Current account
line 1
Gross value added
Q2 2025
3,855,461
Millions of Dollars
3,813,708
Millions of Dollars
3,668,303
Millions of Dollars
Mil. of $
line 2
Less: Consumption of fixed capital
Q2 2025
906,678
Millions of Dollars
900,960
Millions of Dollars
876,495
Millions of Dollars
Mil. of $
line 3
Equals: Net value added
Q2 2025
2,948,783
Millions of Dollars
2,912,748
Millions of Dollars
2,791,808
Millions of Dollars
Mil. of $
line 4
Compensation paid by households and NPISHs
Q2 2025
1,345,297
Millions of Dollars
1,335,003
Millions of Dollars
1,286,128
Millions of Dollars
Mil. of $
line 5
Taxes on production and imports less subsidies
Q2 2025
276,716
Millions of Dollars
272,738
Millions of Dollars
267,911
Millions of Dollars
Mil. of $
line 6
Operating surplus, net
Q2 2025
1,326,770
Millions of Dollars
1,305,007
Millions of Dollars
1,237,769
Millions of Dollars
Mil. of $
line 7
Net national income/Balance of primary incomes, net
Q2 2025
22,255,984
Millions of Dollars
22,055,457
Millions of Dollars
21,387,851
Millions of Dollars
Mil. of $
line 8
Operating surplus, net
Q2 2025
1,326,770
Millions of Dollars
1,305,007
Millions of Dollars
1,237,769
Millions of Dollars
Mil. of $
line 9
Compensation of employees (received)
Q2 2025
15,666,851
Millions of Dollars
15,475,986
Millions of Dollars
14,945,626
Millions of Dollars
Mil. of $
line 10
Wages and salaries
Q2 2025
12,918,579
Millions of Dollars
12,767,010
Millions of Dollars
12,343,029
Millions of Dollars
Mil. of $
line 11
Employers’ social contributions
Q2 2025
2,748,272
Millions of Dollars
2,708,976
Millions of Dollars
2,602,597
Millions of Dollars
Mil. of $
line 12
Property income received, net
Q2 2025
5,262,363
Millions of Dollars
5,274,464
Millions of Dollars
5,204,456
Millions of Dollars
Mil. of $
line 13
Net national income/Balance of primary incomes, net
Q2 2025
22,255,984
Millions of Dollars
22,055,457
Millions of Dollars
21,387,851
Millions of Dollars
Mil. of $
line 14
Less: Current taxes on income, wealth, etc. (paid)
Q2 2025
3,244,340
Millions of Dollars
3,192,334
Millions of Dollars
3,005,389
Millions of Dollars
Mil. of $
line 15
Plus: Social benefits (received)
Q2 2025
4,780,561
Millions of Dollars
4,628,623
Millions of Dollars
4,380,051
Millions of Dollars
Mil. of $
line 16
Less: Social contributions (paid)
Q2 2025
1,975,458
Millions of Dollars
1,955,252
Millions of Dollars
1,889,868
Millions of Dollars
Mil. of $
line 17
Plus: Other current transfers (received)
Q2 2025
143,314
Millions of Dollars
148,014
Millions of Dollars
132,281
Millions of Dollars
Mil. of $
line 18
Less: Other current transfers (paid)
Q2 2025
270,347
Millions of Dollars
259,523
Millions of Dollars
261,105
Millions of Dollars
Mil. of $
line 19
Equals: Disposable income, net
Q2 2025
21,689,714
Millions of Dollars
21,424,985
Millions of Dollars
20,743,821
Millions of Dollars
Mil. of $
line 20
Less: Final consumption expenditures
Q2 2025
20,643,893
Millions of Dollars
20,461,602
Millions of Dollars
19,682,699
Millions of Dollars
Mil. of $
line 21
Equals: Net saving
Q2 2025
1,045,821
