U.S. International Investment Position, 4th Quarter and Year 2023


Premium Domain Names for Sale at CrocoDom.com
An official website of the United States government
Fourth Quarter
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$19.77 trillion at the end of the fourth quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.54 trillion, and liabilities were $54.31 trillion. At the end of the third quarter, the net investment position was –$18.11 trillion (revised). The net investment position and components of assets and liabilities are presented in  table 1 XLSX.
The –$1.66 trillion change in the net investment position from the third quarter to the fourth quarter came from net financial transactions of –$243.1 billion and net other changes in position, such as price and exchange-rate changes, of –$1.42 trillion. Net other changes mostly reflected U.S. stock price increases that exceeded foreign stock price increases, which raised the market value of U.S. liabilities more than U.S. assets. The impact of stock price changes was partly offset by the appreciation of major foreign currencies against the U.S. dollar that raised the value of U.S. assets more than U.S. liabilities in dollar terms (table A).
 
Table A. Quarterly Change in the U.S. Net International Investment Position
[Billions of dollars, not seasonally adjusted]
1. Disaggregation of other changes in position into price changes, exchange-rate changes, and other changes in volume and valuation is presented for annual statistics (see table C and table 2 in this release).
2. Financial transactions and other changes in financial derivatives positions are available on a net basis; they are not separately available for U.S. assets and U.S. liabilities.
U.S. Bureau of Economic Analysis
U.S. assets increased by $1.72 trillion to a total of $34.54 trillion at the end of the fourth quarter, driven by foreign stock price increases and the appreciation of major foreign currencies against the U.S. dollar. All major investment categories of assets increased, except financial derivatives.
Direct investment assets increased by $930.0 billion to $10.80 trillion and portfolio investment assets increased by $914.2 billion to $15.32 trillion, driven mainly by foreign stock price increases and the appreciation of major foreign currencies against the U.S. dollar that raised the market value of these assets in dollar terms. Other investment assets increased by $193.9 billion to $5.44 trillion, driven by increases in loans and in currency and deposits.
In contrast, financial derivatives decreased by $380.7 billion to $2.20 trillion, driven by decreases in single-currency interest rate contracts.
U.S. liabilities increased by $3.38 trillion to a total of $54.31 trillion at the end of the fourth quarter, driven by U.S. stock price increases. All major investment categories of liabilities increased, except financial derivatives.
Portfolio investment liabilities increased by $2.21 trillion to $28.67 trillion and direct investment liabilities increased by $1.31 trillion to $14.87 trillion, driven mainly by U.S. stock price increases that raised the market value of these liabilities; U.S. bond price increases also contributed to the increase in portfolio investment liabilities. Other investment liabilities increased by $171.2 billion to $8.57 trillion, driven by increases in currency and deposits.
In contrast, financial derivatives decreased by $312.0 billion to $2.21 trillion, driven by decreases in single-currency interest rate contracts.
 
Table B. Updates to Third-Quarter 2023 International Investment Position Aggregates
U.S. Bureau of Economic Analysis
Year 2023
The U.S. net international investment position was –$19.77 trillion at the end of 2023, compared to –$16.17 trillion at the end of 2022. The net investment position and components of assets and liabilities are presented in table 2 XLSX.
The –$3.60 trillion change in the net investment position from the end of 2022 to the end of 2023 came from net financial transactions of –$906.3 billion and net other changes in position, such as price and exchange-rate changes, of –$2.69 trillion (table C).
Price changes of –$2.93 trillion mostly reflected U.S. stock price increases that exceeded foreign stock price increases, which raised the market value of U.S. liabilities more than U.S. assets.
Exchange-rate changes of $482.4 billion reflected the appreciation of most major foreign currencies against the U.S. dollar, which raised the value of U.S. assets more than U.S. liabilities in dollar terms.
 
U.S. assets increased by $2.91 trillion to a total of $34.54 trillion at the end of 2023, driven by foreign stock price increases and by financial transactions that mostly reflected increases in direct investment equity assets and in other investment loans. All major investment categories of assets increased, except financial derivatives.
Direct investment assets increased by $1.52 trillion to $10.80 trillion and portfolio investment assets increased by $1.25 trillion to $15.32 trillion, driven mainly by foreign stock price increases that raised the market value of these assets. Other investment assets increased by $412.5 billion to $5.44 trillion, driven by increases in loans. In contrast, financial derivatives decreased by $340.5 billion to $2.20 trillion, driven by decreases in single-currency interest rate contracts.
 
