The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
EMBARGOED UNTIL RELEASE AT 08:30 A.M. EDT, FRIDAY, AUGUST 23, 2019 Technical: Media: Ryan Noonan Jeannine Aversa (301) 278-9131 (301) 278-9003 BEA 19-39 Ryan.Noonan@bea.gov Jeannine.Aversa@bea.gov Activities of U.S. Multinational Enterprises, 2017 Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.5 million workers in 2017 from 42.3 million in 2016, 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 increased 0.2 percent to 28.1 million workers in 2017. U.S. parents accounted for 66.1 percent of worldwide employment by U.S. MNEs, down from 66.3 percent in 2016. Employment abroad by majority-owned foreign affiliates (MOFAs) of U.S. MNEs increased 0.9 percent to 14.4 million workers and accounted for 33.9 percent of employment by U.S. MNEs worldwide. 40 80 35 70 30 25 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 2017 U.S. parents Majority-owned foreign affiliates U.S. Bureau of Economic Analysis –1– Percent Millions of employees Employment by U.S. MNEs U.S. parents accounted for 22.0 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, United Kingdom, Mexico, India, and Canada. Worldwide current-dollar value added of U.S. MNEs increased 2.0 percent to $5.3 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 22.9 percent of total U.S. private-industry value added. MOFA value added increased to $1.4 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 increased 2.0 percent to $853.2 billion. Expenditures by U.S. parents accounted for $653.6 billion and MOFA expenditures for $199.6 billion. Worldwide research and development expenditures of U.S. MNEs increased 3.3 percent to $354.9 billion. U.S. parents accounted for expenditures of $298.3 billion and MOFAs for $56.6 billion. Activities of U.S. MNEs Trillions $ Value added 4 3 2 Expenditures for property, plant, and equipment 1 Research and development expenditures 0 2015 2016 2017 U.S. Bureau of Economic Analysis 2015 2016 2017 2015 2016 U.S. parents Majority-owned foreign affiliates –2– 2017 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 for foreign affiliates are also available on the website and will be published in the September issue of the Survey of Current Business. New Statistics Available for U.S.-Headquartered MNEs A portion of U.S. MNEs (U.S. companies that own foreign affiliates) are ultimately foreign-owned. Because certain analyses require data that include only U.S.-headquartered MNEs (U.S. MNEs that are ultimately owned or controlled by a U.S. person), BEA has introduced a set of tables that feature U.S.-headquartered MNEs. The new tables include information on employment, value added, and sales. These data can be found in table 5 of the news release and in additional tables on BEA’s website. Updates to the statistics Statistics for 2016 are revised to incorporate newly available and revised source data. Preliminary statistics for 2016 were released in August 2018 and highlighted in “Activities of U.S. Multinational Enterprises in 2016” in the September 2018 issue of the Survey of Current Business. Updates to Statistics on 2016 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 28,022.9 28,022.6 3,925.7 3,916.2 657.5 641.5 296.9 289.4 Next release: August 2020 Activities of U.S. Multinational Enterprises, 2018 –3– MOFAs Preliminary Revised estimate estimate 14,256.1 14,265.4 1,300.4 1,302.1 199.5 195.1 53.5 54.3 Additional Information 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. 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 2017 will be released November 15, 2019. 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. Definitions A U.S. multinational enterprise (U.S. MNE) is composed of 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. 