Table 4.—Investment Outlays by Industry of U.S. Business Enterprise and by Country of Ultimate Beneficial Owner, 1989-95

	1989	1990	1991	1992	1993	1994/r/	1995/p/
Total	71,163	65,932	25,538	15,333	26,229	45,626	54,368
By industry:
Petroleum	1,189	1,141	702	463	882	469	1,731
Manufacturing	35,958	23,898	11,461	6,014	11,090	21,218	28,493
Food and kindred products	6,515	997	1,247	404	1,294	4,567	4,233
Chemicals and allied products	11,584	7,518	2,897	1,644	5,035	6,905	13,716
Primary and fabricated metals	3,545	2,447	797	1,187	1,297	1,485	578
Machinery	4,346	3,795	4,929	1,002	1,778	1,867	5,350
Other manufacturing	9,969	9,141	1,591	1,778	1,686	6,393	4,616
Wholesale trade	2,634	1,676	623	698	837	2,156	(/D/)
Retail trade	1,861	1,250	1,605	256	1,495	1,542	2,957
Depository institutions/1/	349	897	482	529	958	2,026	2,592
Finance, except depository institutions/1/	4,186	2,121	2,199	797	1,599	2,195	5,751
Insurance	1,901	2,093	2,102	291	1,105	450	(/D/)
Real estate	6,438	7,771	3,823	2,161	1,883	2,647	2,679
Services	10,058	19,369	2,256	2,023	4,162	7,163	4,142
Other industries	6,587	5,716	284	2,101	2,218	5,760	3,983
By country/2/:
Canada	4,403	3,430	3,454	1,351	3,797	4,128	6,481
Europe	40,724	36,011	13,994	8,344	16,845	31,920	36,654
France	3,469	10,217	4,976	406	1,249	1,404	1,217
Germany/3/	2,435	2,363	1,922	1,964	2,841	3,328	14,155
Netherlands	3,629	2,247	1,661	1,331	2,074	1,537	885
Switzerland	4,923	3,905	1,327	1,259	804	5,044	4,198
United Kingdom	23,047	13,096	2,169	2,255	8,238	17,261	9,676
Other Europe	3,221	4,183	1,939	1,129	1,639	3,346	6,523
Latin America and Other Western Hemisphere	1,084	796	375	1,438	874	1,352	1,329
South and Central America	650	399	108	1,152	527	(/D/)	(/D/)
Other Western Hemisphere	434	397	267	286	347	(/D/)	(/D/)
Africa	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)
Middle East	243	472	1,006	238	1,308	(/D/)	500
Asia and Pacific	24,530	23,170	6,560	3,716	3,004	5,263	9,169
Australia	4,574	1,412	251	164	129	1,522	2,488
Japan	17,410	19,933	5,357	2,921	2,065	2,715	3,758
Other Asia and Pacific	2,546	1,825	952	631	810	1,026	2,923
United States/4/	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	201	(/D/)

r Revised.

p Preliminary.

D Suppressed to avoid disclosure of data of individual companies.

1. Prior to 1992, "depository institutions" excludes, and "finance, except depository institutions" includes, savings institutions and credit unions. Beginning with 1992, savings institutions and credit unions have been reclassified from "finance, except depository institutions" to "depository institutions."

2. For investments in which more than one investor participated, each investor and each investor's outlays are classified by country of each ultimate beneficial owner.

3. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line also includes the former German Democratic Republic (GDR). This change has no effect on the data because, prior to 1991, there were no U.S. affiliates of the former GDR.

4. See footnote 4 in text for explanation.