Archive for the 'International Investment Position' Category



Value of U.S. Assets Decreased More Than U.S. Liabilities in Fourth Quarter 2015

The U.S. net international investment position was -$7,356.8 billion (preliminary) at the end of the fourth quarter of 2015 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 -$7,311.6 billion (revised).

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  • The U.S. net investment position decreased 0.6 percent in the fourth quarter, compared with a decrease of 8.4 percent in the third quarter and an average quarterly decrease of 6.3 percent from the first quarter of 2011 through the second quarter of 2015.
  • U.S. assets decreased $118.5 billion and U.S. liabilities decreased $73.3 billion, reflecting decreases in the value of financial derivatives, mostly in single-currency interest rate contracts.
  • U.S. assets excluding financial derivatives increased $205.1 billion, reflecting increases in foreign equity prices that increased the value of U.S. direct investment and portfolio investment assets.
  • U.S. liabilities excluding financial derivatives increased $250.7 billion, reflecting increases in U.S. equity prices that increased the value of U.S. direct investment and portfolio investment liabilities.

For more information, read the full report.

Value of U.S. Assets Decreased More than U.S. Liabilities in Third Quarter 2015

The U.S. net international investment position was -$7,269.8 billion (preliminary) at the end of the third quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the second quarter, the net investment position was -$6,743.1 billion (revised).

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  • The $526.7 billion decrease in the net investment position reflected net other changes in position of -$514.9 billion and net financial transactions of -$11.8 billion. Other changes in position include price changes, exchange-rate changes, and other changes in volume and valuation.
  • U.S. assets decreased $1,233.3 billion and U.S. liabilities decreased $706.6 billion, mostly as a result of decreases in the value of portfolio and direct investment assets and liabilities.
  • U.S. assets excluding financial derivatives decreased $1,496.6 billion, reflecting other changes in position of -$1,419.3 billion and financial transactions of -$77.3 billion.
  • U.S. liabilities excluding financial derivatives decreased $961.8 billion, reflecting other changes in position of -$897.1 billion and financial transactions of -$64.7 billion.
  • The decrease in the net investment position reflected equity price decreases for U.S. assets and liabilities and the depreciation of foreign currencies against the U.S. dollar, as described in the news release.

For more information, read the full report.

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.


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