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. 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. U.S.-headquartered MNEs are U.S. MNEs that are ultimately owned or controlled by a U.S. person. Related Statistics Foreign-headquartered U.S. MNEs are U.S. MNEs that are ultimately owned or controlled by a foreign person. Statistics on the activities of U.S. 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. Employment covers the total number of full-time and part-time employees on the payroll at the end of the year. Statistics on direct investment and multinational enterprises include annual statistics on the activities of –4– U.S. affiliates of foreign MNEs, detailed annual and quarterly statistics on direct investment, and annual statistics on new foreign investment in the United States. 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. 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. 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. 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 List of News Release Tables Table 1. Selected Data for U.S. Parents by Industry of U.S. Parent, 2017 Table 2. Selected Data for Majority-Owned Foreign Affiliates by Industry of Affiliate, 2017 Table 3. Selected Data for Majority-Owned Foreign Affiliates by Country, 2017 Table 4. Employment of Majority-Owned Foreign Affiliates, Country by Industry of Affiliate, 2017 Table 5. Selected Data of U.S. Multinational Enterprises, 2017 –5– Table 1. Selected Data for U.S. Parents by Industry of U.S. Parent, 2017 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 42,143,617 551,622 282,362 269,260 8,626,437 726,101 324,681 43,762 7,282 149,557 26,767 1,144,601 1,943,927 191,684 157,094 1,296,052 162,033 137,066 147,788 70,915 250,677 177,084 73,593 500,315 214,716 116,792 168,806 1,232,811 393,943 186,130 (D) 350,887 285,070 (D) 211,756 1,427,431 719,536 707,895 22,007 396,061 1,743,672 86,226 136,302 170,468 1,350,676 1,007,673 296,223 89,907 621,543 2,881,182 521,543 80,495 1,671,079 315,341 1,355,738 156,577 451,488 23,675,975 9,204,149 7,244,820 7,227,006 794,959 65,428 352,469 101,421 80,000 195,641 2,862,099 38,327 132,342 730,833 567,630 495,323 198,806 208,927 162,091 169,645 158,175 Total liablilities (2) 31,272,341 308,879 148,219 160,660 5,066,273 428,437 162,743 21,065 2,973 97,158 26,221 521,562 1,208,619 125,674 123,559 825,097 57,680 76,609 104,929 50,339 156,891 112,571 44,321 295,960 152,349 34,462 109,149 600,136 193,945 98,803 (D) 143,822 152,834 (D) 118,281 1,055,291 526,212 529,080 15,474 200,194 1,040,200 57,435 89,021 122,909 770,835 646,729 178,870 56,016 411,843 1,745,047 285,253 36,770 1,154,752 209,735 945,018 102,820 165,452 20,136,261 8,050,311 5,915,041 6,170,909 464,337 31,653 209,867 60,687 46,262 115,868 1,864,615 24,674 81,590 503,489 393,556 300,393 45,897 140,479 122,920 141,176 110,441 Expenditures for property, plant, Owners' equity and equipment (3) (4) 10,871,276 242,743 134,143 108,600 3,560,164 297,665 161,937 22,696 4,308 52,400 546 623,039 735,309 66,009 33,535 470,955 104,353 60,457 42,858 20,576 93,785 64,513 29,272 204,355 62,367 82,331 59,658 632,675 199,998 87,327 5,853 207,065 132,236 195 93,475 372,139 193,324 178,815 6,533 195,867 703,471 28,790 47,281 47,559 579,841 360,944 117,353 33,891 209,700 1,136,135 236,289 43,725 516,327 105,606 410,721 53,757 286,036 3,539,714 1,153,838 1,329,780 1,056,097 330,622 33,775 142,602 40,734 33,738 79,773 997,484 13,653 50,752 227,345 174,074 194,930 152,909 68,448 39,170 28,469 47,735 653,637 45,082 31,627 13,455 193,325 13,931 3,763 1,701 349 4,243 1,409 28,855 29,990 7,025 4,946 12,683 2,992 2,345 4,149 1,853 7,979 5,609 2,370 8,067 3,722 1,658 2,687 26,852 6,676 1,748 332 14,114 3,974 7 4,302 