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MONDAY December 30, 2013

VALUE OF BOTH FOREIGN INVESTMENTS IN THE UNITED
STATES AND U.S. INVESTMENTS ABROAD INCREASED IN
THIRD QUARTER 2013
Third Quarter 2013 U.S. Net International Investment Position

The U.S. net international investment position was -$4,165.6 billion (preliminary) at the end of the third
quarter of 2013 as the value of foreign investments in the United States exceeded the value of U.S.
investments abroad. At the end of the second quarter, the net position was -$4,455.0 billion (revised).
Chart 1. U.S. Net International Investment Position, 2006:IV-2013:III
(Quarterly, not seasonally adjusted)

Billions of dollars
0

Chart 2. Foreign-Owned Assets in the United States and
U.S.-Owned Assets Abroad, 2006:IV-2013:III
Billions of dollars
(Quarterly, not seasonally adjusted)
30,000

-500

Foreign-owned assets in the United States
25,000

-1,000
-1,500

20,000

-2,000
2006:IV

U.S.-owned assets abroad

-2,500

15,000

2006:IV

-3,000
10,000

-3,500
-4,000

5,000

-4,500
-5,000

0

2007

2008

2009

2010

2011

2012

2013

2007

2008

2009

2010

2011

2012

2013

•

The $289.5 billion increase in the net position reflected a $621.5 billion increase in the value of
U.S.-owned assets abroad that exceeded a $332.1 billion increase in the value of foreign-owned
assets in the United States.

•

The U.S. net position increased primarily as rising foreign stock prices, as well as the appreciation
of foreign currencies relative to the U.S. dollar, increased the value of U.S.-owned assets abroad
more than the increase in the value of foreign-owned assets in the United States.

•

The U.S. net international investment position increased 6.5 percent in the third quarter compared
with a 5.2-percent decrease in the second quarter, and an average quarterly decrease of 7.6 percent
from the first quarter of 2011 through the second quarter of 2013.

•

U.S.-owned assets abroad were $21,590.9 billion at the end of the third quarter compared with
$20,969.4 billion at the end of the second quarter.

•

Foreign-owned assets in the United States were $25,756.5 billion at the end of the third quarter
compared with $25,424.4 billion at the end of the second quarter.

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.
The next release of the U.S. international investment position will be on March 26, 2014.
Contact: Tom Dail 202–606–2649

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