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EMBARGOED UNTIL RELEASE AT 08:30 A.M. EDT, FRIDAY, AUGUST 24, 2018 Technical: Media: Mark Goddard Ryan Noonan Jeannine Aversa (301) 278‐9162 (301) 278‐9131 (301) 278‐9003 BEA 18‐41 Mark.Goddard@bea.gov Ryan.Noonan@bea.gov Jeannine.Aversa@bea.gov Activities of U.S. Multinational Enterprises: 2016 Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015, according to statistics released by the Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates. Employment in the United States by U.S. parents was nearly unchanged at 28.0 million workers in 2016. U.S. parents accounted for 66.3 percent of worldwide employment by U.S. MNEs, a decrease of 0.3 percentage points from 2015. Employment abroad by majority‐owned foreign affiliates (MOFAs) of U.S. MNEs increased 1.2 percent to 14.3 million workers and accounted for 33.7 percent of employment by U.S. MNEs worldwide. Employment by U.S. MNEs 40 80 30 25 70 Parent share of worldwide U.S. MNE employment (right axis) 60 50 20 40 15 30 10 20 5 10 0 0 1999 2004 2009 2014 2015 2016 U.S. parents Majority‐owned foreign affiliates U.S. Bureau of Economic Analysis –1– Percent Millions of employees 35 U.S. parents accounted for 22.3 percent of total private industry employment in the United States. Employment by U.S. parents was largest in manufacturing and retail trade. Employment abroad by MOFAs was largest in China, the United Kingdom, Mexico, India, and Canada. Worldwide current‐dollar value added of U.S. MNEs decreased 1.5 percent to $5.2 trillion. Value added by U.S. parents, a measure of their direct contribution to U.S. gross domestic product, was nearly unchanged at $3.9 trillion, representing 24.2 percent of total U.S. private industry value added. MOFA value added decreased to $1.3 trillion. Value added by MOFAs was largest in the United Kingdom, Canada, and Ireland. Worldwide expenditures for property, plant, and equipment of U.S. MNEs decreased 7.6 percent to $856.9 billion. Expenditures by U.S. parents accounted for $657.5 billion and MOFA expenditures for $199.5 billion. Worldwide research and development expenditures of U.S. MNEs increased 4.9 percent to $350.3 billion. U.S. parents accounted for expenditures of $296.9 billion and MOFAs for $53.5 billion. Activities of U.S. MNEs Billion $ 4,500 4,000 Value added 3,500 3,000 2,500 2,000 Expenditures for property, plant, and equipment 1,500 1,000 500 Research and development expenditures 0 2015 2016 U.S. parents 2015 2016 2015 2016 Majority‐owned foreign affiliates U.S. Bureau of Economic Analysis Additional statistics on the activities of U.S. parent companies and their foreign affiliates including sales, balance sheet and income statement items, compensation of employees, trade in goods, and more are available on BEA’s website. More industry detail for U.S. parents and more industry and country detail –2– for foreign affiliates are also available on the website and will be published in the September issue of the Survey of Current Business. Updates to the statistics Statistics for 2015 are revised to incorporate newly available and revised source data. Preliminary statistics for 2015 were released in November 2017 and highlighted in “Activities of U.S. Multinational Enterprises in 2015” in the December 2017 issue of the Survey of Current Business. Updates to Statistics on 2015 Activities of U.S. Multinational Enterprises Billions of dollars, except as noted Number of employees (thousands) Value added Expenditures for property, plant, and equipment Research and development expenditures U.S. Parents Preliminary Revised estimate estimate 28,302.2 28,045.6 3,961.3 3,949.2 700.5 712.6 284.3 277.8 Next release: August 2019 Activities of U.S. Multinational Enterprises: 2017 –3– MOFAs Preliminary Revised estimate estimate 14,124.1 14,081.0 1,357.5 1,358.8 229.4 214.8 54.8 56.1 Additional Information direct investment abroad and are conceptually consistent with BEA’s estimates of U.S. value added by industry. Resources Stay informed about BEA developments by reading the BEA blog, signing up for BEA's email subscription service, or following BEA on Twitter @BEA_News. 