International Investment Data

US Direct Investment Abroad: Capital Outflows 1994-1999

US Bureau of Economic Analysis


Data are available for:   1994   1995   1996   1997   1998 and the first three quarters of 1999

    U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
       [Millions of dollars; (-) inflows; not seasonally adjusted]
                                                                       1994
                                                                       Year       I       II       III      IV
         All countries, all industries ..............................  73,252   29,331   14,383   17,531   12,006

                               By country

    Canada ..........................................................   6,047      858      645      415    4,129

    Europe ..........................................................  34,380   15,911    6,362    9,355    2,752

      Austria .......................................................     744      487       37       89      131
      Belgium .......................................................   2,004      605      441    1,214     -257
      Denmark .......................................................     360      160       87       -6      120
      Finland .......................................................     118       27       50       16       26
      France ........................................................   2,634      783      501    1,458     -108

      Germany .......................................................   2,863    2,232      472      426     -266
      Greece ........................................................      50       13       -4       13       28
      Ireland .......................................................    -337      235      328      124   -1,024
      Italy .........................................................   2,646      610    1,023      175      839
      Luxembourg ....................................................     517      193       53      333      -63
      Netherlands ...................................................   7,605    1,691    1,075    1,182    3,657

      Norway ........................................................     718      318      487      344     -431
      Portugal ......................................................     252       86       61      106       -1
      Spain .........................................................   1,551    1,377      396       51     -273
      Sweden ........................................................     603      112       64      430       -4
      Switzerland ...................................................     940     -143      496      656      -70
      Turkey ........................................................      11      -38      -29       75        2
      United Kingdom ................................................   9,615    6,641      586    2,272      116
      Other .........................................................   1,484      523      237      396      328

    Latin America and Other
      Western Hemisphere ............................................  17,710    6,840    4,611    3,186    3,073

      South America .................................................   8,642    2,913    2,409    1,811    1,509
        Argentina ...................................................   1,455      525      516      277      137
        Brazil ......................................................   3,338    1,217      796      695      630
        Chile .......................................................   1,875      334      695      286      561
        Colombia ....................................................     336      233       88      107      -91
        Ecuador .....................................................     218       96       55       41       26
        Peru ........................................................     283      128       23       67       64
        Venezuela ...................................................   1,021      355      183      271      212
        Other .......................................................     115       25       53       67      -29

      Central America ...............................................   5,469    1,806    1,006    1,393    1,264
        Costa Rica ..................................................     194       89       74       96      -65
        Guatemala ...................................................      16       12        2        4       -3
        Honduras ....................................................      32       57        3      -17      -11
        Mexico ......................................................   4,457    1,521      693    1,055    1,188
        Panama ......................................................     773      114      228      241      190
        Other .......................................................      -3       13        6       14      -35

      Other Western Hemisphere ......................................   3,598    2,121    1,196      -19      301
        Bahamas .....................................................      52       47      -83       89       -1
        Barbados ....................................................      65        9       61        3       -9
        Bermuda .....................................................     897      318    1,107     -462      -66
        Dominican Republic ..........................................     -15       -1       16      -37        6
        Jamaica .....................................................     210       58       57       45       50
        Netherlands Antilles ........................................   1,112      575      226      137      174
        Trinidad and Tobago .........................................      77       34      -70       21       92
        U.K. Islands, Caribbean .....................................   1,386    1,095      -23      279       34
        Other .......................................................    -186      -16      -95      -95       21

    Africa ..........................................................     762      137      -34       50      608
      Egypt .........................................................      46      -10      -24        1       79
      Nigeria .......................................................     119      -87      -87      -36      328
      South Africa ..................................................     260       65       71       57       66
      Other .........................................................     337      169        6       28      134

    Middle East .....................................................     709      378        1      368      -38
      Israel ........................................................     298      145      -73      293      -66
      Saudi Arabia ..................................................      83      -61       53       14       76
      United Arab Emirates ..........................................     -60       12       72        9     -153
      Other .........................................................     388      282      -50       52      105

    Asia and Pacific ................................................  13,437    5,108    2,764    4,005    1,560
      Australia .....................................................     552       72      313      445     -278
      China .........................................................   1,232      336      380      237      279
      Hong Kong .....................................................   1,979      841      114      749      275
      India .........................................................     250       71       92       37       51
      Indonesia .....................................................   2,061      854      396      379      432
      Japan .........................................................   1,867    1,109      407      516     -165
      Korea, Republic of ............................................     390       30      196      102       61
      Malaysia ......................................................     553      156       93      319      -15
      New Zealand ...................................................     749      606       91      114      -62
      Philippines ...................................................     414       50      111      113      140
      Singapore .....................................................   1,836      429      363      641      402
      Taiwan ........................................................     711      206      120      178      206
      Thailand ......................................................     703      271      100      152      180
      Other .........................................................     140       77      -14       22       55

