Table 11.—Gross Product of Nonbank Majority-Owned Foreign Affiliates, by Major Area and Industry of Affiliate, 1989, 1996, and 1997

Millions of dollars Percent change at annual rates
1989 1996 1997 Change, 1996-97 1989-96 1996-97
All areas, all industries319,994498,310519,30620,9966.54.2
By major area
Canada52,11453,78357,5543,7710.57.0
Europe179,758291,732297,6045,8727.22.0
Latin America and Other Western Hemisphere29,60151,96560,5798,6148.416.6
Africa5,2998,2488,8756276.57.6
Middle East4,8914,5524,322-230-1.0-5.1
Asia and Pacific46,87586,16888,9432,7759.13.2
International/1/1,4571,8621,429-4333.6-23.3
By major industry
Petroleum77,195109,870110,8189485.20.9
Manufacturing172,008250,351256,4426,0915.52.4
Food and kindred products13,64324,43725,5791,1428.74.7
Chemicals and allied products32,05950,47852,9872,5096.75.0
Primary and fabricated metals7,62311,00211,5495475.45.0
Industrial machinery and equipment30,43037,02337,3182952.80.8
Electronic and other electric equipment12,64623,34526,1832,8389.212.2
Transportation equipment33,76437,80943,4715,6621.615.0
Other manufacturing41,84366,25759,355-6,9026.8-10.4
Wholesale trade37,94754,47256,4461,9745.33.6
Finance (except depository institutions), insurance and real estate3,43917,16121,4414,28025.824.9
Services14,61237,84044,2926,45214.617.1
Other industries14,79328,61729,8661,2499.94.4

1. See footnote 1 to table 9.