48,880 38,138 10,742 663 6,339 42,287 1,355 8,121 1,935 30,876 48,188 13,477 4,671 30,040 99,217 8,028 1,830 67,258 4,266 62,993 2,973 19,128 66,034 9,958 42,114 13,962 12,207 999 4,610 1,296 1,043 4,259 147,296 1,160 3,578 48,736 38,069 32,453 604 5,878 6,386 6,422 4,010 Sales (5) 13,260,201 163,636 72,440 91,196 4,562,701 481,340 114,674 37,864 10,151 94,406 24,883 718,440 675,039 105,111 42,311 391,605 72,984 63,027 97,302 27,251 189,978 141,889 48,089 238,796 93,409 36,355 109,032 590,577 203,411 69,702 11,251 172,975 132,881 357 107,483 962,181 587,822 374,359 23,420 168,916 1,867,369 123,870 144,582 477,316 1,121,601 1,653,443 618,119 126,864 908,460 1,146,890 190,524 29,671 613,045 134,627 478,418 155,363 158,288 2,156,646 446,884 516,322 1,193,440 437,811 54,734 134,062 44,678 32,434 171,903 1,271,705 14,547 144,128 181,609 352,537 125,808 455 144,459 129,163 109,784 69,213 Net income (6) 1,249,804 -1,641 -8,631 6,990 430,360 37,000 20,693 1,218 728 10,768 374 46,505 88,356 13,211 4,533 41,867 22,036 6,708 7,426 957 9,167 4,920 4,248 21,776 5,306 7,238 9,232 103,634 47,773 11,610 602 28,421 15,205 23 9,997 49,025 29,171 19,854 1,161 21,577 101,126 11,777 4,868 11,414 73,068 67,163 18,663 7,350 41,150 181,885 34,230 456 99,342 21,384 77,959 8,014 39,842 287,734 97,857 115,710 74,167 62,781 1,499 18,687 3,616 2,596 36,384 120,396 2,301 4,492 17,954 35,149 14,318 7,254 10,581 6,524 15,308 6,514 Value added (7) 3,902,521 87,765 43,482 44,283 1,347,216 111,602 55,462 8,030 4,360 32,022 10,268 143,620 236,431 32,788 15,132 124,108 43,135 21,267 36,316 10,666 50,337 33,284 17,053 73,272 18,366 19,397 35,508 240,188 88,291 25,042 3,351 67,545 55,796 162 37,645 214,387 104,297 110,090 8,729 73,882 228,305 27,533 13,775 25,730 161,266 383,285 143,334 42,353 197,598 484,209 91,200 7,706 266,280 56,728 209,552 39,973 79,050 491,219 184,199 175,407 131,614 241,137 22,046 66,125 26,267 20,125 106,574 639,385 5,317 44,872 74,106 194,217 64,910 6,194 72,126 78,435 64,034 35,173 Research and development performed by parents (8) 298,321 927 (D) (D) 201,102 2,595 355 218 45 1,988 153 2,696 65,197 1,151 3,716 56,930 2,487 912 1,506 416 1,296 652 644 9,046 3,310 2,761 2,975 61,195 18,092 9,373 876 21,528 11,326 0 4,336 40,776 18,113 22,663 606 8,679 6,803 1,792 (D) 1,676 (D) 2,364 0 (D) (D) 51,782 20,780 (D) 3,187 (D) (D) 3,106 (D) 1,590 (D) 1,133 (D) 24,547 (D) 13,618 (D) 176 8,611 9,205 (D) 84 8 (D) (D) 1 639 (D) 85 323 Compensation of employees (9) 2,250,885 31,574 8,196 23,378 733,402 56,731 10,631 7,949 1,892 20,230 7,527 46,442 118,877 13,440 10,954 71,487 11,283 11,713 19,999 7,342 35,542 22,864 12,678 50,042 14,235 10,647 25,160 126,113 35,743 15,367 2,382 32,620 39,872 130 25,754 142,944 56,070 86,874 6,266 49,119 130,356 14,430 3,450 12,120 100,355 193,907 79,812 23,848 90,247 228,956 58,726 4,830 95,322 20,612 74,710 26,247 43,830 377,940 122,026 130,850 125,064 177,905 20,426 52,011 22,692 15,250 67,525 376,846 2,165 37,737 20,072 112,964 32,921 825 54,611 58,096 36,710 20,745 Number of employees (thousands) (10) 28,071.2 272.2 48.4 223.8 7,350.8 829.7 125.9 176.7 30.8 216.4 107.1 325.7 913.9 115.5 83.4 423.9 149.4 141.6 317.4 78.1 442.6 273.5 169.1 515.7 137.0 92.0 286.8 949.0 226.0 113.7 K 236.4 341.8 G 276.0 1,464.9 673.9 791.0 83.9 496.8 1,738.8 160.4 37.5 128.3 1,412.6 5,812.3 2,493.5 886.1 2,432.7 2,222.2 462.3 115.6 1,064.1 259.6 804.6 290.0 290.2 2,844.3 997.8 733.0 1,113.4 1,618.8 208.2 435.0 220.4 139.1 616.1 6,211.9 35.9 358.8 172.4 1,414.2 359.2 7.8 1,120.0 819.8 1,364.0 559.6 D Suppressed to avoid disclosure of data of individual companies. 