|
|
Current account
|
|
|
|
|
|
1 |
Gross value added
|
2019
|
718,103
|
720,578
|
720,578
|
|
2 |
Less: Consumption of fixed capital
|
2019
|
159,658
|
152,420
|
152,420
|
|
3 |
Equals: Net value added
|
2019
|
558,445
|
568,158
|
568,158
|
|
4 |
Compensation of employees (paid)
|
2019
|
473,382
|
451,820
|
451,820
|
|
5 |
Wages and salaries
|
2019
|
404,504
|
382,188
|
382,188
|
|
6 |
Employers’ social contributions
|
2019
|
68,878
|
69,632
|
69,632
|
|
7 |
Taxes on production and imports less subsidies
|
2019
|
24,655
|
24,285
|
24,285
|
|
8 |
Operating surplus, net
|
2019
|
60,407
|
92,053
|
92,053
|
|
9 |
Net national income/Balance of primary incomes, net
|
2019
|
10,378
|
-48,043
|
-48,043
|
|
10 |
Operating surplus, net
|
2019
|
60,407
|
92,053
|
92,053
|
|
11 |
Property income (received)
|
2019
|
1,348,485
|
1,252,888
|
1,252,888
|
|
12 |
Interest
|
2019
|
951,957
|
789,125
|
789,125
|
|
13 |
Distributed income of corporations (dividends)
|
2019
|
376,462
|
487,542
|
487,542
|
|
14 |
Reinvested earnings on U.S. direct investment abroad
|
2019
|
20,066
|
-23,779
|
-23,779
|
|
15 |
Less: Uses of property income (paid)
|
2019
|
1,398,515
|
1,392,985
|
1,392,985
|
|
16 |
Interest
|
2019
|
953,538
|
855,275
|
855,275
|
|
17 |
Distributed income of corporations
|
2019
|
439,651
|
533,133
|
533,133
|
|
18 |
Dividends
|
2019
|
402,225
|
496,261
|
496,261
|
|
19 |
Withdrawals from income of quasi-corporations
|
2019
|
37,426
|
36,872
|
36,872
|
|
20 |
Reinvested earnings on foreign direct investment
|
2019
|
5,326
|
4,577
|
4,577
|
|
21 |
Rents on land and natural resources
|
2019
|
0
|
0
|
0
|
|
22 |
Net national income/Balance of primary incomes, net
|
2019
|
10,378
|
-48,043
|
-48,043
|
|
23 |
Less: Current taxes on income, wealth, etc. (paid)
|
2019
|
34,176
|
32,385
|
32,385
|
|
24 |
Less: Other current transfers (paid)
|
2019
|
567
|
23,645
|
23,645
|
|
25 |
Equals: Disposable income, net
|
2019
|
-24,366
|
-104,073
|
-104,073
|
|
26 |
Equals: Net saving
|
2019
|
-24,366
|
-104,073
|
-104,073
|
|
|
Capital account
|
|
|
|
|
|
27 |
Net saving less capital transfers
|
2019
|
-24,366
|
-104,074
|
-104,074
|
|
28 |
Net saving
|
2019
|
-24,366
|
-104,073
|
-104,073
|
|
29 |
Less: Capital transfers paid (net)
|
2019
|
0
|
0
|
0
|
|
30 |
Capital formation, net
|
2019
|
28,898
|
27,016
|
27,016
|
|
31 |
Gross fixed capital formation (nonresidential)
|
2019
|
188,556
|
179,437
|
179,437
|
|
32 |
Less: Consumption of fixed capital
|
2019
|
159,658
|
152,420
|
152,420
|
|
33 |
Net lending (+) or borrowing (-), capital account (lines 27-30)
|
2019
|
-53,263
|
-131,090
|
-131,090
|
|
|
Financial account
|
|
|
|
|
|
34 |
Net lending (+) or borrowing (-) (line 33)
|
2019
|
-53,263
|
-131,090
|
-131,090
|
|
35 |
Net acquisition of financial assets
|
2019
|
1,852,287
|
1,109,206
|
1,109,206
|
|
36 |
Currency and deposits
|
2019
|
117,659
|
-73,735
|
-73,735
|
|
37 |
Debt securities
|
2019
|
810,807
|
684,196
|
684,196
|
|
38 |
Open market paper
|
2019
|
-27,069
|
14,473
|
14,473
|
|
39 |
Treasury securities
|
2019
|
344,008
|
473,232
|
473,232
|
|
40 |
Agency- and GSE-backed securities
|
2019
|
238,549
|
14,055
|
14,055
|
|
41 |
Municipal securities
|
2019
|
103,346
|
33,127
|
33,127
|
|
42 |
Corporate and foreign bonds
|
2019
|
151,973
|
149,309
|
149,309
|
|
43 |
Loans
|
2019
|
586,215
|
498,880
|
498,880
|
|
44 |
Short term
|
2019
|
256,540
|
159,364
|
159,364
|
|
45 |
Long term (mortgages)
