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Thursday, December 29, 2016
Contact: Jeannine Aversa, (301) 278-9003

U.S. Net International Investment Position
Third Quarter 2016
Preliminary Statistics for U.S. Net International Investment Position
The U.S. net international investment position increased to −$7,781.1 billion (preliminary) at the end of
the third quarter of 2016 from −$8,026.9 billion (revised) at the end of the second 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 increased $245.8 billion or 3.1 percent in the third quarter, compared
with a decrease of 5.9 percent in the second quarter and an average quarterly decrease of 6.0
percent from the first quarter of 2011 through the first quarter of 2016.



U.S. assets increased $346.2 billion to $24,861.2 billion at the end of the third quarter, reflecting a
$794.9 billion increase in assets excluding financial derivatives that was partly offset by a $448.7
billion decrease in financial derivatives. The increase in assets excluding financial derivatives
mostly reflected increases in portfolio investment and direct investment assets due to increases in
foreign equity prices.



U.S. liabilities increased $100.5 billion to $32,642.3 billion at the end of the third quarter,
reflecting a $546.3 billion increase in liabilities excluding financial derivatives that was partly
offset by a $445.8 billion decrease in financial derivatives. The increase in liabilities excluding
financial derivatives reflected increases in portfolio investment and direct investment liabilities
due to financial transactions and 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 March 29, 2017.
Bureau of Economic Analysis, U.S. Department of Commerce.