| Number of newly acquired and established affiliates | Millions of dollars | Thousands of employees | ||||
| Total | Acquired | Established | Total assets | Sales | ||
 All
areas, all industries |
406 | 191 | 215 | 72,389 | 38,818 | 150.4 |
| By major area | ||||||
| Canada | 27 | 10 | 17 | 3,782 | 1,401 | 8.3 |
| Europe | 201 | 107 | 94 | 43,848 | 26,559 | 106.9 |
| Latin America and Other Western Hemisphere | 66 | 20 | 46 | 7,986 | 1,282 | 10.6 |
| Africa | 17 | 5 | 12 | 2,220 | 676 | 4.4 |
| Middle East | 7 | 2 | 5 | 299 | 181 | 1.4 |
| Asia and Pacific | 81 | 40 | 41 | 12,215 | 8,547 | 16.2 |
| International/1/ | 7 | 7 | 0 | 2,039 | 173 | 2.5 |
| Addenda:/2/ | ||||||
| High-wage
country sample |
236 | 126 | 110 | 50,625 | 28,084 | 116.6 |
| Low-wage
country sample |
100 | 30 | 70 | 8,610 | 7,927 | 17.6 |
| Non-sample
countries |
70 | 35 | 35 | 13,154 | 2,807 | 16.2 |
| By major industry | ||||||
| Petroleum | 48 | 27 | 21 | 11,444 | 13,799 | 8.2 |
| Manufacturing | 145 | 86 | 59 | 13,406 | 10,686 | 58.8 |
| Food and
kindred products |
8 | 1 | 7 | 741 | 668 | 4.0 |
| Chemicals
and allied products |
44 | 36 | 8 | 4,040 | 4,227 | 11.8 |
| Primary
and fabricated metals |
10 | 4 | 6 | 1,772 | 727 | 7.8 |
| Industrial
machinery and equipment |
23 | 17 | 6 | 1,847 | 1,144 | 7.4 |
| Electronic
and other electric equipment |
9 | 3 | 6 | 525 | 975 | 2.9 |
| Transportation
equipment |
11 | 5 | 6 | 1,410 | 364 | 7.0 |
| Other
manufacturing |
40 | 20 | 20 | 3,071 | 2,581 | 17.9 |
| Wholesale trade | 51 | 28 | 23 | 2,107 | 2,276 | 7.9 |
| Finance (except depository institutions), insurance, and real estate | 91 | 24 | 67 | 20,735 | 1,093 | 8.9 |
| Services | 38 | 12 | 26 | 2,889 | 2,073 | 18.3 |
| Other industries | 33 | 14 | 19 | 21,808 | 8,892 | 48.4 |
1. See footnote 1 to table 9.
2. The distinction between "high-wage" countries and "low-wage" countries is based on estimates of average hourly wages of production workers of majority-owned foreign affiliates (MOFA's) in manufacturing; the estimates were derived from data collected in the 1994 benchmark survey of U.S. direct investment abroad. To ensure the significance of the data underlying this distinction, the analysis is restricted to host countries in which employment by manufacturing MOFA's totalled at least 10,000 employees in 1994.
NOTE.—The data in this table cover only newly acquired or established foreign affiliates. They exclude data for consolidated units of existing foreign affiliates that were acquired or established during the year.
