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EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Friday, August 18, 2023 Technical: Kirsten Brew Michelle Proctor Connie O’Connell Media: 301-278-9152 301-278-9293 301-278-9003 BEA 23–37 Kirsten.Brew@bea.gov Michelle.Proctor@bea.gov Connie.OConnell@bea.gov Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2021 Majority-owned U.S. affiliates of foreign multinational enterprises employed 7.94 million workers in the United States in 2021, a 2.9 percent increase from 7.71 million workers in 2020, according to statistics on U.S. affiliate operations and finances released today by the U.S. Bureau of Economic Analysis (BEA). Majority-owned U.S. affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2021, down slightly from 6.3 percent in 2020 (chart 1). By industry, employment was largest in manufacturing and in retail trade (table 1). Majority-owned U.S. affiliates with ultimate owners in the United Kingdom, Japan, and Germany were the largest contributors to employment (table 2). Millions of employees 8 Chart 1. Employment by Majority-Owned U.S. Affiliates Percent 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 0 0 2012 2013 2014 U.S. Bureau of Economic Analysis 2015 2016 Employment (left axis) 2017 2018 2019 2020 2021 Share of total U.S. private-industry employment (right axis) Page 1 of 5 Current-dollar value added of majority-owned U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, increased 12.6 percent to $1.2 trillion in 2021. These affiliates accounted for 6.50 percent of total U.S. business-sector value added, down slightly from 6.52 percent in 2020. Expenditures for property, plant, and equipment by majority-owned U.S. affiliates increased 5.0 percent to $290.8 billion. These affiliates accounted for 17.3 percent of total U.S. private business capital expenditures. Research and development (R&D) performed by majority-owned U.S. affiliates increased 9.4 percent to $78.3 billion. These affiliates accounted for 13.3 percent of total U.S. business R&D in 2020, the latest year for which all-U.S. business R&D data are available. Chart 2. Majority-Owned U.S. Affiliate Share of Private-Industry Employment by State, 2021 By state (chart 2 and table 4), private-industry employment accounted for by majority-owned U.S. affiliates was highest in South Carolina (9.5 percent), Michigan (8.8 percent), and New Hampshire (8.7 percent). In all three states, majority-owned U.S. affiliates in the manufacturing sector employed the most workers (table 3). Additional statistics on the activities of U.S. affiliates of foreign multinationals including sales, balance sheet and income statement items, compensation of employees, trade, and more are available on BEA’s website. More industry-, country-, and state-level detail are available on the website and will be highlighted in September in the Survey of Current Business. Page 2 of 5 Updates to the statistics Statistics for 2020 are revised to incorporate newly available and revised source data (table A). Preliminary statistics for 2020 were released in August 2022 and highlighted in “Activities of U.S. Affiliates of Foreign Multinational Enterprises in 2020” in the September 2022 Survey. Table A. Updates to Statistics on 2020 Activities of U.S. Affiliates of Foreign Multinational Enterprises [Billions of dollars, except as noted] Number of employees (thousands) Value added Expenditures for property, plant, and equipment Research and development expenditures Preliminary estimate