September 30, 2019
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion.
- The –$398.8 billion change in the net investment position from the first quarter to the second quarter came from net financial transactions of –$146.7 billion and net other changes in position, such as price and exchange rate changes, of –$252.1 billion.
- U.S. assets increased by $952.7 billion, to a total of $28.01 trillion, reflecting increases in all major categories of assets. The increase in assets was driven mainly by foreign stock price increases that raised the value of portfolio investment and direct investment assets.
- U.S. liabilities increased by $1.35 trillion, to a total of $38.56 trillion, reflecting increases in all major categories of liabilities. The increase in liabilities was driven mainly by U.S. stock and bond price increases that raised the value of portfolio investment liabilities.
For more information, read the full report.