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Tuesday, July 23, 2024 Contact: Connie O’Connell, 301-278-9003 Direct Investment by Country and Industry, 2023 The U.S. direct investment abroad position, or cumulative level of investment, increased $364.0 billion to $6.68 trillion at the end of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $147.1 billion increase in the position in Europe (chart 1), primarily in Ireland, Switzerland, and the Netherlands. By industry, holding company affiliates had the largest increase. The foreign direct investment in the United States position increased $227.0 billion to $5.39 trillion at the end of 2023. The increase mainly reflected a $96.0 billion increase in the position from Canada and an $86.1 billion increase from Europe, primarily a $58.9 billion increase from Germany. By industry, affiliates in manufacturing increased the most, increasing $58.6 billion to a total investment position of $2.22 trillion. Other highlights from the direct investment statistics for 2023: • • U.S. multinational enterprises (MNEs) earned income of $577.2 billion in 2023 on their cumulative investment abroad, a 2.3 percent increase from 2022. Foreign MNEs earned income of $268.6 billion in 2023 on their cumulative investment in the United States, a 7.0 percent decrease from 2022. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the Input-Output Accounts, and economic data for states, local areas, and industries—are available on the BEA website. E-mail alerts are also available. Note. The next release in this series will present data for 2024 and will be available July 2025. U.S. Bureau of Economic Analysis
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