March 29, 2023
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was –$16.84 trillion (revised).
- • The $719.0 billion change in the net investment position from the third quarter to the fourth quarter came from net financial transactions of –$162.9 billion and net other changes in position, such as price and exchange-rate changes, of $881.9 billion. Net other changes mostly reflected global stock price increases and the appreciation of major foreign currencies against the U.S. dollar that raised the market value of U.S. assets more than U.S. liabilities, in dollar terms.
- U.S. assets increased by $1.95 trillion to a total of $31.68 trillion, reflecting increases in portfolio investment and direct investment assets that were driven mainly by foreign stock price increases and by the appreciation of major foreign currencies against the U.S. dollar, which raised the market value of these assets in dollar terms.
- U.S. liabilities increased by $1.23 trillion to a total of $47.80 trillion, reflecting increases in portfolio investment and direct investment liabilities that were driven mainly by U.S. stock price increases, which raised the market value of these liabilities.
For more information, read the full release.