Millions of Dollars
963,383
Millions of Dollars
1,061,122
Millions of Dollars
Mil. of $
Capital account
line 22
Net saving less capital transfers
Q2 2025
1,021,180
Millions of Dollars
1,040,915
Millions of Dollars
1,086,704
Millions of Dollars
Mil. of $
line 23
Net saving
Q2 2025
1,045,821
Millions of Dollars
963,383
Millions of Dollars
1,061,122
Millions of Dollars
Mil. of $
line 24
Less: Capital transfers paid (net)
Q2 2025
24,641
Millions of Dollars
-77,532
Millions of Dollars
-25,582
Millions of Dollars
Mil. of $
line 25
Capital formation, net
Q2 2025
368,947
Millions of Dollars
380,169
Millions of Dollars
363,916
Millions of Dollars
Mil. of $
line 26
Gross fixed capital formation, excluding consumer durables
Q2 2025
1,289,641
Millions of Dollars
1,294,798
Millions of Dollars
1,254,049
Millions of Dollars
Mil. of $
line 27
Residential
Q2 2025
983,589
Millions of Dollars
992,480
Millions of Dollars
965,867
Millions of Dollars
Mil. of $
line 28
Nonresidential (nonprofit organizations)
Q2 2025
306,052
Millions of Dollars
302,318
Millions of Dollars
288,182
Millions of Dollars
Mil. of $
line 29
Less: Consumption of fixed capital
Q2 2025
906,678
Millions of Dollars
900,960
Millions of Dollars
876,495
Millions of Dollars
Mil. of $
line 30
Acquisition of nonproduced nonfinancial assets
Q2 2025
-14,016
Millions of Dollars
-13,669
Millions of Dollars
-13,638
Millions of Dollars
Mil. of $
line 31
Net lending (+) or borrowing (-), capital account (lines 22-25)
Q2 2025
652,233
Millions of Dollars
660,746
Millions of Dollars
722,788
Millions of Dollars
Mil. of $
Financial account
line 32
Net lending (+) or borrowing (-) (line 31)
Q2 2025
652,233
Millions of Dollars
660,746
Millions of Dollars
722,788
Millions of Dollars
Mil. of $
line 33
Net acquisition of financial assets
Q2 2025
1,115,934
Millions of Dollars
2,957,844
Millions of Dollars
2,240,424
Millions of Dollars
Mil. of $
line 34
Currency and deposits
Q2 2025
860,845
Millions of Dollars
917,049
Millions of Dollars
-98,661
Millions of Dollars
Mil. of $
line 35
Currency and transferable deposits
Q2 2025
514,112
Millions of Dollars
869,493
Millions of Dollars
-450,581
Millions of Dollars
Mil. of $
line 36
Foreign deposits
Q2 2025
1,186
Millions of Dollars
3,088
Millions of Dollars
4,548
Millions of Dollars
Mil. of $
line 37
Time and savings deposits
Q2 2025
345,547
Millions of Dollars
44,468
Millions of Dollars
347,372
Millions of Dollars
Mil. of $
line 38
Postal savings system deposits
Q2 2025
0
Millions of Dollars
0
Millions of Dollars
0
Millions of Dollars
Mil. of $
line 39
Debt securities
Q2 2025
-20,929
Millions of Dollars
-77,923
Millions of Dollars
709,467
Millions of Dollars
Mil. of $
line 40
Treasury securities
Q2 2025
292,764
Millions of Dollars
260,681
Millions of Dollars
439,789
Millions of Dollars
Mil. of $
line 41
Agency- and GSE-backed securities
Q2 2025
-125,868
Millions of Dollars
-429,141
Millions of Dollars
51,335
Millions of Dollars
Mil. of $
line 42
Municipal securities
Q2 2025
264,230
Millions of Dollars
95,584
Millions of Dollars
231,603
Millions of Dollars
