|
|
Current account
|
|
|
|
|
1 |
Gross value added
|
499,801
|
516,600
|
516,600
|
|
2 |
Less: Consumption of fixed capital
|
45,228
|
41,566
|
41,566
|
|
3 |
Equals: Net value added
|
454,573
|
475,034
|
475,034
|
|
4 |
Compensation of employees (paid)
|
211,000
|
208,300
|
208,300
|
|
5 |
Wages and salaries
|
180,897
|
176,887
|
176,887
|
|
6 |
Employers’ social contributions
|
30,103
|
31,413
|
31,413
|
|
7 |
Taxes on production and imports less subsidies
|
12,000
|
11,600
|
11,600
|
|
8 |
Operating surplus, net
|
231,573
|
255,134
|
255,134
|
|
9 |
Net national income/Balance of primary incomes, net
|
90,273
|
126,634
|
126,634
|
|
10 |
Operating surplus, net
|
231,573
|
255,134
|
255,134
|
|
11 |
Property income (received)
|
375,800
|
330,600
|
330,600
|
|
12 |
Interest
|
366,000
|
337,900
|
337,900
|
|
13 |
Distributed income of corporations (dividends)
|
2,400
|
2,700
|
2,700
|
|
14 |
Reinvested earnings on U.S. direct investment abroad
|
7,400
|
-10,000
|
-10,000
|
|
15 |
Less: Uses of property income (paid)
|
517,100
|
459,100
|
459,100
|
|
16 |
Interest
|
329,000
|
288,200
|
288,200
|
|
17 |
Distributed income of corporations
|
181,800
|
164,300
|
164,300
|
|
18 |
Dividends
|
181,700
|
164,200
|
164,200
|
|
19 |
Withdrawals from income of quasi-corporations
|
100
|
100
|
100
|
|
20 |
Reinvested earnings on foreign direct investment
|
6,300
|
6,600
|
6,600
|
|
21 |
Rents on land and natural resources
|
0
|
0
|
0
|
|
22 |
Net national income/Balance of primary incomes, net
|
90,273
|
126,634
|
126,634
|
|
23 |
Less: Current taxes on income, wealth, etc. (paid)
|
27,200
|
25,600
|
25,600
|
|
24 |
Less: Other current transfers (paid)
|
9,400
|
9,100
|
9,100
|
|
25 |
Equals: Disposable income, net
|
53,673
|
91,934
|
91,934
|
|
26 |
Equals: Net saving
|
53,673
|
91,934
|
91,934
|
|
|
Capital account
|
|
|
|
|
27 |
Net saving less capital transfers
|
53,673
|
91,934
|
91,934
|
|
28 |
Net saving
|
53,673
|
91,934
|
91,934
|
|
29 |
Less: Capital transfers paid (net)
|
0
|
0
|
0
|
|
30 |
Capital formation, net
|
9,644
|
10,165
|
10,165
|
|
31 |
Gross fixed capital formation (nonresidential)
|
54,872
|
51,731
|
51,731
|
|
32 |
Less: Consumption of fixed capital
|
45,228
|
41,566
|
41,566
|
|
33 |
Net lending (+) or borrowing (-), capital account (lines 27-30)
|
44,029
|
81,769
|
81,769
|
|
|
Financial account
|
|
|
|
|
34 |
Net lending (+) or borrowing (-) (line 33)
|
44,029
|
81,769
|
81,769
|
|
35 |
Net acquisition of financial assets
|
760,963
|
417,457
|
417,457
|
|
36 |
Currency and deposits
|
-2,880
|
-388,410
|
-388,410
|
|
37 |
Vault cash
|
1,381
|
4,870
|
4,870
|
|
38 |
Reserves at the Federal Reserve
|
-7,105
|
-393,051
|
-393,051
|
|
39 |
Deposits at Federal Home Loan Banks
|
2,844
|
-229
|
-229
|
|
40 |
Debt securities
|
236,981
|
98,690
|
98,690
|
|
41 |
Open market paper
|
530
|
179
|
179
|
|
42 |
Treasury securities
|
126,693
|
124,334
|
124,334
|
|
43 |
