Table 1.—Alternative Direct Investment Position Estimates, 1995 and 1996

[Millions of dollars]

Valuation method Position at yearend 1995/r/ Changes in 1996 Position at yearend 1996/p/
Total Capital flows Valuation adjustments
U.S. direct investment abroad:
Historical cost 717,554 78,940 85,561 -6,620 796,494
Current cost 884,290 86,508 87,812 -1,304 970,798
Market value 1,311,991 222,617 87,812 134,805 1,534,609
Foreign direct investment in the United States:
Historical cost 560,850 69,195 78,828 -9,633 630,045
Current cost 654,502 74,550 76,955 -2,405 729,052
Market value 1,031,981 221,661 76,955 144,706 1,253,642

p Preliminary.

r Revised.