Table 19.1.—Investment Outlays, Country of Ultimate Beneficial Owner by Industry of U.S. Business Enterprise, 1994

[Millions of dollars]

	All industries	Petroleum	Manufacturing						Wholesale trade	Retail trade	Depository institutions/1/	Finance, except depository institutions/1/	Insurance	Real estate	Services	Other industries
	All industries	Petroleum	Total	Food and kindred products	Chemicals and allied products	Primary and fabricated metals	Machinery	Other manufacturing	Wholesale trade	Retail trade	Depository institutions/1/	Finance, except depository institutions/1/	Insurance	Real estate	Services	Other industries
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)
All countries	45,626	469	21,218	4,567	6,905	1,485	1,867	6,393	2,156	1,542	2,026	2,195	450	2,647	7,163	5,760

Canada	4,128	236	970	(/D/)	(/D/)	109	30	701	60	(/D/)	(/D/)	(/D/)	245	233	(/D/)	602

Europe	31,920	128	15,345	(/D/)	5,938	(/D/)	1,488	3,081	1,707	1,088	1,775	745	98	942	5,295	4,795
Austria	3	0	0	0	0	0	0	0	0	0	0	3	0	(*)	(*)	0
Belgium	(/D/)	0	(/D/)	0	0	0	(/D/)	(/D/)	(/D/)	0	0	0	0	0	0	0
Denmark	(/D/)	0	(/D/)	0	0	0	(/D/)	(/D/)	0	0	0	0	0	0	(/D/)	(/D/)
Finland	(/D/)	0	(/D/)	0	0	0	(/D/)	0	0	0	0	0	0	0	2	0
France	1,404	1	933	0	(/D/)	0	6	(/D/)	54	(/D/)	(/D/)	(/D/)	0	56	74	(/D/)

Germany	3,328	(/D/)	2,449	0	(/D/)	(/D/)	331	546	51	(/D/)	0	(/D/)	1	502	101	(/D/)
Ireland	(/D/)	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	(/D/)	0	0	(/D/)
Italy	412	0	245	0	(/D/)	0	52	(/D/)	(/D/)	5	0	(*)	0	(/D/)	3	1
Liechtenstein	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Luxembourg	172	0	(/D/)	0	0	(/D/)	0	0	0	(/D/)	0	0	0	(/D/)	(/D/)	(/D/)
Netherlands	1,537	0	470	(/D/)	(/D/)	0	(/D/)	(/D/)	52	(/D/)	(/D/)	(/D/)	(/D/)	131	(/D/)	4

Norway	(/D/)	(/D/)	(/D/)	0	(/D/)	0	0	0	2	0	0	0	0	0	(/D/)	5
Spain	(/D/)	0	0	0	0	0	0	0	0	0	(/D/)	5	0	(/D/)	0	0
Sweden	1,105	0	102	0	2	(/D/)	(/D/)	(/D/)	(/D/)	0	0	(/D/)	0	0	2	(/D/)
Switzerland	5,044	0	(/D/)	(/D/)	0	(/D/)	2	(/D/)	(/D/)	2	0	18	(/D/)	86	388	(/D/)
United Kingdom	17,261	(/D/)	6,041	(/D/)	(/D/)	(/D/)	579	1,555	141	1,024	(/D/)	63	(/D/)	111	4,657	(/D/)
Other	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Latin America and Other Western Hemisphere	1,352	(/D/)	(/D/)	(/D/)	(/D/)	36	2	(/D/)	47	(/D/)	(/D/)	12	1	(/D/)	(/D/)	(/D/)

South and Central America	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	36	2	(/D/)	(/D/)	(/D/)	(/D/)	7	0	67	(/D/)	(/D/)
Brazil	23	0	(/D/)	0	0	(/D/)	0	0	(/D/)	0	0	2	0	0	(/D/)	1
Mexico	912	0	523	(/D/)	0	(/D/)	2	(/D/)	10	0	0	5	0	64	(/D/)	(/D/)
Panama	3	0	0	0	0	0	0	0	0	0	0	0	0	3	0	0
Venezuela	(/D/)	(/D/)	(/D/)	0	(/D/)	0	0	0	0	0	0	0	0	0	0	0
Other	(/D/)	0	0	0	0	0	0	0	0	(/D/)	(/D/)	0	0	0	0	(*)