Mil. of $
line 43
Corporate and foreign bonds
Q2 2025
-452,055
Millions of Dollars
-5,047
Millions of Dollars
-13,261
Millions of Dollars
Mil. of $
line 44
Loans
Q2 2025
73,118
Millions of Dollars
356,048
Millions of Dollars
-160,419
Millions of Dollars
Mil. of $
line 45
Short term
Q2 2025
77,454
Millions of Dollars
361,004
Millions of Dollars
-157,487
Millions of Dollars
Mil. of $
line 46
Long term (mortgages)
Q2 2025
-4,336
Millions of Dollars
-4,956
Millions of Dollars
-2,932
Millions of Dollars
Mil. of $
line 47
Equity and investment fund shares
Q2 2025
-323,799
Millions of Dollars
1,315,520
Millions of Dollars
1,169,992
Millions of Dollars
Mil. of $
line 48
Corporate equities
Q2 2025
-207,488
Millions of Dollars
1,078,929
Millions of Dollars
1,198,088
Millions of Dollars
Mil. of $
line 49
Mutual fund shares
Q2 2025
-319,610
Millions of Dollars
-386,891
Millions of Dollars
-492,866
Millions of Dollars
Mil. of $
line 50
Money market fund shares
Q2 2025
287,374
Millions of Dollars
613,170
Millions of Dollars
427,099
Millions of Dollars
Mil. of $
line 51
Equity in noncorporate business
Q2 2025
-84,076
Millions of Dollars
10,312
Millions of Dollars
37,670
Millions of Dollars
Mil. of $
line 52
Equity investment under Public-Private Inv. Program
Q2 2025
0
Millions of Dollars
0
Millions of Dollars
0
Millions of Dollars
Mil. of $
line 53
Insurance, pension and standardized guarantee schemes
Q2 2025
492,119
Millions of Dollars
412,569
Millions of Dollars
585,173
Millions of Dollars
Mil. of $
line 54
Insurance receivables due from property-casualty insurance companies
Q2 2025
41,608
Millions of Dollars
80,420
Millions of Dollars
78,716
Millions of Dollars
Mil. of $
line 55
Life insurance reserves
Q2 2025
73,620
Millions of Dollars
47,088
Millions of Dollars
49,928
Millions of Dollars
Mil. of $
line 56
Pension entitlements
Q2 2025
345,099
Millions of Dollars
267,396
Millions of Dollars
447,854
Millions of Dollars
Mil. of $
line 57
Non-life insurance reserves at life insurance companies
Q2 2025
15,388
Millions of Dollars
-112
Millions of Dollars
-19,948
Millions of Dollars
Mil. of $
line 58
Retiree Health Care Funds
Q2 2025
16,404
Millions of Dollars
17,777
Millions of Dollars
28,623
Millions of Dollars
Mil. of $
line 59
Other accounts receivable (trade receivables)
Q2 2025
34,580
Millions of Dollars
34,580
Millions of Dollars
34,872
Millions of Dollars
Mil. of $
line 60
Net incurrence of liabilities
Q2 2025
798,962
Millions of Dollars
407,828
Millions of Dollars
595,954
Millions of Dollars
Mil. of $
line 61
Debt securities (municipals)
Q2 2025
23,248
Millions of Dollars
8,264
Millions of Dollars
14,308
Millions of Dollars
Mil. of $
line 62
Loans
Q2 2025
747,378
Millions of Dollars
357,848
Millions of Dollars
551,530
Millions of Dollars
Mil. of $
line 63
Short term
Q2 2025
296,969
Millions of Dollars
43,446
Millions of Dollars
119,091
Millions of Dollars
Mil. of $
line 64
Consumer credit
Q2 2025
140,349
Millions of Dollars
58,298
Millions of Dollars
53,335
Millions of Dollars
Mil. of $
line 65
Depository institution loans n.e.c.
