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THURSDAY March 31, 2016

VALUE OF U.S. ASSETS DECREASED MORE THAN U.S.
LIABILITIES IN 2015
Year 2015 U.S. Net International Investment Position

The U.S. net international investment position was -$7,356.8 billion (preliminary) at the end of 2015 as
the value of U.S. liabilities exceeded the value of U.S. assets. At the end of 2014, the net position was
-$7,019.7 billion.
Chart 1. U.S. Net International Investment Position, 2008:IV-2015:IV
Billions of dollars

Chart 2. U.S. Assets and Liabilities, 2008:IV-2015:IV
(Quarterly, not seasonally adjusted)
Billions of dollars
35,000

0
-500
-1,000

30,000

U.S. liabilities

-1,500

Quarterly series (not seasonally adjusted)

-2,000

25,000

-2,500
-3,000

20,000

-3,500

U.S. assets

-4,000

Annual series

-4,500

15,000

-5,000
-5,500

10,000

-6,000
-6,500

5,000

-7,000
-7,500
-8,000

0
08 2009

2010

2011

2012

2013

2014

2015

08 2009

2010

2011

2012

2013

2014

2015

•

The U.S. net international investment position decreased 4.8 percent from the end of 2014 to the
end of 2015, compared with a 31.8 percent decrease from the end of 2013 to the end of 2014.

•

U.S. assets decreased $1,387.3 billion and U.S. liabilities decreased $1,050.2 billion, reflecting
decreases in the value of financial derivatives, mostly in single-currency interest rate contracts.

•

U.S. assets excluding financial derivatives decreased $560.4 billion, reflecting the depreciation of
major foreign currencies against the U.S. dollar that lowered the value of U.S. assets in dollar
terms.

•

U.S. liabilities excluding financial derivatives decreased $240.0 billion, reflecting decreases in U.S.
equity and bond prices that lowered the value of portfolio investment liabilities.

BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output
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 June 30, 2016.
Contact: Jeannine Aversa 202–606–2649

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