Table 16.—Current-Dollar and Real Gross Product of Majority-Owned Foreign Affiliates in Manufacturing, by Country, 1989 and 1994-96

Billions of current dollars Percent change at annual rates
1989 1994 1995 1996 Change, 1995-96 1989-95 1995-96
All countries 172.0 205.2 238.9 248.6 9.7 5.6 4.1
19 OECD countries 141.4 159.3 185.0 190.3 5.3 4.6 2.9
Australia 6.9 5.8 5.9 6.8 .9 -2.5 15.6
Austria .7 1.3 1.2 1.5 .3 10.0 25.5
Belgium 5.0 6.8 8.3 8.4 .2 8.9 2.0
Canada 28.9 25.3 26.9 25.8 -1.0 -1.2 -3.8
Denmark .4 .6 .7 .7 (*) 12.6 -5.6
Finland .1 .3 .4 .7 .3 35.1 78.9
France 11.8 16.5 18.9 20.6 1.7 8.2 9.0
Germany/1/ 25.8 36.7 41.0 40.4 -.6 8.0 -1.4
Greece .2 .3 .4 .4 (*) 10.7 10.3
Ireland 3.5 4.8 6.9 7.1 .2 12.0 2.4
Italy 7.8 8.3 8.6 9.1 .5 1.8 5.9
Japan 7.7 10.9 12.6 12.4 -.1 8.6 -1.1
Luxembourg .5 .7 .8 .7 -.1 6.7 -14.3
Netherlands 7.8 7.2 9.0 8.9 -.1 2.5 -1.6
New Zealand .3 .4 .4 1.5 1.0 6.7 232.0
Norway .1 .4 .3 .5 .1 18.8 39.3
Spain 5.7 5.5 6.4 6.2 -.2 1.8 -2.9
Sweden 1.0 .8 2.7 2.4 -.3 17.9 -12.3
United Kingdom 27.4 26.7 33.6 36.2 2.6 3.4 7.7
All other countries 30.6 45.9 53.9 58.4 4.4 9.9 8.2
Billions of chained (1993) dollars Percent change at annual rates
1989 1994 1995 1996 Change, 1995-96 1989-95 1995-96
All countries 160.1 171.4 185.7 195.4 9.8 2.5 5.3
19 OECD countries 126.1 125.8 132.0 137.3 5.3 .8 4.0
Australia 6.5 5.2 5.1 5.5 .4 -4.0 7.0
Austria .6 .9 .7 1.0 .2 4.6 30.5
Belgium 4.7 5.3 5.4 5.8 .4 2.4 7.3
Canada 27.4 25.0 25.3 23.8 -1.4 -1.4 -5.7
Denmark .3 .3 .4 .4 (*) 6.2 -3.9
Finland (*) .2 .3 .5 .2 33.0 87.2
France 9.5 11.6 11.6 13.3 1.7 3.4 14.5
Germany/1/ 23.3 26.2 25.3 26.1 .7 1.4 3.0
Greece .3 .3 .3 .4 (*) 3.8 5.3
Ireland 3.4 4.2 5.6 5.7 .1 8.5 2.0
Italy 6.7 7.2 7.0 6.9 -.1 .8 -1.8
Japan 5.0 5.4 5.7 6.6 .9 2.3 16.3
Luxembourg .4 .5 .5 .5 (*) 2.1 -7.4
Netherlands 6.5 5.5 5.9 6.0 .1 -1.7 2.0
New Zealand .3 .4 .4 1.3 .9 4.1 216.6
Norway .1 .2 .2 .3 .1 15.1 38.9
Spain 5.0 4.7 4.8 4.7 -.2 -.4 -3.8
Sweden .7 .6 1.7 1.4 -.3 15.4 -18.5
United Kingdom 25.8 22.4 25.9 27.7 1.8 (*) 7.1
All other countries 33.9 45.6 53.9 58.5 4.6 8.0 8.6
Residual -.3 (*) -.3 -.7

* Less than $50 million or 0.5 percent.

1. See footnote 2 to table 13.

NOTE.—Chained (1993) dollar series were derived by extrapolating the base-year (1993) PPP-exchange-rate-based current-dollar value of the corresponding series by a Fisher quantity index. Because the formula for the Fisher quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the total line and the sum of the most detailed lines.

For a summary of the methodology used to derive the chained-dollar estimates, and for the 1982-88 and 1990-93 estimates, see "Real Gross Product of U.S. Companies' Majority-Owned Foreign Affiliates in Manufacturing," SURVEY OF CURRENT BUSINESS 77 (April 1997): 8-17.

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