Agency- and GSE-backed securities
|
115,138
|
52,408
|
52,408
|
|
44 |
Municipal securities
|
-29,135
|
-40,044
|
-40,044
|
|
45 |
Corporate and foreign bonds
|
23,755
|
-38,187
|
-38,187
|
|
46 |
Loans
|
496,387
|
775,157
|
775,157
|
|
47 |
Short term
|
281,492
|
604,866
|
604,866
|
|
48 |
Long term (mortgages)
|
214,895
|
170,291
|
170,291
|
|
49 |
Equity and investment fund shares
|
3,462
|
-175
|
-175
|
|
50 |
Corporate equities
|
796
|
2,523
|
2,523
|
|
51 |
Mutual fund shares
|
-1,771
|
-5,541
|
-5,541
|
|
52 |
Equity in government-sponsored enterprises
|
-4,569
|
476
|
476
|
|
53 |
U.S. direct investment abroad
|
9,643
|
1,421
|
1,421
|
|
54 |
Stock in Federal Reserve Banks
|
-637
|
946
|
946
|
|
55 |
Insurance, pension and standardized guarantee schemes
|
6,673
|
3,891
|
3,891
|
|
56 |
Other accounts receivable
|
20,340
|
-71,696
|
-71,696
|
|
57 |
Net incurrence of liabilities
|
831,095
|
559,488
|
559,488
|
|
58 |
Currency and deposits
|
761,644
|
620,169
|
620,169
|
|
59 |
Checkable deposits
|
171,702
|
55,917
|
55,917
|
|
60 |
Other deposits
|
589,942
|
564,252
|
564,252
|
|
61 |
Debt securities
|
-40,038
|
26,955
|
26,955
|
|
62 |
Corporate bonds
|
-18,651
|
12,251
|
12,251
|
|
63 |
Commercial paper
|
-21,387
|
14,704
|
14,704
|
|
64 |
Loans (short term)
|
-27,504
|
-82,560
|
-82,560
|
|
65 |
Equity and investment fund shares
|
102,512
|
50,096
|
50,096
|
|
66 |
Corporate equity issues
|
1,351
|
-5,228
|
-5,228
|
|
67 |
Foreign direct investment in the United States
|
1,725
|
7,134
|
7,134
|
|
68 |
Investment by parent
|
99,436
|
48,190
|
48,190
|
|
69 |
Other accounts payable
|
34,481
|
-55,172
|
-55,172
|
|
|
Addendum:
|
|
|
|
|
70 |
Net lending (+) or borrowing (-), financial account (lines 35-57)
|
-70,132
|
-142,031
|
-142,031
|
|
|
Other changes in volume account
|
|
|
|
|
71 |
Total other volume changes
|
-275,014
|
-147,314
|
-147,314
|
|
72 |
Disaster losses
|
0
|
0
|
0
|
|
73 |
Other volume changes
|
-160,853
|
76,486
|
76,486
|
|
74 |
Less: Statistical discrepancy (lines 33-70)
|
114,161
|
223,800
|
223,800
|
|
|
Revaluation account
|
|
|
|
|
75 |
Nonfinancial assets
|
8,626
|
15,028
|
15,028
|
|
76 |
Structures (nonresidential)
|
9,952
|
14,885
|
14,885
|
|
77 |
Equipment
|
-1,103
|
364
|
364
|
|
78 |
Intellectual property products
|
-224
|
-221
|
-221
|
|
79 |
Financial assets
|
197,722
|
-137,454
|
-137,454
|
|
80 |
Debt securities
|
110,404
|
-59,100
|
-59,100
|
|
81 |
Corporate equities
|
37,799
|
-21,062
|
-21,062
|
|
82 |
Mutual fund shares
|
11,989
|
-6,909
|
-6,909
|
|
83 |
U.S. direct investment abroad
|
37,530
|
-50,383
|
-50,383
|
|
84 |
Liabilities
|
440,183
|
-306,136
|
-306,136
|
|
85 |
Corporate equity issues
|
377,139
|
-245,337
|
-245,337
|
|
86 |
Foreign direct investment in the United States
|
63,044
|
-60,799
|
-60,799
|
|
87 |
Investment by parent
|
0
|
0
|
0
|
|
88 |
Changes in net worth due to nominal holding gains/losses
|
-233,835
|
183,710
|
