Table 18.2.—Investment Outlays, Country of Ultimate Beneficial Owner by Industry of U.S. Business Enterprise, 1997

	All industries	Petroleum	Manufacturing						Wholesale trade	Retail trade	Depository institutions/1/	Finance, except depository institutions/1/	Insurance	Real estate	Services	Other industries
			Total	Food and kindred products	Chemicals and allied products	Primary and fabricated metals	Machinery	Other manufacturing
All countries	70,819	688	19,963	2,119	4,034	1,196	5,178	7,436	2,578	438	3,935	6,536	8,639	3,831	12,407	11,802
Canada	10,764	(/D/)	4,236	(/D/)	(/D/)	95	728	1,691	230	0	5	953	(/D/)	1,066	1,332	2,790
Europe	46,190	(/D/)	13,388	1,544	2,630	1,036	3,437	4,742	2,170	373	(/D/)	5,350	(/D/)	1,622	8,340	1,983
Austria	(/D/)	0	(/D/)	0	0	0	(/D/)	0	0	0	0	0	0	2	0	0
Belgium	171	0	(/D/)	0	0	0	(/D/)	(/D/)	0	0	0	0	0	0	(/D/)	0
Denmark	(/D/)	0	(/D/)	0	0	0	(/D/)	(/D/)	0	0	0	0	0	0	0	4
Finland	(/D/)	0	(/D/)	(/D/)	0	0	(/D/)	(/D/)	2	0	0	0	0	0	0	0
France	2,772	0	332	0	0	(/D/)	(/D/)	122	(/D/)	(/D/)	1	(/D/)	0	0	1,991	0
Germany	6,412	0	2,909	0	(/D/)	3	(/D/)	1,573	1,525	0	0	(/D/)	(/D/)	1,230	297	(/D/)
Ireland	(/D/)	0	28	0	0	0	0	28	0	0	(/D/)	0	(/D/)	0	0	0
Italy	(/D/)	0	(/D/)	(/D/)	0	(/D/)	0	0	0	0	0	(*)	0	(/D/)	0	0
Liechtenstein	5	0	0	0	0	0	0	0	0	0	0	0	0	5	0	0
Luxembourg	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	0	0
Netherlands	11,255	(/D/)	1,035	(/D/)	(/D/)	(/D/)	(/D/)	288	(/D/)	0	(/D/)	(/D/)	(/D/)	303	(/D/)	(/D/)
Norway	(/D/)	(/D/)	(/D/)	0	(/D/)	0	0	2	0	0	0	0	0	0	0	2
Spain	(/D/)	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	4	0	0
Sweden	2,601	0	(/D/)	0	(/D/)	(/D/)	605	(/D/)	1	0	0	0	0	0	(/D/)	2
Switzerland	6,351	0	1,747	(/D/)	(/D/)	(/D/)	4	58	(/D/)	0	0	(/D/)	(/D/)	(/D/)	(/D/)	0
United Kingdom	13,355	0	5,555	(/D/)	1,316	(/D/)	1,302	2,013	189	(/D/)	(/D/)	(/D/)	(/D/)	28	3,239	(/D/)
Other	(/D/)	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Latin America and Other Western Hemisphere	923	(/D/)	(/D/)	0	(/D/)	0	0	(/D/)	0	0	0	0	0	(/D/)	(/D/)	(/D/)
South and Central America	(/D/)	(/D/)	(/D/)	0	(/D/)	0	0	(/D/)	0	0	0	0	0	22	(/D/)	1
Brazil	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	(/D/)	0
Mexico	13	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	(/D/)	(*)	1
Panama	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Venezuela	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	(/D/)	(/D/)	(/D/)	0	(/D/)	0	0	0	0	0	0	0	0	(/D/)	0	0
Other Western Hemisphere	(/D/)	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	(/D/)	0	(/D/)
Bahamas	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)
Bermuda	(/D/)	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	(/D/)	0	0
Netherlands Antilles	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
U.K. Islands, Caribbean	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Africa	(/D/)	0	0	0	0	0	0	0	(/D/)	0	0	0	0	(/D/)	0	0
South Africa	(/D/)	0	0	0	0	0	0	0	(/D/)	0	0	0	0	(/D/)	0	0
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Middle East	918	0	(/D/)	0	0	0	(/D/)	(/D/)	0	0	0	(/D/)	0	(/D/)	0	(*)
Israel	125	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	(/D/)	0	0
Kuwait	(/D/)	0	0	0	0	0	0	0	0	0	0	(/D/)	0	0	0	(*)
Lebanon	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Saudi Arabia	34	0	0	0	0	0	0	0	0	0	0	0	0	34	0	0
United Arab Emirates	(/D/)	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	0	0
Other	(/D/)	0	(/D/)	0	0	0	(/D/)	0	0	0	0	0	0	0	0	0
Asia and Pacific	11,993	0	1,137	(/D/)	123	66	(/D/)	444	(/D/)	65	(/D/)	(/D/)	0	584	2,688	6,991
Australia	8,421	0	(/D/)	(/D/)	0	3	0	(/D/)	(/D/)	0	0	(/D/)	0	0	(/D/)	5,880
China	4	0	0	0	0	0	0	0	2	0	0	0	0	2	0	0
Hong Kong	62	0	0	0	0	0	0	0	0	0	0	0	0	(/D/)	(/D/)	(/D/)
Indonesia	(/D/)	0	(/D/)	0	0	0	0	(/D/)	0	0	0	0	0	0	0	0
Japan	1,845	0	804	(/D/)	123	(/D/)	319	306	46	64	0	131	0	(/D/)	387	(/D/)
Korea, Republic of	77	0	22	0	0	(/D/)	(/D/)	0	0	0	(/D/)	0	0	0	(/D/)	(/D/)
Malaysia	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
New Zealand	1	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0
Philippines	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Singapore	(/D/)	0	5	0	0	0	5	0	0	0	0	0	0	(/D/)	2	(/D/)
Taiwan	226	0	(/D/)	0	0	0	(/D/)	0	(/D/)	1	(/D/)	10	0	4	10	0
Other	70	0	70	(/D/)	0	(/D/)	(/D/)	0	0	0	0	0	0	0	0	0
United States/2/	(/D/)	0	2	0	0	0	2	0	0	0	0	0	0	0	(/D/)	(/D/)
Addenda:
European Union (15)/3/	39,259	(/D/)	11,612	398	2,094	1,006	3,433	4,682	1,896	373	(/D/)	3,297	(/D/)	1,587	7,829	1,981
OPEC/4/	193	0	(/D/)	0	0	0	0	(/D/)	0	0	0	(/D/)	0	167	0	(*)

/*/ Less than $500,000.

D Suppressed to avoid disclosure of data of individual companies.

1. See footnote 1, table 4.

2. See footnote 4 in text for explanation.

3. 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, Finland, and Sweden were not members of the European Union.

4. 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 1997 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.