S.5.a Nonfinancial Corporate Business (1)
Billions of dollars
Description Series code 2016 2017 2018 2019 2020 2021 2022 2023 Line
Nonfinancial corporate business; gross value added FA106902501 -- -- -- -- -- -- -- -- 1
Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (NIPA basis) FA106300003 -- -- -- -- -- -- -- -- 2
Nonfinancial corporate business; net value added FA106902605 -- -- -- -- -- -- -- -- 3
Nonfinancial corporate business; compensation of employees paid FA106025005 -- -- -- -- -- -- -- -- 4
Nonfinancial corporate business; wages and salaries paid FA106020001 -- -- -- -- -- -- -- -- 5
Nonfinancial corporate business; employers' social contributions paid FA106401001 -- -- -- -- -- -- -- -- 6
Nonfinancial corporate business; taxes on production and imports less subsidies, payable FA106240101 -- -- -- -- -- -- -- -- 7
Nonfinancial corporate business; operating surplus, net FA106402101 -- -- -- -- -- -- -- -- 8
Nonfinancial corporate business; net national income/balance of primary incomes, net FA106140005 -- -- -- -- -- -- -- -- 9
Nonfinancial corporate business; operating surplus, net FA106402101 -- -- -- -- -- -- -- -- 10
Nonfinancial corporate business; property income (received) FA106150105 -- -- -- -- -- -- -- -- 11
Nonfinancial corporate business; interest received FA106130101 -- -- -- -- -- -- -- -- 12
Nonfinancial corporate business; dividends received FA106121101 -- -- -- -- -- -- -- -- 13
Nonfinancial corporate business; reinvested earnings on U.S. direct investment abroad; received FA103092201 -- -- -- -- -- -- -- -- 14
Nonfinancial corporate business; uses of property income (paid) FA106150005 -- -- -- -- -- -- -- -- 15
Nonfinancial corporate business; interest paid FA106130001 -- -- -- -- -- -- -- -- 16
Nonfinancial corporate business; dividends paid FA106121001 -- -- -- -- -- -- -- -- 17
Nonfinancial corporate business; reinvested earnings on foreign direct investment in U.S.; paid FA103192201 -- -- -- -- -- -- -- -- 18
Nonfinancial corporate business; rents paid FA106112001 -- -- -- -- -- -- -- -- 19
Nonfinancial corporate business; net national income/balance of primary incomes, net FA106140005 -- -- -- -- -- -- -- -- 20
Nonfinancial corporate business; current taxes on income, wealth, etc. paid FA106220001 -- -- -- -- -- -- -- -- 21
Nonfinancial corporate business; other current transfers paid FA106403001 -- -- -- -- -- -- -- -- 22
Nonfinancial corporate business; disposable income, net; net saving (IMA) FA106012095 -- -- -- -- -- -- -- -- 23
Nonfinancial corporate business; disposable income, net; net saving (IMA) FA106012095 -- -- -- -- -- -- -- -- 24
Nonfinancial corporate business; net saving excluding foreign earnings retained abroad less net capital transfers paid FA106006385 -- -- -- -- -- -- -- -- 25
Nonfinancial corporate business; disposable income, net; net saving (IMA) FA106012095 -- -- -- -- -- -- -- -- 26
Nonfinancial corporate business; net capital transfers paid FA105440005 -- -- -- -- -- -- -- -- 27
Nonfinancial corporate business; capital formation, net (includes equity REIT residential structures) (IMA) FA105050985 -- -- -- -- -- -- -- -- 28
Nonfinancial corporate business; gross fixed capital formation with equity REIT residential structures (IMA) FA105019085 -- -- -- -- -- -- -- -- 29
Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (NIPA basis) FA106300003 -- -- -- -- -- -- -- -- 30
Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) (IMA) FA105420095 -- -- -- -- -- -- -- -- 31
Nonfinancial corporate business; inventories including IVA FA105020005 -- -- -- -- -- -- -- -- 32
Nonfinancial corporate business; net lending (+) or borrowing (-) (capital account), includes statistical discrepancy FA105000905 -- -- -- -- -- -- -- -- 33
