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Statistics on the Activities of U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2015; Revised Data Available for 2014

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.  The statistics, which provide new data for 2015, as well as revised data for 2014, offer details on the activities of U.S. affiliates of foreign MNEs, including their employment and compensation, sales, value added, capital expenditures, trade in goods, and expenditures for research and development.

Here are some highlights from the statistics:

  • The current-dollar value added of majority-owned U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, totaled $894.5 billion in 2015. That’s an increase of $10.9 billion, or 1.2 percent, from 2014. U.S. affiliates accounted for 6.4 percent of total U.S. private industry value added in 2015, compared with 6.5 percent in 2013 and 2014.
  • Affiliates with ultimate beneficial owners in seven countries— the United Kingdom, Japan,  Germany, France, Canada, Switzerland, and the Netherlands —accounted for nearly three-fourths of the value added by all majority-owned U.S. affiliates in 2015.
  • Majority-owned U.S. affiliates employed 6.8 million workers, up 3.1 percent in 2015, following a 7.0 percent increase in 2014. U.S. affiliates accounted for 5.5 percent of all U.S. private industry employment, up from 5.4 percent in 2014.
  • The states with the largest shares of total private industry employment accounted for by U.S. affiliates in 2015 were New Jersey (8.1 percent), South Carolina (8.0 percent), and New Hampshire (7.7 percent).
  • Exports of goods by affiliates decreased in 2015 by $70.3 billion, or 16.6 percent, and imports decreased by $51.2 billion, or 7.2 percent.
  • Research and development performed by affiliates totaled $56.7 billion in 2015, a 0.4 percent decrease from 2014.

For more information, see the full article in the August issue of the Survey of Current Business.

American Samoa GDP Turns Down in 2016

The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2016 as well as estimates of GDP by industry and compensation by industry for 2015.  These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs  of the U.S. Department of the Interior.

Revised estimates of GDP for 2013 to 2015 and revised estimates of GDP by industry and compensation by industry for 2013 and 2014 are presented in this release.

The estimates of GDP for American Samoa show that real GDP – GDP adjusted to remove price changes – decreased 2.5 percent in 2016 after increasing 1.2 percent in 2015. For comparison, real GDP for the United States (excluding the territories) increased 1.5 percent in 2016 after increasing 2.9 percent 2015.

Samoa GDP

The decline in the American Samoa economy reflected decreases in spending on construction and equipment; several investment projects in both the government sector and private sector had ended or entered their final stages during 2015.

Government spending decreased, reflecting a decline in investment spending by the territorial government . Territorial government spending had been elevated in 2015 due to the telecommunication authority’s work to improve broadband capacity and coverage in American Samoa and the power utility’s work to rebuild the Satala Plant.

Business spending on construction and equipment continued to decrease, following major investments made by the tuna canning industry in previous years.

For more information, read the full report.

 


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