Q2 2025
696
Millions of Dollars
-19,892
Millions of Dollars
-14,920
Millions of Dollars
Mil. of $
line 66
Other loans and advances
Q2 2025
155,924
Millions of Dollars
5,040
Millions of Dollars
80,676
Millions of Dollars
Mil. of $
line 67
Long term (mortgages)
Q2 2025
450,409
Millions of Dollars
314,402
Millions of Dollars
432,439
Millions of Dollars
Mil. of $
line 68
Insurance, pension and standardized guarantee schemes
Q2 2025
-1,708
Millions of Dollars
11,672
Millions of Dollars
224
Millions of Dollars
Mil. of $
line 69
Other accounts payable (trade debt)
Q2 2025
30,044
Millions of Dollars
30,044
Millions of Dollars
29,892
Millions of Dollars
Mil. of $
Addendum:
line 70
Net lending (+) or borrowing (-), financial account (lines 33-60)
Q2 2025
316,971
Millions of Dollars
2,550,016
Millions of Dollars
1,644,470
Millions of Dollars
Mil. of $
Other changes in volume account
line 71
Total other volume changes
Q2 2025
-16,773
Millions of Dollars
376,570
Millions of Dollars
-116,531
Millions of Dollars
Mil. of $
line 72
Net investment in consumer durable goods
Q2 2025
90,079
Millions of Dollars
89,313
Millions of Dollars
83,612
Millions of Dollars
Mil. of $
line 73
Disaster losses
Q2 2025
3,504
Millions of Dollars
-25,583
Millions of Dollars
3,410
Millions of Dollars
Mil. of $
line 74
Other volume changes
Q2 2025
209,151
Millions of Dollars
-1,753
Millions of Dollars
-217,969
Millions of Dollars
Mil. of $
line 75
Less: Statistical discrepancy ((lines 31-70)/4)
Q2 2025
319,507
Millions of Dollars
-314,593
Millions of Dollars
-14,416
Millions of Dollars
Mil. of $
Revaluation account
line 76
Nonfinancial assets
.
.
Millions of Dollars
.
Millions of Dollars
.
Millions of Dollars
Mil. of $
line 77
Real estate
Q2 2025
1,152,195
Millions of Dollars
-273,113
Millions of Dollars
1,759,837
Millions of Dollars
Mil. of $
line 78
Consumer durable goods
Q2 2025
81,584
Millions of Dollars
35,966
Millions of Dollars
-34,028
Millions of Dollars
Mil. of $
line 79
Equipment
Q2 2025
5,730
Millions of Dollars
2,073
Millions of Dollars
3,830
Millions of Dollars
Mil. of $
line 80
Intellectual property products
Q2 2025
-240
Millions of Dollars
962
Millions of Dollars
2,897
Millions of Dollars
Mil. of $
line 81
Financial assets
.
.
Millions of Dollars
.
Millions of Dollars
.
Millions of Dollars
Mil. of $
line 82
Debt securities
Q2 2025
-6,623
Millions of Dollars
54,534
Millions of Dollars
-14,296
Millions of Dollars
Mil. of $
line 83
Corporate equities
Q2 2025
3,704,965
Millions of Dollars
-1,793,747
Millions of Dollars
802,595
Millions of Dollars
Mil. of $
line 84
Mutual fund shares
Q2 2025
911,610
Millions of Dollars
-203,455
Millions of Dollars
131,512
Millions of Dollars
Mil. of $
line 85
Equity in noncorporate business
Q2 2025
-5,548
Millions of Dollars
-13,350
Millions of Dollars
133,052
Millions of Dollars
Mil. of $
line 86
Equity investment under Public-Private Inv. Program
Q2 2025
0
Millions of Dollars
0
Millions of Dollars
0
Millions of Dollars
Mil. of $
line 87
Insurance, pension and standardized guarantee schemes
Q2 2025
1,016,713
Millions of Dollars
-330,635
Millions of Dollars
186,518
Millions of Dollars
Mil. of $
line 88
Changes in net worth due to nominal holding gains/losses
.
.
Millions of Dollars
.
Millions of Dollars
.
