Table 1.—Alternative Direct Investment Position Estimates, 1998 and 1999

[Millions of dollars]

Valuation method	Position at yearend 1998/r/	Changes in 1999 (decrease (–))			Position at yearend 1999/p/
		Total	Capital flows	Valuation adjustments
U.S. direct investment abroad:
Historical cost	1,014,012	118,610	138,510	–19,900	1,132,622
Current cost	1,207,059	124,128	150,901	–26,773	1,331,187
Market value	2,173,547	441,985	150,901	291,084	2,615,532
Foreign direct investment in the United States:
Historical cost	793,748	192,920	271,169	–78,249	986,668
Current cost	928,645	196,569	275,533	–78,964	1,125,214
Market value	2,190,990	609,746	275,533	334,213	2,800,736

p Preliminary.

r Revised.