    International/1/ ................................................     207       98       34      152      -78

    Addenda:
      Eastern Europe/2/ .............................................   1,444      551      203      375      315
      European Union (12)/3/ ........................................  29,762   14,625    5,020    7,348    2,768
      OPEC/4/ .......................................................   3,575    1,135      593      698    1,149

                               By industry

    Petroleum .......................................................   1,768    1,562      148      899     -840
    Manufacturing ...................................................  23,989    9,284    3,487    4,551    6,668
      Food and kindred products .....................................   3,224    1,077    1,369      604      174
      Chemicals and allied products .................................   6,594    4,006      885    1,112      591
      Primary and fabricated metals .................................   1,205      287      192      338      388
      Industrial machinery and equipment ............................   2,019     -237      536      895      824
      Electronic and other electric equipment .......................   2,316       79      332    1,352      552
      Transportation equipment ......................................   5,214    2,778     -817     -556    3,810
      Other manufacturing ...........................................   3,417    1,294      990      805      328
    Wholesale trade .................................................   8,310    3,052    2,567    1,779      912
    Depository institutions .........................................   1,817      618      902      570     -272
    Finance (except depository institutions),
      insurance and real estate .....................................  22,642   11,120    3,501    4,789    3,232
    Services ........................................................   6,030   -1,605      794    2,432    1,198
    Other industries ................................................   8,696    2,090    2,985    2,511    1,109


U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
       [Millions of dollars; (-) inflows; not seasonally adjusted]
                                                                       1995
                                                                       Year       I       II       III      IV
         All countries, all industries ..............................  92,074   20,019   14,377   21,359   36,319

                               By country

    Canada ..........................................................   8,602    2,367      546    2,078    3,611

    Europe ..........................................................  52,275   11,125    7,420    9,882   23,848

      Austria .......................................................     513       90      -54      -15      491
      Belgium .......................................................   2,750    1,511      439      209      592
      Denmark .......................................................     -95      133       -5     -241       18
      Finland .......................................................     158       17       98       50       -8
      France ........................................................   5,196    1,561      713      871    2,051

      Germany .......................................................   3,349      952      511      437    1,450
      Greece ........................................................     -24      -26      -33       44       -9
      Ireland .......................................................     695      384      273      -76      113
      Italy .........................................................   2,506    1,097      423      555      431
      Luxembourg ....................................................    -477      182      378     -137     -900
      Netherlands ...................................................   9,386    2,078    1,822    2,407    3,080

      Norway ........................................................     247       47      -66       74      193
      Portugal ......................................................     137       42      -24      150      -31
      Spain .........................................................      (D)      22       53       83       (D)
      Sweden ........................................................      (D)     184      156        8       (D)
      Switzerland ...................................................   1,850     -216    1,277      498      292
      Turkey ........................................................     158      -13      -17      150       37
      United Kingdom ................................................  13,830    3,224    1,204    4,238    5,164
      Other .........................................................   1,186     -144      271      578      480

    Latin America and Other
      Western Hemisphere ............................................  16,040    4,421    1,596    5,059    4,964

      South America .................................................  11,751    4,635    1,635    2,708    2,773
        Argentina ...................................................   2,048      619      265      430      734
        Brazil ......................................................   6,954    2,566    1,208    1,483    1,697
        Chile .......................................................   1,291      839     -146      391      208
        Colombia ....................................................     164      137      124       14     -111
        Ecuador .....................................................     113       55      -10       58       10
        Peru ........................................................     334      138       41       68       88
        Venezuela ...................................................     654      251      142      128      133
        Other .......................................................     192       31       12      136       14

      Central America ...............................................   4,044      635      872    1,267    1,270
        Costa Rica ..................................................     271       98       85      105      -17
        Guatemala ...................................................      36       25       10       16      -15
        Honduras ....................................................      -8       -3        4       13      -23
        Mexico ......................................................   2,983      260      537      800    1,386
        Panama ......................................................     781      233      223      374      -49
        Other .......................................................     -19       22       13      -43      -11

      Other Western Hemisphere ......................................     245     -849     -911    1,084      921
        Bahamas .....................................................    -537       50       82     -355     -314
        Barbados ....................................................     248       29       18       46      155
        Bermuda .....................................................     275     -692   -1,482    1,310    1,139
        Dominican Republic ..........................................      69       40       53       -5      -19
        Jamaica .....................................................     116       54       59        8       -5
        Netherlands Antilles ........................................      43     -144      113       34       41
        Trinidad and Tobago .........................................     151       16       41        4       90
        U.K. Islands, Caribbean .....................................      50      -41      152       76     -138
        Other .......................................................    -170     -162       53      -34      -27