Millions of Dollars
Mil. of $
Changes in balance sheet account
line 89
Change in net worth ((lines 25+31)/4 + lines 71+88)
Q2 2025
7,086,227
Millions of Dollars
-1,726,053
Millions of Dollars
3,104,488
Millions of Dollars
Mil. of $
Balance sheet account (end of period)
line 90
Total assets
Q2 2025
197,279.525
Billions of Dollars
190,010.236
Billions of Dollars
186,833.648
Billions of Dollars
Bil. of $
line 91
Nonfinancial assets
Q2 2025
62,689,730
Millions of Dollars
61,267,772
Millions of Dollars
61,799,532
Millions of Dollars
Mil. of $
line 92
Real estate
Q2 2025
53,224.213
Billions of Dollars
51,988.584
Billions of Dollars
52,855.140
Billions of Dollars
Bil. of $
line 93
Consumer durable goods
Q2 2025
8,471,120
Millions of Dollars
8,299,458
Millions of Dollars
8,002,750
Millions of Dollars
Mil. of $
line 94
Equipment
Q2 2025
709,595
Millions of Dollars
697,856
Millions of Dollars
674,838
Millions of Dollars
Mil. of $
line 95
Intellectual property products
Q2 2025
284,802
Millions of Dollars
281,874
Millions of Dollars
266,804
Millions of Dollars
Mil. of $
line 96
Financial assets
Q2 2025
134,589.795
Billions of Dollars
128,742.464
Billions of Dollars
125,034.116
Billions of Dollars
Bil. of $
line 97
Currency and deposits
Q2 2025
14,794,866
Millions of Dollars
14,807,951
Millions of Dollars
14,270,077
Millions of Dollars
Mil. of $
line 98
Currency and transferable deposits
Q2 2025
4,890.857
Billions of Dollars
4,884.860
Billions of Dollars
4,517.117
Billions of Dollars
Bil. of $
line 99
Foreign deposits
Q2 2025
57,663
Millions of Dollars
57,367
Millions of Dollars
54,331
Millions of Dollars
Mil. of $
line 100
Time and savings deposits
Q2 2025
9,846.346
Billions of Dollars
9,865.724
Billions of Dollars
9,698.629
Billions of Dollars
Bil. of $
line 101
Postal savings system deposits
Q2 2025
0
Millions of Dollars
0
Millions of Dollars
0
Millions of Dollars
Mil. of $
line 102
Debt securities
Q2 2025
5,876,576
Millions of Dollars
5,783,696
Millions of Dollars
5,600,075
Millions of Dollars
Mil. of $
line 103
Treasury securities
Q2 2025
2,751,044
Millions of Dollars
2,692,708
Millions of Dollars
2,498,453
Millions of Dollars
Mil. of $
line 104
Agency- and GSE-backed securities
Q2 2025
909,786
Millions of Dollars
908,925
Millions of Dollars
948,195
Millions of Dollars
Mil. of $
line 105
Municipal securities
Q2 2025
1,971,999
Millions of Dollars
1,940,605
Millions of Dollars
1,918,440
Millions of Dollars
Mil. of $
line 106
Corporate and foreign bonds
Q2 2025
243,747
Millions of Dollars
241,458
Millions of Dollars
234,987
Millions of Dollars
Mil. of $
line 107
Loans
Q2 2025
1,216,025
Millions of Dollars
1,224,792
Millions of Dollars
1,333,764
Millions of Dollars
Mil. of $
line 108
Short term
Q2 2025
1,147,967
Millions of Dollars
1,155,650
Millions of Dollars
1,261,124
Millions of Dollars
Mil. of $
line 109
Long term (mortgages)
Q2 2025
68.058
Billions of Dollars
69.142
Billions of Dollars
72.640
Billions of Dollars
Bil. of $
line 110
Equity and investment fund shares
Q2 2025
74,949,481
Millions of Dollars
70,319,583
Millions of Dollars
67,896,303
Millions of Dollars
Mil. of $
line 111
Corporate equities
Q2 2025
41,789.781
Billions of Dollars
38,056.012
Billions of Dollars
36,284.023
Billions of Dollars
Bil. of $
line 112
Mutual fund shares
Q2 2025
12,758.887