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; M100,000 or more. Source: U.S. Bureau of Economic Analysis Table 2. Selected Data for Majority-Owned Foreign Affiliates by Industry of Affiliate, 2017 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 35,374 1,122 549 573 10,905 674 230 151 32 230 87 45 2,662 458 280 762 572 590 500 209 699 278 421 1,182 195 187 800 1,586 270 216 47 544 493 16 440 1,083 901 182 42 1,053 3,964 615 165 611 2,573 704 68 165 471 1,749 599 196 324 85 239 198 432 5,385 420 4,136 829 1,945 243 581 258 291 572 9,600 139 161 207 687 1,021 5,884 768 53 321 359 Total assets (2) 27,910,398 1,071,053 764,235 306,818 3,264,002 251,424 125,937 20,073 9,812 50,112 12,861 107,923 872,559 120,403 106,908 452,755 87,867 104,627 77,560 61,957 149,340 65,827 83,514 355,782 70,492 40,809 244,482 517,351 172,110 40,723 10,253 204,965 85,053 4,245 141,293 271,357 231,108 40,249 3,443 235,217 1,229,108 165,387 64,214 329,903 669,603 303,238 111,927 24,245 167,067 633,811 304,900 27,653 171,894 52,944 118,950 36,095 93,269 9,876,890 2,413,602 6,232,147 1,231,140 612,028 37,745 273,475 126,436 39,155 135,217 10,920,268 21,112 32,426 145,328 135,027 481,836 9,621,319 225,363 20,948 122,389 114,520 Net property, plant, and equipment (3) 1,437,988 418,639 326,705 91,934 475,572 40,695 22,554 2,597 2,045 14,108 1,866 26,294 110,721 31,024 13,650 36,496 12,357 17,196 16,413 18,809 29,545 19,331 10,214 26,677 8,059 2,988 15,631 69,582 14,261 4,810 737 44,973 4,602 199 8,652 63,327 57,415 5,912 539 21,148 50,626 8,126 8,823 7,415 26,263 63,231 (D) 3,682 (D) 56,980 9,158 1,836 35,053 9,348 25,705 3,457 7,476 37,379 6,105 24,094 7,180 29,323 1,869 16,813 2,544 1,470 6,627 306,237 8,210 3,521 74,114 46,177 93,671 815 7,620 8,939 32,447 30,724 Expenditures for property, plant, and equipment (4) 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 D Suppressed to avoid disclosure of data of individual companies. The number of affiliates includes only the affiliates that meet the stated threshold; all other data are for all majority-owned affiliates. Source: U.S. Bureau of Economic Analysis 199,590 41,011 33,421 7,590 68,684 6,233 3,484 412 183 1,389 191 1,776 14,392 4,482 1,319 4,499 1,954 2,138 2,399 1,998 2,741 1,290 1,451 3,351 857 484 2,011 13,876 1,206 576 210 11,172 653 59 1,528 10,868 10,139 729 71 3,790 9,565 3,111 928 1,108 4,419 6,696 3,417 654 2,625 14,183 2,427 399 7,698 1,193 6,505 1,205 2,454 7,303 727 5,309 1,267 6,735 564 3,892 523 333 1,423 45,412 955 783 7,841 5,227 20,687 50 2,010 684 3,297 3,878 Sales (5) 6,221,395 198,068 116,533 81,534 2,667,128 205,019 79,128 18,160 5,916 45,997 12,828 147,327 581,375 92,781 60,417 270,719 79,042 78,416 59,782 33,297 90,371 47,805 42,567 194,577 46,542 26,703 121,332 573,279 299,753 22,583 7,288 178,509 59,814 5,332 57,544 420,007 384,682 35,326 4,284 138,237 1,383,852 201,106 203,723 237,730 741,292 353,509 164,996 29,664 158,848 308,224 116,584 16,863 63,503 20,824 42,678 17,711 93,564 539,595 63,213 306,765 169,617 315,359 31,186 152,758 28,975 16,446 85,995 455,660 14,000 20,802 39,954 83,533 89,367 2,812 86,710 6,805 53,147 58,530 Net income (6) 1,293,166 25,948 16,044 9,905 237,007 15,243 11,366 975 741 4,317 127 5,998 64,875 8,194 6,871 34,675 6,714 8,421 3,502 1,642 5,580 2,708 2,871 28,135 4,195 1,676 22,264 50,686 23,989 919 486 17,322 7,887 82 19,469 9,773 8,960 814 68 14,510 64,888 9,577 4,212 12,634 38,466 12,174 1,922 1,389 8,863 30,679 14,716 2,160 4,975 2,711 2,264 3,322 5,506 154,772 13,563 124,643 16,566 54,488 1,704 14,425 4,363 1,264 32,732 713,209 1,260 247 3,024 4,509 38,014 645,486 7,379 432 7,103 5,756 Value added (7) 1,418,362 104,421 68,799 35,622 600,694 41,892 52,561 3,857 2,161 12,961 2,284 39,409 127,480 17,919 11,635 62,944 15,925 19,057 15,234 10,186 21,751 10,733 11,017 58,594 12,499 5,680 40,415 100,056 39,312 5,278 1,616 38,275 15,166 408 13,148 