    Africa ..........................................................     352       55       33       70      193
      Egypt .........................................................      -1      -25       73      -28      -20
      Nigeria .......................................................      61       57      -87       44       47
      South Africa ..................................................     289       35       79      106       70
      Other .........................................................       3      -10      -32      -51       96

    Middle East .....................................................     879      106      354      300      120
      Israel ........................................................     340       87       41      124       88
      Saudi Arabia ..................................................     640       87      156      144      253
      United Arab Emirates ..........................................     164      134       80        8      -58
      Other .........................................................    -266     -203       77       24     -163

    Asia and Pacific ................................................  14,342    2,456    4,539    3,851    3,497
      Australia .....................................................   5,537    1,226      174    1,033    3,103
      China .........................................................     261      -51      112      157       43
      Hong Kong .....................................................     631      376      138      361     -244
      India .........................................................     181       30       98       66      -13
      Indonesia .....................................................     519      -15    1,116     -343     -239
      Japan .........................................................   2,336      692    1,034      670      -61
      Korea, Republic of ............................................   1,051      332       46      216      456
      Malaysia ......................................................   1,037      296      269      784     -312
      New Zealand ...................................................     765       66      823       -2     -121
      Philippines ...................................................     269     -153       26      217      179
      Singapore .....................................................     947     -191      501      513      123
      Taiwan ........................................................     419      -80      -24      209      314
      Thailand ......................................................     686       67      208      193      218
      Other .........................................................    -296     -139       17     -225       50

    International/1/ ................................................    -416     -511     -110      119       86

    Addenda:
      Eastern Europe/2/ .............................................   1,112     -165      245      562      470
      European Union (15)/3/ ........................................  48,835   11,451    5,955    8,582   22,846
      OPEC/4/ .......................................................   2,379      617    1,502       35      224

                               By industry

    Petroleum .......................................................     675      540      244      120     -229
    Manufacturing ...................................................  44,472   10,380    5,832    7,984   20,276
      Food and kindred products .....................................   3,718    1,171      679    1,228      640
      Chemicals and allied products .................................  16,924    2,335      774    1,927   11,889
      Primary and fabricated metals .................................   1,570      367      353      388      463
      Industrial machinery and equipment ............................   4,408    1,371    1,312      487    1,237
      Electronic and other electric equipment .......................   7,060    2,585      617    1,817    2,041
      Transportation equipment ......................................   5,888    1,510      949      584    2,845
      Other manufacturing ...........................................   4,903    1,042    1,147    1,554    1,161
    Wholesale trade .................................................   8,880    3,006    2,549    2,188    1,136
    Depository institutions .........................................   1,032      428      542      195     -133
    Finance (except depository institutions),
      insurance and real estate .....................................  22,001    3,914    4,122    5,970    7,995
    Services ........................................................   4,014      -31    1,041    1,540    1,464
    Other industries ................................................  11,000    1,781       48    3,362    5,809


U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
       [Millions of dollars; (-) inflows; not seasonally adjusted]
                                                                       1996
                                                                       Year       I       II       III      IV
         All countries, all industries ..............................  84,426   24,981   15,012   22,906   21,528

                               By country

    Canada ..........................................................   7,181    2,818     -913    3,289    1,987

    Europe ..........................................................  40,148   12,289    9,203    8,223   10,434

      Austria .......................................................     105      104        4     -148      145
      Belgium .......................................................   1,349      -45      557      709      128
      Denmark .......................................................     454       49       34       -4      376
      Finland .......................................................     175       39       (*)      48       89
      France ........................................................   4,463    4,204      873      -74     -540

      Germany .......................................................   1,956    1,535     -252      877     -204
      Greece ........................................................      92       82       -3        4        9
      Ireland .......................................................   1,954    1,114    1,195     -321      -35
      Italy .........................................................     416    1,008      147      -89     -649
      Luxembourg ....................................................   1,041      294      391      308       47
      Netherlands ...................................................   6,308      485    1,562    1,329    2,932

      Norway ........................................................     913      293       87      341      192
      Portugal ......................................................     245       24      -37       79      180
      Spain .........................................................   1,183      270      290       27      596
      Sweden ........................................................      20     -371      485      128     -222
      Switzerland ...................................................   1,264    1,373      549    1,098   -1,757
      Turkey ........................................................     131       35       41      -22       77
      United Kingdom ................................................  16,421    1,340    2,631    3,704    8,746
      Other .........................................................   1,658      456      650      228      325

    Latin America and Other
      Western Hemisphere ............................................  18,138    3,686    5,035    4,263    5,153

      South America .................................................   7,957    1,267    3,670    1,541    1,479
        Argentina ...................................................     371      262      413     -506      203
        Brazil ......................................................   4,159       -9    2,366      982      821
        Chile .......................................................   1,860      784      327      576      173
        Colombia ....................................................     120      -13       71       92      -30
        Ecuador .....................................................      32      -27       20       41       -1
        Peru ........................................................     700      125       99      298      177
        Venezuela ...................................................     775      108      338      163      166
        Other .......................................................     -59       37       36     -104      -29

