|
|
Current Account
|
|
|
|
|
|
1 |
Gross value added
|
2021
|
2,046,101
|
1,827,533
|
1,827,533
|
|
2 |
Less: Consumption of fixed capital
|
2021
|
285,982
|
266,846
|
266,846
|
|
3 |
Equals: Net value added
|
2021
|
1,760,119
|
1,560,687
|
1,560,687
|
|
4 |
Compensation of employees (paid)
|
2021
|
991,937
|
910,470
|
910,470
|
|
5 |
Wages and salaries
|
2021
|
859,741
|
787,544
|
787,544
|
|
6 |
Employers’ social contributions
|
2021
|
132,196
|
122,926
|
122,926
|
|
7 |
Taxes on production and imports less subsidies
|
2021
|
72,220
|
75,172
|
75,172
|
|
8 |
Operating surplus, net
|
2021
|
695,962
|
575,045
|
575,045
|
|
9 |
Net national income/Balance of primary incomes, net
|
2021
|
233,812
|
128,261
|
128,261
|
|
10 |
Operating surplus, net
|
2021
|
695,962
|
575,045
|
575,045
|
|
11 |
Property income (received)
|
2021
|
2,344,210
|
2,468,067
|
2,468,067
|
|
12 |
Interest
|
2021
|
1,594,248
|
1,806,173
|
1,806,173
|
|
13 |
Distributed income of corporations (dividends)
|
2021
|
685,923
|
628,920
|
628,920
|
|
14 |
Reinvested earnings on U.S. direct investment abroad
|
2021
|
64,038
|
32,974
|
32,974
|
|
15 |
Less: Uses of property income (paid)
|
2021
|
2,806,360
|
2,914,851
|
2,914,851
|
|
16 |
Interest
|
2021
|
1,657,484
|
1,836,467
|
1,836,467
|
|
17 |
Distributed income of corporations
|
2021
|
1,118,046
|
1,066,327
|
1,066,327
|
|
18 |
Dividends
|
2021
|
1,045,330
|
1,000,344
|
1,000,344
|
|
19 |
Withdrawals from income of quasi-corporations
|
2021
|
72,716
|
65,983
|
65,983
|
|
20 |
Reinvested earnings on foreign direct investment
|
2021
|
30,830
|
12,057
|
12,057
|
|
21 |
Rents on land and natural resources
|
2021
|
0
|
0
|
0
|
|
22 |
Net national income/Balance of primary incomes, net
|
2021
|
233,812
|
128,261
|
128,261
|
|
23 |
Less: Current taxes on income, wealth, etc. (paid)
|
2021
|
107,320
|
84,895
|
84,895
|
|
24 |
Less: Other current transfers (paid)
|
2021
|
50,276
|
36,576
|
36,576
|
|
25 |
Equals: Disposable income, net
|
.
|
.
|
.
|
.
|
|
26 |
Equals: Net saving
|
.
|
.
|
.
|
.
|
|
|
Capital account
|
|
|
|
|
|
27 |
Net saving less capital transfers
|
2021
|
53,557
|
6,791
|
6,791
|
|
28 |
Net saving
|
.
|
.
|
.
|
.
|
|
29 |
Less: Capital transfers paid (net)
|
2021
|
22,661
|
0
|
0
|
|
30 |
Capital formation, net
|
2021
|
37,122
|
30,304
|
30,304
|
|
31 |
Gross fixed capital formation (nonresidential)
|
2021
|
323,104
|
297,150
|
297,150
|
|
32 |
Less: Consumption of fixed capital
|
2021
|
285,982
|
266,846
|
266,846
|
|
33 |
Net lending (+) or borrowing (-), capital account (lines 27-30)
|
.
|
.
|
.
|
.
|
|
|
Financial account
|
|
|
|
|
|
34 |
Net lending (+) or borrowing (-) (line 33)
|
.
|
.
|
.
|
.
