Federal Reserve Economic Data

Annual Tables

S.1.a Total Economy - Current Account

The Financial Accounts (formerly known as the Flow of Funds accounts) are a set of financial accounts used to track the sources and uses of funds by sector. They are a component of a system of macroeconomic accounts including the National Income and Product accounts (NIPA) and balance of payments accounts, all of which serve as a comprehensive set of information on the economy’s performance.(1) Some important inferences that can be drawn from the Financial accounts are the financial strength of a given sector, new economic trends, changes in the composition of wealth, and development of new financial instruments over time.(1)
Sectors are compiled into three categories: households, nonfinancial businesses, and banks. The sources of funds for a sector are its internal funds (savings from income after consumption) and external funds (loans from banks and other financial intermediaries). (1) Funds for a given sector are used for its investments in physical and financial assets. Dividing sources and uses of funds into two categories helps the staff of the Federal Reserve System pay particular attention to external sources of funds and financial uses of funds.(2) One example is whether households are borrowing more from banks—or in other words, whether household debt is rising. Another example might be whether banks are using more of their funds to provide loans to consumers. Transactions within a sector are not shown in the accounts; however, transactions between sectors are.(2) Monitoring the external flows of funds provides insights into a sector’s health and the performance of the economy as a whole.
Data for the Financial accounts are compiled from a large number of reports and publications, including regulatory reports such as those submitted by banks, tax filings, and surveys conducted by the Federal Reserve System.(2) The Financial accounts are published quarterly as a set of tables in the Federal Reserve’s Z.1 statistical release.
(1) Teplin, Albert M. “The U.S. Flow of Funds Accounts and Their Uses.” Federal Reserve Bulletin, July 2001; http://www.federalreserve.gov/pubs/bulletin/2001/0701lead.pdf.
(2) Board of Governors of the Federal Reserve System. “Guide to the Flow of Funds Accounts.” 2000, http://www.federalreserve.gov/apps/fof/.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/z1/%
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    1946    
 