      Central America ...............................................   3,810      852      552    1,030    1,376
        Costa Rica ..................................................     362       81      115       67       99
        Guatemala ...................................................     100       41       12       11       37
        Honduras ....................................................     -26      -36      -10       (D)      (D)
        Mexico ......................................................   2,405      529       63      767    1,046
        Panama ......................................................     920      215      325      121      258
        Other .......................................................      48       22       47       (D)      (D)

      Other Western Hemisphere ......................................   6,371    1,567      813    1,693    2,299
        Bahamas .....................................................     -55       36     -216       68       56
        Barbados ....................................................     164      -23       54       32      101
        Bermuda .....................................................   3,170    1,088      981      979      122
        Dominican Republic ..........................................      66       27       13       20        5
        Jamaica .....................................................     292      132       35       60       65
        Netherlands Antilles ........................................     751       60       46       54      592
        Trinidad and Tobago .........................................      50       13       22       30      -15
        U.K. Islands, Caribbean .....................................   1,847      176     -128      350    1,449
        Other .......................................................      86       58        5       99      -77

    Africa ..........................................................   1,678      347      495      179      658
      Egypt .........................................................     118       41      -76      142       11
      Nigeria .......................................................     407     -167      102       18      454
      South Africa ..................................................     194       34      255      -50      -45
      Other .........................................................     959      438      214       68      238

    Middle East .....................................................     467     -544      226      455      330
      Israel ........................................................     264       46       92       59       67
      Saudi Arabia ..................................................    -206     -198      -43       36       -1
      United Arab Emirates ..........................................     103       63       63      -28        6
      Other .........................................................     305     -456      115      388      258

    Asia and Pacific ................................................  15,363    6,362      790    4,867    3,344
      Australia .....................................................   3,787    1,322      461    1,326      677
      China .........................................................     933      304      193       74      361
      Hong Kong .....................................................   1,690      672      660      439      -81
      India .........................................................     262       52       59       12      138
      Indonesia .....................................................     956      420      202      -32      365
      Japan .........................................................    -280      749   -2,282    1,250        2
      Korea, Republic of ............................................     752      205     -329      622      255
      Malaysia ......................................................   1,298      840      382      -30      106
      New Zealand ...................................................   1,142      605      164      167      206
      Philippines ...................................................     738      210      273      129      126
      Singapore .....................................................   2,760      732      764      624      639
      Taiwan ........................................................     290      128       32      117       13
      Thailand ......................................................     849      101      167      150      431
      Other .........................................................     188       21       43       18      106

    International/1/ ................................................   1,451       23      177    1,630     -378

    Addenda:
      Eastern Europe/2/ .............................................   1,508      397      620      218      274
      European Union (15)/3/ ........................................  36,182   10,132    7,876    6,577   11,597
      OPEC/4/ .......................................................   2,884     -159      735      490    1,817

                               By industry

    Petroleum .......................................................   6,239    1,496     -233    1,662    3,313
    Manufacturing ...................................................  24,325    9,653    5,160    7,265    2,246
      Food and kindred products .....................................   2,095      153    1,069      741      132
      Chemicals and allied products .................................   5,796    1,275    1,513    3,474     -466
      Primary and fabricated metals .................................   6,064    4,844      560      212      449
      Industrial machinery and equipment ............................   2,752    1,334      990      409       19
      Electronic and other electric equipment .......................   3,440      553    1,503      396      988
      Transportation equipment ......................................     708      636     -974      701      345
      Other manufacturing ...........................................   3,470      859      499    1,331      781
    Wholesale trade .................................................   6,498    3,844     -804    2,616      842
    Depository institutions .........................................   2,448      545       48    1,037      818
    Finance (except depository institutions),
      insurance and real estate .....................................  31,601    7,473    7,932    6,178   10,018
    Services ........................................................   3,511     -468      722    1,662    1,595
    Other industries ................................................   9,804    2,437    2,188    2,484    2,695


U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
       [Millions of dollars; (-) inflows; not seasonally adjusted]
                                                                       1997
                                                                       Year       I       II       III      IV
         All countries, all industries ..............................  99,517   31,789   25,424   21,596   20,707

                               By country

    Canada ..........................................................   7,493    2,950    1,183    2,440      920

    Europe ..........................................................  51,698   15,903   12,593   10,106   13,096

      Austria .......................................................     -18        9       49       44     -120
      Belgium .......................................................    -146     -329     -181      494     -130
      Denmark .......................................................    -197     -195     -171      168        1
      Finland .......................................................     328       70       38       (D)      (D)
      France ........................................................   2,543    1,511      706      262       64

