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TUESDAY December 30, 2014 VALUE OF U.S. ASSETS DECREASED AND VALUE OF U.S. LIABILITIES INCREASED IN THIRD QUARTER 2014 Third Quarter 2014 U.S. Net International Investment Position The U.S. net international investment position was -$6,157.9 billion (preliminary) at the end of the third quarter of 2014 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the second quarter, the net position was -$5,475.4 billion (revised). Chart 1. U.S. Net International Investment Position, 2006:IV-2014:III (Quarterly, not seasonally adjusted) Billions of dollars 0 Chart 2. U.S. Assets and Liabilities, 2006:IV-2014:III (Quarterly, not seasonally adjusted) Billions of dollars 35,000 -500 -1,000 30,000 -1,500 -2,000 -2,500 2006:IV U.S. liabilities 25,000 -3,000 -3,500 -4,000 20,000 -4,500 U.S. assets -5,000 -5,500 15,000 2006:IV -6,000 -6,500 -7,000 10,000 2007 2008 2009 2010 2011 2012 2013 2014 2007 2008 2009 2010 2011 2012 2013 2014 • The $682.5 billion decrease in the net position reflected a $362.4 billion decrease in the value of U.S. assets and a $320.2 billion increase in the value of U.S. liabilities. • The decrease in the net position was mostly attributable to 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 mostly denominated in dollars were less affected. • The U.S. net international investment position decreased 12.5 percent in the third quarter, compared with an increase of 0.7 percent in the second quarter and an average quarterly decrease of 7.0 percent from the first quarter of 2011 through the first quarter of 2014. • U.S. assets were $24,614.6 billion at the end of the third quarter compared with $24,977.0 billion at the end of the second quarter. • U.S. liabilities were $30,772.5 billion at the end of the third quarter compared with $30,452.3 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 31, 2015. Contact: Jeannine Aversa or Tom Dail 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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