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THURSDAY, JUNE 30, 2016

U.S. Net International Investment Position: Year 2015
The U.S. net international investment position at the end of 2015 was -$7,280.6 billion (revised) as the
value of U.S. liabilities exceeded the value of U.S. assets. At the end of 2014, the net investment
position was -$7,046.1 billion (revised).
Chart 1. U.S. Net International Investment Position, 2008:IV-2016:I

Chart 2. U.S. Assets and Liabilities, 2008:IV-2016:I
(Quarterly, not seasonally adjusted)

Billions of dollars

Billions of dollars
0

35,000

-1,000

U.S. liabilities

30,000

Quarterly series (not seasonally adjusted)

-2,000

25,000

-3,000
20,000

-4,000

U.S. assets

Annual series

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 $234.5 billion decrease in the net investment position was mostly due to net financial
transactions of -$195.2 billion.

•

The net investment position decreased 3.3 percent from the end of 2014 to the end of 2015,
compared with a 31.1 percent decrease from the end of 2013 to the end of 2014.

•

U.S. assets decreased $1,376.8 billion, reflecting both an $818.8 billion decrease in the value of
financial derivatives and a $558.0 billion decrease in U.S. assets excluding financial derivatives
that was driven by the depreciation of major foreign currencies against the U.S. dollar.

•

U.S. liabilities decreased $1,142.3 billion, reflecting both a $790.5 billion decrease in the value of
financial derivatives and a $351.8 billion decrease in U.S. liabilities excluding financial
derivatives. Decreases in U.S. equity prices lowered the value of both direct investment and
portfolio investment equity liabilities, and decreases in U.S. bond prices lowered the value of
portfolio investment debt 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