      Germany .......................................................   1,627       17      172     -136    1,574
      Greece ........................................................      69       46        1       23       -1
      Ireland .......................................................   3,771    1,270      652      663    1,185
      Italy .........................................................      -1      -44       78      -30       -6
      Luxembourg ....................................................   2,372      123      631       (D)      (D)
      Netherlands ...................................................  14,327    5,918    3,588    2,184    2,636

      Norway ........................................................     815      134      310       72      299
      Portugal ......................................................      86       73       18       44      -49
      Spain .........................................................     226      149      144      115     -181
      Sweden ........................................................     819      205      323      -57      348
      Switzerland ...................................................     857    1,579      694    1,413   -2,829
      Turkey ........................................................      93       25      191     -104      -19
      United Kingdom ................................................  22,411    4,508    4,782    2,688   10,433
      Other .........................................................   1,715      833      568      743     -430

    Latin America and Other
      Western Hemisphere ............................................  21,966    4,621    6,666    6,658    4,022

      South America .................................................  10,767    3,129    2,841    3,227    1,570
        Argentina ...................................................   1,362    1,146       96       (D)      (D)
        Brazil ......................................................   6,514      973    1,804    2,079    1,659
        Chile .......................................................     969      326      510      303     -169
        Colombia ....................................................     747      122      238      301       85
        Ecuador .....................................................    -269       13      177       (D)      (D)
        Peru ........................................................     332      211      -11        8      123
        Venezuela ...................................................     635      260     -424      482      317
        Other .......................................................     478       78      452      -17      -35

      Central America ...............................................   7,096    1,179    1,667    2,971    1,280
        Costa Rica ..................................................     317      156       81       78        2
        Guatemala ...................................................      25       -4       17       66      -53
        Honduras ....................................................      43       -4       14       15       18
        Mexico ......................................................   5,646      953    1,112    2,411    1,170
        Panama ......................................................     948       40      392      408      109
        Other .......................................................     116       37       51       -6       34

      Other Western Hemisphere ......................................   4,104      313    2,159      460    1,172
        Bahamas .....................................................    -323      -16      119     -279     -147
        Barbados ....................................................     -41       92      -48      -42      -43
        Bermuda .....................................................   1,232      141      616      462       13
        Dominican Republic ..........................................      80       21       (D)      (D)      39
        Jamaica .....................................................     260       98       73       56       33
        Netherlands Antilles ........................................  -1,168      -64     -286     -489     -329
        Trinidad and Tobago .........................................    -214     -301      -50       64       72
        U.K. Islands, Caribbean .....................................   4,068      415    1,595      684    1,374
        Other .......................................................     211      -73       (D)      (D)     159

    Africa ..........................................................   3,371      898    1,261      504      708
      Egypt .........................................................     250      123       65       -6       68
      Nigeria .......................................................     375       -5     -119       -2      502
      South Africa ..................................................   1,295      248      865      240      -57
      Other .........................................................   1,450      532      450      273      196

    Middle East .....................................................     601      639       44      188     -270
      Israel ........................................................      13        4       53       85     -128
      Saudi Arabia ..................................................     324      297       10       51      -35
      United Arab Emirates ..........................................      55      107      -46       46      -53
      Other .........................................................     210      230       27        6      -54

    Asia and Pacific ................................................  13,693    6,710    3,544    1,612    1,828
      Australia .....................................................   2,393      723      287     -261    1,644
      China .........................................................   1,261      507      390      133      232
      Hong Kong .....................................................   3,965    3,036      299      880     -250
      India .........................................................     288       64       99       54       71
      Indonesia .....................................................     -21      361      430     -136     -677
      Japan .........................................................    -371      274      503       89   -1,237
      Korea, Republic of ............................................     693       55      178      149      312
      Malaysia ......................................................     743      423      312      -74       82
      New Zealand ...................................................     633      -79      146      228      338
      Philippines ...................................................     196       41     -220      265      109
      Singapore .....................................................   3,349    1,372    1,004     -121    1,094
      Taiwan ........................................................     454      170      -15      151      147
      Thailand ......................................................     -43     -180        9      194      -65
      Other .........................................................     154      -57      124       60       28

    International/1/ ................................................     694       69      133       88      404

    Addenda:
      Eastern Europe/2/ .............................................   1,529      766      557      630     -425
      European Union (15)/3/ ........................................  48,217   13,332   10,830    7,982   16,074
      OPEC/4/ .......................................................   2,026    1,230       30      714       53