62,358 55,123 7,236 942 35,820 160,338 29,695 12,890 24,257 93,496 82,124 33,236 6,388 42,500 89,064 37,666 4,625 20,769 6,005 14,764 6,829 19,175 100,951 28,354 50,902 21,695 146,708 10,716 62,633 15,517 8,379 49,463 134,061 4,101 4,394 12,640 24,797 51,504 -62,173 42,428 3,674 24,065 28,632 Research and development performed (8) 56,598 316 65 251 31,613 741 78 91 15 104 60 42 8,965 251 282 7,197 470 764 512 146 348 86 262 2,823 785 673 1,365 8,110 905 1,033 300 4,232 1,638 2 661 6,611 5,826 785 12 2,294 4,878 943 (D) 3,193 (D) 42 1 2 39 5,469 3,346 3 31 3 28 (D) (D) 219 (D) (D) 3 13,518 562 4,936 906 12 7,103 542 (D) 3 5 8 (D) 29 120 (D) 3 79 Compensation of employees (9) 614,731 18,649 6,342 12,306 223,582 16,328 7,671 2,217 1,055 5,561 1,412 2,238 43,490 5,715 4,398 20,009 5,365 8,003 8,523 4,574 10,855 4,453 6,402 26,691 6,708 3,323 16,660 30,965 8,542 3,152 906 11,098 7,038 229 7,167 37,179 32,383 4,796 735 16,921 57,857 16,074 1,357 11,036 29,391 33,112 15,303 3,772 14,037 37,289 14,464 1,339 7,392 1,846 5,546 4,617 9,477 66,588 15,558 35,942 15,088 85,249 8,434 42,696 11,582 6,750 15,787 92,405 1,400 3,852 2,384 14,167 11,384 2,195 30,635 2,337 11,386 12,664 Number of employees (thousands) (10) 14,399.9 242.5 51.6 190.9 5,440.6 461.0 242.3 153.2 19.8 117.1 55.9 14.7 660.6 78.7 60.9 269.3 121.8 129.8 217.3 103.8 261.7 103.3 158.4 522.0 109.3 53.1 359.6 873.8 238.2 99.8 29.1 382.9 117.7 6.2 233.2 1,112.0 1,017.9 94.1 27.9 364.7 983.3 225.4 11.9 170.1 575.9 1,629.1 969.5 160.1 499.4 613.0 186.6 31.4 120.9 27.5 93.4 136.3 137.8 732.4 188.7 326.6 217.1 1,492.9 123.5 822.4 125.4 95.9 325.7 3,266.1 82.4 52.3 34.7 326.4 182.4 32.3 1,168.7 55.9 1,041.8 289.3 Number of affiliates with assets, sales, or net income (+/-) greater than $25 million (1) 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 Table 3. Selected Data for Majority-Owned Foreign Affiliates by Country, 2017 Millions of dollars Total assets (2) 35,374 2,417 17,827 235 573 192 282 143 1,348 1,858 88 170 903 761 1,307 2,328 219 320 141 284 651 389 788 168 4,073 606 27,910,398 1,418,580 17,274,717 42,246 428,406 23,267 76,344 29,133 408,383 860,096 10,795 89,399 1,785,352 187,402 2,573,703 3,261,172 121,302 66,247 18,952 61,574 181,264 124,800 1,043,686 22,215 5,573,920 285,061 Net property, plant, and equipment (3) 1,437,988 214,937 532,975 4,562 17,642 4,225 5,714 2,636 35,473 54,658 910 4,281 70,209 18,567 18,654 29,758 13,515 13,064 1,817 13,530 16,114 4,894 14,843 2,266 136,322 49,326 Expenditures for property, plant, and equipment (4) 199,590 21,948 83,399 477 2,767 663 510 334 6,580 8,619 107 576 10,125 4,363 2,785 8,036 1,450 2,045 201 1,889 2,355 1,002 2,862 (D) 18,337 (D) Sales (5) Net income (6) Value added (7) 6,221,395 587,493 2,976,441 23,289 161,044 17,198 19,604 9,570 200,159 338,985 5,331 16,857 368,999 114,658 82,402 289,788 30,942 43,661 10,848 45,005 83,592 34,803 351,375 27,587 643,519 57,226 1,293,166 38,503 838,947 1,819 9,439 945 1,310 718 7,283 15,166 425 3,378 178,667 6,696 121,423 259,194 9,093 1,993 408 1,273 6,961 4,910 69,627 868 110,650 26,699 1,418,362 131,276 715,037 6,226 27,066 5,184 5,286 3,116 52,053 85,514 2,612 4,302 97,478 32,005 8,701 69,606 13,580 11,737 3,303 11,218 17,408 9,956 52,780 9,073 179,738 7,094 Research and development performed (8) 56,598 3,513 32,877 533 1,368 127 660 268 2,009 8,177 40 108 3,350 849 172 1,377 287 371 55 201 421 844 4,735 87 6,415 423 Compensation of employees (9) 614,731 62,721 309,922 3,666 10,823 2,301 3,927 1,374 34,188 52,539 830 1,747 9,883 15,036 2,097 18,846 4,169 5,165 1,291 3,884 10,361 5,821 13,329 1,900 101,491 5,254 Number of employees (thousands) (10) 14,399.9 1,227.1 4,797.0 50.0 122.1 87.3 40.6 19.3 495.5 702.7 15.6 67.6 130.1 233.5 27.9 263.9 