|
|
35 |
Net acquisition of financial assets
|
2021
|
7,513,633
|
9,831,934
|
9,831,934
|
|
36 |
Monetary gold
|
2021
|
0
|
0
|
0
|
|
37 |
Currency and deposits
|
2021
|
602,204
|
1,706,670
|
1,706,670
|
|
38 |
Debt securities
|
2021
|
3,084,480
|
6,429,132
|
6,429,132
|
|
39 |
Open market paper
|
2021
|
19,220
|
-45,009
|
-45,009
|
|
40 |
Treasury securities
|
2021
|
1,320,745
|
4,561,465
|
4,561,465
|
|
41 |
Agency- and GSE-backed securities
|
2021
|
641,759
|
1,017,684
|
1,017,684
|
|
42 |
Municipal securities
|
2021
|
173,969
|
117,246
|
117,246
|
|
43 |
Corporate and foreign bonds
|
2021
|
928,787
|
777,746
|
777,746
|
|
44 |
Loans
|
2021
|
2,854,177
|
892,169
|
892,169
|
|
45 |
Short term
|
2021
|
1,632,138
|
157,891
|
157,891
|
|
46 |
Long term (mortgages)
|
2021
|
1,230,358
|
743,232
|
743,232
|
|
47 |
Equity and investment fund shares
|
2021
|
134,814
|
-122,551
|
-122,551
|
|
48 |
Corporate equities
|
2021
|
86,149
|
-372,347
|
-372,347
|
|
49 |
Mutual fund shares
|
2021
|
-328,917
|
-52,229
|
-52,229
|
|
50 |
Money market fund shares
|
2021
|
198,705
|
171,430
|
171,430
|
|
51 |
Equity in government-sponsored enterprises
|
2021
|
-2,333
|
-7,097
|
-7,097
|
|
52 |
U.S. direct investment abroad
|
2021
|
70,747
|
49,375
|
49,375
|
|
53 |
Stock in Federal Reserve Banks
|
2021
|
1,501
|
678
|
678
|
|
54 |
Investment in subsidiaries
|
2021
|
186,490
|
78,219
|
78,219
|
|
55 |
Insurance, pension and standardized guarantee schemes
|
2021
|
370,033
|
373,126
|
373,126
|
|
56 |
Other accounts receivable
|
2021
|
467,926
|
553,389
|
553,389
|
|
57 |
Net incurrence of liabilities
|
2021
|
6,253,325
|
9,181,475
|
9,181,475
|
|
58 |
Currency and deposits
|
2021
|
1,753,001
|
6,597,659
|
6,597,659
|
|
59 |
Debt securities
|
2021
|
799,120
|
951,741
|
951,741
|
|
60 |
Agency- and GSE-backed securities
|
2021
|
612,890
|
658,208
|
658,208
|
|
61 |
Corporate bonds
|
2021
|
232,392
|
270,552
|
270,552
|
|
62 |
Commercial paper
|
2021
|
-46,162
|
22,981
|
22,981
|
|
63 |
Loans
|
2021
|
1,858,869
|
-147,179
|
-147,179
|
|
64 |
Short term
|
2021
|
1,863,123
|
-155,051
|
-155,051
|
|
65 |
Long term (mortgages)
|
2021
|
-9,146
|
1,759
|
1,759
|
|
66 |
Equity and investment fund shares
|
2021
|
1,543,515
|
1,236,147
|
1,236,147
|
|
67 |
Money market fund shares
|
2021
|
439,535
|
763,454
|
763,454
|
|
68 |
Corporate equity issues
|
2021
|
843,846
|
499,366
|
499,366
|
|
69 |
Mutual fund shares
|
2021
|
215,720
|
-229,077
|
-229,077
|
|
70 |
Equity in government-sponsored enterprises
|
2021
|
-903
|
-6,793
|
-6,793
|
|
71 |
Foreign direct investment in the United States
|
2021
|
25,037
|
15,088
|
15,088
|
|
72 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
73 |
Investment by parent
|
2021
|
180,535
|
84,461
|
84,461
|
|
74 |
Stock in Federal Reserve Banks
|
2021
|
1,501
|
678
|
678
|
|
75 |
Insurance, pension and standardized guarantee schemes
|
2021
|
568,624
|
