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THURSDAY, JUNE 30, 2016

U.S. Net International Investment Position: End of the First Quarter of 2016
The U.S. net international investment position at the end of the first quarter of 2016 was -$7,525.6
billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the
fourth quarter of 2015, the net investment position was -$7,280.6 billion (revised).
Chart 2. U.S. Assets and Liabilities, 2008:IV-2016:I

Chart 1. U.S. Net International Investment Position, 2008:IV-2016:I
Billions of dollars

(Quarterly, not seasonally adjusted)

(Quarterly, not seasonally adjusted)

Billions of dollars

0

35,000

-1,000

U.S. liabilities

30,000

-2,000

25,000

-3,000

20,000

U.S. assets

-4,000

15,000
-5,000

10,000

-6,000

5,000

-7,000
-8,000
08 2009

2010

2011

2012

2013

2014

2015

2016

0
08 2009

2010

2011

2012

2013

2014

2015

2016

•

The net investment position decreased $245.0 billion or 3.4 percent in the first quarter,
compared with a decrease of 0.6 percent in the fourth quarter, and an average quarterly
decrease of 6.4 percent from the first quarter of 2011 through the third quarter of 2015.

•

U.S. assets increased $742.1 billion and U.S. liabilities increased $987.1 billion, mostly reflecting
increases in the value of financial derivatives.

•

U.S. assets excluding financial derivatives increased $155.7 billion, reflecting both the
appreciation of major foreign currencies against the U.S. dollar that raised the value of U.S.
assets in dollar terms and net U.S. acquisition of assets. These increases were partly offset by
price decreases on direct investment and portfolio investment assets.

•

U.S. liabilities excluding financial derivatives increased $382.7 billion, mostly reflecting an
increase in U.S. bond prices that raised the value of portfolio investment liabilities.

BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the inputoutput accounts, and economic statistics for states, local areas, and industries—are available on the BEA Web site:
www.bea.gov. E-mail alerts are also available.
NOTE: The next release of the U.S. net international investment position will be on September 27, 2016.
Contact: Jeannine Aversa 301.278.9003

Bureau of Economic Analysis, U.S. Department of Commerce