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 (API). BEA's news release schedule. More information on these statistics on the activities of U.S. MNEs will be provided in the September issue of the Survey of Current Business. More statistics on the activities of U.S. MNEs, including more detail by industry and country, are available on the BEA website. More information on the statistics on activities of U.S. MNEs is provided in U.S. International Economic Accounts: Concepts and Methods. BEA also publishes a companion series on the activities of U.S. affiliates of foreign MNEs. Data for 2016 will be released November 8, 2018. 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) expenditures include expenditures for R&D performed by the U.S. parent or the affiliate, whether the R&D was for their own use or for use by others and irrespective of the source of funding. Statistical conventions The statistics on the activities of U.S. MNEs are based primarily on data reported in the Annual Survey of U.S. Direct Investment Abroad (BE‐11) conducted by BEA. The statistics provide information on the operations and finances of U.S. parent companies and their foreign affiliates. The statistics on foreign affiliates cover the entire operations of the affiliate, irrespective of the percentage of U.S. ownership. A U.S. multinational enterprise (U.S. MNE) comprises the U.S. parent and its foreign affiliates. To compute the U.S. parent share of U.S. private industry employment, BEA used comparable statistics at the aggregate level for all U.S. private industries from BEA’s national income and product accounts (NIPAs) in line 3 (private industries) of Table 6.4D Full‐Time and Part‐Time Employees by Industry. A U.S. parent is a person (in the broad legal sense to include any individual, partnership, corporation, or other form of organization), resident in the United States, that owns 10 percent or more of a foreign business enterprise, referred to as its foreign affiliate. To compute the U.S. parent share of U.S. private industry value added, BEA used comparable statistics at the aggregate level for all U.S. private industries from BEA’s gross domestic product by industry accounts in line 2 (private industries) of the Value Added by Industry table. A majority‐owned foreign affiliate (MOFA) is a foreign business enterprise in which the combined ownership of all U.S. parents, either directly or indirectly, exceeds 50 percent. Supplemental information Definitions The U.S. parent share of U.S. MNE worldwide activity can change for a number of reasons. The changes do not uniformly correspond to either additions to, or subtractions from, employment and capital expenditures in the United States. Examples of factors—other than production shifting—that can change parent and affiliate shares of MNE activity include different rates of economic growth in the United States. Specifically, economic growth can occur in markets where investment takes place abroad or where the creation of new market opportunities abroad cannot be served by exports from the United States. Employment covers the total number of full‐time and part‐time employees on the payroll at the end of the year. 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 the gross domestic product of the firm’s country of residence. The estimates of value added in this release were prepared by summing cost and profit data collected in BEA’s surveys of U.S. –4– List of News Release Tables Table 1. Selected Data for U.S. Parents by Industry of U.S. Parent, 2016 Table 2. Selected Data for Majority‐Owned Foreign Affiliates by Industry of Affiliate, 2016 Table 3. Selected Data for Majority‐Owned Foreign Affiliates by Country, 2016 Table 4. Employment of Majority‐Owned Foreign Affiliates, Country by Industry of Affiliate, 2016 –5– Table 1. Selected Data for U.S. Parents by Industry of U.S. Parent, 2016 Millions of dollars Total assets (1) All industries Mining Oil and gas extraction Other Manufacturing Food Beverages and tobacco products Textiles, apparel, and leather products Wood products Paper Printing and related support activities Petroleum and coal products Chemicals Basic chemicals Resins and synthetic rubber, fibers, and filaments Pharmaceuticals and medicines Soap, cleaning compounds, and toilet preparations Other Plastics and rubber products Nonmetallic mineral products Primary and fabricated metals Primary metals Fabricated metal products Machinery Agriculture, construction, and mining machinery Industrial machinery Other Computers and electronic products Computers and peripheral equipment Communications equipment Audio and video equipment Semiconductors and other electronic components Navigational, measuring, and other instruments Magnetic