                               By industry

    Petroleum .......................................................   9,603    2,806    2,913    1,929    1,955
    Manufacturing ...................................................  28,097   11,370    6,629    4,663    5,435
      Food and kindred products .....................................   3,806      914    1,225      579    1,089
      Chemicals and allied products .................................   7,210    3,753    1,833    1,342      281
      Primary and fabricated metals .................................     444      -91       61      290      184
      Industrial machinery and equipment ............................   4,381      315    2,191       25    1,850
      Electronic and other electric equipment .......................   2,992    1,164      682      756      391
      Transportation equipment ......................................   4,419    3,292       28       29    1,071
      Other manufacturing ...........................................   4,845    2,023      610    1,643      568
    Wholesale trade .................................................     846    3,347      708      696   -3,906
    Depository institutions .........................................   3,036      772      289    1,499      477
    Finance (except depository institutions),
      insurance and real estate .....................................  41,388    8,884   11,749    6,580   14,175
    Services ........................................................   4,557      129      763    2,148    1,517
    Other industries ................................................  11,990    4,482    2,373    4,081    1,054


U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
       [Millions of dollars; (-) inflows; not seasonally adjusted]
                                                                       1998
                                                                       Year       I       II       III      IV
         All countries, all industries .............................. 121,644   37,841   41,721   20,166   21,916

                               By country

    Canada ..........................................................  10,259    5,114    1,934    2,204    1,008

    Europe ..........................................................  74,538   23,385   28,062   10,167   12,924

      Austria .......................................................   1,137      120      724       66      227
      Belgium .......................................................     959      570       32      -41      398
      Denmark .......................................................     406       24       21      186      175
      Finland .......................................................     334      145       34       93       62
      France ........................................................   2,895    1,843    1,247      175     -371

      Germany .......................................................   2,025      391    2,261     -232     -396
      Greece ........................................................      20        3        9      -12       20
      Ireland .......................................................   3,554    2,065      916     -342      915
      Italy .........................................................    -262      351       -2      174     -785
      Luxembourg ....................................................   4,585    3,136      432      484      532
      Netherlands ...................................................  14,996    4,434    3,246    3,547    3,768

      Norway ........................................................     821       97      222      -75      578
      Portugal ......................................................      13       68       62      -14     -102
      Spain .........................................................     650      316      275      214     -154
      Sweden ........................................................     721      453      360     -203      111
      Switzerland ...................................................   5,966    1,702      602    2,366    1,296
      Turkey ........................................................      60      -32       91      -18       19
      United Kingdom ................................................  34,428    6,922   17,040    3,634    6,831
      Other .........................................................   1,229      777      490      165     -203

    Latin America and Other
      Western Hemisphere ............................................  18,020    6,176    3,659    4,046    4,138

      South America .................................................   7,248    1,997    2,031    1,914    1,305
        Argentina ...................................................   1,238      473       75      559      131
        Brazil ......................................................   3,790    1,233      980    1,181      397
        Chile .......................................................     612       11      280      182      139
        Colombia ....................................................     406     -226      332       30      271
        Ecuador .....................................................     122       38       34       35       15
        Peru ........................................................     165       80       33       60       -8
        Venezuela ...................................................     786      409      273     -176      280
        Other .......................................................     129      -21       25       43       81

      Central America ...............................................   5,471    1,691    1,473    2,145      162
        Costa Rica ..................................................     624      511       86       67      -40
        Guatemala ...................................................      74       22       24       -3       31
        Honduras ....................................................       8      -22        2       18       10
        Mexico ......................................................   2,533      709      676    1,404     -257
        Panama ......................................................   1,841      408      577      496      360
        Other .......................................................     392       62      109      163       58

      Other Western Hemisphere ......................................   5,301    2,489      154      -13    2,671
        Bahamas .....................................................    -860       59     -484     -619      185
        Barbados ....................................................     272        6      -35      194      107
        Bermuda .....................................................   3,871      924      492       68    2,387
        Dominican Republic ..........................................      73       15        5       22       30
        Jamaica .....................................................     173       (D)      51       51       (D)
        Netherlands Antilles ........................................     -29      -41       39       60      -88
        Trinidad and Tobago .........................................     399      105      102        0      192
        U.K. Islands, Caribbean .....................................   1,462    1,506      -50      133     -126
        Other .......................................................     -60       (D)      33       78       (D)

    Africa ..........................................................   2,712      202      924      802      784
      Egypt .........................................................     361      -73      196      106      132
      Nigeria .......................................................     530      214      183        6      126
      South Africa ..................................................     257     -183       -4      185      259
      Other .........................................................   1,564      244      549      505      266
                                                                                                                0
    Middle East .....................................................   2,062      591      737      331      402
      Israel ........................................................   1,217       99      569      196      353
      Saudi Arabia ..................................................     362      178       56       78       50
      United Arab Emirates ..........................................     140      116       27       -7        4
      Other .........................................................     343      198       85       65       -6