|
2019
|
329,675
|
339,516
|
339,516
|
|
46 |
Equity and investment fund shares
|
2019
|
172,828
|
137,904
|
137,904
|
|
47 |
Corporate equities
|
2019
|
-73,554
|
69,546
|
69,546
|
|
48 |
Money market fund shares
|
2019
|
56,265
|
15,588
|
15,588
|
|
49 |
Equity in government-sponsored enterprises
|
2019
|
-15
|
-160
|
-160
|
|
50 |
U.S. direct investment abroad
|
2019
|
31,061
|
-11,473
|
-11,473
|
|
51 |
Investment in subsidiaries
|
2019
|
159,071
|
64,403
|
64,403
|
|
52 |
Insurance, pension and standardized guarantee schemes
|
2019
|
4,000
|
4,000
|
4,000
|
|
53 |
Other accounts receivable
|
2019
|
160,778
|
-142,039
|
-142,039
|
|
54 |
Net incurrence of liabilities
|
2019
|
1,607,299
|
888,726
|
888,726
|
|
55 |
Currency and deposits
|
2019
|
2,844
|
-229
|
-229
|
|
56 |
Debt securities
|
2019
|
482,224
|
330,200
|
330,200
|
|
57 |
Agency- and GSE-backed securities
|
2019
|
318,635
|
246,898
|
246,898
|
|
58 |
Corporate bonds
|
2019
|
175,432
|
64,074
|
64,074
|
|
59 |
Commercial paper
|
2019
|
-11,843
|
19,228
|
19,228
|
|
60 |
Loans
|
2019
|
150,226
|
337,863
|
337,863
|
|
61 |
Short term
|
2019
|
147,955
|
353,679
|
353,679
|
|
62 |
Long term (mortgages)
|
2019
|
2,271
|
-15,816
|
-15,816
|
|
63 |
Equity and investment fund shares
|
2019
|
1,112,983
|
379,957
|
379,957
|
|
64 |
Money market fund shares
|
2019
|
595,993
|
189,896
|
189,896
|
|
65 |
Corporate equity issues
|
2019
|
233,235
|
225,279
|
225,279
|
|
66 |
Mutual fund shares
|
2019
|
208,234
|
-63,287
|
-63,287
|
|
67 |
Equity in government-sponsored enterprises
|
2019
|
-3,667
|
1,084
|
1,084
|
|
68 |
Foreign direct investment in the United States
|
2019
|
15,697
|
13,877
|
13,877
|
|
69 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
70 |
Investment by parent
|
2019
|
58,246
|
3,571
|
3,571
|
|
71 |
Other accounts payable
|
2019
|
-140,978
|
-159,065
|
-159,065
|
|
|
Addendum:
|
|
|
|
|
|
72 |
Net lending (+) or borrowing (-), financial account (lines 35-54)
|
2019
|
244,988
|
220,480
|
220,480
|
|
|
Other changes in volume account
|
|
|
|
|
|
73 |
Total other volume changes
|
2019
|
27,650
|
373,757
|
373,757
|
|
74 |
Disaster losses
|
2019
|
0
|
-2,405
|
-2,405
|
|
75 |
Other volume changes
|
2019
|
-270,601
|
24,593
|
24,593
|
|
76 |
Less: Statistical discrepancy (lines 33-72)
|
2019
|
-298,251
|
-351,570
|
-351,570
|
|
|
Revaluation account
|
|
|
|
|
|
77 |
Nonfinancial assets
|
2019
|
20,841
|
35,716
|
35,716
|
|
78 |
Structures (nonresidential)
|
2019
|
22,220
|
32,514
|
32,514
|
|
79 |
Equipment
|
2019
|
-1,103
|
3,214
|
3,214
|
|
80 |
Intellectual property products
|
2019
|
-276
|
-11
|
-11
|
|
81 |
Financial assets
|
2019
|
3,681,952
|
-1,710,904
|
-1,710,904
|
|
82 |
Debt securities
|
2019
|
403,355
|
-220,634
|
-220,634
|
|
83 |
Corporate equities
|
2019
|
3,202,677
|
-1,391,225
|
-1,391,225
|
|
84 |
U.S. direct investment abroad
|
2019
|
75,920
|
-99,045
|
-99,045
|
|
85 |
Liabilities
|
2019
|
4,290,302
|
-1,883,519
|
-1,883,519
|
|
86 |
Corporate equity issues
|
2019
|
1,479,414
|
-672,076
|
-672,076
|
|
87 |
Mutual fund shares
|
2019
|
2,781,452
|
-1,165,867
|
-1,165,867
|
|
88 |
Foreign direct investment in the United States
|
2019
|
29,436
|
-45,576
|
-45,576
|
|
89 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
90 |
Investment by parent
|
2019
|
0
|
0
|
0
|
|
91 |
Changes in net worth due to nominal holding gains/losses
|
2019
|
-587,509
|
208,331
|
208,331