and optical media Electrical equipment, appliances, and components Transportation equipment Motor vehicles, bodies and trailers, and parts Other Furniture and related products Miscellaneous manufacturing Wholesale trade Professional and commercial equipment and supplies Petroleum and petroleum products Drugs and druggists' sundries Other Retail trade General merchandise stores Clothing and clothing accessories stores Other Information Publishing industries Motion picture and sound recording industries Broadcasting (except Internet) and telecommunications Broadcasting (except Internet) Telecommunications Data processing, hosting, and related services Other information services Finance and insurance Depository credit intermediation (banking) Finance, except depository institutions Insurance carriers and related activities Professional, scientific, and technical services Architectural, engineering, and related services Computer systems design and related services Management, scientific, and technical consulting Advertising and related services Other Other industries Agriculture, forestry, fishing, and hunting Construction Utilities Transportation and warehousing Real estate and rental and leasing Management of nonbank companies and enterprises Administration, support, and waste management Health care and social assistance Accommodation and food services Miscellaneous services Expenditures for property, plant, and Total liablilities Owners' equity equipment (2) (3) (4) 40,406,935 558,545 289,259 269,285 8,283,976 686,743 365,914 42,366 7,343 150,420 28,012 1,113,655 1,894,544 184,799 143,217 1,312,041 132,967 121,520 150,993 70,907 240,100 176,621 63,479 454,605 212,791 96,166 145,648 1,092,866 328,800 180,600 (D) 30,066,004 324,393 157,580 166,813 4,950,727 430,620 188,941 20,394 3,353 104,185 25,980 541,655 1,158,288 129,756 109,343 800,631 53,578 64,981 107,448 49,769 154,046 115,757 38,290 279,255 152,926 34,955 91,375 530,630 162,769 90,502 (D) 307,376 260,430 (D) 123,948 143,371 (D) 208,807 1,347,379 668,658 678,721 21,764 407,556 1,585,331 75,767 124,063 164,467 1,221,034 976,760 279,732 88,600 608,429 2,685,148 447,213 76,431 1,589,525 621,637 967,888 140,251 431,728 22,693,566 8,765,929 6,771,257 7,156,380 799,313 65,261 393,748 71,145 77,157 192,003 2,824,297 35,875 124,162 728,332 569,861 476,269 215,695 194,622 167,115 199,991 112,376 121,407 1,008,660 501,335 507,326 15,542 210,551 975,508 50,989 81,259 119,318 723,942 631,851 164,203 55,457 412,191 1,641,925 226,585 33,940 1,124,321 411,352 712,970 95,279 161,800 19,238,360 7,617,530 5,485,395 6,135,435 434,996 32,230 198,755 41,823 45,676 116,512 1,868,244 23,333 76,199 514,213 401,632 293,663 59,298 128,073 127,979 161,142 82,712 10,340,931 234,152 131,679 102,473 3,333,249 256,123 176,973 21,972 3,990 46,235 2,032 571,999 736,256 55,043 33,874 511,410 79,390 56,540 43,545 21,137 86,054 60,865 25,189 175,349 59,865 61,211 54,273 562,236 166,031 90,098 5,441 183,428 117,059 179 87,400 338,719 167,324 171,395 6,222 197,005 609,823 24,777 42,804 45,149 497,093 344,909 115,528 33,143 196,238 1,043,223 220,628 42,491 465,204 210,286 254,918 44,972 269,928 3,455,206 1,148,399 1,285,862 1,020,945 364,317 33,031 194,993 29,322 31,481 75,491 956,053 12,542 47,963 214,119 168,229 182,606 156,397 66,549 39,136 38,849 29,665 657,451 38,615 24,194 14,421 212,688 14,016 4,196 1,594 330 4,444 1,360 35,834 32,440 6,727 5,657 13,296 2,642 4,118 4,489 1,939 7,637 5,481 2,156 11,017 6,194 1,796 3,027 24,942 7,419 1,836 306 11,644 3,730 7 4,491 57,323 46,234 11,089 663 5,972 45,600 1,489 7,691 1,990 34,430 43,717 12,886 4,435 26,396 93,074 8,836 1,382 66,124 18,066 48,058 2,847 13,885 64,270 8,463 41,841 13,966 12,173 1,096 6,248 619 1,045 3,165 147,314 1,208 3,454 45,781 35,990 37,330 589 5,705 6,667 6,030 4,561 Sales (5) 12,622,451 138,383 57,879 80,504 4,287,933 470,830 119,681 39,456 9,536 90,542 25,687 603,833 644,384 97,130 39,450 379,525 67,471 60,807 93,882 29,596 181,390 138,129 43,261 236,831 89,257 43,395 104,179 539,655 170,061 69,387 10,570 159,965 129,341 331 107,581 899,193 529,155 370,038 22,821 173,035 1,772,586 108,579 136,310 458,996 1,068,701 1,610,663 586,419 125,147 899,097 1,098,187 182,925 28,013 599,906 232,974 366,932 146,339 141,004 2,067,697 422,727 494,543 1,150,428 439,745 56,366 148,405 41,208 32,051 161,715 1,207,258 13,249 125,496 172,910 331,570 124,146 641 135,253 129,883 114,843 59,267 Net income (6) 1,134,856 -30,921 -26,595 -4,327 435,842 31,607 34,724 2,877 467 9,088 255 17,680 119,816 8,791 6,615 88,819 10,597 4,994 7,756 1,648 4,333 1,122 3,211 15,739 3,859 3,511 8,368 99,861 (D) (D) 541 20,680 18,084 24 8,347 60,756 25,091 35,665 1,301 19,586 67,074 1,628 4,108 10,798 50,540 64,365 20,351 7,915 36,100 130,738 29,768 375 62,788 35,430 27,358 5,215 32,592 291,532 97,840 132,333 61,359 72,423 1,282 28,851 3,812 2,399 36,079 103,804 1,737 3,504 11,745 25,581 19,329 6,961 8,300 9,177 13,457 4,012 Value added (7) 3,925,690 67,958 33,361 34,598 1,386,550 108,120 68,322 12,014 3,914 33,281 9,791 125,434 280,556 30,504 13,300 185,118 31,701 19,933 36,507 11,338 51,408 34,271 17,137 78,512 20,306 20,344 37,862 219,591 79,649 26,414 3,326 53,090 56,952 160 37,249 232,182 102,717 129,465 8,264 70,067 235,584 16,307 13,191 25,494 180,593 387,077 147,130 42,872 197,075 469,314 90,719 7,079 268,715 107,119 161,596 35,090 67,710 513,290 205,907 175,375 132,008 248,567 22,702 78,429 25,213 17,910 104,314 617,350 5,635 41,435 70,472 180,492 70,122 5,993 67,837 82,125 66,340 26,899 Research and development performed by Compensation parents of employees (8) (9) 296,879 798 (D) (D) 193,778 2,530 479 201 50 1,881 183 2,768 61,271 1,160 3,601 53,151 2,372 987 1,465 415 1,203 642 561 9,483 3,785 2,575 3,123 58,243 16,017 9,394 828 20,857 11,147 0 4,057 39,914 16,629 23,285 598 9,037 7,306 1,928 (D) 1,986 (D) (D) 0 (D) (D) 47,472 20,012 (D) 2,926 (D) (D) 2,714 (D) 748 (D) 331 (D) 25,650 (D) 15,593 (D) 175 8,039 (D) (D) 78 9 (D) (D) 0 495 (D) 131 341 2,196,665 29,702 7,931 21,771 725,278 54,906 12,182 7,680 1,884 19,388 7,334 44,291 112,985 12,380 9,698 68,796 10,869 11,242 20,490 7,312 35,373 23,459 11,915 55,183 17,573 12,610 25,001 116,114 28,271 15,816 2,283 30,407 39,209 127 24,698 151,397 53,903 97,494 5,794 48,268 123,462 12,930 3,285 12,439 94,808 194,632 78,116 23,766 92,749 215,689 54,711 4,412 97,229 39,752 57,477 22,157 37,179 364,387 119,449 119,525 125,413 176,442 21,207 56,928 20,660 13,171 64,476 367,073 2,140 33,696 20,207 107,951 32,241 874 53,911 60,232 38,768 17,053 Number of employees (thousands) (10) 28,022.9 258.3 46.4 211.9 7,275.5 847.8 143.9 178.2 30.5 182.6 113.8 271.8 905.4 116.2 84.7 423.9 149.3 131.4 314.0 81.9 452.9 284.7 168.2 565.2 155.7 130.6 278.8 899.9 182.6 120.2 K 229.0 337.8 G 269.5 1,424.1 636.4 787.7 83.7 510.5 1,684.0 144.9 34.9 125.1 1,379.1 5,928.2 2,471.5 902.1 2,554.6 2,183.7 464.3 107.2 1,072.5 507.3 565.1 238.9 300.8 2,853.4 1,012.0 697.5 1,143.9 1,642.4 216.0 489.5 203.6 119.2 614.2 6,197.3 37.6 333.7 179.3 1,363.8 353.8 7.8 1,141.2 874.2 1,437.0 468.8 Table 2. Selected Data for Majority-Owned Foreign Affiliates by Industry of Affiliate, 2016 Millions of dollars Number of affiliates with assets, sales, or net income (+/-) greater than $25 million (1) All industries Mining Oil and gas extraction Other Manufacturing Food Beverages and tobacco products Textiles, apparel, and leather products Wood products Paper Printing and related support activities Petroleum and coal products Chemicals Basic chemicals Resins and synthetic rubber, fibers, and filaments Pharmaceuticals and medicines Soap, cleaning compounds, and toilet preparations Other Plastics and rubber products Nonmetallic mineral products Primary and fabricated metals Primary metals Fabricated metal products Machinery Agriculture, construction, and mining machinery Industrial machinery Other Computers and electronic products Computers and peripheral equipment Communications equipment Audio and video equipment Semiconductors and other electronic components Navigational, measuring, and other instruments Magnetic and optical media Electrical equipment, appliances, and components Transportation equipment Motor vehicles, bodies and trailers, and parts Other Furniture and related products Miscellaneous manufacturing Wholesale trade Professional and commercial equipment and supplies Petroleum and petroleum products Drugs and druggists' sundries Other Retail trade General merchandise stores Clothing and clothing accessories stores Other Information Publishing industries Motion picture and sound recording industries Broadcasting (except Internet) and telecommunications Broadcasting (except Internet) Telecommunications Data processing, hosting, and related services Other information services Finance and insurance Depository credit intermediation (banking) Finance, except depository institutions Insurance carriers and related