40.5 205.9 33.1 166.2 174.8 71.5 98.0 54.9 1,472.5 223.4 5,930 4,319,353 226,233 30,578 765,939 224,184 157,857 2,234 66,782 2,839.3 1,964 269 886 218 199 60 84 133 115 1,498 99 32 1,166 103 98 2,468 94 651 34 720,295 67,760 301,026 236,259 32,633 5,093 30,810 25,470 21,244 505,002 41,788 3,118 436,245 12,303 11,547 3,094,056 134,719 1,520,553 4,817 120,035 21,612 49,114 21,733 6,248 724 14,790 2,482 3,332 71,323 2,943 828 63,098 2,103 2,350 34,875 1,134 8,004 1,033 14,573 2,967 6,555 2,157 801 65 1,099 345 583 12,054 1,393 167 10,026 151 317 3,951 (D) 751 205 317,853 45,174 178,112 35,991 20,750 4,969 13,565 11,616 7,674 284,075 14,086 3,644 249,381 7,124 9,839 164,011 19,720 53,589 3,584 16,986 3,889 2,255 2,245 317 125 1,371 2,565 4,220 25,054 926 75 22,726 615 712 182,144 6,191 90,417 512 80,913 17,203 37,602 8,649 5,593 895 6,040 3,250 1,680 57,941 3,249 647 50,956 995 2,095 19,003 4,565 -12,634 1,130 1,269 130 886 52 73 4 107 15 2 633 104 4 504 14 7 332 1 77 2 38,290 5,941 22,643 3,568 2,587 454 1,677 987 432 24,612 1,696 425 21,200 497 794 3,880 22 1,243 256 1,122.2 136.6 634.7 153.6 89.8 17.4 46.4 30.9 12.9 1,629.5 94.9 47.6 1,395.2 18.1 73.6 87.6 0.9 13.5 22.5 1,423 1,254,254 11,469 947 62,008 75,086 11,431 (D) 1,376 23.6 266 878 76 87 254 461 554 198 79 164 113 7,768 1,088 1,727 842 533 180 786 343 280 162 176 889 260 241 261 179,713 342,638 23,218 (D) 42,243 (D) 215,892 71,955 25,495 50,878 67,564 4,339,217 779,063 446,712 414,879 164,917 64,955 1,022,012 169,613 80,466 25,535 36,091 896,146 81,538 78,912 78,378 13,234 76,212 5,724 (D) 3,981 (D) 29,178 6,613 3,947 9,643 8,975 358,453 81,891 64,981 8,093 21,386 20,889 28,956 16,877 11,842 3,208 6,057 35,517 13,407 13,448 31,901 (D) 6,889 1,296 1,429 624 3,539 3,233 607 194 901 1,531 53,544 8,786 11,703 1,172 4,490 3,446 4,791 1,911 1,635 519 1,016 6,295 2,684 1,417 3,681 25,109 82,242 11,469 11,731 31,607 27,436 65,147 20,696 9,454 25,589 9,409 1,744,132 153,406 375,634 140,316 94,121 25,106 235,272 70,891 46,955 13,882 22,388 437,309 39,238 56,227 33,386 9,938 6,397 522 2,268 1,043 2,565 12,458 2,717 891 2,984 5,866 172,676 15,756 25,920 18,266 7,778 4,814 22,004 5,424 3,699 1,349 2,058 51,858 3,491 5,852 4,409 14,512 27,648 3,668 7,805 5,849 10,326 24,601 9,901 1,560 9,326 3,814 361,942 48,329 71,515 19,024 34,747 14,217 46,574 16,250 9,344 4,156 6,452 49,775 8,815 15,165 17,580 (D) 116 20 (D) 62 (D) 2,832 2,621 15 194 2 15,026 940 3,650 197 3,586 29 2,875 1,014 612 34 102 1,421 441 111 14 982 7,294 608 1,055 3,442 2,189 11,898 6,084 1,866 2,817 1,130 156,114 26,249 30,276 11,197 21,824 2,399 25,167 7,523 3,277 1,679 3,021 13,779 3,464 2,969 3,292 27.1 252.0 37.0 9.0 112.4 93.7 140.5 74.2 20.6 29.9 15.8 5,143.8 323.0 1,734.6 134.3 1,292.2 107.8 357.4 120.4 168.2 38.1 296.2 186.4 83.6 159.8 141.8 16,140 15,794,909 448,124 71,106 2,493,397 731,127 683 343,286 77,798 5,444 81,331 16,601 D Suppressed to avoid disclosure of data of individual companies. The number of affiliates includes only the affiliates that meet the stated threshold; all other data are for all majority-owned affiliates. Source: U.S. Bureau of Economic Analysis 628,875 32,413 27,385 255 285,075 8,837 4,368.3 125.8 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 4. Employment of Majority-Owned Foreign Affiliates, Country by Industry of Affiliate, 2017 [Thousands of employees] Manufacturing Of which: All industries (1) All countries Mining Total Food Chemicals Primary and fabricated metals (2) (3) (4) (5) (6) Machinery (7) Electrical Computers and equipment, electronic appliances, and products components (8) (9) Transportation equipment Wholesale trade Retail trade Information Finance and insurance Professional, scientific, and technical services Other industries (10) (11) (12) (13) (14) (15) (16) 14,399.9 242.5 5,440.6 461.0 660.6 261.7 522.0 873.8 233.2 1,112.0 983.3 1,629.1 613.0 732.4 1,492.9 Canada 1,227.1 22.6 298.2 31.5 30.9 18.2 22.0 24.8 8.6 66.5 104.0 399.0 28.9 37.7 79.2 257.5 Europe 4,797.0 53.4 1,898.6 139.9 295.4 122.0 231.6 204.2 70.8 381.9 395.1 442.2 234.2 240.0 426.2 1,107.3 3,266.1 Austria 50.0 (*) 24.9 1.2 5.6 1.0 3.1 1.8 G 5.7 3.7 3.6 1.9 4.1 4.3 7.5 Belgium 122.1 0.6 57.5 5.3 19.5 1.7 6.0 3.1 0.5 6.2 11.2 2.5 5.1 6.5 8.7 30.0 Czech Republic 87.3 0.0 56.8 1.6 3.0 3.7 7.3 8.2 G 20.4 4.1 1.1 1.7 0.8 9.3 13.6 Denmark 40.6 0.2 22.9 8.8 2.3 1.2 5.3 2.2 0.1 0.1 4.0 1.1 4.4 0.6 3.2 4.4 Finland 19.3 0.0 10.7 (*) 1.2 0.3 2.6 1.1 0.1 (*) 1.5 0.2 1.3 0.2 2.3 3.0 France 495.5 0.3 195.0 10.8 29.4 16.0 34.1 17.0 4.8 20.6 43.0 14.5 12.8 14.2 37.2 178.5 Germany 702.7 3.9 375.5 10.3 68.8 22.4 51.2 53.1 11.6 82.3 56.4 48.3 20.4 14.3 54.3 129.6 Greece 15.6 0.0 5.1 1.6 1.4 0.5 0.1 0.1 (*) 0.0 2.6 0.2 0.6 1.6 1.1 4.2 Hungary 67.6 0.1 42.5 1.4 1.1 2.4 2.7 7.2 H 17.5 2.8 0.8 2.2 2.3 7.6 9.4 Ireland 130.1 H 50.8 0.8 13.3 0.7 1.0 12.0 0.2 0.5 6.9 5.0 17.1 18.0 13.1 J Italy 233.5 0.6 108.4 3.2 21.2 6.4 21.9 6.9 8.9 16.1 18.1 12.7 14.2 5.7 16.9 56.9 Luxembourg 27.9 G 16.4 0.0 6.8 0.3 0.5 (*) 0.1 (*) 0.1 0.8 1.2 3.6 0.5 H Netherlands 263.9 6.7 102.1 10.7 24.8 2.9 11.3 22.0 2.1 9.5 25.9 7.2 16.5 5.4 20.2 79.7 Norway 40.5 7.9 12.1 0.6 1.2 G 4.4 0.9 0.8 A 2.2 1.7 1.7 1.1 2.8 11.0 Poland 205.9 0.1 136.4 21.9 8.9 8.0 5.8 7.1 9.1 52.3 11.6 1.8 4.8 9.4 15.6 26.2 Portugal 33.1 0.0 14.6 1.1 1.5 0.9 1.4 1.2 0.5 5.7 2.1 0.9 0.9 2.1 1.4 11.1 Russia 166.2 4.4 61.8 10.6 4.4 4.3 5.0 2.4 G 3.4 20.5 0.3 3.8 4.8 11.3 59.3 Spain 174.8 0.1 75.4 3.7 14.3 5.4 6.7 2.1 4.1 21.8 19.8 6.8 6.1 7.7 13.0 45.9 Sweden 71.5 (*) 29.5 0.6 4.3 2.8 4.5 2.4 0.5 5.2 5.7 1.3 4.9 3.2 6.1 20.8 Switzerland 98.0 0.8 43.2 1.7 8.7 0.8 6.7 8.1 1.3 0.9 19.1 1.7 6.2 3.2 9.4 14.3 Turkey 54.9 (*) 32.4 3.7 6.9 F 2.7 0.8 0.1 10.6 8.0 0.6 1.2 1.4 2.4 9.0 1,472.5 16.3 307.9 29.6 41.9 22.4 43.5 41.7 8.1 51.0 115.6 327.8 94.9 120.7 152.0 337.2 223.4 6.0 117.0 10.9 4.9 16.4 4.1 2.5 I L 10.2 1.3 10.3 9.0 33.2 36.5 2,839.3 79.9 1,309.4 152.7 117.6 46.9 86.5 97.8 72.4 419.3 108.5 451.3 84.9 166.5 104.8 534.0 1,122.2 59.8 428.2 74.3 74.7 14.4 K 14.6 23.1 90.2 49.2 M 55.2 91.6 57.2 M Argentina 136.6 7.5 51.6 12.3 12.8 0.7 2.6 0.4 0.4 10.6 9.0 J 10.4 9.1 8.6 K Brazil 634.7 14.7 301.5 44.5 42.9 11.8 28.4 11.6 20.9 71.8 23.6 L 28.6 58.6 34.1 M Chile United Kingdom Other Latin America and Other Western Hemisphere South America 153.6 5.8 15.6 3.3 5.5 0.5 0.6 0.8 0.3 (*) 4.2 L 5.4 11.7 5.0 K Colombia 89.8 15.1 23.8 4.6 4.2 1.2 0.9 1.6 1.5 G 4.4 2.0 5.1 7.4 5.4 26.7 Ecuador 17.4 1.0 6.9 F 0.8 0.0 (*) 0.1 (*) 0.7 3.8 0.5 0.3 1.6 0.9 2.3 Peru 46.4 12.2 7.5 2.3 1.9 (*) 0.5 (*) (*) 0.0 1.5 (*) 0.8 1.5 2.0 21.0 Venezuela 30.9 1.3 15.6 5.1 6.5 0.2 0.3 0.1 (*) H 2.1 0.5 H 1.3 0.8 I Other 12.9 2.1 5.6 G 0.2 (*) A (*) (*) G 0.6 0.9 G 0.4 0.4 G Central America 1,629.5 15.2 844.9 76.7 39.4 32.2 42.9 82.5 49.1 329.1 54.7 309.4 24.8 69.7 44.9 265.9 Costa Rica 94.9 0.0 32.2 H 4.6 0.2 0.1 H G I J J 0.5 G 9.9 19.7 Honduras 47.6 0.0 24.0 H 0.1 0.0 0.0 0.2 (*) H I H 0.1 H 0.1 9.6 1,395.2 14.6 750.6 58.1 32.3 30.4 42.8 75.7 47.4 320.6 33.1 268.1 23.6 58.5 34.7 212.0 Panama 18.1 0.5 2.6 0.3 0.7 0.1 0.1 (*) 0.0 0.0 0.7 G 0.3 1.0 0.2 J Other 73.6 0.0 35.5 10.0 1.7 1.5 (*) H A (*) 0.5 J 0.3 6.0 0.1 J 87.6 5.0 36.2 1.7 3.5 0.3 J 0.6 0.2 (*) 4.6 H 4.9 5.2 2.7 K Mexico Other Western Hemisphere Barbados Bermuda 0.9 (*) 0.4 (*) 0.0 0.0 0.3 0.1 0.0 0.0 (*) 0.3 (*) (*) 0.1 0.1 13.5 0.6 H 0.0 (*) 0.0 H 0.0 0.0 0.0 0.5 0.0 H 2.4 0.1 2.1 Dominican Republic 22.5 0.0 19.0 G 0.2 0.1 (*) 0.1 0.1 0.0 0.7 1.0 0.1 0.2 0.2 1.3 United Kingdom Islands, Caribbean 23.6 2.2 9.9 