A Majority of US Foreign Direct Investment Stock is in the Services Sector According to US International Trade Commission. By Jaime Niño
Feb 10, 2001
Close to 59 % of outbound U.S. investment stock is in services industries according to a report released by the US International Trade Commission (USITC) in January, 2001. The majority of inbound U.S. investment stock is also directed to the service sector. While financial services account for the largest share of services outbound investment, insurance and wholesale trade cover most of the country’s services FDI receipts.
The United Kingdom is the largest destination for U.S. direct investment abroad, followed by Canada and the Netherlands. Brazil is the largest developing country recipient of U.S. direct investment. The United Kingdom is the largest foreign investor in the United States, followed by Japan. The share of investment in services is all the greater in the UK, while services constitutes a minority of investment flows between Japan and the US.
Foreign affiliates of U.S. multinational corporations employed 8 million workers around the world in 1997, 57 percent of them in manufacturing industries. U.S. affiliates of foreign multinational corporations employed 5.2 million U.S. workers in 1997, accounting for 4.8 percent of total U.S. private sector employment.
The states of California, Texas, and New York have attracted the greatest amount of foreign direct investment in the United States, together accounting for approximately 25 percent of total employment and physical assets. Hawaii, South Carolina, and North Carolina are the states with the largest percentage of workers employed by foreign-owned U.S. affiliates.
The full report is available in the Library-articles section of SItrends.org or at
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