activities Professional, scientific, and technical services Architectural, engineering, and related services Computer systems design and related services Management, scientific, and technical consulting Advertising and related services Other Other industries Agriculture, forestry, fishing, and hunting Construction Utilities Transportation and warehousing Real estate and rental and leasing Management of nonbank companies and enterprises Administration, support, and waste management Health care and social assistance Accommodation and food services Miscellaneous services Total assets (2) Net property, plant, and equipment (3) Expenditures for property, plant, and equipment (4) Sales (5) Net income (6) Value added (7) Research and development performed (8) Compensation of employees (9) Number of employees (thousands) (10) 34,881 1,121 528 25,226,581 1,038,676 701,387 1,367,094 424,302 323,260 199,478 46,267 36,010 5,781,264 171,432 97,929 1,015,559 1,006 -3,468 1,300,419 80,696 54,065 53,451 283 78 599,410 18,728 6,765 14,256.1 231.1 52.9 593 10,639 651 231 153 31 229 85 47 2,603 470 271 721 556 585 467 197 688 276 412 1,152 185 181 786 1,560 252 205 51 549 487 16 450 1,009 833 176 42 1,044 3,930 614 166 571 2,579 713 67 166 480 1,662 557 172 326 81 245 200 407 5,398 431 4,143 824 1,904 237 568 251 294 554 9,514 143 161 222 683 1,049 5,813 742 54 321 326 337,288 2,866,933 199,122 112,357 18,097 8,265 44,372 12,218 107,229 756,378 109,032 80,644 372,276 86,534 107,892 66,153 45,929 125,145 63,660 61,485 310,813 59,841 36,053 214,919 461,526 169,856 33,335 10,133 162,468 81,872 3,863 129,321 253,839 214,412 39,427 3,324 212,845 1,122,724 164,135 67,002 296,938 594,649 300,600 111,611 22,627 166,362 551,985 246,288 23,537 169,911 47,351 122,560 33,802 78,448 8,966,193 2,386,696 5,411,657 1,167,840 525,917 33,091 241,393 107,853 35,878 107,702 9,853,553 19,889 28,859 125,262 127,541 443,183 8,700,051 163,079 21,358 122,579 101,750 101,041 428,266 34,397 19,255 2,665 2,279 13,685 1,800 24,638 101,485 28,495 10,775 31,026 13,335 17,853 14,243 16,396 28,196 19,066 9,130 25,520 8,413 2,928 14,180 59,347 14,102 2,799 780 36,810 4,673 182 8,477 55,402 50,071 5,331 626 19,857 45,290 5,479 8,372 6,091 25,347 58,288 (D) 10,257 63,510 5,654 3,797 361 181 1,516 176 1,900 13,467 2,575 1,059 5,732 1,843 2,258 2,148 1,497 2,376 1,165 1,211 3,548 1,178 479 1,891 13,195 1,504 493 168 10,340 637 53 1,515 8,738 8,086 652 69 3,372 9,192 2,116 888 1,032 5,156 7,408 3,771 649 2,988 15,936 1,987 311 10,016 1,119 8,896 1,554 2,067 7,215 1,127 4,628 1,461 6,478 567 3,959 639 224 1,087 43,473 999 319 7,904 5,435 19,143 32 1,202 609 3,705 4,125 73,503 2,462,441 190,080 80,367 16,953 5,725 39,201 12,539 124,655 524,144 78,500 47,338 241,228 81,369 75,710 54,158 29,470 81,571 43,520 38,051 170,319 44,656 22,993 102,670 528,354 285,333 25,123 7,071 150,526 55,288 5,013 57,113 413,671 379,381 34,291 4,023 130,098 1,309,393 184,938 170,457 243,607 710,390 339,483 154,744 28,039 156,701 298,968 111,704 13,008 64,463 19,003 45,460 17,695 92,099 492,887 61,372 260,271 171,243 284,558 30,664 136,634 28,699 16,364 72,197 422,103 12,400 21,487 26,822 77,040 97,365 2,298 75,354 7,208 54,164 47,964 4,474 197,257 6,327 12,460 1,035 612 2,102 -108 8,128 65,901 5,192 6,263 40,534 7,113 6,800 4,744 1,691 4,063 2,017 2,046 26,668 1,680 1,972 23,016 30,204 21,654 -6,522 541 10,809 3,625 96 17,242 6,014 4,949 1,064 152 10,023 55,998 8,980 4,433 10,693 31,893 13,996 4,298 1,001 8,696 29,604 20,358 1,117 2,394 1,107 1,288 1,336 4,399 131,206 13,630 99,472 18,104 41,011 1,556 11,502 9,197 1,236 17,519 545,481 -113 495 4,355 3,234 29,597 487,680 10,930 220 4,731 4,351 26,631 557,619 32,119 53,191 3,832 1,878 8,747 2,039 38,054 127,344 15,433 9,045 67,138 17,169 18,560 15,333 9,142 20,087 9,907 10,180 58,649 12,231 5,292 41,126 85,519 37,481 3,583 1,674 29,274 13,109 397 13,017 53,683 46,561 7,122 1,060 33,927 157,574 30,601 11,035 24,891 91,047 78,992 32,629 5,870 40,493 85,021 36,295 3,073 21,145 5,891 15,254 7,841 16,667 87,966 27,825 37,645 22,496 123,643 10,802 54,829 15,089 8,556 34,367 128,909 2,494 5,481 11,825 23,646 43,910 -48,595 39,838 3,638 23,438 23,233 204 31,277 526 75 100 11 112 70 40 9,147 231 242 7,317 489 868 439 124 286 112 174 2,940 808 813 1,319 7,633 1,148 1,094 273 3,558 1,558 3 622 6,880 6,187 692 11 2,261 3,999 1,243 (D) 11,964 219,148 15,183 7,125 2,199 1,039 4,167 1,490 2,226 44,189 6,010 3,860 20,108 5,588 8,623 7,914 4,362 