Archive Page 2

Value of U.S. Liabilities Increased More than U.S. Assets in 2014

The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of 2014 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of 2013, the net position was -$5,383.0 billion.

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  • The $1,532.3 billion decrease in the net position from the end of 2013 to the end of 2014 reflected a $2,515.6 billion increase in the value of U.S. liabilities that exceeded a $983.4 billion increase in the value of U.S. assets.
  • The decrease in the net position reflected 1) the depreciation of major foreign currencies against the U.S. dollar that lowered the value of most U.S. assets 2) the increase in U.S. equity prices that increased at a higher rate than foreign equity prices.
  • The U.S. net international investment position decreased 28.5 percent from the end of 2013 to the end of 2014, compared with a 17.6 percent decrease from the end of 2012 to the end of 2013.
  • U.S. assets were $24,693.2 billion at the end of 2014 compared with $23,709.8 billion at the end of 2013.
  • U.S. liabilities were $31,608.5 billion at the end of 2014 compared with $29,092.8 billion at the end of 2013.

For more, see the full report.

Value of U.S. Liabilities Increased More Than U.S. Assets in Fourth Quarter

The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of the fourth quarter of 2014 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the third quarter, the net position was -$6,129.4 billion (revised).

march31 release

  • The $785.8 billion decrease in the net position reflected an $861.9 billion increase in the value of U.S. liabilities that exceeded a $76.1 billion increase in the value of U.S. assets.
  • The decrease in the net position reflected 1) the depreciation of major foreign currencies against the U.S. dollar that lowered the value of most U.S. assets and 2) the increase in U.S. equity prices that increased at a higher rate than foreign equity prices.
  • The U.S. net international investment position decreased 12.8 percent in the further quarter, compared with a decrease of 11.9 percent in the third quarter and an average quarterly decrease of 6.5 percent from the first quarter of 2011 through the second quarter of 2014.
  • U.S. assets were $24,693.2 billion at the end of the fourth quarter compared with $24,617.2 billion at the end of the third quarter.
  • U.S. liabilities were $31,608.5 billion at the end of the fourth quarter compared with $30, 746.6 billion at the end of the third quarter.

For more, see the full report.

Personal Savings Rate Rises in February

Personal income rose 0.4 percent in February, the same increase as in January. Wages and salaries, the largest component March30 Chartof personal income, rose 0.3 percent in February after rising 0.6 percent in January.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.4 percent in February after rising 0.5 percent in January.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in February after increasing 0.9 percent in January.

Real consumer spending (PCE), spending adjusted for price changes, decreased 0.1 percent in February after increasing 0.2 percent in January. Spending on durable goods decreased 1.1 percent in February after increasing 0.7 percent in January.

PCE prices increased 0.2 percent in February after decreasing 0.4 percent in January. Excluding food and energy, PCE prices increased 0.1 percent in February, the same increase as in January.

Personal saving rate
Personal saving as a percent of DPI was 5.8 percent in February and 5.5 percent in January.

Real Disposable Personal Income March 30

For more, see the full report.