733,909
|
733,909
|
|
76 |
Other accounts payable
|
2021
|
609,957
|
324,398
|
324,398
|
|
|
Addendum:
|
|
|
|
|
|
77 |
Net lending (+) or borrowing (-), financial account (lines 35-57)
|
2021
|
380,548
|
135,259
|
135,259
|
|
|
Other changes in volume account
|
|
|
|
|
|
78 |
Total other volume changes
|
2021
|
455,382
|
251,766
|
251,766
|
|
79 |
Disaster losses
|
2021
|
-444
|
0
|
0
|
|
80 |
Other volume changes
|
2021
|
91,713
|
92,995
|
92,995
|
|
81 |
Less: Statistical discrepancy (lines 33-77)
|
2021
|
-364,113
|
-158,771
|
-158,771
|
|
|
Revaluation account
|
|
|
|
|
|
82 |
Nonfinancial assets
|
2021
|
252,811
|
25,857
|
25,857
|
|
83 |
Structures (nonresidential)
|
2021
|
211,236
|
19,794
|
19,794
|
|
84 |
Equipment
|
2021
|
43,408
|
4,172
|
4,172
|
|
85 |
Intellectual property products
|
2021
|
-1,834
|
1,891
|
1,891
|
|
86 |
Financial assets
|
2021
|
4,326,276
|
4,541,687
|
4,541,687
|
|
87 |
Debt securities
|
2021
|
-1,001,417
|
848,819
|
848,819
|
|
88 |
Corporate equities
|
2021
|
5,189,174
|
3,578,942
|
3,578,942
|
|
89 |
Mutual fund shares
|
2021
|
956,627
|
815,042
|
815,042
|
|
90 |
U.S. direct investment abroad
|
2021
|
202,258
|
82,324
|
82,324
|
|
91 |
Insurance, pension, and standardized guarantee schemes
|
2021
|
-1,020,366
|
-783,440
|
-783,440
|
|
92 |
Liabilities
|
2021
|
7,616,956
|
4,065,949
|
4,065,949
|
|
93 |
Corporate equity issues
|
2021
|
3,370,845
|
425,293
|
425,293
|
|
94 |
Mutual fund shares
|
2021
|
2,430,485
|
2,132,116
|
2,132,116
|
|
95 |
Foreign direct investment in the United States
|
2021
|
293,932
|
225,356
|
225,356
|
|
96 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
97 |
Investment by parent
|
2021
|
0
|
0
|
0
|
|
98 |
Insurance, pension and standardized guarantee schemes
|
2021
|
1,521,694
|
1,283,184
|
1,283,184
|
|
99 |
Changes in net worth due to nominal holding gains/losses
|
2021
|
-3,037,869
|
501,595
|
501,595
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
100 |
Change in net worth (lines 30+33+78+99)
|
2021
|
-2,528,930
|
760,152
|
760,152
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
101 |
Total assets
|
2021
|
137,926,067
|
125,469,084
|
125,469,084
|
|
102 |
Nonfinancial assets
|
2021
|
2,471,618
|
2,182,129
|
2,182,129
|
|
103 |
Structures (nonresidential)
|
2021
|
1,459,953
|
1,243,655
|
1,243,655
|
|
104 |
Equipment
|
2021
|
697,787
|
655,805
|
655,805
|
|
105 |
Intellectual property products
|
2021
|
313,878
|
282,669
|
282,669
|
|
106 |
Financial assets
|
2021
|
135,454,449
|
123,286,955
|
123,286,955
|
|
107 |
Monetary gold
|
2021
|
11,037
|
11,037
|
11,037
|
|
108 |
Currency and deposits
|
2021
|
5,357,476
|
4,757,415
|
4,757,415
|
|
109 |
Debt securities
|
2021
|
38,275,284
|
36,105,616
|
36,105,616
|
|
110 |
Open market paper
|
2021
|
616,935
|
511,176
|
511,176
|
|
111 |
Treasury securities
|
2021
|
15,700,948
|
14,727,693
|
14,727,693
|
|
112 |
Agency- and GSE-backed securities