    Asia and Pacific ................................................  13,471    2,574    6,197    2,689    2,011
      Australia .....................................................   3,659      573    3,855      601   -1,370
      China .........................................................   1,490      335      183      594      377
      Hong Kong .....................................................   1,571      168      273      874      256
      India .........................................................      25       76      -78       -8       35
      Indonesia .....................................................     384      280      203     -181       82
      Japan .........................................................   3,844      606    2,474      438      326
      Korea, Republic of ............................................     665      118      214       72      260
      Malaysia ......................................................    -302       19      -33     -626      338
      New Zealand ...................................................  -1,699      -27   -2,032       56      305
      Philippines ...................................................     121      121      -78      200     -122
      Singapore .....................................................   1,895      -82      758      342      876
      Taiwan ........................................................     396      222       77       41       55
      Thailand ......................................................   1,333      127      341      295      570
      Other .........................................................      91       39       39       -9       22

    International/1/ ................................................     582     -201      208      -74      650

    Addenda:
      Eastern Europe/2/ .............................................   1,368      716      470      173        9
      European Union (15)/3/ ........................................  66,461   20,841   26,657    7,730   11,233
      OPEC/4/ .......................................................   3,379    1,465    1,031      128      755

                               By industry

    Petroleum .......................................................   9,780    3,783    3,103    2,337      557
    Manufacturing ...................................................  26,680   12,483    7,280    5,157    1,759
      Food and kindred products .....................................   1,670    1,015      625      247     -218
      Chemicals and allied products .................................   7,072    4,206    2,230      765     -129
      Primary and fabricated metals .................................   1,109      581      113      294      121
      Industrial machinery and equipment ............................   2,810    1,147      410    1,555     -302
      Electronic and other electric equipment .......................   2,670    1,445      332      698      195
      Transportation equipment ......................................   1,692    1,231    1,256   -1,237      442
      Other manufacturing ...........................................   9,658    2,858    2,314    2,836    1,650
    Wholesale trade .................................................   9,130    2,448    1,030    3,808    1,843
    Depository institutions .........................................   1,253    1,039    1,019     -371     -434
    Finance (except depository institutions),
      insurance and real estate .....................................  44,445   13,079   14,601    5,501   11,263
    Services ........................................................  10,867    2,360    3,977    3,257    1,274
    Other industries ................................................  19,490    2,648   10,711      477    5,654


U.S. Direct Investment Abroad: Country and Industry Detail for Capital Outflows
   [Millions of dollars; (-) inflows; not seasonally adjusted]

NOTE: Estimates for the most recent quarter are preliminary, are based on incomplete source data, and thus
may be subject to sizable revisions.  Revised estimates based on more comprehensive source data
                 will be released next quarter.

                                                                   1999
                                                                   Year       I       II       III      IV
     All countries, all industries .............................. Prelim-   42,135   30,045   42,715  Prelim-
                                                                   inary                               inary
                           By country                            estimate                            estimate
                                                                  to be                               to be
Canada ..........................................................available   2,644    6,860    2,726 available
                                                                    in                                  in
Europe ..........................................................  March    21,520    8,564   32,606   March
                                                                   2000                                2000
  Austria .......................................................  .......     -56       10     -123   ....
  Belgium .......................................................  .......     843      -29      712   ....
  Denmark .......................................................  .......     -55      606      130   ....
  Finland .......................................................  .......      92       15      -11   ....
  France ........................................................  .......      50     -132       78   ....

  Germany .......................................................  .......   4,794      -37      514   ....
  Greece ........................................................  .......     -11       10      -27   ....
  Ireland .......................................................  .......     788    1,180      632   ....
  Italy .........................................................  .......     582    1,181    1,084   ....
  Luxembourg ....................................................  .......     479      840      805   ....
  Netherlands ...................................................  .......   4,717   -3,535    4,852   ....

  Norway ........................................................  .......      68      172       31   ....
  Portugal ......................................................  .......      84       21       42   ....
  Spain .........................................................  .......     336     -839      493   ....
  Sweden ........................................................  .......   1,975     -376      643   ....
  Switzerland ...................................................  .......   3,787     -211    1,189   ....
  Turkey ........................................................  .......      50       49      103   ....
  United Kingdom ................................................  .......   2,679    9,303   21,157   ....
  Other .........................................................  .......     319      335      301   ....

Latin America and Other
  Western Hemisphere ............................................  .......   7,013    9,663    1,787   ....

  South America .................................................  .......   2,111    1,698    1,650   ....
    Argentina ...................................................  .......     695      259      355   ....
    Brazil ......................................................  .......     281      662      203   ....
    Chile .......................................................  .......     235       33      753   ....
    Colombia ....................................................  .......     125      227      153   ....
    Ecuador .....................................................  .......      38      101       23   ....
    Peru ........................................................  .......     -25       94       32   ....
    Venezuela ...................................................  .......     701      336      154   ....
    Other .......................................................  .......      59      -12      -22   ....