Other Western Hemisphere	(/D/)	0	4	0	0	0	0	4	(/D/)	(/D/)	0	4	1	(/D/)	0	5
Bahamas	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	0	0
Bermuda	(/D/)	0	0	0	0	0	0	0	(/D/)	0	0	0	1	0	0	0
Netherlands Antilles	5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5
U. K. Islands, Caribbean	(/D/)	0	4	0	0	0	0	4	(/D/)	(/D/)	0	4	0	4	0	0
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Africa	(/D/)	0	(/D/)	0	(/D/)	(/D/)	5	(/D/)	(/D/)	0	0	3	0	0	0	0
South Africa	(/D/)	0	(/D/)	0	(/D/)	(/D/)	0	(/D/)	(/D/)	0	0	3	0	0	0	0
Other	5	0	5	0	0	0	5	0	0	0	0	0	0	0	0	0

Middle East	(/D/)	0	132	0	(/D/)	0	17	(/D/)	(/D/)	0	0	(/D/)	(/D/)	149	86	0
Israel	157	0	(/D/)	0	(/D/)	0	(/D/)	(/D/)	(/D/)	0	0	0	0	(/D/)	12	0
Kuwait	8	0	0	0	0	0	0	0	0	0	0	3	0	5	0	0
Lebanon	3	0	0	0	0	0	0	0	0	0	0	(*)	0	3	0	0
Saudi Arabia	172	0	(/D/)	0	0	0	(/D/)	0	0	0	0	0	(/D/)	(/D/)	75	0
United Arab Emirates	(/D/)	0	0	0	0	0	0	0	0	0	0	(*)	0	(/D/)	0	0
Other	(/D/)	0	0	0	0	0	0	0	0	0	0	(/D/)	0	(/D/)	0	0

Asia and Pacific	5,263	(/D/)	1,815	(/D/)	52	(/D/)	320	466	325	(/D/)	0	1,070	(/D/)	1,198	685	(/D/)
Australia	1,522	(/D/)	816	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	0	(*)	0	(/D/)	0	(/D/)	58	3
China	42	0	1	0	0	0	(*)	(*)	0	0	0	0	0	(/D/)	(/D/)	(/D/)
Hong Kong	233	0	(/D/)	0	0	0	0	(/D/)	0	0	0	11	0	(/D/)	1	0
Indonesia	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	(/D/)	0
Japan	2,715	1	756	(/D/)	(/D/)	209	131	366	144	(/D/)	0	(/D/)	(/D/)	720	(/D/)	5
Korea, Republic of	(/D/)	0	1	1	0	0	1	0	(/D/)	0	0	0	0	5	0	0
Malaysia	162	0	(/D/)	0	0	0	(/D/)	0	0	0	0	0	0	0	(/D/)	(/D/)
New Zealand	(/D/)	(/D/)	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	0	0	0
Philippines	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Singapore	297	0	(/D/)	0	0	0	(/D/)	0	(/D/)	0	0	1	0	(/D/)	(/D/)	0
Taiwan	56	0	(/D/)	0	0	0	0	(/D/)	(/D/)	0	0	0	0	44	0	0
Other	3	3	(*)	0	(*)	0	0	0	(*)	0	0	0	0	0	0	0

United States/2/	201	0	43	(/D/)	3	(/D/)	5	0	(*)	0	0	(/D/)	(/D/)	(/D/)	0	0

Addenda:
European Union (12)/3/	25,027	95	10,410	275	5,546	421	1,129	3,038	513	1,086	1,775	574	89	856	4,893	4,735
OPEC/4/	305	(/D/)	(/D/)	0	(/D/)	0	5	0	0	0	0	3	(/D/)	114	80	0

D Suppressed to avoid disclosure of data of individual companies.

* Less than $500,000.

1. See footnote 1, table 4.

2. See footnote 4 in text for explanation.

3. The European Union (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, and the United Kingdom. Prior to 1993, the European Union was known as the European Communities (12).

4. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

NOTE.—Data for 1994 are revised. For investments in which more than one investor participated, each investor and each investor's outlays are classified by the country of each individual ultimate beneficial owner.