Revised estimate 7,858.1 1,058.3 281.8 71.4 7,714.0 1,031.3 276.8 71.6 U.S. Bureau of Economic Analysis Next release: November 2024 Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2022 Page 3 of 5 Additional Information Resources • • • • • • • • Stay informed about BEA developments by reading The BEA Wire, signing up for BEA’s email subscription service, or following @BEA_News on X, formerly known as Twitter. Historical time series for these estimates can be accessed in BEA’s Interactive Data Application. Access BEA data by registering for BEA’s Data Application Programming Interface. For upcoming economic indicators, see BEA’s news release schedule. More information on the activities of U.S. affiliates of foreign multinational enterprises (MNEs) will be provided in September in the Survey of Current Business. More statistics on the activities of U.S. affiliates of foreign MNEs, including more detail by industry and country, are available on the BEA website. More information on the statistics on activities of U.S. affiliates of foreign MNEs is provided in U.S. International Economic Accounts: Concepts and Methods. BEA also publishes a companion series on the activities of U.S. MNEs. Data for 2021 will be released November 17, 2023. Definitions A U.S. affiliate is a U.S. business enterprise in which there is foreign direct investment—that is, in which a foreign parent owns 10 percent or more of the U.S. business enterprise. A majority-owned U.S. affiliate is a U.S. affiliate in which the combined ownership of all foreign parents, either directly or indirectly, exceeds 50 percent. A foreign parent is the first person (in the broad legal sense to include any individual, partnership, corporation, or other form of organization), resident outside the United States, that has a direct investment interest in the affiliate. The ultimate owner, also referred to as ultimate beneficial owner (UBO), is that person, proceeding up a chain of majority ownership (where the entity above owns more than 50 percent of the entity below), beginning with and including the foreign parent, that is not owned more than 50 percent by another person. Unlike the foreign parent, the UBO of an affiliate may be located in the United States. Value added is the value of the final goods and services produced by a firm’s labor and property. Value added represents the firm’s contribution to gross domestic product. The estimates of value added in this release were prepared by summing cost and profit data collected in BEA’s surveys of foreign direct investment in the United States and are conceptually consistent with BEA’s estimates of U.S. value added by industry. Expenditures for property, plant, and equipment cover total expenditures for land and depreciable structures and equipment; they are gross of any sales, retirements, or transfers of previously owned tangible assets. Research and development (R&D) performed includes expenditures for R&D performed by the U.S. affiliate, whether the R&D was for their own use or for use by others, irrespective of the source of funding. Statistical conventions The statistics on the activities of U.S. affiliates of foreign MNEs are based primarily on data reported in the Annual and Benchmark Surveys of Foreign Direct Investment in the United States conducted by BEA. The statistics provide information on the operations and finances of U.S affiliates and cover the entire operations of the affiliate, irrespective of the percentage of foreign ownership. Majority-owned U.S. affiliate