10,806 4,875 5,931 26,853 7,007 3,355 16,491 31,059 9,734 3,075 917 10,410 6,695 230 7,334 35,572 30,898 4,674 754 16,877 58,057 17,124 1,345 10,520 29,068 33,271 15,636 3,717 13,917 37,291 14,377 1,051 8,204 1,699 6,505 4,902 8,758 64,467 15,888 33,752 14,827 80,402 8,637 38,029 12,189 6,817 14,730 88,046 1,381 4,601 2,380 13,749 10,689 1,692 28,275 2,534 11,825 10,921 178.2 5,411.4 456.2 241.9 155.6 20.6 108.0 56.5 15.0 677.1 84.4 55.1 274.2 126.1 137.4 201.7 96.1 255.6 106.9 148.6 523.5 115.6 52.8 355.1 859.7 246.0 99.6 29.1 364.7 114.2 6.2 240.1 1,106.4 1,011.2 95.3 28.9 368.7 944.4 234.9 12.4 160.6 536.5 1,576.0 929.2 160.2 486.6 642.9 184.7 20.3 130.6 24.3 106.3 173.7 133.6 703.8 190.6 302.6 210.6 1,427.7 119.3 778.8 127.2 97.6 304.7 3,318.7 84.1 54.1 36.0 333.1 174.6 26.8 1,155.5 60.1 1,148.4 246.1 3,428 (D) 56,901 8,521 1,548 35,714 8,635 27,079 4,166 6,951 35,949 5,987 23,050 6,912 26,843 1,869 15,001 2,750 1,406 5,817 291,256 7,923 3,263 69,534 45,067 92,021 518 5,972 8,640 31,953 26,363 1,998 (D) 45 (*) 2 43 5,158 3,487 2 28 2 26 (D) (D) (D) (D) 29 4 12,157 (D) 4,262 921 16 (D) (D) (D) 4 8 3 3 40 110 (D) 5 66 All countries Canada Europe Austria Belgium Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Luxembourg Netherlands Norway Poland Portugal Russia Spain Sweden Switzerland Turkey United Kingdom Other Latin America and Other Western Hemisphere South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other Central America Costa Rica Honduras Mexico Panama Other Other Western Hemisphere Barbados Bermuda Dominican Republic United Kingdom Islands, Caribbean Other Africa Egypt Nigeria South Africa Other Middle East Israel Saudi Arabia United Arab Emirates Other Asia and Pacific Australia China Hong Kong India Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Thailand Other Addenda: European Union (28) OPEC Table 3. Selected Data for Majority-Owned Foreign Affiliates by Country, 2016 Millions of dollars Number of affiliates with assets, sales, or net income (+/-) greater than $25 million (1) 34,881 2,401 17,583 233 580 185 279 137 1,342 1,842 87 169 883 743 1,308 2,293 221 311 137 277 633 384 783 160 3,999 597 Total assets (2) 25,226,581 1,356,686 15,551,955 40,524 389,180 20,191 80,517 28,196 375,712 810,765 9,431 62,244 1,437,876 167,947 2,299,979 2,943,343 127,042 61,217 21,617 66,204 161,206 125,059 923,288 21,051 5,095,635 283,731 5,929 1,952 263 882 215 196 63 83 133 117 1,470 97 31 1,138 103 101 2,507 89 678 38 3,922,049 641,978 67,612 284,850 179,622 31,580 5,016 31,818 24,151 17,329 471,074 39,470 2,909 405,968 11,790 10,938 2,808,997 83,379 1,292,136 5,214 226,422 121,363 20,258 47,619 24,854 6,371 743 14,873 2,829 3,816 67,566 2,706 654 59,935 2,049 2,221 37,493 1,182 7,525 1,011 1,427 275 866 77 84 249 456 526 187 77 151 111 7,576 1,066 1,657 826 516 177 796 332 274 158 171 859 260 233 251 1,254,113 174,155 334,713 23,888 (D) 40,175 (D) 195,962 65,116 24,639 44,872 61,335 3,865,217 689,311 403,582 356,487 141,007 67,467 1,029,963 151,057 73,149 23,580 33,773 682,547 71,439 72,780 69,075 15,915 820 14,186,197 378,315 Net property, Expenditures for plant, and property, plant, equipment and equipment (3) (4) 1,367,094 199,478 200,259 23,805 495,684 82,883 4,272 1,650 15,997 2,800 3,527 475 5,437 461 2,666 236 29,458 5,342 47,658 7,802 856 113 3,678 499 69,064 10,223 16,576 3,839 12,869 1,508 29,163 9,027 20,017 1,803 10,950 1,618 1,712 151 12,093 1,382 14,789 3,312 4,332 589 13,987 3,863 2,017 (D) 127,875 19,096 46,692 (D) Research and development Compensation of performed employees (8) (9) 53,451 599,410 3,577 61,664 31,267 302,152 548 3,586 1,735 10,647 76 2,100 628 3,834 524 1,388 2,262 32,641 8,972 50,780 29 842 105 1,648 2,879 9,124 796 14,451 132 1,577 1,234 17,808 312 4,255 277 4,580 52 1,261 170 4,169 361 10,569 709 5,843 3,026 13,325 89 1,964 5,953 100,878 399 4,883 Number of employees (thousands) (10) 14,256.1 1,204.2 4,715.6 48.0 125.7 83.2 40.3 20.4 481.4 701.3 15.7 67.4 121.0 223.6 22.5 250.8 42.0 192.4 30.6 162.1 175.7 71.7 102.7 51.0 1,473.4 212.8 Sales (5) 5,781,264 540,143 2,795,689 22,128 136,497 14,292 18,312 13,543 189,346 341,312 5,177 16,912 362,426 108,849 66,599 266,128 28,565 40,638 9,665 40,619 83,030 34,616 313,958 27,268 606,521 49,290 Net income (6) 1,015,559 27,271 664,970 2,111 13,371 788 1,370 -6,840 7,192 17,999 99 4,223 146,359 5,302 98,378 185,609 14,672 2,648 454 -115 5,826 4,800 65,013 885 99,001 -4,174 Value added (7) 1,300,419 118,863 