Operations of U.S. Affiliates of Foreign Companies: Preliminary Results From the 2007 Benchmark Survey

摘要

MAJORITY-owned U.S. affiliates of foreign companies accounted for 6 percent of U.S. private industry value added in 2007, according to preliminary statistics derived from the Bureau of Economic Analysis (BEA) 2007 Benchmark Survey of Foreign Direct Investment in the United States. Unlike previous statistics in this series, this figure includes value added by bank affiliates as well as nonbank affiliates; coverage of previous statistics on value added by affiliates was limited to nonbanks. The measures of value added by banks are based on new data collected on the benchmark survey and represent a major improvement to the statistics by closing a significant gap in the industry coverage of majority-owned U.S. affiliates ("U.S. affiliates"). The new data will also be collected on the follow-on annual surveys, beginning with the 2008 survey. In 2007, the current-dollar value added of U.S. affiliates totaled $657.6 billion, with $29.6 billion attributable to bank affiliates and $628.0 billion attributable to nonbank affiliates.