0.0 2.7 0.0 H 0.4 (*) (*) H (*) (*) 1.2 1.6 I Other 27.1 2.1 G A 0.6 0.2 0.1 0.1 0.2 0.0 F G G 1.4 0.8 J 252.0 20.2 111.7 15.2 8.0 1.5 5.8 2.5 2.0 25.8 18.2 K 4.1 12.7 9.4 K 37.0 1.5 18.2 8.7 1.9 0.6 0.1 0.1 0.0 0.0 8.3 0.0 0.5 0.6 1.4 6.5 0.1 Africa Egypt Nigeria 9.0 5.5 2.2 0.0 0.3 (*) 0.6 (*) 0.0 0.0 0.5 0.0 0.3 0.4 (*) 112.4 0.6 34.8 3.5 5.0 0.5 4.6 1.8 G J 7.6 K 3.1 6.7 6.5 J Other 93.7 12.7 56.5 3.0 0.8 0.4 0.5 0.7 F J 1.8 0.5 0.3 4.9 1.4 15.6 Middle East 140.5 14.9 43.6 3.5 4.3 2.6 9.0 14.9 0.4 0.3 6.6 0.9 10.9 5.2 33.3 25.1 Israel 74.2 0.2 28.4 0.2 2.6 1.2 5.7 13.5 0.3 0.3 3.4 0.5 6.4 1.5 17.4 16.5 Saudi Arabia 20.6 7.0 5.2 H 0.5 0.5 0.6 0.2 0.0 0.0 0.4 0.2 0.6 0.2 5.3 1.6 United Arab Emirates 29.9 2.4 6.7 0.1 1.1 0.6 2.5 1.2 0.1 0.0 2.3 0.2 3.6 2.1 6.2 6.3 Other 15.8 5.3 3.2 F 0.1 0.3 0.2 0.0 0.0 0.0 0.4 0.0 0.3 1.4 4.4 0.7 5,143.8 51.4 1,779.2 118.0 204.3 70.4 167.0 529.6 79.0 218.2 350.9 M 249.9 270.3 840.1 M 323.0 16.5 82.7 11.8 12.5 6.6 7.8 7.6 2.4 8.3 32.9 19.0 21.2 15.7 44.8 90.2 1,734.6 2.3 763.5 47.6 78.4 39.4 88.9 201.8 54.9 111.4 102.2 172.0 22.1 15.6 78.7 578.2 134.3 (*) 38.7 0.2 4.3 1.6 3.7 5.7 2.4 (*) 16.1 5.4 4.7 22.9 16.7 29.9 1,292.2 1.2 211.4 11.6 41.3 8.0 28.6 36.0 8.3 42.4 86.1 J 140.3 97.7 580.3 M Indonesia 107.8 21.7 56.8 10.0 4.5 0.1 3.5 2.7 F 0.7 3.1 0.4 1.9 5.0 1.2 17.7 Japan 357.4 0.0 82.5 0.9 25.1 0.9 10.1 21.7 1.5 7.6 37.4 58.1 11.2 42.1 36.9 89.1 Korea, Republic of 120.4 0.2 59.0 0.9 5.7 1.0 5.4 13.5 0.7 22.1 10.0 8.3 2.5 9.3 7.0 24.3 Malaysia 168.2 2.0 126.5 2.4 4.8 1.6 3.6 96.0 H 2.3 6.2 1.3 1.7 5.9 7.7 16.9 South Africa Asia and Pacific Australia China Hong Kong India New Zealand 38.1 0.1 8.9 2.1 1.2 0.1 1.1 0.9 0.1 (*) 3.4 3.2 1.9 2.6 4.1 13.8 Philippines 296.2 (*) 65.7 1.7 2.0 H 0.1 36.3 G G 9.7 1.8 24.6 7.6 35.0 151.7 Singapore 40.2 186.4 2.6 73.5 1.8 7.5 1.4 7.9 29.9 1.8 4.0 21.1 1.7 9.4 24.6 13.5 Taiwan 83.6 0.0 42.3 0.7 3.9 1.7 2.4 23.9 0.2 3.6 10.4 6.1 3.4 8.3 5.5 7.6 Thailand 159.8 2.9 104.7 16.9 9.2 1.8 3.9 42.4 0.5 12.9 8.0 3.3 1.1 6.8 3.4 29.6 Other 141.8 1.9 63.1 9.4 3.9 G 0.1 11.3 (*) G 4.4 0.8 3.9 6.3 5.2 56.3 4,368.3 34.8 1,730.0 119.5 272.6 113.1 212.2 191.8 66.8 365.2 341.9 437.3 220.0 225.1 381.6 997.8 125.8 29.0 37.6 9.0 9.3 1.4 4.3 1.7 0.1 H 9.5 1.4 8.0 5.8 17.0 17.4 Addenda: European Union (28) OPEC * 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. Source: U.S. Bureau of Economic Analysis Table 5. Selected Data of U.S. Multinational Enterprises, 2017 Millions of dollars, except as noted All U.S. MNEs (1) U.S. parents Total assets Total liabilities Owners' equity Capital expenditures Sales Net income Value Added Research and development performed Compensaton of employees Number of employees (thousands) 42,143,617 31,272,341 10,871,276 653,637 13,260,201 1,249,804 3,902,521 298,321 2,250,885 28,071.2 U.S.-headquartered MNEs (2) 36,638,170 26,967,995 9,670,175 564,235 11,551,005 1,198,313 3,514,230 266,083 2,020,499 25,590.9 Foreign-headquartered MNEs (3) 5,505,447 4,304,346 1,201,101 89,402 1,709,196 51,491 388,291 32,238 230,385 2,480.2 Majority-owned foreign affiliates Number of affiliates Total assets Net property, plant, and equipment Capital expenditures Sales Net income Value added Research and development performed Compensaton of employees Number of employees (thousands) 35,374 33,353 2,021 27,910,398 26,994,395 916,003 1,437,988 1,307,822 130,166 199,590 179,718 19,872 6,221,395 5,930,150 291,245 1,293,166 1,257,314 35,852 1,418,362 1,339,341 79,021 56,598 54,820 1,778 614,731 582,307 32,424 14,399.9 13,500.1 899.7 The number of affiliates includes only affiliates with total assets, sales, or net income (loss) greater than $25 million; all other data are for all affiliates. Source: U.S. Bureau of Economic Analysis
@FedFRASER