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Friday, March 30, 2018
Contact: Jeannine Aversa, (301) 278-9003

U.S. Net International Investment Position
Fourth Quarter 2017
Preliminary Statistics for U.S. Net International Investment Position
The U.S. net international investment position decreased to −$7,845.8 billion (preliminary) at the end of
the fourth quarter from −$7,739.7 billion (revised) at the end of the third quarter. The $106.1 billion
decrease reflected net financial transactions of –$52.4 billion and net other changes in position, such as
price and exchange-rate changes, of –$53.8 billion.
U.S. Net International Investment Position

U.S. Assets and Liabilities

Quarterly, not seasonally adjusted

Quarterly, not seasonally adjusted

Billion $
0

Billion $
40,000

-1,000

35,000

-2,000

U.S. liabilities

30,000
U.S. assets

-3,000
25,000

-4,000
20,000

-5,000
15,000

-6,000

10,000

-7,000

5,000

-8,000

0

-9,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
U.S. Bureau of Economic Analysis

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
U.S. Bureau of Economic Analysis

•

The net investment position decreased 1.4 percent in the fourth quarter, compared with an
increase of 3.3 percent in the third quarter. The net investment position decreased an average
of 5.0 percent per quarter from the first quarter of 2011 through the second quarter of 2017.

•

U.S. assets increased $727.2 billion to $27,632.8 billion, mostly reflecting increases in portfolio
investment and direct investment assets due to increases in foreign equity prices.

•

U.S. liabilities increased $833.3 billion to $35,478.6 billion, mostly reflecting increases in
portfolio investment and direct investment liabilities due to increases in U.S. equity prices.

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 at 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 27, 2018.
Bureau of Economic Analysis, U.S. Department of Commerce