Billions of Dollars
11,920.203
Billions of Dollars
11,893.040
Billions of Dollars
Bil. of $
line 113
Money market fund shares
Q2 2025
4,876.475
Billions of Dollars
4,820.097
Billions of Dollars
4,194.263
Billions of Dollars
Bil. of $
line 114
Equity in noncorporate business
Q2 2025
15,524,338
Millions of Dollars
15,523,271
Millions of Dollars
15,524,977
Millions of Dollars
Mil. of $
line 115
Equity investment under Public-Private Inv. Program
Q2 2025
0
Millions of Dollars
0
Millions of Dollars
0
Millions of Dollars
Mil. of $
line 116
Insurance, pension and standardized guarantee schemes
Q2 2025
37,291,615
Millions of Dollars
36,153,855
Millions of Dollars
35,507,391
Millions of Dollars
Mil. of $
line 117
Insurance receivables due from property-casualty insurance companies
Q2 2025
863,066
Millions of Dollars
852,664
Millions of Dollars
810,224
Millions of Dollars
Mil. of $
line 118
Life insurance reserves
Q2 2025
2,214.409
Billions of Dollars
2,165.076
Billions of Dollars
2,121.666
Billions of Dollars
Bil. of $
line 119
Pension entitlements
Q2 2025
33,334,110
Millions of Dollars
32,261,900
Millions of Dollars
31,728,600
Millions of Dollars
Mil. of $
line 120
Non-life insurance reserves at life insurance companies
Q2 2025
441,096
Millions of Dollars
436,614
Millions of Dollars
430,778
Millions of Dollars
Mil. of $
line 121
Retiree Health Care Funds
Q2 2025
438,934
Millions of Dollars
437,601
Millions of Dollars
416,123
Millions of Dollars
Mil. of $
line 122
Other accounts receivable (trade receivables)
Q2 2025
461,232
Millions of Dollars
452,587
Millions of Dollars
426,506
Millions of Dollars
Mil. of $
line 123
Total liabilities and net worth
Q2 2025
197,279,525
Millions of Dollars
190,010,236
Millions of Dollars
186,833,648
Millions of Dollars
Mil. of $
line 124
Liabilities
Q2 2025
20,986.621
Billions of Dollars
20,803.559
Billions of Dollars
20,674.146
Billions of Dollars
Bil. of $
line 125
Debt securities (municipals)
Q2 2025
223.060
Billions of Dollars
217.248
Billions of Dollars
212.835
Billions of Dollars
Bil. of $
line 126
Loans
Q2 2025
20,148,926
Millions of Dollars
19,978,760
Millions of Dollars
19,877,645
Millions of Dollars
Mil. of $
line 127
Short term
Q2 2025
6,135,354
Millions of Dollars
6,075,853
Millions of Dollars
6,245,057
Millions of Dollars
Mil. of $
line 128
Consumer credit
Q2 2025
4,997.731
Billions of Dollars
4,965.385
Billions of Dollars
4,980.877
Billions of Dollars
Bil. of $
line 129
Depository institution loans n.e.c.
Q2 2025
270.123
Billions of Dollars
281.949
Billions of Dollars
482.576
Billions of Dollars
Bil. of $
line 130
Other loans and advances
Q2 2025
867.500
Billions of Dollars
828.519
Billions of Dollars
781.604
Billions of Dollars
Bil. of $
line 131
Long term (mortgages)
Q2 2025
14,013,572
Millions of Dollars
13,902,907
Millions of Dollars
13,632,588
Millions of Dollars
Mil. of $
line 132
Insurance, pension and standardized guarantee schemes
Q2 2025
42.021
Billions of Dollars
42.448
Billions of Dollars
41.020
Billions of Dollars
Bil. of $
line 133
Other accounts payable (trade debt)
Q2 2025
572,614
Millions of Dollars
565,103
Millions of Dollars
542,646
Millions of Dollars
Mil. of $
line 134
Net worth
Q2 2025
176,292.904
Billions of Dollars
169,206.677
Billions of Dollars
166,159.502
Billions of Dollars
Bil. of $