 
    2024
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Gross value added (income approach) 		2024 28,992,736 Millions of Dollars 27,476,091 Millions of Dollars 27,476,091 Millions of Dollars Mil. of $
line 2
Less: Consumption of fixed capital 		2024 4,816,260 Millions of Dollars 4,587,749 Millions of Dollars 4,587,749 Millions of Dollars Mil. of $
line 3
Equals: Net value added 		2024 24,176,475 Millions of Dollars 22,888,341 Millions of Dollars 22,888,341 Millions of Dollars Mil. of $
line 4
Compensation of employees (paid) 		2024 15,040,607 Millions of Dollars 14,209,568 Millions of Dollars 14,209,568 Millions of Dollars Mil. of $
line 5
Wages and salaries 		2024 12,421,771 Millions of Dollars 11,744,625 Millions of Dollars 11,744,625 Millions of Dollars Mil. of $
line 6
Employers’ social contributions 		2024 2,618,835 Millions of Dollars 2,464,944 Millions of Dollars 2,464,944 Millions of Dollars Mil. of $
line 7
Taxes on production and imports less subsidies 		2024 1,873,621 Millions of Dollars 1,790,303 Millions of Dollars 1,790,303 Millions of Dollars Mil. of $
line 8
Operating surplus, net 		2024 7,262,248 Millions of Dollars 6,888,470 Millions of Dollars 6,888,470 Millions of Dollars Mil. of $
line 9
Plus: Income receipts from the rest of the world 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 10
Less: Income payments to the rest of the world 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 11
Equals: Net national income/Balance of primary incomes, net 		2024 24,234,693 Millions of Dollars 22,988,386 Millions of Dollars 22,988,386 Millions of Dollars Mil. of $
line 12
Operating surplus, net 		2024 7,262,248 Millions of Dollars 6,888,470 Millions of Dollars 6,888,470 Millions of Dollars Mil. of $
line 13
Compensation of employees (received) 		2024 15,019,902 Millions of Dollars 14,190,188 Millions of Dollars 14,190,188 Millions of Dollars Mil. of $
line 14
Wages and salaries 		2024 12,401,067 Millions of Dollars 11,725,244 Millions of Dollars 11,725,244 Millions of Dollars Mil. of $
line 15
Employers’ social contributions 		2024 2,618,835 Millions of Dollars 2,464,944 Millions of Dollars 2,464,944 Millions of Dollars Mil. of $
line 16
Taxes on production and imports, receivable 		2024 1,968,179 Millions of Dollars 1,893,111 Millions of Dollars 1,893,111 Millions of Dollars Mil. of $
line 17
Subsidies paid 		2024 -94,558 Millions of Dollars -102,808 Millions of Dollars -102,808 Millions of Dollars Mil. of $
line 18
Property income (received) 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 19
Interest 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 20
Distributed income of corporations 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 21
Dividends 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 22
Withdrawals from income of quasi-corporations 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 23
Reinvested earnings on U.S. direct investment abroad 		2024 329,227 Millions of Dollars 350,967 Millions of Dollars 350,967 Millions of Dollars Mil. of $
line 24
Rents on land and natural resources 		2024 34,044 Millions of Dollars 33,260 Millions of Dollars 33,260 Millions of Dollars Mil. of $
line 25
Less: Uses of property income (paid) 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 26
Interest 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 27
Distributed income of corporations 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 28
Dividends 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 29
Withdrawals from income of quasi-corporations 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 30
Reinvested earnings on foreign direct investment 		2024 217,596 Millions of Dollars 190,638 Millions of Dollars 190,638 Millions of Dollars Mil. of $
line 31
Rents on land and natural resources 		2024 34,044 Millions of Dollars 33,260 Millions of Dollars 33,260 Millions of Dollars Mil. of $
line 32
Net national income/Balance of primary incomes, net 		2024 24,234,693 Millions of Dollars 22,988,386 Millions of Dollars 22,988,386 Millions of Dollars Mil. of $
line 33
Plus: Current taxes on income, wealth, etc. (received) 		2024 3,728,134 Millions of Dollars 3,499,733 Millions of Dollars 3,499,733 Millions of Dollars Mil. of $
line 34
Less: Current taxes on income, wealth, etc. (paid) 		2024 3,708,810 Millions of Dollars 3,480,411 Millions of Dollars 3,480,411 Millions of Dollars Mil. of $
line 35
Plus: Social benefits (received) 		2024 6,310,842 Millions of Dollars 5,969,110 Millions of Dollars 5,969,110 Millions of Dollars Mil. of $
line 36
Less: Social contributions (paid) 		2024 6,338,453 Millions of Dollars 5,995,086 Millions of Dollars 5,995,086 Millions of Dollars Mil. of $
line 37
Plus: Other current transfers (received) 		2024 1,380,688 Millions of Dollars 1,328,923 Millions of Dollars 1,328,923 Millions of Dollars Mil. of $
line 38
Less: Other current transfers (paid) 		2024 1,615,211 Millions of Dollars 1,540,856 Millions of Dollars 1,540,856 Millions of Dollars Mil. of $
line 39
Equals: Disposable income, net 		2024 23,991,884 Millions of Dollars 22,769,799 Millions of Dollars 22,769,799 Millions of Dollars Mil. of $
line 40
Less: Final consumption expenditures 		2024 23,742,029 Millions of Dollars 22,546,724 Millions of Dollars 22,546,724 Millions of Dollars Mil. of $
line 41
Equals: Net saving 		2024 249,856 Millions of Dollars 223,075 Millions of Dollars 223,075 Millions of Dollars Mil. of $
Addendum:
line 42
Gross value added (line 1) 		2024 28,992,736 Millions of Dollars 27,476,091 Millions of Dollars 27,476,091 Millions of Dollars Mil. of $
line 43
Plus statistical discrepancy (NIPA) 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 44
Equals: GDP (NIPA, expenditure approach) 		2024 29,184,889 Millions of Dollars 27,720,708 Millions of Dollars 27,720,708 Millions of Dollars Mil. of $
line 45
Average of GDP and GDI 		2024 29,088,812 Millions of Dollars 27,598,400 Millions of Dollars 27,598,400 Millions of Dollars Mil. of $
line 46
Statistical discrepancy as a percentage of GDP 		2024 0.65841 Percent 0.88244 Percent 0.88244 Percent %
   

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