September 27, 2023
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $33.58 trillion, and liabilities were $51.58 trillion. At the end of the first quarter, the net investment position was –$16.74 trillion (revised).
- The –$1.26 trillion change in the net investment position from the first quarter to the second quarter came from net financial transactions of –$105.0 billion and net other changes in position, such as price and exchange-rate changes, of –$1.16 trillion. Net other changes mostly reflected U.S. stock price increases that exceeded foreign stock price increases.
- U.S. assets increased by $866.6 billion to a total of $33.58 trillion, driven mainly by foreign stock price increases that raised the market value of direct investment and portfolio investment assets.
- U.S. liabilities increased by $2.13 trillion to a total of $51.58 trillion, driven mainly by U.S. stock price increases that raised the market value of portfolio investment and direct investment liabilities.
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