Table 1.—Selected Data on Newly Acquired or Established U.S. Businesses and on Nonbank U.S. Affiliates, 1977-96

	Newly acquired or established U.S. businesses		All nonbank U.S. affiliates			Addendum: Employment by newly acquired or established U.S. businesses as a percent of employment by all nonbank U.S. affiliates/2/
	Outlays (millions of dollars)	Employment (thousands of employees)	Employment (thousands of employees)	Gross product (millions of dollars)	U.S.-affiliate share of gross product originating in private industries/1/ (percent)
1977	n.a.	n.a.	1,218.7	35,222	2.3	n.a.
1978	n.a.	n.a.	1,429.9	42,920	2.5	n.a.
1979	n.a.	n.a.	1,753.2	55,424	2.9	n.a.
1980	12,172	292.5	2,033.9	70,906	3.4	14.4
1981	23,219	442.8	2,416.6	98,828	4.2	18.3
1982	10,817	233.8	2,448.1	103,489	4.3	9.6
1983	8,091	108.1	2,546.5	111,490	4.3	4.2
1984	15,197	172.5	2,714.3	128,761	4.4	6.4
1985	23,106	275.5	2,862.2	134,852	4.3	9.6
1986	39,177	438.0	2,937.9	142,120	4.3	14.9
1987	40,310	394.1	3,224.3	157,869	4.5	12.2
1988	72,692	736.3	3,844.2	190,384	5.0	19.2
1989	71,163	722.0	4,511.5	223,420	5.4	16.0
1990	65,932	474.3	4,734.5	239,279	5.5	10.0
1991	25,538	249.0	4,871.9	257,634	5.9	5.1
1992	15,333	141.5	4,715.4	266,333	5.8	3.0
1993	26,229	289.1	4,765.6	285,738	5.8	6.1
1994	45,626	289.3	/r/4,840.5	/r/312,981	6.0	6.0
1995	/r/57,195	/r/312.9	/p/4,928.3	/p/326,955	6.0	6.3
1996	/p/80,537	/p/443.4	n.a.	n.a.	n.a.	n.a.

p Preliminary.

r Revised.

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.

n.a. Not available.