shares of domestic activity are provided in this news release for employment, value added, R&D performed, and expenditures for property, plant, and equipment. These shares are computed by dividing majority-owned U.S. affiliate activity levels by measures of domestic activity from other data sets that are approximately comparable. The majority-owned U.S. affiliate measures include activities in Puerto Rico and other U.S. territories; these activities are excluded in the corresponding domestic measures. For the employment share presented in this news release, majority-owned U.S. affiliate data on employment in Puerto Rico and other U.S. territories are excluded to improve comparability. The domestic totals used to compute shares are detailed below: Employment covers the total number of full-time and parttime employees on the payroll at the end of the U.S. affiliate’s fiscal year. Page 4 of 5 • Employment statistics for all U.S. private industries come from line 3 (private industries) of National Income and Product Accounts (NIPA) table 6.4D “Full-Time and Part-Time Employees by Industry.” Statistics for state-level shares come from BEA’s Regional Economic Accounts in “private nonfarm wage and salary employment” minus “private households” from the table “Full-Time and PartTime Wage and Salary Employment by Industry” (SAEMP27). Statistics on value added for all U.S. businesses come from line 2 (“business-sector value added”) of NIPA table 1.3.5 “Gross Value Added by Sector.” • • Statistics on business R&D performed in the United States come from the National Science Foundation. Statistics on U.S. private business capital expenditures come from the U.S. Census Bureau Annual Capital Expenditures Survey. Related statistics Statistics on the activities of U.S. affiliates of foreign MNEs are 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. Statistics on direct investment and multinational enterprises include annual statistics on the activities of U.S. 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, released annually, include detailed annual information on trade in services and on services supplied through the channel of direct investment by affiliates of MNEs. The International Investment Position (IIP) Accounts are released quarterly. The 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. The International Transactions Accounts (ITAs) are released quarterly. The ITAs are a statistical summary of economic activity between U.S. residents and the residents of other countries. 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. News release tables Table 1. Selected Data for Majority-Owned U.S. Affiliates by Industry of Affiliate, 2021 Table 2. Selected Data for Majority-Owned U.S. Affiliates by Country of Ultimate Beneficial Owner, 2021 Table 3. Employment of Majority-Owned U.S. Affiliates, State by Industry of Affiliate, 2021 Table 4. Employment of Majority-Owned U.S. Affiliates, State by Country of Ultimate Beneficial Owner, 2021 Page 5 of 5 Table 1. Selected Data for Majority-Owned U.S. Affiliates by Industry of Affiliate, 2021 Millions of dollars Total assets All industries Manufacturing Food Beverages and tobacco products Paper Petroleum and coal products Chemicals Basic chemicals Pharmaceuticals and medicines Other Plastics and rubber products Nonmetallic mineral products Primary and fabricated metals Primary metals Fabricated metal products Machinery Computers and electronic products Semiconductors and other electronic components Navigational, measuring, and