Table 1.—Selected Data on Newly Acquired or Established U.S. Businesses and on Nonbank U.S. Affiliates, 1977-97

	Newly acquired or established U.S. businesses		All nonbank U.S. affiliates			Addendum: Employment by newly acquired or established U.S. businesses as a percentage of employment by all nonbank U.S. affiliates/2/
	Outlays (billions of dollars)	Employment (thousands of employees)	Employment (thousands of employees)	Gross product (billions of dollars)	U.S.-affiliate share of gross product originating in private industries/1/ (percent)
1977	n.a.	n.a.	1,218.7	35.2	2.3	n.a.
1978	n.a.	n.a.	1,429.9	42.9	2.5	n.a.
1979	n.a.	n.a.	1,753.2	55.4	2.9	n.a.
1980	12.2	292.5	2,033.9	70.9	3.4	14.4
1981	23.2	442.8	2,416.6	98.8	4.2	18.3
1982	10.8	233.8	2,448.1	103.5	4.3	9.6
1983	8.1	108.1	2,546.5	111.5	4.3	4.2
1984	15.2	172.5	2,714.3	128.8	4.4	6.4
1985	23.1	275.5	2,862.2	134.9	4.3	9.6
1986	39.2	438.0	2,937.9	142.1	4.3	14.9
1987	40.3	394.1	3,224.3	157.9	4.5	12.2
1988	72.7	736.3	3,844.2	190.4	5.0	19.2
1989	71.2	722.0	4,511.5	223.4	5.4	16.0
1990	65.9	474.3	4,734.5	239.3	5.5	10.0
1991	25.5	249.0	4,871.9	257.6	5.9	5.1
1992	15.3	141.5	4,715.4	266.3	5.8	3.0
1993	26.2	289.1	4,765.6	285.7	5.8	6.1
1994	45.6	289.3	4,840.5	313.0	6.0	6.0
1995	57.2	312.9	/r/4,941.8	/r/322.6	5.9	6.3
1996	/r/79.9	/r/436.9	/p/4,977.5	/p/339.5	5.9	8.8
1997	/p/70.8	/p/297.6	n.a.	n.a.	n.a.	n.a.

p Preliminary.

r Revised.

n.a. Not available.

1. For improved comparability with U.S. affiliate gross product, gross product originating in private industries was adjusted to exclude gross product originating in depository institutions and private households, imputed rental income from owner-occupied housing, and business transfer payments.
2. Because the data on new affiliates include bank affiliates, the percentages shown in this column are biased upward. In all years, the bias is less than 1 percentage point; in most years, it is less than 0.3 percentage point.