Nonfinancial corporate business; net lending (+) or borrowing (-) (capital account), includes statistical discrepancy FA105000905 -- -- -- -- -- -- -- -- 34
Nonfinancial corporate business; total financial assets FA104090005 -- -- -- -- -- -- -- -- 35
Nonfinancial corporate business; total currency and deposits; asset FA104000005 -- -- -- -- -- -- -- -- 36
Nonfinancial corporate business; checkable deposits and currency; asset FA103020005 -- -- -- -- -- -- -- -- 37
Nonfinancial corporate business; total time and savings deposits; asset FA103030003 -- -- -- -- -- -- -- -- 38
Nonfinancial corporate business; private foreign deposits; asset FA103091003 -- -- -- -- -- -- -- -- 39
Nonfinancial corporate business; debt securities; asset FA104022005 -- -- -- -- -- -- -- -- 40
Nonfinancial corporate business; commercial paper; asset FA103069100 -- -- -- -- -- -- -- -- 41
Nonfinancial corporate business; Treasury securities; asset FA103061103 -- -- -- -- -- -- -- -- 42
Nonfinancial corporate business; agency- and GSE-backed securities; asset (2) FA103061703 -- -- -- -- -- -- -- -- 43
Nonfinancial corporate business; municipal securities; asset FA103062003 -- -- -- -- -- -- -- -- 44
Equity real estate investment trusts; corporate and foreign bonds; asset FA123063003 -- -- -- -- -- -- -- -- 45
Nonfinancial corporate business; total loans including security repurchase agreements; asset FA104035005 -- -- -- -- -- -- -- -- 46
Nonfinancial corporate business; short-term loans including security repurchase agreements; asset FA104041005 -- -- -- -- -- -- -- -- 47
Nonfinancial corporate business; long-term loans; asset FA104042005 -- -- -- -- -- -- -- -- 48
Nonfinancial corporate business; equity and investment fund shares; asset FA103081005 -- -- -- -- -- -- -- -- 49
Nonfinancial corporate business; money market fund shares; asset FA103034000 -- -- -- -- -- -- -- -- 50
Nonfinancial corporate business; corporate equities; asset FA103064103 -- -- -- -- -- -- -- -- 51
Nonfinancial corporate business; mutual fund shares; asset FA103064203 -- -- -- -- -- -- -- -- 52
Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) FA103092105 -- -- -- -- -- -- -- -- 53
Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset (2) FA103092405 -- -- -- -- -- -- -- -- 54
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset (3) FA103076005 -- -- -- -- -- -- -- -- 55
Nonfinancial corporate business; other accounts receivable; asset FA103096005 -- -- -- -- -- -- -- -- 56
Nonfinancial corporate business; trade receivables; asset FA103070005 -- -- -- -- -- -- -- -- 57
Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset FA103072005 -- -- -- -- -- -- -- -- 58
Nonfinancial corporate business; other investment in finance company subsidiaries; asset FA103094705 -- -- -- -- -- -- -- -- 59
Nonfinancial corporate business; unidentified miscellaneous assets FA103093005 -- -- -- -- -- -- -- -- 60
Nonfinancial corporate business; total liabilities and equity FA104194005 -- -- -- -- -- -- -- -- 61
Nonfinancial corporate business; debt securities; liability FA104122005 -- -- -- -- -- -- -- -- 62
Nonfinancial corporate business; commercial paper; liability FA103169100 -- -- -- -- -- -- -- -- 63
Nonfinancial corporate business; municipal securities; liability FA103162000 -- -- -- -- -- -- -- -- 64
Nonfinancial corporate business; corporate bonds; liability FA103163005 -- -- -- -- -- -- -- -- 65
Nonfinancial corporate business; loans including foreign direct investment intercompany debt; liability FA104135005 -- -- -- -- -- -- -- -- 66
Nonfinancial corporate business; short-term loans; liability FA104141005 -- -- -- -- -- -- -- -- 67
