June 30, 2015

The U.S. net international investment position was -$6,794.0 billion (preliminary) at the end of the first quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S .assets. At the end of the fourth quarter of 2014, the net investment position -$7,019.7 billion (revised).

  • The $225.7 billion increase in the net investment position reflected a $728.8 billion increase in the value of U.S. assets that exceeded a $503.1 billion increase in the value of U.S. liabilities.
  • The increase in the net investment position was mostly attributable to the increase in foreign equity prices that raised the value of U.S. direct and portfolio investment assets; these prices increases were partly offset by the depreciation of major foreign currencies against the U.S. dollar that lowered the value of U.S. assets in dollar terms.
  • The net investment position increased 3.2 percent in the first quarter, compared with a decrease of 13.1 percent in the fourth quarter and an average quarterly decrease of 6.9 percent from the first quarter of 2011 through the third quarter of 2014.
  • U.S. assets $25,324.4 billion at the end of the first quarter compared with $24,595.5 billion at the end of the fourth quarter.
  • U.S. liabilities were $32,118.3 billion at the end of the first quarter compared with $31,615.2 billion at the end of the fourth quarter.

For more information, read the full report.