other instruments Other Electrical equipment, appliances, and components Transportation equipment Motor vehicles, bodies and trailers, and parts Other Other Wholesale trade Motor vehicles and motor vehicle parts and supplies Electrical goods Petroleum and petroleum products Other Retail trade Food and beverage stores Other Information Publishing industries Telecommunications Other Finance and insurance Depository credit intermediation (banking) Finance, except depository institutions Insurance carriers and related activities Real estate and rental and leasing Real estate Rental and leasing (except real estate) Professional, scientific, and technical services Architectural, engineering, and related services Computer systems design and related services Management, scientific, and technical consulting Other Other industries Mining Utilities Construction Transportation and warehousing Administration, support, and waste management Health care and social assistance Accommodation and food services Other (D) Suppressed to avoid disclosure of data of individual companies. U.S. Bureau of Economic Analysis (1) 16,989,011 3,593,179 189,668 390,828 34,765 276,865 1,157,375 175,238 800,303 181,834 85,778 104,618 136,294 75,212 61,082 158,309 248,550 81,898 100,525 66,127 120,116 517,334 453,185 64,150 172,679 1,099,490 305,337 119,129 234,890 440,134 231,942 104,519 127,423 532,647 111,841 251,169 169,638 9,326,200 4,245,114 2,134,713 2,946,373 387,423 204,340 183,083 369,492 32,968 136,570 115,487 84,467 1,448,638 197,220 331,722 99,955 179,256 103,308 42,471 83,442 411,264 Gross property, plant, and equipment (2) 3,062,583 1,289,291 78,339 32,737 21,292 262,318 302,543 126,845 116,541 59,157 42,360 72,214 57,981 40,449 17,533 35,360 52,333 30,433 13,463 8,437 21,614 262,042 250,533 11,509 48,157 437,413 160,588 26,439 153,834 96,552 118,310 66,253 52,057 153,025 8,661 114,180 30,184 139,795 21,138 89,700 28,957 219,466 136,926 82,540 37,143 6,118 12,230 3,810 14,985 668,139 163,829 257,568 28,374 120,136 25,280 10,290 37,323 25,338 Expenditures for property, plant, and equipment (3) 290,787 102,361 7,182 2,633 1,905 16,634 24,280 9,540 8,943 5,797 3,122 3,433 3,374 2,152 1,222 2,965 3,617 1,272 1,585 760 1,723 27,013 25,994 1,019 4,481 53,180 31,231 2,258 11,294 8,397 12,191 7,480 4,711 19,538 672 (D) (D) 27,921 1,048 24,368 2,505 18,455 9,598 8,856 2,816 598 721 374 1,124 54,324 9,167 23,452 5,228 7,764 2,521 434 2,755 3,003 Sales (4) 5,218,031 2,216,564 210,470 69,666 23,714 244,921 475,337 127,991 260,707 86,639 70,445 53,535 101,018 60,887 40,131 121,545 120,473 34,738 43,980 41,755 72,344 547,654 515,760 31,894 105,442 1,235,411 220,325 208,208 316,399 490,480 322,390 165,522 156,868 216,118 49,921 93,794 72,403 461,181 79,712 147,213 234,255 49,006 26,675 22,332 179,799 22,639 60,949 30,578 65,632 537,562 82,580 84,638 97,613 106,759 64,658 25,751 48,270 27,293 Millions of dollars Net income (5) 214,047 64,237 7,638 -3,045 59 -1,468 16,113 8,356 7,101 656 1,414 2,781 1,823 1,690 133 7,266 5,185 1,988 1,199 1,998 3,692 19,448 18,709 740 3,329 26,794 6,410 4,196 1,257 14,931 7,715 2,761 4,954 8,693 -111 112 8,692 69,919 21,651 29,276 18,993 3,215 1,452 1,763 1,424 515 -1,020 1,439 489 32,050 -4,278 6,824 3,998 8,118 3,537 900 -388 13,339 Value added (6) 1,160,951 448,381 41,998 19,797 5,363 33,998 103,749 29,468 61,014 13,267 16,623 18,018 15,055 7,101 7,954 27,397 27,860 6,623 12,393 8,844 17,793 90,794 80,532 10,262 29,935 105,674 10,269 18,866 15,867 60,671 71,263 35,897 35,366 69,861 