Published November 21, 2014
The BE-13 survey captures information about new investments made when a foreign investor establishes or acquires a U.S. business (either directly, or indirectly through a U.S. business it already owns) or expands an existing U.S. business.
The data collected in the survey will help in assessing the impact of foreign direct investment on the U.S. economy, in advising foreign investors seeking to invest in the United States, and in developing national policy and state programs to attract foreign direct investment.
A response is required from entities subject to the reporting requirements of the BE-13, whether or not they are contacted by BEA. For additional information, including survey forms, instructional videos, and contact information, please visit www.bea.gov/surveys/respondent_be13.htm.
The Bureau of Economic Analysis (BEA) has released preliminary statistics on the activities of U.S. affiliates of foreign multinational enterprises (MNEs) in 2012. These statistics are based on the results of the 2012 Benchmark Survey of Foreign Direct Investment in the United States (“inward” direct investment.)
These statistics cover the finances and operations of U.S. affiliates of foreign MNEs—including balance sheet and income statement details, employment and employee compensation, capital expenditures, trade in goods, and expenditures for research and development.
The activities of majority-owned U.S. affiliates are featured in the statistics. Less detailed statistics are also presented for all U.S. affiliates (both majority owned and minority owned). BEA also produces statistics that cover the domestic and foreign activities of U.S. MNEs, that is enterprises involved in “outward” direct investment. Jointly, these statistics and the statistics on the activities of U.S. affiliates are referred to as statistics on the activities of multinational enterprises (AMNEs).
The current-dollar value added of majority-owned U.S. affiliates, a measure of their contribution to U.S. gross domestic product, totaled $773.8 billion in 2012. Current-dollar value added rose 3.7 percent in 2012, following larger increases in 2010 and 2011, but it grew less rapidly than the value added of all U.S. private industry in 2012. As a result, affiliates’ share of U.S. private industry value added decreased from 6.2 percent in 2011 to 6.1 percent in 2012. Majority-owned U.S. affiliates employed 5.8 million workers in 2012, an increase of 1.3 percent, following larger increases in 2010 and 2011. The share of U.S. private industry employment accounted for by these affiliates was 5.0 percent, down from 5.1 percent in 2011.
Some additional highlights of the statistics on majority-owned U.S. affiliates for 2012:
- As in previous years, affiliates with ultimate beneficial owners (UBO) in seven countries—Canada, France, Germany, the Netherlands, Switzerland, the United Kingdom, and Japan—accounted for nearly three-fourths of the value added by all majority-owned U.S. affiliates.
- Exports of goods by affiliates rose 5 percent.
- Imports of goods by affiliates rose 4 percent. About 60 percent of the goods imported by affiliates were intended for resale without further processing.
- Research and development (R&D) performed by affiliates rose 6 percent.
For more information, read the full article in the November Survey of Current Business. Click here for all the data tables.
Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28. On average, personal income rose 2.0 percent in 2013 in the metropolitan portion of the United States and rose 2.1 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 5.3 percent and 4.4 percent, respectively, in 2012. The percent change from 2012 to 2013 in personal income ranged from -35.0 percent in Lamoure County, North Dakota to 32.3 percent in Greeley County, Kansas. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 1.2 percent in 2013 from 1.8 percent in 2012.
Per capita personal income—personal income divided by population–is a useful metric for making comparisons of the level of personal income across counties. Per capita personal income for 2013 ranged from $17,536 in Telfair County, Georgia to $121,632 in New York County, New York.
Read the full report.