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Tuesday, September 27, 2016
Contact: Jeannine Aversa, (301) 278-9003

U.S. Net International Investment Position
Second Quarter 2016
Preliminary Statistics for U.S. Net International Investment Position
The U.S. net international investment position decreased to −$8,042.8 billion (preliminary) at the end of
the second quarter of 2016 from −$7,582.0 billion (revised) at the end of the first quarter.

U.S. Net International Investment Position

U.S. Assets and Liabilities

Quarterly, not seasonally adjusted
Billion $
0

Quarterly, not seasonally adjusted
Billion $
35,000

-1,000

U.S. liabilities

30,000

-2,000

25,000

-3,000

U.S. assets

-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
U.S. Bureau of Economic Analysis

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



The net investment position decreased $460.8 billion or 6.1 percent in the second quarter,
compared with a decrease of 4.1 percent in the first quarter, and an average quarterly decrease
of 6.1 percent from the first quarter of 2011 through the fourth quarter of 2015.



U.S. assets increased $404.1 billion. Financial derivatives increased $241.4 billion, and assets
excluding financial derivatives increased $162.7 billion. The increase in assets excluding financial
derivatives reflected increases resulting from financial transactions that were partly offset by
depreciation of major foreign currencies against the U.S. dollar that lowered the value of U.S.
assets in dollar terms.



U.S. liabilities increased $864.9 billion. Liabilities excluding financial derivatives increased $642.6
billion, and financial derivatives increased $222.3 billion. The increase in liabilities excluding
financial derivatives reflected increases resulting from financial transactions and increases in
U.S. bond and equity prices that raised the value of 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 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 December 29, 2016.
Bureau of Economic Analysis, U.S. Department of Commerce.