665,004 5,707 25,313 4,550 5,495 1,291 49,765 80,697 2,235 3,756 90,971 28,485 3,293 56,987 12,585 11,382 3,357 10,289 16,202 9,769 55,648 9,495 166,067 11,666 30,770 16,869 2,428 8,047 3,135 764 73 1,331 355 736 9,264 1,348 89 7,367 169 291 4,637 (D) 547 285 722,095 296,515 43,047 162,704 32,840 19,832 5,004 12,629 12,590 7,868 265,301 13,447 3,443 231,529 7,587 9,294 160,280 16,946 56,651 3,614 170,859 1,405 1,524 -3,132 2,590 278 119 -370 -209 605 21,632 1,069 80 19,355 338 790 147,821 1,569 75,000 543 140,414 71,710 15,821 34,785 7,799 5,177 898 3,069 2,609 1,551 51,932 3,139 640 45,108 865 2,180 16,771 939 -8,476 1,126 1,957 1,127 130 794 35 64 1 79 21 2 519 84 5 412 13 6 310 (D) 53 3 64,497 36,568 5,483 21,515 3,449 2,466 475 1,512 1,174 495 24,070 1,611 443 20,738 477 801 3,859 28 1,137 257 2,823.1 1,115.3 130.6 632.0 146.0 90.1 17.7 47.5 36.9 14.5 1,621.6 90.0 45.5 1,384.3 24.9 76.9 86.2 0.9 9.8 24.4 14,447 13,327 81,273 5,800 (D) 3,851 (D) 28,020 5,581 4,114 9,057 9,269 335,435 80,165 59,851 5,689 17,785 21,931 28,417 15,653 11,544 3,012 5,814 33,559 9,011 12,762 30,243 1,331 (D) 7,891 1,426 1,486 437 4,542 3,415 621 261 934 1,599 50,715 8,569 10,810 1,253 3,111 3,014 5,605 1,901 1,447 476 899 5,536 2,177 1,623 4,294 59,507 23,561 77,550 11,937 10,865 29,392 25,357 60,990 19,911 9,562 23,378 8,138 1,584,796 140,078 345,329 133,809 83,326 23,910 230,125 66,625 44,966 12,821 21,421 366,327 36,328 50,604 29,128 58,423 12,286 3,650 -57 1,559 605 1,543 8,863 2,196 1,003 2,064 3,600 139,945 8,767 26,032 13,547 5,046 4,029 20,127 4,912 3,387 962 2,108 40,172 2,880 4,923 3,053 9,184 13,998 25,555 3,827 6,732 5,652 9,345 21,745 9,041 2,040 7,528 3,136 328,838 41,499 65,141 17,245 29,079 13,581 46,795 16,066 8,661 3,872 6,504 44,512 7,496 13,599 14,788 (D) (D) 114 23 (D) 58 (D) 2,667 2,574 15 76 2 13,868 852 3,495 155 3,352 20 2,797 905 528 30 83 1,155 383 97 14 1,415 1,023 7,460 712 1,211 3,214 2,323 10,970 5,397 2,006 2,537 1,030 152,667 25,802 29,037 10,864 19,755 2,647 25,874 7,347 3,173 1,648 3,143 14,052 3,274 2,815 3,238 23.5 27.5 246.4 36.9 9.2 105.9 94.4 137.7 70.3 22.7 29.1 15.6 5,129.2 304.6 1,749.7 141.5 1,220.7 113.8 350.6 120.4 165.2 37.5 334.0 193.6 99.5 157.0 141.0 408,341 98,025 69,641 9,167 2,361,776 98,887 583,516 12,037 571,957 39,781 27,503 160 276,932 11,525 4,288.2 245.7 All industries Mining (1) (2) 14,256.1 231.1 1,204.2 23.3 4,715.6 48.0 (*) 48.0 125.7 0.1 83.2 0.0 40.3 0.2 20.4 0.0 481.4 0.3 701.3 3.9 15.7 0.0 67.4 0.1 H 121.0 223.6 0.6 22.5 0.4 250.8 4.2 42.0 7.8 192.4 0.1 30.6 0.0 162.1 4.7 175.7 0.1 (*) 71.7 F 102.7 (*) 51.0 1,473.4 14.3 212.8 5.9 Table 4. Employment of Majority-Owned Foreign Affiliates, Country by Industry of Affiliate, 2016 [Thousands of employees] Manufacturing Of which: Electrical Professional, Computers equipment, scientific, Primary and and appliances, Finance and fabricated electronic and Transportatio Wholesale Retail and technical Other Food Chemicals metals Machinery products components n equipment trade trade Information insurance services industries Total (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) 5,411.4 456.2 677.1 255.6 523.5 859.7 240.1 1,106.4 944.4 1,576.0 642.9 703.8 1,427.7 3,318.7 290.4 30.8 30.0 19.2 24.1 24.5 8.6 64.9 101.7 385.1 29.1 37.8 74.3 262.4 1,878.3 127.9 300.0 117.0 241.6 196.9 78.2 377.5 402.6 462.5 229.9 236.9 392.8 1,064.5 G 24.3 1.2 4.9 1.0 3.5 1.8 5.8 4.8 2.2 1.5 4.5 3.5 7.2 62.0 5.2 19.6 3.1 8.4 3.9 0.5 6.4 13.5 2.2 5.2 7.1 7.7 28.0 G 53.7 1.5 3.1 3.2 6.1 7.1 20.3 4.1 1.1 1.7 1.0 7.9 13.7 21.1 0.8 9.2 1.2 4.4 2.3 0.1 0.1 4.2 1.1 4.4 0.7 3.9 4.7 (*) 10.5 1.3 0.3 2.7 1.1 0.1 0.0 1.6 0.1 2.5 0.2 2.4 3.0 197.2 11.0 30.8 15.7 34.9 18.0 5.4 20.0 43.4 17.4 11.8 15.0 36.6 159.9 382.4 10.8 67.7 19.0 48.5 57.5 13.2 91.2 52.7 50.0 19.6 14.0 56.2 122.7 (*) (*) 5.2 1.6 1.3 0.5 0.3 0.0 2.7 0.2 0.6 1.9 0.9 4.2 I 45.0 1.2 1.1 2.3 2.9 9.5 15.4 3.0 0.8 2.2 1.9 5.7 8.8 J 50.7 0.8 13.3 0.6 0.9 12.1 0.2 0.5 6.0 4.8 15.5 14.9 11.0 103.1 3.1 20.0 6.3 23.1 6.0 9.0 13.9 17.8 13.1 12.1 5.7 15.5 55.6 (*) (*) (*) 9.9 0.0 0.8 0.6 0.1 0.1 0.8 1.1 3.4 0.5 6.3 94.1 9.5 26.2 4.6 11.7 12.4 2.0 8.9 25.8 9.0 19.1 4.3 19.1 75.1 14.1 0.6 1.5 1.5 4.9 0.9 0.8 0.0 2.5 2.2 1.5 1.1 2.3 10.5 127.9 21.3 10.4 7.7 6.4 6.3 8.4 46.3 14.4 1.8 4.7 8.3 8.5 26.8 12.1 1.1 1.4 1.0 1.2 0.6 0.5 3.9 1.9 1.5 0.8 2.2 1.4 10.7 G 59.0 10.6 4.5 3.6 5.3 2.2 4.0 18.6 0.3 9.6 5.1 10.4 54.3 81.3 4.8 14.6 6.0 6.8 5.6 6.6 22.3 21.4 6.8 4.4 6.7 9.4 45.6 29.5 0.5 