -- -- -- -- 13
Nonfinancial corporate business; market value estimate of nonfinancial assets (3) LM102010405 -- -- -- -- -- -- -- -- -- 14
Domestic financial sectors; market value estimate of nonfinancial assets (3) LM792010405 -- -- -- -- -- -- -- -- -- 15
Federal government; nonfinancial assets (does not include land) (4) LM315015005 -- -- -- -- -- -- -- -- -- 16
Federal government; total residential and nonresidential structures LM315015605 -- -- -- -- -- -- -- -- -- 17
Federal government; nonresidential equipment, current cost basis LM315013265 -- -- -- -- -- -- -- -- -- 18
Federal government; nonresidential intellectual property products, current cost basis LM315013765 -- -- -- -- -- -- -- -- -- 19
State and local governments; nonfinancial assets (does not include land) (4) LM212010095 -- -- -- -- -- -- -- -- -- 20
State and local governments; total residential and nonresidential structures LM215015605 -- -- -- -- -- -- -- -- -- 21
State and local governments; nonresidential equipment, current cost basis LM215013265 -- -- -- -- -- -- -- -- -- 22
State and local governments; nonresidential intellectual property products, current cost basis LM215013765 -- -- -- -- -- -- -- -- -- 23
All domestic sectors; U.S. financial claims on the rest of the world; asset FL882090265 -- -- -- -- -- -- -- -- -- 24
Rest of the world; total liabilities and equity FL264194005 -- -- -- -- -- -- -- -- -- 25
Rest of the world; foreign corporate equities including foreign investment fund shares; liability LM263164100 -- -- -- -- -- -- -- -- -- 26
Rest of the world; total financial liabilities and foreign direct investment: equity FL264194035 -- -- -- -- -- -- -- -- -- 27
Rest of the world; total financial assets FL264090005 -- -- -- -- -- -- -- -- -- 28
Rest of the world; U.S. corporate equities; asset LM263064105 -- -- -- -- -- -- -- -- -- 29
Rest of the world; total financial assets excluding U.S. corporate equities and mutual fund shares FL264090035 -- -- -- -- -- -- -- -- -- 30
All sectors; U.S. wealth FL892090005 -- -- -- -- -- -- -- -- -- 31
All sectors; U.S. wealth FC892090005 -- -- -- -- -- -- -- -- -- 32
All sectors; U.S. wealth PC892090005 -- -- -- -- -- -- -- -- -- 33
Households and nonprofit organizations; net worth (5) FL152090005 -- -- -- -- -- -- -- -- -- 34
Households and nonprofit organizations; net worth FC152090005 -- -- -- -- -- -- -- -- -- 35
Households and nonprofit organizations; net worth PC152090005 -- -- -- -- -- -- -- -- -- 36

NOTES

  1. U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, nonfinancial and financial business, and government sectors of the U.S. economy, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).
  2. Assumed to be equal to proprietors' equity in noncorporate brokers and dealers.
  3. Estimated as the market value of corporate equity, plus foreign direct investment: equity, plus miscellaneous other equity (excluding proprietors' equity), plus total liabilities, less total financial assets.
  4. Excludes land and nonproduced nonfinancial assets.
  5. Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
Last Update: February 23, 2024