Table 16.—Current-Dollar and Real Gross Product of Majority-Owned Foreign Affiliates in Manufacturing, by Country, 1989 and 1994-97

Billions of current dollars Percent change, at annual rates
1989 1994 1995 1996 1997 Change, 1996-97 1989-96 1996-97
All countries172.0205.2238.9250.4256.46.16.52.4
19 OECD countries141.4159.3185.0189.8189.90.05.00.0
Australia6.95.85.96.87.20.4-0.15.9
Austria0.71.31.21.51.4-0.214.2-12.0
Belgium5.06.88.37.57.50.07.10.4
Canada28.925.326.925.928.82.8-1.810.9
Denmark0.40.60.70.70.70.012.11.1
Finland0.10.30.40.70.90.148.715.5
France11.816.518.920.720.1-0.69.9-3.0
Germany/1/25.836.741.040.438.4-2.07.7-5.0
Greece0.20.30.40.40.40.012.10.5
Ireland3.54.86.97.09.52.512.335.7
Italy7.88.38.69.19.50.32.73.6
Japan7.710.912.613.312.6-0.79.6-5.3
Luxembourg0.50.70.80.60.60.03.90.0
Netherlands7.87.29.08.89.50.62.27.1
New Zealand0.30.40.41.51.90.430.328.4
Norway0.10.40.30.50.40.025.20.0
Spain5.75.56.46.16.40.31.14.6
Sweden1.00.82.72.42.1-0.315.2-11.7
United Kingdom27.426.733.635.732.0-3.74.5-10.2
All other countries30.645.953.960.566.66.112.010.0
Billions of chained (1993) dollars Percent change, at annual rates
1989 1994 1995 1996 1997 Change, 1996-97 1989-96 1996-97
All countries160.1171.4185.7197.1212.315.13.57.7
19 OECD countries126.1125.8131.9136.9145.89.01.46.5
Australia6.55.25.15.56.10.6-2.911.3
Austria0.60.90.71.01.00.09.31.0
Belgium4.75.35.45.25.90.81.614.5
Canada27.425.025.323.926.62.7-2.311.1
Denmark0.30.30.40.40.40.05.98.9
Finland0.00.20.30.50.60.147.430.4
France9.511.611.613.414.61.25.99.2
Germany/1/23.326.225.326.028.32.21.98.5
Greece0.30.30.30.40.40.04.35.6
Ireland3.44.25.65.78.32.68.746.0
Italy6.77.27.06.97.80.90.512.9
Japan5.05.45.77.17.40.36.13.6
Luxembourg0.40.50.50.50.50.00.79.0
Netherlands6.55.55.96.07.21.2-1.419.2
New Zealand0.30.40.41.31.70.426.133.6
Norway0.10.20.20.30.30.021.30.8
Spain5.04.74.84.65.50.9-1.218.8
Sweden0.70.61.71.41.40.011.40.0
United Kingdom25.822.425.827.323.2-4.21.0-15.2
All other countries33.945.653.960.066.16.010.010.0
Residual-0.3-0.4-0.30.0-0.7

* Less than $50 million or 0.5 percent.

1. See footnote 2 to table 13.

NOTE.—Chained (1993) dollar series were derived by extrapolating the base-year (1993) PPP-exchange-rate-based current-dollar value of the corresponding series by a Fisher quantity index. Because the formula for the Fisher quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the total line and the sum of the most detailed lines.

For a summary of the methodology used to derive the chained-dollar estimates, and for the 1982-88 and 1990-93 estimates, see "Real Gross Product of U.S. Companies' Majority-Owned Foreign Affiliates in Manufacturing," SURVEY OF CURRENT BUSINESS 77 (April 1997): 8-17.

OECD Organisation for Economic Co-Operation and Development