Table C. Annual Change in the U.S. Net International Investment Position
[Billions of dollars ]
1. Data are not separately available for price changes, exchange-rate changes, and changes in volume and valuation n.i.e. (not included elsewhere).
2. Financial transactions and other changes in financial derivatives positions are available on a net basis; they are not separately available for U.S. assets and U.S. liabilities.
U.S. Bureau of Economic Analysis
U.S. liabilities increased by $6.51 trillion to a total of $54.31 trillion at the end of 2023, driven by U.S. stock price increases and by financial transactions that mostly reflected foreign purchases of U.S. long-term debt securities and increases in direct investment equity liabilities. All major investment categories of liabilities increased, except financial derivatives.
Portfolio investment liabilities increased by $3.90 trillion to $28.67 trillion and direct investment liabilities increased by $2.61 trillion to $14.87 trillion, driven mainly by U.S. stock price increases that raised the market value of these liabilities. Other investment liabilities increased by $264.9 billion to $8.57 trillion, driven by increases in currency and deposits. In contrast, financial derivatives decreased by $265.6 billion to $2.21 trillion, driven by decreases in single-currency interest rate contracts.
 
Upcoming Update to the U.S. International Investment Position
The annual update of the U.S. International Investment Position (IIP) will be released along with preliminary estimates for the first quarter of 2024 on June 26, 2024. A preview of the annual update will be available in the Survey of Current Business in April 2024.
 
Upcoming Release of New International Investment Position Statistics
With the release of the IIP Accounts on June 26, 2024, BEA will (1) expand “Table 1.3. Change in the Yearend U.S. Net International Investment Position,” which currently presents annual statistics, to include new quarterly statistics on price changes and exchange-rate changes for U.S. assets and liabilities beginning with the first quarter of 2023 and (2) rename this table as “Table 1.3. Change in the U.S. Net International Investment Position.” The expanded table will be incorporated into BEA’s Interactive Data Application and Data Application Programming Interface as a standard table.
Currently, IIP table 1.3 is only available for annual statistics published in March and updated in June each year. This table presents the U.S. net IIP and positions for U.S. assets and liabilities by functional categories (direct investment, portfolio investment, financial derivatives, other investment, and reserve assets). In addition, IIP table 1.3 disaggregates the change in position for a year by financial transactions and by other changes in position such as price changes, exchange-rate changes, and changes in volume and valuation n.i.e (not included elsewhere). For more information, see paragraph 22.5 in U.S. International Economic Accounts: Concepts and Methods. BEA will continue to publish annual IIP table 1.3 statistics in March each year while quarterly statistics will be published with each quarterly news release in March, June, September, and December.
The expansion of IIP table 1.3 to include new quarterly statistics for other changes in position reflects BEA’s incorporation of newly available source data from the Treasury International Capital System “Aggregate Holdings, Purchases and Sales, and Fair Value Changes of Long-Term Securities by U.S. and Foreign Residents” (TIC SLT) report. BEA has incorporated these data to more accurately measure portfolio investment transactions and other changes in position of equity and investment fund shares and of long-term debt securities. BEA’s statistics for these portfolio investment transactions, which were previously derived from positions data reported on the TIC SLT form, now reflect the new TIC SLT transactions data, beginning with the first quarter of 2023. For more information on the new source data, see the “Technical Note” included with the “U.S. International Transactions” news release on September 21, 2023. BEA’s statistics for portfolio investment other changes in position such as price and exchange-rate changes in IIP table 1.3, which were previously estimated from stock and bond market price indices, now reflect the new TIC SLT valuation changes data. Portfolio investment position statistics at the end of a quarter and at yearend presented in this release are not affected by the new treatment of transactions and other changes in position.
To prepare users for this change, a prototype of the expanded IIP table 1.3 is available in BEA’s Interactive Data Application and Data Application Programming Interface. More information will be available in the preview article in the Survey in April 2024.
 