183,710
|
|
|
Changes in balance sheet account
|
|
|
|
|
89 |
Change in net worth (lines 30+33+71+88)
|
-455,176
|
128,330
|
128,330
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
90 |
Total assets
|
20,520,114
|
19,642,312
|
19,642,312
|
|
91 |
Nonfinancial assets
|
468,325
|
447,509
|
447,509
|
|
92 |
Structures (nonresidential)
|
325,260
|
312,155
|
312,155
|
|
93 |
Equipment
|
95,724
|
92,789
|
92,789
|
|
94 |
Intellectual property products
|
47,341
|
42,565
|
42,565
|
|
95 |
Financial assets
|
20,051,789
|
19,194,803
|
19,194,803
|
|
96 |
Currency and deposits
|
1,642,678
|
1,645,558
|
1,645,558
|
|
97 |
Vault cash
|
83,425
|
82,044
|
82,044
|
|
98 |
Reserves at the Federal Reserve
|
1,548,849
|
1,555,954
|
1,555,954
|
|
99 |
Deposits at Federal Home Loan Banks
|
10,404
|
7,560
|
7,560
|
|
100 |
Debt securities
|
4,647,311
|
4,299,926
|
4,299,926
|
|
101 |
Open market paper
|
709
|
179
|
179
|
|
102 |
Treasury securities
|
879,307
|
736,678
|
736,678
|
|
103 |
Agency- and GSE-backed securities
|
2,634,396
|
2,445,474
|
2,445,474
|
|
104 |
Municipal securities
|
478,281
|
505,812
|
505,812
|
|
105 |
Corporate and foreign bonds
|
654,618
|
611,783
|
611,783
|
|
106 |
Loans
|
12,465,408
|
11,971,353
|
11,971,353
|
|
107 |
Short term
|
6,810,395
|
6,528,903
|
6,528,903
|
|
108 |
Long term (mortgages)
|
5,655,013
|
5,442,450
|
5,442,450
|
|
109 |
Equity and investment fund shares
|
570,264
|
479,484
|
479,484
|
|
110 |
Corporate equities
|
147,678
|
109,083
|
109,083
|
|
111 |
Mutual fund shares
|
64,879
|
54,661
|
54,661
|
|
112 |
Equity in government-sponsored enterprises
|
28,514
|
33,083
|
33,083
|
|
113 |
U.S. direct investment abroad
|
297,495
|
250,322
|
250,322
|
|
114 |
Stock in Federal Reserve Banks
|
31,698
|
32,335
|
32,335
|
|
115 |
Insurance, pension and standardized guarantee schemes
|
178,763
|
172,090
|
172,090
|
|
116 |
Other accounts receivable
|
547,365
|
626,392
|
626,392
|
|
117 |
Total liabilities and net worth
|
20,520,114
|
19,642,312
|
19,642,312
|
|
118 |
Liabilities
|
22,571,191
|
21,238,213
|
21,238,213
|
|
119 |
Currency and deposits
|
15,601,092
|
14,839,448
|
14,839,448
|
|
120 |
Checkable deposits
|
2,637,815
|
2,466,113
|
2,466,113
|
|
121 |
Other deposits
|
12,963,277
|
12,373,335
|
12,373,335
|
|
122 |
Debt securities
|
248,206
|
288,244
|
288,244
|
|
123 |
Corporate bonds
|
141,310
|
159,961
|
159,961
|
|
124 |
Commercial paper
|
106,896
|
128,283
|
128,283
|
|
125 |
Loans (short term)
|
1,254,296
|
1,281,800
|
1,281,800
|
|
126 |
Equity and investment fund shares
|
4,568,319
|
4,025,624
|
4,025,624
|
|
127 |
Corporate equity issues
|
1,463,028
|
1,084,538
|
1,084,538
|
|
128 |
Foreign direct investment in the United States
|
382,277
|
317,508
|
317,508
|
|
129 |
Investment by parent
|
2,723,014
|
2,623,578
|
2,623,578
|
|
130 |
Other accounts payable
|
899,278
|
803,097
|
803,097
|
|
131 |
Net worth
|
-2,051,077
|
-1,595,901
|
-1,595,901
|