14,735 27,522 27,604 175,434 72,180 61,893 41,361 25,810 14,694 11,115 69,684 9,620 21,353 18,495 20,216 194,844 27,195 30,590 22,796 38,905 32,269 12,792 24,661 5,636 Compensation of employees (7) 689,681 274,093 25,547 7,585 4,130 10,551 63,410 12,981 40,253 10,176 13,507 9,743 13,854 5,973 7,881 21,025 21,210 5,578 10,104 5,528 11,247 49,858 41,577 8,281 22,424 61,945 6,455 10,452 3,868 41,170 41,944 23,456 18,489 36,558 12,962 6,923 16,674 85,124 17,058 41,860 26,206 7,799 4,174 3,624 61,573 8,239 20,489 15,919 16,927 120,644 11,011 8,746 16,724 21,297 24,675 10,174 20,706 7,310 Thousands of employees (8) 7,940.2 2,811.5 334.4 80.3 45.2 74.6 425.9 103.2 232.3 90.4 161.7 104.6 166.4 68.8 97.6 252.7 211.1 61.2 82.6 67.3 132.1 596.4 512.7 83.7 226.2 659.4 76.8 80.8 34.5 467.2 971.4 526.9 444.4 341.7 115.2 94.8 131.7 412.0 85.7 158.3 168.0 81.9 47.8 34.1 520.6 75.4 161.5 109.1 174.6 2,141.9 84.6 71.7 156.8 360.1 513.8 140.3 673.5 141.1 U.S. exports of goods shipped by affiliates (9) 412,120 264,526 28,376 3,090 2,717 26,791 56,410 21,076 21,402 13,932 6,845 2,252 8,249 4,288 3,961 16,263 21,631 8,578 10,590 2,463 7,597 68,407 63,093 5,314 15,899 132,562 17,882 8,569 52,158 53,953 3,030 (D) (D) 1,257 (D) 0 (D) (D) 0 (D) 0 0 0 0 962 (D) 102 0 (D) (D) 7,626 664 (D) (D) (D) (D) (D) 728 U.S. imports Research and development of goods shipped to performed by affiliates affiliates (10) 763,737 398,542 13,835 5,298 3,276 37,396 78,980 17,006 46,525 15,448 10,739 1,689 16,332 8,315 8,017 17,083 26,606 7,085 11,529 7,993 8,013 161,138 158,099 3,039 18,158 340,250 88,853 72,771 37,494 141,132 18,769 (D) (D) 1,165 451 (D) (D) 0 0 0 0 (D) 0 (D) 553 303 (D) 0 (D) (D) 2,332 1,148 301 (D) (D) 0 (D) 135 (11) 78,314 55,955 627 178 94 (D) 28,710 1,287 26,106 1,317 719 292 1,346 894 452 2,007 6,613 1,958 2,358 2,297 1,232 10,377 9,535 841 (D) 8,388 810 2,485 374 4,719 246 (D) (D) 3,873 2,278 (D) (D) 252 0 227 25 1 1 0 8,875 275 2,095 (D) (D) 724 203 71 84 (D) 31 (D) 7 265 Table 2. Selected Data for Majority-Owned U.S. Affiliates by Country of Ultimate Beneficial Owner, 2021 Millions of dollars Total assets All countries Canada Europe Belgium Denmark Finland France Germany Ireland Italy Netherlands Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Venezuela Other Other Western Hemisphere Bermuda United Kingdom Islands, Caribbean Other Africa South Africa Other Middle East Israel Saudi Arabia United Arab Emirates Other Asia and Pacific Australia China Hong Kong India Japan Singapore South Korea Taiwan Other United States Addendum: European Union (27) 1 Gross property, plant, and equipment Expenditures for property, plant, and equipment Sales Net income Value added Compensation of employees Thousands of employees Millions of dollars U.S. exports U.S. imports Research and development of goods of goods shipped by shipped to performed by affiliates affiliates affiliates (1) 16,989,011 3,003,774 8,700,409 208,599 52,818 55,824 1,017,315 1,799,407 507,589 88,705 890,933 327,927 172,919 1,174,164 2,212,344 191,865 796,683 235,468 93,933 62,593 11,594 67,347 561,215 253,990 280,337 26,888 15,549 10,216 5,333 301,089 162,891 30,149 78,365 29,684 3,672,705 258,900 270,009 48,875 67,444 2,644,949 81,965 193,200 70,817 36,546 498,803 (2) 3,062,583 465,387 1,617,794 27,673 14,322 9,262 147,077 384,416 71,162 47,580 142,721 76,301 25,775 112,165 417,483 141,856 116,715 63,635 18,291 22,220 (D) (D) 53,080 18,557 26,704 7,819 9,473 9,197 277 83,538 12,604 26,643 26,190 18,100 752,227 46,422 58,455 24,797 12,879 