|
2021
|
8,844,077
|
8,412,601
|
8,412,601
|
|
113 |
Municipal securities
|
2021
|
2,469,541
|
2,316,468
|
2,316,468
|
|
114 |
Corporate and foreign bonds
|
2021
|
10,643,783
|
10,137,678
|
10,137,678
|
|
115 |
Loans
|
2021
|
31,930,441
|
29,063,671
|
29,063,671
|
|
116 |
Short term
|
2021
|
14,466,023
|
12,833,887
|
12,833,887
|
|
117 |
Long term (mortgages)
|
2021
|
17,461,577
|
16,218,624
|
16,218,624
|
|
118 |
Equity and investment fund shares
|
2021
|
44,462,831
|
38,006,210
|
38,006,210
|
|
119 |
Corporate equities
|
2021
|
31,165,792
|
25,900,469
|
25,900,469
|
|
120 |
Mutual fund shares
|
2021
|
7,716,399
|
7,088,689
|
7,088,689
|
|
121 |
Money market fund shares
|
2021
|
1,256,516
|
1,057,811
|
1,057,811
|
|
122 |
Equity in government-sponsored enterprises
|
2021
|
25,065
|
27,398
|
27,398
|
|
123 |
U.S. direct investment abroad
|
2021
|
1,707,584
|
1,443,067
|
1,443,067
|
|
124 |
Stock in Federal Reserve Banks
|
2021
|
33,877
|
32,376
|
32,376
|
|
125 |
Investment in subsidiaries
|
2021
|
3,578,509
|
3,399,783
|
3,399,783
|
|
126 |
Insurance, pension and standardized guarantee schemes
|
2021
|
7,410,770
|
7,990,560
|
7,990,560
|
|
127 |
Other accounts receivable
|
2021
|
8,006,611
|
7,352,446
|
7,352,446
|
|
128 |
Total liabilities and net worth
|
2021
|
137,926,067
|
125,469,084
|
125,469,084
|
|
129 |
Liabilities
|
2021
|
141,452,899
|
126,466,985
|
126,466,985
|
|
130 |
Currency and deposits
|
2021
|
27,905,304
|
26,152,303
|
26,152,303
|
|
131 |
Debt securities
|
2021
|
15,764,617
|
14,971,343
|
14,971,343
|
|
132 |
Agency- and GSE-backed securities
|
2021
|
10,679,356
|
10,066,466
|
10,066,466
|
|
133 |
Corporate bonds
|
2021
|
4,555,846
|
4,329,300
|
4,329,300
|
|
134 |
Commercial paper
|
2021
|
529,415
|
575,577
|
575,577
|
|
135 |
Loans
|
2021
|
7,169,692
|
5,289,547
|
5,289,547
|
|
136 |
Short term
|
2021
|
6,751,811
|
4,889,913
|
4,889,913
|
|
137 |
Long term (mortgages)
|
2021
|
247,391
|
226,071
|
226,071
|
|
138 |
Equity and investment fund shares
|
2021
|
48,563,015
|
40,944,685
|
40,944,685
|
|
139 |
Money market fund shares
|
2021
|
5,205,455
|
4,765,920
|
4,765,920
|
|
140 |
Corporate equity issues
|
2021
|
16,624,859
|
12,410,168
|
12,410,168
|
|
141 |
Mutual fund shares
|
2021
|
22,208,761
|
19,562,556
|
19,562,556
|
|
142 |
Equity in government-sponsored enterprises
|
2021
|
40,869
|
41,772
|
41,772
|
|
143 |
Foreign direct investment in the United States
|
.
|
.
|
.
|
.
|
|
144 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
145 |
Investment by parent
|
2021
|
3,429,574
|
3,256,803
|
3,256,803
|
|
146 |
Stock in Federal Reserve Banks
|
2021
|
33,877
|
32,376
|
32,376
|
|
147 |
Insurance, pension and standardized guarantee schemes
|
2021
|
37,135,620
|
34,938,142
|
34,938,142
|
|
148 |
Other accounts payable
|
2021
|
4,914,651
|
4,170,965
|
4,170,965
|
|
149 |
Net worth
|
2021
|
-3,526,831
|
-997,901
|
-997,901
|