Table 10.—Gross Product of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1988-94

	Millions of dollars							Percent of all-countries total							Addendum: Percent change in affiliate gross product, 1993-94
	1988	1989	1990	1991	1992	1993	1994	1988	1989	1990	1991	1992	1993	1994
All countries	190,384	223,420	239,279	257,634	266,333	285,738	320,060	100.0	100.0	100.0	100.0	100.0	100.0	100.0	12.0
Canada	35,384	35,984	38,304	39,289	33,479	41,062	43,256	18.6	16.1	16.0	15.3	12.6	14.4	13.5	5.3
Europe	111,522	129,952	139,824	149,305	161,226	168,296	191,972	58.6	58.2	58.4	58.0	60.5	58.9	60.0	14.1
Belgium	3,542	3,502	3,108	2,879	3,725	3,711	4,263	1.9	1.6	1.3	1.1	1.4	1.3	1.3	14.9
Denmark	685	892	1,014	1,155	1,143	1,689	1,821	.4	.4	.4	.4	.4	.6	.6	7.8
Finland	370	431	940	1,071	1,262	1,435	1,690	.2	.2	.4	.4	.5	.5	.5	17.8
France	10,828	13,226	14,934	17,132	18,899	19,274	22,674	5.7	5.9	6.2	6.6	7.1	6.7	7.1	17.6
Germany/1/	17,905	20,844	24,133	25,733	28,716	32,055	36,961	9.4	9.3	10.1	10.0	10.8	11.2	11.5	15.3
Ireland	1,552	1,792	1,702	1,695	1,852	1,655	1,994	.8	.8	.7	.7	.7	.6	.6	20.5
Italy	1,574	1,172	1,404	2,081	2,318	2,541	2,952	.8	.5	.6	.8	.9	.9	.9	16.2
Luxembourg	363	450	500	559	697	814	974	.2	.2	.2	.2	.3	.3	.3	19.7
Netherlands	17,517	19,120	18,255	18,607	19,657	20,765	24,684	9.2	8.6	7.6	7.2	7.4	7.3	7.7	18.9
Norway	396	441	450	492	563	709	883	.2	.2	.2	.2	.2	.2	.3	24.5
Sweden	4,561	4,823	4,861	6,787	7,053	5,944	5,436	2.4	2.2	2.0	2.6	2.6	2.1	1.7	-8.5
Switzerland	10,589	14,441	14,604	15,290	17,117	16,847	17,626	5.6	6.5	6.1	5.9	6.4	5.9	5.5	4.6
United Kingdom	40,048	47,249	53,259	55,017	57,412	59,864	68,893	21.0	21.1	22.3	21.4	21.6	21.0	21.5	15.1
Other	1,591	1,568	660	807	812	992	1,119	.8	.7	.3	.3	.3	.3	.3	12.8
Latin America and Other Western Hemisphere	7,119	8,584	8,639	9,137	8,739	10,126	11,635	3.7	3.8	3.6	3.5	3.3	3.5	3.6	14.9
Mexico	122	501	723	776	1,109	1,400	1,541	.1	.2	.3	.3	.4	.5	.5	10.1
Panama	1,476	3,036	1,356	1,489	1,638	1,460	1,595	.8	1.4	.6	.6	.6	.5	.5	9.2
Venezuela	1,609	1,725	2,283	2,669	3,124	3,757	4,531	.8	.8	1.0	1.0	1.2	1.3	1.4	20.6
Bermuda	1,072	1,042	1,385	1,398	1,153	1,274	1,642	.6	.5	.6	.5	.4	.4	.5	28.9
Netherlands Antilles	1,025	1,033	1,285	1,368	1,071	1,233	1,261	.5	.5	.5	.5	.4	.4	.4	2.3
Other	1,815	1,247	1,606	1,437	645	1,002	1,065	1.0	.6	.7	.6	.2	.4	.3	6.3
Africa	1,289	1,195	1,260	1,241	1,267	1,387	1,515	.7	.5	.5	.5	.5	.5	.5	9.3
South Africa	836	809	912	891	877	897	995	.4	.4	.4	.3	.3	.3	.3	10.9
Other	453	385	348	350	390	489	520	.2	.2	.1	.1	.1	.2	.2	6.2
Middle East	2,608	4,225	3,142	3,919	3,460	4,556	5,549	1.4	1.9	1.3	1.5	1.3	1.6	1.7	21.8
Kuwait	811	868	774	998	953	1,062	1,101	.4	.4	.3	.4	.4	.4	.3	3.7
Saudi Arabia	1,274	2,881	2,009	2,493	2,117	2,923	3,146	.7	1.3	.8	1.0	.8	1.0	1.0	7.6
Other	523	476	359	428	390	571	1,303	.3	.2	.2	.2	.1	.2	.4	128.3
Asia and Pacific	30,423	41,655	46,269	52,551	54,318	56,342	61,156	16.0	18.6	19.3	20.4	20.4	19.7	19.1	8.5
Australia	4,127	7,399	8,096	8,809	8,101	7,732	4,795	2.2	3.3	3.4	3.4	3.0	2.7	1.5	-38.0
Hong Kong	787	739	799	974	1,056	1,395	1,547	.4	.3	.3	.4	.4	.5	.5	10.9
Japan	24,014	31,098	34,484	40,056	42,659	44,539	50,992	12.6	13.9	14.4	15.5	16.0	15.6	15.9	14.5
Korea, Republic of	422	303	497	560	549	693	708	.2	.1	.2	.2	.2	.2	.2	2.2
Taiwan	117	10	426	545	560	744	1,258	.1	(*)	.2	.2	.2	.3	.4	69.1
Other	955	2,106	1,967	1,607	1,392	1,239	1,856	.5	.9	.8	.6	.5	.4	.6	49.9
United States	2,041	1,825	1,842	2,191	3,843	3,969	4,976	1.1	.8	.8	.9	1.4	1.4	1.6	25.4

* Less than 0.05 percent.

1. For the years prior to 1990, includes data only for the Federal Republic of Germany. Beginning with 1990, also includes the former German Democratic Republic (GDR). This change has no effect on the data because there were no U.S. affiliates of the former GDR prior to 1990.