503,362 13,687 68,268 10,308 14,049 17,447 (3) 290,787 33,154 144,533 1,658 1,117 536 15,100 45,204 5,402 3,035 12,155 5,564 1,821 8,763 30,793 13,384 8,702 4,387 1,895 1,307 261 924 4,315 2,298 1,818 199 (D) (D) 30 7,666 1,369 1,872 875 3,549 93,016 3,316 5,166 1,890 701 64,737 1,032 13,175 948 2,050 (D) (4) 5,218,031 439,262 2,881,541 44,840 39,648 23,717 327,604 633,073 160,606 44,556 423,183 64,968 81,568 285,614 632,867 119,296 340,737 148,097 67,439 40,431 (D) (D) 192,640 (D) 74,101 (D) 7,095 6,410 685 82,018 31,661 (D) 11,750 (D) 1,404,985 57,635 65,534 44,730 29,006 893,456 19,995 205,337 69,905 19,388 62,393 (5) 214,047 31,462 127,920 -7,463 4,092 354 19,391 32,207 9,353 2,184 19,425 1,969 3,191 20,936 21,815 464 11,042 9,417 5,149 4,541 -327 54 1,625 4,710 (D) (D) 447 447 1 -5,375 -2,601 -1,518 -767 -490 45,239 2,995 -930 -666 168 35,015 1,887 5,514 1,434 -177 3,311 (6) 1,160,951 136,513 705,441 4,190 8,040 5,811 91,461 134,900 60,886 12,094 75,112 13,744 20,897 83,280 172,534 22,496 59,656 28,721 14,755 8,525 (D) (D) 30,935 13,900 13,382 3,653 2,060 1,787 274 10,626 4,794 576 3,100 2,156 236,180 16,717 15,058 3,903 8,467 158,927 5,632 19,596 3,660 4,221 10,474 (7) 689,681 73,409 425,710 6,013 4,927 4,280 56,144 79,614 43,283 7,118 46,465 9,625 15,009 51,150 91,894 10,188 37,831 15,902 7,574 6,006 (D) (D) 21,929 8,022 10,673 3,233 1,000 779 221 8,157 4,076 952 2,327 801 131,813 10,241 8,586 3,218 7,228 85,422 2,674 9,166 1,986 3,291 11,762 (8) 7,940.2 866.3 4,894.9 75.9 48.3 34.2 741.2 923.6 353.5 99.8 603.1 82.9 208.7 380.3 1,222.8 120.5 430.1 208.6 96.6 88.4 4.0 19.6 221.5 52.9 146.1 22.6 9.2 6.6 2.6 80.2 35.9 8.1 24.3 11.9 1,520.8 99.9 117.1 37.3 71.9 963.4 40.2 88.1 22.1 80.7 138.7 (9) 412,120 15,416 243,565 3,756 1,482 2,186 27,258 59,261 11,201 2,460 51,890 1,171 8,213 16,756 52,302 5,626 44,352 11,887 7,417 1,445 (D) (D) 32,465 (D) 6,370 (D) 512 512 (*) 6,778 1,227 (D) 1,364 (D) 99,983 3,648 5,132 1,792 1,851 74,782 314 8,310 2,411 1,744 1,514 (10) 763,737 24,654 355,011 6,275 12,829 2,819 32,835 97,360 10,885 6,540 57,444 1,358 10,826 24,583 69,900 21,357 31,117 16,275 4,539 5,986 (D) (D) 14,842 (D) 4,024 (D) 1,123 1,123 (*) 18,387 9,966 (D) (D) 466 328,200 4,390 10,539 14,155 5,613 189,822 602 86,507 13,417 3,155 5,244 (11) 78,314 1,540 53,672 363 815 (D) 5,121 11,249 4,943 314 6,926 216 921 12,949 6,926 (D) 1,855 250 148 (D) 0 (D) 1,606 (D) 1,384 (D) 44 (D) (D) 2,214 1,447 (D) (D) 45 18,135 235 1,809 (D) 281 12,627 342 1,965 185 (D) 855 5,242,008 1,030,287 100,357 1,921,174 85,487 439,949 279,953 3,268.3 171,618 256,048 33,461 (D) Suppressed to avoid disclosure of data of individual companies. 1. Data for the European Union (EU) reflect the EU membership during the reference period. The EU comprises Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. U.S. Bureau of Economic Analysis Table 3. Employment of Majority-Owned U.S. Affiliates, State by Industry of Affiliate, 2021 [Thousands of employees] All industries Manufacturing Total New England: Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Mideast: Delaware District of Columbia Maryland New Jersey New York Pennsylvania Great Lakes: Illinois Indiana Michigan Ohio Wisconsin Plains: Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota Southeast: Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia Southwest: Arizona New Mexico Oklahoma Texas Rocky Mountains: Colorado Idaho Montana Utah Wyoming Far West: Alaska California Hawaii Nevada Oregon Washington Puerto Rico Other U.S. areas Foreign Wholesale