Nonfinancial corporate business; depository institution loans n.e.c.; liability FA103168005 -- -- -- -- -- -- -- -- 68
Nonfinancial corporate business; other loans and advances; liability FA103169005 -- -- -- -- -- -- -- -- 69
Nonfinancial corporate business; long-term loans; liability FA104142005 -- -- -- -- -- -- -- -- 70
Nonfinancial corporate business; total mortgages; liability FA103165005 -- -- -- -- -- -- -- -- 71
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) FA103192305 -- -- -- -- -- -- -- -- 72
Nonfinancial corporate business; equity and investment fund shares; liability FA103181005 -- -- -- -- -- -- -- -- 73
Nonfinancial corporate business; corporate equities; liability FA103164105 -- -- -- -- -- -- -- -- 74
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) FA103192105 -- -- -- -- -- -- -- -- 75
Nonfinancial corporate business; retirement entitlements; liability (IMA) FA103152025 -- -- -- -- -- -- -- -- 76
Private pension funds; pension fund contributions receivable; asset FA573074005 -- -- -- -- -- -- -- -- 77
Private defined benefit pension funds; claims of pension fund on sponsor; asset FA573073005 -- -- -- -- -- -- -- -- 78
Nonfinancial corporate business; other accounts payable; liability FA103196005 -- -- -- -- -- -- -- -- 79
Nonfinancial corporate business; trade payables; liability FA103170005 -- -- -- -- -- -- -- -- 80
Nonfinancial corporate business; total taxes payable; liability FA103178005 -- -- -- -- -- -- -- -- 81
Nonfinancial corporate business; unidentified miscellaneous liabilities FA103193005 -- -- -- -- -- -- -- -- 82
Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) FA105000005 -- -- -- -- -- -- -- -- 83
Nonfinancial corporate business; total other volume changes (IMA) FV108090105 -- -- -- -- -- -- -- -- 84
Nonfinancial corporate business; nonfinancial assets FV102010005 -- -- -- -- -- -- -- -- 85
Nonfinancial corporate business; other volume changes, excluding disaster losses (IMA) FV108090085 -- -- -- -- -- -- -- -- 86
Nonfinancial corporate business; statistical discrepancy (IMA) (4) FU107005045 -- -- -- -- -- -- -- -- 87
Nonfinancial corporate business; inventory valuation adjustment (IVA) FU105020601 -- -- -- -- -- -- -- -- 88
Nonfinancial corporate business; nonfinancial assets FR102010005 -- -- -- -- -- -- -- -- 89
Nonfinancial corporate business; real estate at market value FR105035005 -- -- -- -- -- -- -- -- 90
Nonfinancial corporate business; equipment, current cost basis FR105015205 -- -- -- -- -- -- -- -- 91
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis FR105013765 -- -- -- -- -- -- -- -- 92
Nonfinancial corporate business; inventories excluding IVA, current cost basis FR105020015 -- -- -- -- -- -- -- -- 93
Nonfinancial corporate business; financial assets with revaluations with corporate farms (IMA) FR108080095 -- -- -- -- -- -- -- -- 94
Nonfinancial corporate business; debt securities; asset FR104022005 -- -- -- -- -- -- -- -- 95
Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) FR103092305 -- -- -- -- -- -- -- -- 96
Nonfinancial corporate business; corporate equities; asset FR103064103 -- -- -- -- -- -- -- -- 97
Nonfinancial corporate business; mutual fund shares; asset FR103064203 -- -- -- -- -- -- -- -- 98
Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) FR103092105 -- -- -- -- -- -- -- -- 99
Nonfinancial corporate business; unidentified miscellaneous assets FR103093005 -- -- -- -- -- -- -- -- 100
Nonfinancial corporate business; revaluation of equity, foreign direct investment, and insurance, pension and standardized guarantee schemes; liability (IMA) FR104190085 -- -- -- -- -- -- -- -- 101