4.1 2.3 4.7 2.5 0.5 5.3 6.7 2.0 3.6 3.2 6.6 20.1 J 43.9 1.8 9.2 0.7 9.7 4.4 1.5 0.8 23.4 1.6 7.7 3.2 7.9 31.1 3.4 7.1 0.6 1.8 0.4 0.1 10.5 9.1 0.6 0.9 1.7 1.7 6.1 310.5 26.6 42.7 18.8 49.0 39.4 9.2 58.1 111.3 341.6 89.2 124.0 145.8 336.7 I 109.7 10.6 4.9 16.1 4.5 2.5 43.6 13.8 1.3 10.3 7.0 28.0 36.8 All countries Canada Europe Austria Belgium Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Luxembourg Netherlands Norway Poland Portugal Russia Spain Sweden Switzerland Turkey United Kingdom Other Latin America and Other Western Hemisphere 2,823.1 78.4 1,322.1 157.9 127.4 43.7 83.0 100.4 70.2 424.4 110.8 429.5 83.8 159.1 101.7 537.8 South America K M M 1,115.3 57.7 444.2 77.6 80.3 14.4 16.5 22.9 89.2 51.6 55.8 82.7 57.7 Argentina J J 130.6 7.2 53.7 13.3 12.8 0.7 3.0 0.4 0.3 11.0 8.2 9.3 10.3 9.0 Brazil L M 632.0 13.4 310.0 45.0 45.6 11.8 32.4 13.8 21.4 68.4 25.0 30.3 48.3 35.3 Chile H (*) K L 146.0 6.2 15.3 5.7 0.4 0.5 0.4 0.4 4.6 5.7 12.0 4.9 Colombia H 90.1 13.1 22.8 4.6 4.1 1.2 0.8 1.6 0.8 4.4 2.0 4.8 7.8 5.6 29.6 Ecuador G (*) (*) 17.7 1.1 7.1 0.8 0.0 0.1 0.6 4.1 0.5 0.3 1.6 0.9 2.3 Peru (*) (*) (*) (*) 47.5 13.2 7.5 2.4 1.9 0.4 0.0 2.5 0.8 0.7 0.7 22.1 Venezuela (*) H I 36.9 1.4 21.1 5.6 9.2 0.2 0.4 0.1 4.9 2.3 0.6 1.6 0.9 Other A (*) (*) G G G (*) 0.6 0.9 0.5 0.4 14.5 2.2 6.9 1.9 0.2 Central America 1,621.6 15.5 844.0 78.5 42.8 29.1 40.8 82.0 47.1 335.1 54.5 299.4 24.6 69.8 41.0 272.8 Costa Rica I H G I J J F 90.0 0.0 31.7 7.0 0.2 0.1 0.5 10.6 21.0 Honduras H (*) I H H 45.5 0.0 28.5 0.1 0.0 0.0 0.2 1.0 0.1 0.1 9.9 Mexico 1,384.3 15.0 746.1 59.8 33.2 27.2 40.7 75.1 45.5 322.6 39.1 264.1 23.4 59.4 30.1 207.0 Panama (*) G J 24.9 0.5 2.6 0.3 0.7 0.2 0.1 0.0 0.0 0.8 0.3 1.0 0.2 Other A (*) F J J (*) H 0.3 6.0 0.1 76.9 0.0 34.9 9.8 1.7 1.5 Other Western Hemisphere H (*) H K 86.2 5.2 33.9 1.7 4.4 0.3 1.9 0.2 4.7 3.4 6.5 2.9 Barbados (*) (*) (*) (*) 0.9 0.4 0.0 0.0 0.3 0.1 0.0 0.0 0.3 0.0 0.1 0.1 Bermuda G (*) G G 9.8 0.6 0.0 0.0 0.0 0.0 0.0 0.5 0.0 3.6 0.1 1.7 Dominican Republic G G (*) 24.4 0.0 20.9 0.1 0.1 0.1 0.0 0.8 1.0 0.1 0.2 0.2 1.3 United Kingdom Islands, Caribbean G G (*) (*) H (*) (*) I 23.5 2.3 8.5 0.0 2.7 0.0 1.1 1.9 Other A F A G F G G J 0.2 0.1 27.5 2.3 0.2 0.0 1.5 0.7 Africa K K 246.4 20.6 113.1 15.4 8.1 2.5 5.9 2.9 1.9 26.3 19.2 4.2 13.2 7.5 Egypt 36.9 1.5 18.6 8.7 1.9 0.6 0.1 0.1 0.0 0.0 8.3 0.0 0.5 0.7 0.8 6.5 Nigeria (*) (*) (*) 9.2 5.6 2.2 0.0 0.3 0.6 0.0 0.0 0.6 0.0 0.3 0.4 0.1 South Africa G J K J 105.9 0.4 36.1 3.5 5.0 0.6 4.7 2.2 8.4 3.1 7.1 5.8 Other F J 94.4 13.0 56.2 3.1 0.8 1.2 0.6 0.7 2.0 0.5 0.3 5.0 0.9 16.5 Middle East 137.7 14.2 42.7 4.0 3.8 1.1 9.2 14.3 0.6 0.3 8.1 0.7 10.2 4.9 30.4 26.6 Israel 70.3 0.2 26.9 0.3 2.4 0.4 5.4 12.6 0.5 0.3 5.2 0.2 6.4 1.2 13.9 16.3 Saudi Arabia H 22.7 6.8 5.2 0.6 0.2 0.9 0.2 0.0 0.0 0.5 0.2 0.6 0.2 6.2 3.0 United Arab Emirates 29.1 2.7 6.6 0.1 0.7 0.4 2.7 1.5 0.1 0.0 1.9 0.2 2.9 2.0 6.3 6.5 Other F 15.6 4.6 4.0 0.1 0.3 0.2 0.0 0.0 0.0 0.5 0.0 0.3 1.5 3.9 0.8 Asia and Pacific M M 5,129.2 46.6 1,765.0 120.2 207.8 72.1 159.7 520.7 80.5 213.1 302.0 285.7 251.9 820.9 Australia 304.6 11.0 79.7 12.4 12.4 6.4 8.7 6.9 1.6 8.4 33.7 16.7 20.5 15.5 43.7 83.9 China 1,749.7 2.5 740.1 48.3 81.2 43.4 82.4 196.8 56.3 99.0 97.2 150.7 21.9 13.1 80.9 643.3 Hong Kong (*) (*) 141.5 40.5 0.2 4.2 1.5 4.4 5.8 2.4 16.6 5.4 4.6 22.4 16.4 35.6 India J M 1,220.7 1.1 209.0 11.3 39.0 6.1 26.5 36.3 9.4 44.3 51.2 139.5 88.0 556.8 Indonesia F 113.8 21.9 62.8 10.4 6.2 0.1 2.6 2.7 0.7 3.3 0.4 1.8 5.2 1.2 17.1 Japan 350.6 0.0 85.9 1.0 25.4 1.1 10.6 24.2 1.1 7.4 34.3 54.9 10.9 43.1 37.7 83.8 Korea, Republic of 120.4 0.2 60.2 0.9 5.7 1.0 5.3 14.4 0.7 22.4 9.4 7.1 2.5 9.4 7.2 24.4 Malaysia H 165.2 2.2 123.5 2.8 4.8 1.6 3.9 92.2 2.1 6.1 1.3 1.3 5.9 8.2 16.6 New Zealand 37.5 0.1 7.9 2.2 1.0 0.1 1.1 0.9 0.1 0.0 3.4 3.1 1.8 2.6 4.4 14.1 Philippines (*) H G H I M 334.0 69.5 1.7 1.9 0.1 36.9 3.3 1.8 60.5 36.1 Singapore 193.6 2.6 79.6 1.7 8.4 1.4 8.3 32.4 2.2 6.1 19.7 1.4 12.0 21.2 13.6 43.5 Taiwan 99.5 0.0 39.0 0.7 4.3 2.1 2.7 18.8 0.2 3.7 10.2 5.0 3.1 8.2 5.0 28.9 Thailand 157.0 3.0 102.2 16.9 9.2 1.4 2.9 41.7 0.4 12.7 9.3 3.4 1.1 6.1 3.6 28.3 Other G (*) G I L 141.0 1.8 65.0 9.6 4.1 0.1 10.6 4.3 0.8 4.1 6.0 Addenda: European Union (28) 4,288.2 28.9 1,710.7 107.7 276.0 108.5 219.3 188.6 74.1 360.4 345.7 457.3 209.0 221.3 352.2 963.1 OPEC F 245.7 49.1 106.7 21.3 17.8 1.7 7.4 4.7 6.2 12.9 1.8 9.1 11.2 18.9 36.0 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.
@FedFRASER