trade Retail trade Information Finance and insurance (3) (4) (5) (6) Professional, Real estate scientific, and and rental and technical leasing services 520.6 (9) 2,141.9 0.4 0.1 1.4 (*) 0.3 (*) 6.1 0.7 28.4 1.9 3.0 0.3 29.0 6.3 52.8 8.3 7.6 3.3 3.8 1.1 4.5 31.6 80.8 13.3 0.2 0.6 3.5 5.3 5.0 3.0 1.3 2.8 5.7 22.0 56.3 32.1 9.2 9.9 29.5 58.6 124.9 80.5 11.5 4.8 9.6 10.0 2.0 26.4 3.2 6.8 7.5 5.2 2.4 0.4 0.5 1.3 0.5 32.7 3.0 15.0 10.4 2.7 101.9 55.6 52.8 64.9 26.9 3.6 5.6 14.9 13.6 2.9 1.3 1.5 2.0 I 9.7 5.4 0.8 0.1 0.1 8.3 3.8 9.5 5.0 2.4 0.5 0.4 0.4 0.1 2.9 1.7 0.4 0.3 (*) 1.2 1.6 11.2 2.8 0.6 0.8 0.5 11.1 J 38.9 51.4 9.7 4.6 3.4 11.1 1.9 24.9 33.7 6.2 3.9 11.2 21.2 20.5 28.1 17.8 0.8 12.2 2.1 46.9 23.8 9.1 10.1 3.6 66.4 19.5 16.1 45.9 6.7 1.9 0.9 19.5 14.9 1.9 1.0 0.5 8.0 3.3 4.9 13.3 0.5 2.8 0.5 20.5 13.8 1.2 0.8 0.6 8.8 5.4 6.3 4.0 0.2 0.3 0.1 15.0 4.9 0.3 0.4 0.1 1.2 2.0 0.8 1.2 0.1 3.1 0.9 24.9 16.5 2.1 3.4 0.8 11.5 3.7 4.7 13.3 0.7 22.8 22.1 136.0 75.9 33.1 37.8 13.9 55.3 30.4 49.7 54.9 6.9 29.1 2.8 26.9 200.6 10.0 1.2 3.8 62.1 22.9 3.6 7.4 55.8 4.1 G 1.9 32.7 8.6 0.4 0.8 21.3 0.9 0.1 0.2 5.7 6.0 0.4 2.8 77.4 58.9 I 20.2 204.8 123.2 20.5 9.8 62.8 8.1 37.7 7.7 1.6 19.7 3.1 8.9 2.9 1.2 7.6 A 13.1 1.6 1.3 4.8 0.9 10.6 1.2 0.2 3.2 0.1 8.9 0.5 0.3 2.2 0.2 1.7 (*) 0.1 0.3 0.0 11.0 0.7 0.6 4.1 0.2 31.4 5.9 4.7 20.8 H 13.6 816.4 40.3 60.8 70.3 143.7 22.6 34.1 8.0 4.3 220.9 2.8 12.1 18.3 32.4 11.0 14.8 2.6 0.4 100.5 3.3 3.2 12.6 14.0 0.4 I 0.5 2.5 97.0 6.5 7.6 5.8 14.1 1.1 0.1 0.1 0.1 50.3 0.5 1.7 4.6 13.6 G 1.1 0.1 0.1 38.4 0.9 2.1 3.6 3.9 1.0 0.2 0.3 0.1 9.6 1.8 1.4 0.3 1.8 0.1 (*) 0.7 0.4 67.2 0.4 1.2 4.2 14.5 0.2 0.6 0.3 5.7 232.6 24.0 31.4 21.0 49.5 I J 3.4 (1) 7,940.2 (2) 2,811.5 112.1 37.3 228.0 50.6 31.4 14.2 34.4 9.0 65.6 22.9 8.4 5.7 7.5 1.2 14.3 3.6 1.7 0.4 23.2 15.0 34.1 10.8 7.7 3.9 2.5 1.2 8.8 0.9 1.1 0.2 9.1 3.7 22.8 2.2 1.5 0.4 29.2 20.8 117.8 292.5 509.2 333.5 7.5 0.8 28.7 106.3 93.7 114.4 1.2 0.8 6.3 30.0 35.4 18.3 4.3 3.1 34.2 29.5 74.0 63.7 1.6 1.6 5.5 9.1 39.1 8.2 376.7 209.1 321.9 300.1 130.2 135.9 115.2 206.6 151.3 74.9 28.0 10.1 15.0 17.5 9.5 37.9 16.8 15.6 37.2 8.5 66.7 74.6 157.4 148.8 38.6 16.4 14.5 37.9 27.3 59.3 63.1 19.1 6.4 7.9 2.1 13.1 11.0 5.9 2.7 2.4 0.7 120.0 59.1 358.2 281.8 140.2 78.4 46.7 303.6 170.9 202.3 200.7 28.4 65.8 30.8 70.7 98.4 86.3 20.9 15.9 131.2 86.2 91.6 50.3 12.5 140.6 18.7 64.2 660.5 659.4 971.4 341.7 412.0 (7) 81.9 (8) Other industries (*) A nonzero value that rounds to zero Note. Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F—500 to 999; G—1,000 to 2,499; H—2,500 to 4,999; I—5,000 to 9,999; J—10,000 to 24,999; K—25,000 to 49,999; L—50,000 to 99,999; M—100,000 or more. U.S. Bureau of Economic Analysis Table 4. Employment of Majority-Owned U.S. Affiliates, State by Country of Ultimate Beneficial Owner, 2021 [Thousands of employees] All countries Total New England: Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Mideast: Delaware District of Columbia Maryland New Jersey New York Pennsylvania Great Lakes: Illinois Indiana Michigan Ohio Wisconsin Plains: Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota Southeast: Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia Southwest: Arizona New Mexico Oklahoma Texas Rocky Mountains: Colorado Idaho Montana Utah Wyoming Far West: Alaska California Hawaii Nevada Oregon Washington Puerto Rico Other U.S. areas Foreign Canada Europe Of which: (1) 7,940.2 (2) 866.3 (3) 4,894.9 (4) 741.2 (5) 923.6 (6) 603.1 (7) 380.3 United Kingdom (8) 1,222.8 112.1 37.3 228.0 50.6 31.4 14.2 7.1 