Next release: June 26, 2024, at 8:30 a.m. EDT
U.S. International Investment Position, 1st Quarter 2024 and Annual Update
The international investment position (IIP) is a statistical balance sheet that presents the dollar value of U.S. financial assets and liabilities with respect to foreign residents at a specific point in time. BEA presents IIP statistics at the end of a quarter or year (March, June, September, and December). For the March and June releases, BEA also presents statistics on changes in the yearend position that are disaggregated into financial transactions, price changes, exchange-rate changes, and changes in volume and valuation not included elsewhere (n.i.e.).
The U.S. net IIP is defined as the value of U.S. assets less the value of U.S. liabilities.
Financial transactions are transactions between U.S. residents and nonresidents in financial assets and liabilities. They are also recorded in the financial account of the International Transactions Accounts (ITAs). See “Related statistics” below.
Other changes in position are changes in the value of U.S. assets or liabilities arising from any source besides a financial transaction. Other changes in position include price changes, exchange-rate changes, and changes in volume and valuation n.i.e.
Price changes (only presented for annual statistics in the March and June news releases) are changes in the value of an asset or liability due to changes in the market price of a financial instrument.
Exchange-rate changes (only presented for annual statistics in the March and June news releases) are changes in the value of foreign-currency-denominated assets and liabilities due to changes in the values of foreign currencies relative to the value of the U.S. dollar.
Changes in volume and valuation n.i.e. (only presented for annual statistics in the March and June news releases) reflect changes in position due to year-to-year shifts in the composition of reporting panels, the incorporation of more comprehensive annual and benchmark survey results, and revaluations (holding gains and losses) on assets and liabilities that are not explained by price changes or exchange-rate changes.
Functional categories are the primary classification system used in the IIP Accounts and in the financial account of the ITAs. The five functional categories are direct investment, portfolio investment, financial derivatives other than reserves, other investment, and reserve assets. While the functional categories are based on features that are relevant for understanding cross-border financial transactions and positions, they also take into account some aspects of the relationship between transactors and the economic motivation for the investment. Within the functional categories, the IIP Accounts are classified by type of financial instrument.
Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise resident in another economy. Ownership or control of 10 percent or more of the voting securities of an entity in another economy is the threshold for separating direct investment from other types of investment. Direct investment positions include positions in equity and debt instruments. BEA’s IIP statistics feature the market value measure of direct investment positions, a measure that values owners’ equity at current-period prices using indexes of stock market prices.
Portfolio investment consists of cross-border positions involving equity and investment fund shares and debt securities, excluding those included in direct investment or reserve assets. Debt securities are classified by original maturity (short term versus long term at the time of issue).
Financial derivatives other than reserves consist of cross-border positions arising from financial contracts that are linked to underlying financial instruments, commodities, or indicators. Positions in financial derivatives consist of contracts with positive and negative fair values. A contract with a positive fair value is a U.S. asset and represents the amount that a foreign resident would have to pay to a U.S. counterparty if the contract were terminated or settled. A contract with a negative fair value is a U.S. liability and represents the amount that a U.S. resident would have to pay to a foreign counterparty if the contract were terminated or settled. The gross positive (negative) fair value is the sum across all contracts with positive (negative) fair values. Fair values differ from notional values, which are the underlying amounts used to calculate payments on contracts. Gross positive and gross negative fair values for financial derivatives positions are available separately in table 1. However, transactions and other changes in financial derivatives positions are only available for the net position in financial derivatives. For other changes in position for financial derivatives, statistics are not separately available for price changes, exchange rate changes, and changes in volume and valuation n.i.e.
Other investment includes cross-border positions other than those included in direct investment, portfolio investment, financial derivatives, and reserve assets. Other investment positions consist of positions in other equity (equity not in the form of securities), currency and deposits, loans, insurance technical reserves, trade credit and advances, and, for liabilities, special drawing rights allocations.
Reserve assets are those external assets that are readily available to and controlled by U.S. monetary authorities for meeting balance-of-payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes such as maintaining confidence in the currency and the economy and serving as a basis for foreign borrowing. The major published components are monetary gold, International Monetary Fund (IMF) special drawing rights, reserve position in the IMF, and other reserve assets.
Preliminary quarterly IIP statistics are released in March, June, September, and December, approximately 90 days after the end of the reference quarter. These statistics are updated the following quarter to incorporate new and revised source data. Quarterly statistics are open for revision for at least the prior 3 years in annual updates released in June. Preliminary annual statistics are released in March reflecting positions at the end of the fourth quarter of the previous year. These annual statistics are open for revision for at least the prior 3 years in subsequent annual updates.
The IIP statistics comprise one part of a broader set of U.S. International Economic Accounts that, taken together, provide a comprehensive, integrated, and detailed picture of U.S. international economic activities.
The ITA statistics are released quarterly. Financial transactions reported in the financial account of the ITAs are one type of change in position recorded in the IIP. Financial transactions are transactions between U.S. residents and nonresidents for direct investment, portfolio investment, other investment, reserve assets, and financial derivatives.
Statistics on direct investment and multinational enterprises (MNEs) include annual statistics on the activities of U.S. MNEs and U.S. affiliates of foreign MNEs, detailed annual and quarterly statistics on direct investment, and annual statistics on new foreign direct investment in the United States.
Statistics on international services include detailed annual information on trade in services and on services supplied through the channel of direct investment by affiliates of MNEs.
U.S. international trade in goods and services” released by BEA and the U.S. Census Bureau, provides monthly statistics on trade in goods and services.
 

source
Premium Domain Names:

A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.

Top-Level Domain Names for Sale on Crocodom.com:

If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.

Contact at crocodomcom@gmail.com:

If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at crocodomcom@gmail.com. Feel free to contact them for any questions related to the domain names or the purchasing process.

Availability on Sedo.com, Dan.com, and Afternic.com:

Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.

#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading



Source link

You May Also Like

More From Author

+ There are no comments

Add yours