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
92 |
Change in net worth (lines 30+33+73+91)
|
2019
|
-584,224
|
478,015
|
478,015
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
93 |
Total assets
|
2019
|
49,401,511
|
43,884,962
|
43,884,962
|
|
94 |
Nonfinancial assets
|
2019
|
1,311,390
|
1,264,373
|
1,264,373
|
|
95 |
Structures (nonresidential)
|
2019
|
681,125
|
653,889
|
653,889
|
|
96 |
Equipment
|
2019
|
516,542
|
503,397
|
503,397
|
|
97 |
Intellectual property products
|
2019
|
113,723
|
107,087
|
107,087
|
|
98 |
Financial assets
|
2019
|
48,090,121
|
42,620,589
|
42,620,589
|
|
99 |
Currency and deposits
|
2019
|
701,779
|
584,120
|
584,120
|
|
100 |
Debt securities
|
2019
|
10,075,852
|
8,825,287
|
8,825,287
|
|
101 |
Open market paper
|
2019
|
507,081
|
498,576
|
498,576
|
|
102 |
Treasury securities
|
2019
|
3,074,370
|
2,649,377
|
2,649,377
|
|
103 |
Agency- and GSE-backed securities
|
2019
|
2,160,764
|
1,898,413
|
1,898,413
|
|
104 |
Municipal securities
|
2019
|
1,127,151
|
986,422
|
986,422
|
|
105 |
Corporate and foreign bonds
|
2019
|
3,206,486
|
2,792,499
|
2,792,499
|
|
106 |
Loans
|
2019
|
14,620,632
|
14,047,551
|
14,047,551
|
|
107 |
Short term
|
2019
|
5,457,080
|
5,200,539
|
5,200,539
|
|
108 |
Long term (mortgages)
|
2019
|
9,163,552
|
8,847,012
|
8,847,012
|
|
109 |
Equity and investment fund shares
|
2019
|
21,117,518
|
17,617,853
|
17,617,853
|
|
110 |
Corporate equities
|
2019
|
15,694,617
|
12,565,494
|
12,565,494
|
|
111 |
Money market fund shares
|
2019
|
338,096
|
242,801
|
242,801
|
|
112 |
Equity in government-sponsored enterprises
|
2019
|
559
|
574
|
574
|
|
113 |
U.S. direct investment abroad
|
2019
|
588,005
|
481,024
|
481,024
|
|
114 |
Investment in subsidiaries
|
2019
|
4,496,241
|
4,327,960
|
4,327,960
|
|
115 |
Insurance, pension and standardized guarantee schemes
|
2019
|
65,013
|
61,013
|
61,013
|
|
116 |
Other accounts receivable
|
2019
|
1,509,327
|
1,484,765
|
1,484,765
|
|
117 |
Total liabilities and net worth
|
2019
|
49,401,511
|
43,884,962
|
43,884,962
|
|
118 |
Liabilities
|
2019
|
50,743,075
|
44,642,302
|
44,642,302
|
|
119 |
Currency and deposits
|
2019
|
10,404
|
7,560
|
7,560
|
|
120 |
Debt securities
|
2019
|
14,469,939
|
13,994,604
|
13,994,604
|
|
121 |
Agency- and GSE-backed securities
|
2019
|
9,408,258
|
9,089,623
|
9,089,623
|
|
122 |
Corporate bonds
|
2019
|
4,770,649
|
4,602,106
|
4,602,106
|
|
123 |
Commercial paper
|
2019
|
291,032
|
302,875
|
302,875
|
|
124 |
Loans
|
2019
|
3,460,398
|
3,313,941
|
3,313,941
|
|
125 |
Short term
|
2019
|
3,235,668
|
3,087,713
|
3,087,713
|
|
126 |
Long term (mortgages)
|
2019
|
224,730
|
226,228
|
226,228
|
|
127 |
Equity and investment fund shares
|
2019
|
33,120,964
|
27,708,469
|
27,708,469
|
|
128 |
Money market fund shares
|
2019
|
3,634,335
|
3,038,342
|
3,038,342
|
|
129 |
Corporate equity issues
|
2019
|
9,376,696
|
7,664,047
|
7,664,047
|
|
130 |
Mutual fund shares
|
2019
|
17,659,517
|
14,669,831
|
14,669,831
|
|
131 |
Equity in government-sponsored enterprises
|
2019
|
48,565
|
52,232
|
52,232
|
|
132 |
Foreign direct investment in the United States
|
2019
|
462,529
|
417,396
|
417,396
|
|
133 |
Equity in noncorporate business
|
.
|
.
|
.
|
.
|
|
134 |
Investment by parent
|
2019
|
1,855,847
|
1,788,391
|
1,788,391
|
|
135 |
Other accounts payable
|
2019
|
-318,630
|
-382,272
|
-382,272
|
|
136 |
Net worth
|
2019
|
-1,341,564
|
-757,340
|
-757,340
|