  Central America ...............................................  .......   2,950    2,040    2,085   ....
    Costa Rica ..................................................  .......     -27       (D)     -15   ....
    Guatemala ...................................................  .......       9      -10       17   ....
    Honduras ....................................................  .......       8       (D)      11   ....
    Mexico ......................................................  .......   2,090    1,463    1,313   ....
    Panama ......................................................  .......     810    1,031      682   ....
    Other .......................................................  .......      59       -4       77   ....

  Other Western Hemisphere ......................................  .......   1,952    5,925   -1,948   ....
    Bahamas .....................................................  .......    -191     -129       (D)  ....
    Barbados ....................................................  .......     -30       10      111   ....
    Bermuda .....................................................  .......   1,477    4,933   -3,396   ....
    Dominican Republic ..........................................  .......      19       77      176   ....
    Jamaica .....................................................  .......      12      125      151   ....
    Netherlands Antilles ........................................  .......      29       16       43   ....
    Trinidad and Tobago .........................................  .......      39      -46        2   ....
    U.K. Islands, Caribbean .....................................  ......      624      813      650   ....
    Other .......................................................  .......     -27      126       (D)  ....

Africa ..........................................................  .......   1,257      -79      457   ....
  Egypt .........................................................  .......      53     -153       49   ....
  Nigeria .......................................................  .......     156     -148       16   ....
  South Africa ..................................................  .......     621       90      148   ....
  Other .........................................................  .......     427      131      243   ....

Middle East .....................................................  .......     651      750      541   ....
  Israel ........................................................  .......     503      784      327   ....
  Saudi Arabia ..................................................  .......     112     -106       43   ....
  United Arab Emirates ..........................................  .......     -54        3       28   ....
  Other .........................................................  .......      90       69      142   ....

Asia and Pacific ................................................  .......   8,705    4,131    4,521   ....
  Australia .....................................................  .......   3,389      265      331   ....
  China .........................................................  .......     354      318       53   ....
  Hong Kong .....................................................  .......    -633      831      399   ....
  India .........................................................  .......      14      352     -408   ....
  Indonesia .....................................................  .......   2,758       47      252   ....
  Japan .........................................................  .......     499      730    2,170   ....
  Korea, Republic of ............................................  .......      46      310      189   ....
  Malaysia ......................................................  .......    -178      405       77   ....
  New Zealand ...................................................  .......     -55      -72      206   ....
  Philippines ...................................................  .......      65     -118      118   ....
  Singapore .....................................................  .......     812      342      911   ....
  Taiwan ........................................................  .......     101       91       32   ....
  Thailand ......................................................  .......   1,300      514      204   ....
  Other .........................................................  .......     232      115      -14   ....

International/1/ ................................................  .......     345      156       77   ....

Addenda:
  Eastern Europe/2/ .............................................  .......     258      301      276   ....
  European Union (15)/3/ ........................................  .......  17,297    8,218   30,982   ....
  OPEC/4/ .......................................................  .......   3,856      250      597   ....

                           By industry

Petroleum .......................................................  .......   6,763    1,821    1,994   ....
Manufacturing ...................................................  .......  15,040   10,020   13,888   ....
  Food and kindred products .....................................  .......   1,630      126      462   ....
  Chemicals and allied products .................................  .......   4,305      708    1,998   ....
  Primary and fabricated metals .................................  .......       9      248      959   ....
  Industrial machinery and equipment ............................  .......   1,682      434    3,090   ....
  Electronic and other electric equipment .......................  .......   1,429    1,556    1,464   ....
  Transportation equipment ......................................  .......   4,249    5,205    1,407   ....
  Other manufacturing ...........................................  .......   1,736    1,744    4,509   ....
Wholesale trade .................................................  .......   5,006   -1,729    2,721   ....
Depository institutions .........................................  .......    -287      450       79   ....
Finance (except depository institutions),
  insurance and real estate .....................................  .......  13,092   12,055    5,988   ....
Services ........................................................  .......     332    2,500    4,833   .......
Other industries ................................................  .......   2,189    4,928   13,212   ....

  * Less than $500,000 +/-.
  D Suppressed to avoid disclosure of data of individual companies.
  1. "International" consists of affiliates that have operations spanning more than one country
and that are engaged in petroleum shipping, other water transportation, or offshore oil and gas
drilling.
  2. "Eastern Europe" comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czech Republic,
Estonia, Georgia, Hungary, Kazakhstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia,
Slovakia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.
  3. The European Union (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland,
Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom.  The European Union (15)
comprises the European Union (12) and the three countries--Austria, Finland, and Sweden--that
joined the Union in 1995.
  4. Beginning with 1995, OPEC (Organization of Petroleum Exporting Countries) comprises Algeria,
Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and
Venezuela.  Prior to 1995, Gabon was also a member.
NOTE.--In this table, unlike in the international transactions accounts, capital outflows are shown
without a current-cost adjustment.