SURVEY OF CURRENT BUSINESS

June 1 9 9 9 • 23
T a b l e 7 . 2 . — I n v e s t m e n t O u t l a y s , C o u n t r y of U ltim a te B e n e f i c i a l O w n e r by In d u s t r y o f U .S . B u s i n e s s E n t e r p r i s e , 1 9 9 8
[ M illio n s of d o lla rs ]
All indus-
tries
(D
Petro-
leum
(2)
Manufacturing
Total
(3)
Food
and
kindred
products
(4)
Chemi-
cals and
allied
products
(5)
Primary
and fab-
ricated
(6)
Machin-
ery
(7)
Other
manufac-
turing
(8)
Whole-
sale
trade
(9)
Retail
(10)
tory in-
stitutions
(11)
Finance,
except
depository
institu-
tions
(12)
Insur-
(13)
Real es-
(14)
S e r v ic e s
(15)
Other in-
dustries
(16)
Al l c o u n t r i e s .
C a n a d a
E u r o p e
Austria .
Belgium
Denmark
Finland .
France .
Germany
Ireland..
Italy
Liechtenstein
Luxembourg
Netherlands
N o r w a y
Spain ...
Sweden
Switzerland
United Kingdom
Other
La t i n Am e r i c a a n d O t he r We s t e r n He m is p he r e
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U. K. Islands, Caribbean
Other
Af r i c a
South Africa
Other
M i d d l e E a s t
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other '.
As ia a n d Pa c i f i c
Australia
China
Hong Kong
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
U n i t e d S t a t e s >
Ad d e n d a :
European Union (15)
2
OPEC
3
2 01 , 02 7
2 1 , 48 0
1 60,61 2
14,129
39,949
4,518
402
(
D
)
286
19,446
423
3,637
76,881
1 0,457
7 2 , 1 36
69 , 9 54
0
0
0
0
D
0
0
0
0
0
13,413
0
0
56,430
0
8,260
< 7
2,314
616
0
0
407
0
0
0
0
67,262
(
D
)
1,556
n
7 7 3
0
0
0
0
D
0
0
0
0
0
166
n
604
0
4, 1 68
3, 9 08
0
0
0
0
264
13
0
0
0
0
0
0
0
1,918
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2 31
0
0
0
0
231
0
0
0
0
0
0
0
3,908
D
)
1,877
47
1,788
0
0
0
0
D
1,673
0
1,788
2 1 , 9 51
9 ,9 40
9 , 32 7
0
p
l
0
6,372
2,179
0
0
0
0
2$
(
D
)
0
0
0
0
2 30
0
0
0
0
57
0
0
0
0
9,241 51,722
4
0
0
0
0
0
4
197
0
0
0
0
197
0
0
0
0
0
0
0
583
0
1,963
1,814
0
0
0
0
1,153
1,814
1,104
1,041
0
0
0
0
1,041
6,1 9 5
340
2 ,443
0
0
D
0
0
837
0
0
0
0
0
0
0
3,2 03
2,440
0
4, 32 5
3,026
0
0
0
0
(
D
0
0
0
2,036
(
D
)
0
(
D
)
6
0
0
0
6
0
(D
o
(
D
)
0
0
0
0
0
0
1
0
1
5,2 7 2
1,573
2,583
0
0
0
0
D
2,070
0
0
167
0
0
112
(
D
)
201
0
463
147
0
0
0
0
447
2 02
0
2,565
429
9 , 9 51
7 54
7 ,37 6
0
0
121
144
4,483
0
1,231
0
0
0
0
0
0
1,231
0
541
(
D
)
0
0
536
(
7
0
0
n
o
0
0
0
0
0
7,026
0
9,496
5,666
3,036
0
0
97
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31 4
(D
^
0
0
0
0
0
0
0
0
0
n
2,925
0
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 4 in text for explanation.
2. The European Union (15) comprises Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland,
Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Prior to 1995, Austria, Fin-
land, and Sweden were not members of the European Union.
3. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Indonesia, Iran, Iraq,
Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
NOTE.—Data for 1998 are preliminary. For investments in which more than one investor participated, each investor
and each investor's outlays are classified by the country of each individual ultimate beneficial owner.
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1999

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