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Foreign direct investment in the United States: detail for historical-cost position and related capital and income flows, 1993.

THE FOLLOWING SET of tables presents detailed estimates of the foreign direct investment position in the United States on a historical-cost, or book-value, basis and of the related capital and income flows. These tables supplement an article in the June 1994 SURVEY OF CURRENT BUSINESS that summarized developments in 1993 in the U.S. direct investment positions at historical cost.(1) Tables 16 and 17 show estimates of the position, capital flows, and income at the most detailed levels possible--that is, for every country from which there was investment and for every industry in which investment was made. Estimates for 1993 are preliminary; those for 1991--92 are revised.

The estimates in tables 3--18 differ in two respects from those for comparable items included in the international investment position of the United States and in the U.S. international transactions accounts.(2) First, the estimates in tables 3--18 are on a historical-cost basis, which is the only basis on which detailed estimates by country and industry are available; in contrast, the direct investment position estimates in the international investment position of the United States are presented on both a current-cost and a market-value basis, and direct investment income and capital flow estimates in the U.S. international transactions accounts are presented on a current-cost basis. Second, the estimates of direct investment current-account items (income and services) in tables 3--18, unlike those in the U.S. international transactions accounts, are net (after deduction) of U.S. and foreign withholding taxes; estimates gross of withholding taxes are not available by country or by industry.

Table 1 shows the total foreign direct investment position in the United States and a comparable rate of return on all three valuation bases (historical cost, current cost, and market value); table 2 reconciles the estimates presented in tables 3--18 with those included in the U.S. international transactions accounts.

Tables 1 through 18 follow.

[TABULAR DATA OMITTED]

(1.)See "Direct Investment Positions on a Historical-Cost Basis, 1993: Country and Industry Detail," SURVEY OF CURRENT BUSINESS 74 (June 1994): 72--78.

(2.)See "The International Investment Position of the United States in 1993," and "U.S. International Transactions, First Quarter 1994," SURVEY 74 (June 1994): 63--71 and 86--127.
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Publication:Survey of Current Business
Date:Aug 1, 1994
Words:368
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