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) FR103192305 -- -- -- -- -- -- -- -- 102
Nonfinancial corporate business; corporate equities; liability FR103164105 -- -- -- -- -- -- -- -- 103
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) FR103192105 -- -- -- -- -- -- -- -- 104
Nonfinancial corporate business; retirement entitlements; liability (IMA) FR103152025 -- -- -- -- -- -- -- -- 105
Nonfinancial corporate business; unidentified miscellaneous liabilities FR103193005 -- -- -- -- -- -- -- -- 106
Nonfinancial corporate business; changes in net worth due to nominal holding gains/losses (IMA) FR108200005 -- -- -- -- -- -- -- -- 107
Nonfinancial corporate business; net worth (IMA) (5) FC102090095 -- -- -- -- -- -- -- -- 108
Nonfinancial corporate business; total assets FL102000005 -- -- -- -- -- -- -- -- 109
Nonfinancial corporate business; nonfinancial assets (6) LM102010005 -- -- -- -- -- -- -- -- 110
Nonfinancial corporate business; real estate at market value LM105035005 -- -- -- -- -- -- -- -- 111
Nonfinancial corporate business; equipment, current cost basis LM105015205 -- -- -- -- -- -- -- -- 112
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 -- -- -- -- -- -- -- -- 113
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 -- -- -- -- -- -- -- -- 114
Nonfinancial corporate business; total financial assets FL104090005 -- -- -- -- -- -- -- -- 115
Nonfinancial corporate business; total currency and deposits; asset FL104000005 -- -- -- -- -- -- -- -- 116
Nonfinancial corporate business; checkable deposits and currency; asset FL103020005 -- -- -- -- -- -- -- -- 117
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 -- -- -- -- -- -- -- -- 118
Nonfinancial corporate business; private foreign deposits; asset FL103091003 -- -- -- -- -- -- -- -- 119
Nonfinancial corporate business; debt securities; asset LM104022005 -- -- -- -- -- -- -- -- 120
Nonfinancial corporate business; commercial paper; asset FL103069100 -- -- -- -- -- -- -- -- 121
Nonfinancial corporate business; Treasury securities; asset LM103061103 -- -- -- -- -- -- -- -- 122
Nonfinancial corporate business; agency- and GSE-backed securities; asset (2) LM103061703 -- -- -- -- -- -- -- -- 123
Nonfinancial corporate business; municipal securities; asset LM103062003 -- -- -- -- -- -- -- -- 124
Equity real estate investment trusts; corporate and foreign bonds; asset LM123063003 -- -- -- -- -- -- -- -- 125
Nonfinancial corporate business; total loans including security repurchase agreements; asset FL104035005 -- -- -- -- -- -- -- -- 126
Nonfinancial corporate business; short-term loans including security repurchase agreements; asset FL104041005 -- -- -- -- -- -- -- -- 127
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 -- -- -- -- -- -- -- -- 128
Nonfinancial corporate business; consumer credit; asset FL103066005 -- -- -- -- -- -- -- -- 129
Nonfinancial corporate business; long-term loans; asset FL104042005 -- -- -- -- -- -- -- -- 130
Nonfinancial corporate business; total mortgages; asset FL103065005 -- -- -- -- -- -- -- -- 131
Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) FL103092305 -- -- -- -- -- -- -- -- 132
Nonfinancial corporate business; equity and investment fund shares; asset FL103081005 -- -- -- -- -- -- -- -- 133
Nonfinancial corporate business; money market fund shares; asset FL103034000 -- -- -- -- -- -- -- -- 134
Nonfinancial corporate business; corporate equities; asset LM103064103 -- -- -- -- -- -- -- -- 135
Nonfinancial corporate business; mutual fund shares; asset LM103064203 -- -- -- -- -- -- -- -- 136
Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) LM103092105 -- -- -- -- -- -- -- -- 137
Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset (2) FL103092405 -- -- -- -- -- -- -- -- 138
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset (3) FL103076005 -- -- -- -- -- -- -- -- 139
Nonfinancial corporate business; other accounts receivable; asset FL103096005 -- -- -- -- -- -- -- -- 140
Nonfinancial corporate business; trade receivables; asset FL103070005 -- -- -- -- -- -- -- -- 141
Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset FL103072005 -- -- -- -- -- -- -- -- 142
Nonfinancial corporate business; other investment in finance company subsidiaries; asset FL103094705 -- -- -- -- -- -- -- -- 143
Nonfinancial corporate business; unidentified miscellaneous assets FL103093005 -- -- -- -- -- -- -- -- 144
Nonfinancial corporate business; total liabilities and net worth (IMA) FL102100085 -- -- -- -- -- -- -- -- 145
Nonfinancial corporate business; total liabilities and equity FL104194005 -- -- -- -- -- -- -- -- 146
Nonfinancial corporate business; debt securities; liability FL104122005 -- -- -- -- -- -- -- -- 147
Nonfinancial corporate business; commercial paper; liability FL103169100 -- -- -- -- -- -- -- -- 148
Nonfinancial corporate business; municipal securities; liability FL103162000 -- -- -- -- -- -- -- -- 149
Nonfinancial corporate business; corporate bonds; liability FL103163005 -- -- -- -- -- -- -- -- 150
Nonfinancial corporate business; loans including foreign direct investment intercompany debt; liability FL104135005 -- -- -- -- -- -- -- -- 151
Nonfinancial corporate business; short-term loans; liability FL104141005 -- -- -- -- -- -- -- -- 152
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 -- -- -- -- -- -- -- -- 153
Nonfinancial corporate business; other loans and advances; liability FL103169005 -- -- -- -- -- -- -- -- 154
Nonfinancial corporate business; long-term loans; liability FL104142005 -- -- -- -- -- -- -- -- 155
Nonfinancial corporate business; total mortgages; liability FL103165005 -- -- -- -- -- -- -- -- 156
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM103192305 -- -- -- -- -- -- -- -- 157
Nonfinancial corporate business; equity and investment fund shares; liability FL103181005 -- -- -- -- -- -- -- -- 158
Nonfinancial corporate business; corporate equities; liability LM103164105 -- -- -- -- -- -- -- -- 159
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) FL103192105 -- -- -- -- -- -- -- -- 160
Nonfinancial corporate business; retirement entitlements; liability (IMA) FL103152025 -- -- -- -- -- -- -- -- 161
Private pension funds; pension fund contributions receivable; asset FL573074005 -- -- -- -- -- -- -- -- 162
Private defined benefit pension funds; claims of pension fund on sponsor; asset FL573073005 -- -- -- -- -- -- -- -- 163
Nonfinancial corporate business; other accounts payable; liability FL103196005 -- -- -- -- -- -- -- -- 164
Nonfinancial corporate business; trade payables; liability FL103170005 -- -- -- -- -- -- -- -- 165
Nonfinancial corporate business; total taxes payable; liability FL103178005 -- -- -- -- -- -- -- -- 166
Nonfinancial corporate business; unidentified miscellaneous liabilities FL103193005 -- -- -- -- -- -- -- -- 167
Nonfinancial corporate business; net worth (IMA) FL102090095 -- -- -- -- -- -- -- -- 168

NOTES

  1. Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
  2. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.
  3. Net equity in reserves of property-casualty insurance companies.
  4. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
  5. Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Financial Accounts of the United States.
  6. Excludes nonproduced nonfinancial assets.
Last Update: February 23, 2024