9.3 23.8 6.4 3.0 1.7 87.9 23.8 163.9 36.3 24.9 9.3 6.7 1.2 25.8 4.1 4.4 1.7 14.1 1.8 19.4 4.5 1.8 0.8 19.1 J 34.2 I H H 5.3 1.5 9.8 3.4 0.6 0.6 29.2 20.8 117.8 292.5 509.2 333.5 3.0 1.7 12.0 25.0 47.5 27.6 22.2 16.7 93.5 200.1 360.3 244.0 1.7 2.1 8.8 39.3 53.5 28.8 3.4 2.1 12.0 34.1 51.2 43.2 H 1.6 26.2 18.1 40.5 51.4 376.7 209.1 321.9 300.1 130.2 39.3 16.9 32.2 27.9 17.6 225.4 116.3 203.0 163.3 83.6 33.0 30.9 28.3 23.6 10.6 46.8 19.7 54.4 37.1 14.9 66.7 74.6 157.4 148.8 38.6 16.4 14.5 6.6 10.6 28.4 23.7 4.2 4.0 3.2 35.2 42.6 94.1 91.4 17.5 5.0 5.8 4.1 3.8 8.8 11.6 4.1 0.7 1.9 120.0 59.1 358.2 281.8 140.2 78.4 46.7 303.6 170.9 202.3 200.7 28.4 15.8 4.9 62.5 36.4 11.4 14.1 5.5 22.7 19.4 14.3 14.6 4.7 52.9 31.4 216.3 156.9 61.3 46.2 21.9 207.5 115.3 114.2 154.9 13.7 140.6 18.7 64.2 660.5 22.3 3.4 6.9 52.5 123.2 20.5 9.8 62.8 8.1 13.6 816.4 40.3 60.8 70.3 143.7 22.6 34.1 8.0 Total France Germany Netherlands Switzerland Other Total Asia and Pacific Of which: Japan Other Other (9) 1,023.9 (10) 1,520.8 (11) 963.4 (12) 557.3 (13) 658.2 22.4 2.3 46.4 13.1 5.2 F 20.3 H 28.3 H I 2.1 10.7 1.7 32.8 6.0 3.2 F 6.2 1.1 24.3 4.7 2.1 0.5 4.5 0.6 8.5 1.3 1.1 A 6.4 2.5 7.6 1.8 0.3 H 0.8 1.0 5.2 35.2 31.6 16.6 8.7 6.8 28.7 35.6 107.6 55.0 H 3.1 12.5 37.9 76.0 49.0 2.8 1.4 8.5 43.6 71.8 40.1 1.8 0.7 4.7 23.9 43.9 27.7 1.1 0.8 3.7 19.6 27.9 12.4 1.2 1.0 3.8 23.8 29.6 21.7 17.1 12.7 K 13.1 5.2 20.6 9.2 9.7 14.7 8.3 57.0 26.3 36.1 37.3 22.1 50.8 17.5 K 37.5 22.4 88.0 68.2 70.9 86.2 22.1 58.5 60.9 38.2 68.9 8.9 29.5 7.4 32.8 17.3 13.2 24.1 7.6 15.7 22.7 6.9 7.6 10.2 22.8 21.9 3.2 0.8 1.3 5.5 2.7 6.6 6.5 1.1 0.9 A 3.0 7.2 6.3 13.4 1.5 0.3 0.4 7.5 9.0 19.3 17.6 4.5 1.6 1.4 7.5 9.8 30.5 20.4 3.1 0.8 F 9.3 11.5 23.1 21.3 8.3 6.0 1.4 5.3 6.4 13.0 16.0 5.5 1.1 0.4 3.9 5.0 10.1 5.3 2.7 4.9 1.0 15.7 10.0 11.8 12.4 8.7 1.4 4.0 8.3 5.8 33.0 27.1 11.2 9.6 5.1 15.5 23.0 23.0 18.5 3.7 15.9 3.1 37.3 34.7 16.8 7.2 4.4 43.7 38.5 19.9 26.5 2.1 2.7 1.8 16.4 23.7 2.3 5.4 0.8 K 13.6 10.7 36.9 H 1.7 5.8 14.2 6.9 5.1 2.3 2.4 16.3 5.0 7.4 7.4 0.6 12.1 8.0 67.5 34.6 9.5 15.6 5.3 43.2 15.0 25.9 37.3 1.8 12.2 6.9 47.7 30.1 16.5 6.1 3.9 K 20.2 27.3 28.4 H 37.2 7.3 41.9 62.3 60.0 7.1 15.6 49.2 30.3 61.1 21.1 6.3 21.5 4.7 21.6 37.1 44.0 3.2 10.1 30.5 17.9 47.4 12.7 4.8 15.7 2.7 20.4 25.2 16.0 3.9 5.5 18.7 12.4 13.8 8.4 1.5 14.1 15.5 37.5 26.3 7.5 10.9 3.6 24.2 5.9 12.7 10.1 3.7 85.2 11.2 39.6 392.9 13.4 1.4 8.4 63.8 12.7 3.4 4.8 66.0 8.2 0.4 1.4 33.8 5.1 1.0 3.6 19.8 29.9 3.0 9.7 115.0 15.9 2.1 11.6 94.4 20.2 3.3 8.7 130.0 12.5 2.1 6.2 75.9 7.8 1.2 2.5 54.1 12.8 0.8 9.0 85.1 21.5 4.7 1.7 5.0 1.0 69.0 13.2 5.1 42.3 5.1 9.2 2.6 1.2 11.5 F 9.6 3.0 0.4 7.3 0.1 4.9 1.0 0.3 2.8 (*) 4.3 0.4 A 3.9 0.2 18.6 2.6 2.1 9.1 2.2 22.4 3.4 G 7.7 G 17.3 2.0 1.0 5.3 1.3 10.0 1.0 0.5 3.1 0.4 7.4 1.0 0.6 2.1 0.9 15.4 0.6 1.9 10.1 0.7 5.5 76.6 1.1 10.6 6.5 29.4 0.8 3.2 4.8 5.0 458.7 11.7 34.0 46.4 80.5 14.7 19.6 2.2 1.3 69.8 3.3 8.8 5.0 10.5 0.8 I (*) 0.4 93.9 1.8 4.8 11.4 21.0 2.7 0.4 0.5 0.1 32.9 0.2 1.9 2.6 6.1 (*) 0.3 (*) 0.2 46.1 0.3 1.8 5.4 5.2 0.6 G (*) 2.2 124.9 2.2 10.2 15.3 21.0 2.1 3.5 G 0.7 91.1 3.8 6.6 6.7 16.6 8.5 I F 2.4 206.0 24.2 10.3 13.6 26.8 0.6 7.9 F 2.1 112.8 21.3 7.0 9.9 14.7 0.2 3.4 0.3 0.2 93.1 2.9 3.3 3.6 12.1 0.4 4.6 A 0.7 75.1 3.2 5.9 3.9 7.1 6.5 3.4 A (*) A nonzero value that rounds to zero Note. Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F—500 to 999; G—1,000 to 2,499; H—2,500 to 4,999; I—5,000 to 9,999; J—10,000 to 24,999; K—25,000 to 49,999; L—50,000 to 99,999; M—100,000 or more. U.S. Bureau of Economic Analysis