Archive for the 'Foreign Direct Investors' Category

Statistics on U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2014; Data for 2013 Updated

New 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 include the first information for 2014 and updated data for 2013, offer details on the finances and operations 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.

With the release of statistics for 2014, BEA is reinstating several state-level data items that were available prior to 2008. The newly released statistics now include state-level data on the gross book value of property, plant, and equipment; commercial property; and manufacturing employment. These statistics complement the other state-level statistics BEA produces on the activities of U.S. affiliates: U.S. affiliate employment and number of affiliates by state.

Some highlights from the statistics on majority-owned U.S. affiliates (those with foreign ownership of more than 50 percent):

  • The current-dollar value added of majority-owned U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, totaled $869.1 billion in 2014. That’s an increase of $26.9 billion, or 3.2 percent, from 2013. The affiliates accounted for 6.4 percent of total U.S. private industry value added in 2014 compared with 6.5 percent in 2013.
  • Affiliates with ultimate beneficial owners in seven countries— the United Kingdom, Japan, Canada, Germany, Switzerland, France, and the Netherlands —accounted for nearly three-fourths of the value added by all majority-owned U.S. affiliates in 2014.
  • Majority-owned U.S. affiliates employed 6.4 million workers, up 3.1 percent in 2014, following a 5.0 percent increase in 2013. These affiliates accounted for 5.2 percent of all U.S. private industry employment, the same share as in 2013.
  • The states with the largest shares of total private industry employment accounted for by these affiliates in 2014 were South Carolina (8.2 percent), New Hampshire (7.6 percent), and Delaware (7.6 percent).
  • Exports of goods by affiliates rose in 2014 by $29.5 billion, or 7.5 percent, and imports rose by $19.2 billion, or 2.7 percent.
  • Research and development performed by affiliates rose by $2.8 billion, or 5.2 percent, in 2014.

For more information read the full article, which will be available in the August Survey of Current Business.

New Foreign Direct Investment in the United States, 2014 and 2015

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion; according to the Bureau of Economic Analysis (BEA) in statistics released today.

fdi-july-13-highlights-chart (2)

Some additional highlights of the statistics on new foreign direct investment for 2015:

  • Expenditures for acquisitions were $408.1 billion. Expenditures to establish new U.S. businesses were $11.2 billion, and expenditures to expand existing foreign-owned businesses were $1.4 billion.
  • Total planned greenfield expenditures—expenditures to either establish a new U.S. business or to expand an existing foreign-owned U.S. business—for investment initiated in 2015, which include both first-year expenditures and planned spending in other years, totaled $31.2 billion.
  • Current employment at newly acquired, established, or expanded foreign-owned businesses in the United States was 422,200. Total planned employment was 461,600.

In conjunction with today’s release, BEA is introducing new statistics for 2014 and 2015 on the activities of newly acquired, established, or expanded U.S. affiliates by state, country, and industry. These new statistics supplement the statistics on expenditures for new investment and include current and planned employment and balance sheet and income statement items, specifically sales, net income, assets, liabilities, and total owner’s equity, for the affiliates.

For more information, read the full report.

Bureau of Economic Analysis Releases Two New Data Sets to Deepen Understanding of U.S. Economy

In the past two days, the Commerce Department’s Bureau of Economic  Analysis (BEA) has released two brand new sets of economic statistics that business people, entrepreneurs, policy makers, households and others can use to make more informed decisions in their professional and personal lives.

Today, BEA released new statistics that show how much consumers spent in every state and the District of Columbia last year as well as in years back to 1997.  Besides totals on the amount of consumer spending for each area, the statistics detail what goods and services consumers are actually buying – including motor vehicles, clothing, home furnishings, food, gasoline, housing and utilities, and health care and recreational services.

Here are some highlights from today’s report:

  • Total consumer spending across all states grew 4.2 percent in 2014, with growth ranging from 2.1 percent in West Virginia to 7.4 percent in North Dakota.
  • Across all states, per person (per capita) consumer spending last year was $37,196. Per person spending ranged from a high of $48,020 in Massachusetts to a low of $29,386 in Mississippi.

Yesterday, BEA released new statistics showing the amount and type of new investment made in the United States by foreign direct investors to acquire, establish or expand U.S. businesses.  These statistics covered new investments initiated in 2014 and provided details on these investments including the countries from which the new investment originates, the U.S. industries that are drawing new investments and U.S. states where new investments are located.

Some highlights from yesterday’s report:

  • Expenditures by foreign direct investors for new investment totaled $241.3 billion in 2014.  Expenditures for acquisitions were $224.7 billion—93% of the total expenditures for new investment. Expenditures to establish new U.S. businesses totaled $13.8 billion, and expenditures to expand existing foreign-owned U.S. businesses totaled $2.8 billion.
  • By U.S. state, the largest expenditures, $48.9 billion, were for U.S. businesses in California. The four U.S. states with the largest expenditures by foreign direct investors—California, New Jersey, New York, and Texas—together received over half of all new investment.

These two new data sets are just the latest examples of how BEA is producing data to deepen the public’s understanding of the U.S. economy, the centerpiece of our mission.

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