Table 4.—Investment Outlays by Industry of U.S. Business Enterprise and by Country of Ultimate Beneficial Owner, 1991-97

	1991	1992	1993	1994	1995	1996/r/	1997/p/
Total	25,538	15,333	26,229	45,626	57,195	79,929	70,819
By industry:
Petroleum	702	463	882	469	1,520	1,059	688
Manufacturing	11,461	6,014	11,090	21,218	26,643	27,835	19,963
Food and kindred products	1,247	404	1,294	4,567	3,802	1,145	2,119
Chemicals and allied products	2,897	1,644	5,035	6,905	12,511	3,961	4,034
Primary and fabricated metals	797	1,187	1,297	1,485	547	3,222	1,196
Machinery	4,929	1,002	1,778	1,867	4,489	4,355	5,178
Other manufacturing	1,591	1,778	1,686	6,393	5,293	15,151	7,436
Wholesale trade	623	698	837	2,156	1,168	4,746	2,578
Retail trade	1,605	256	1,495	1,542	2,838	2,988	438
Depository institutions/1/	482	529	958	2,026	2,301	1,944	3,935
Finance, except depository institutions/1/	2,199	797	1,599	2,195	7,837	8,676	6,536
Insurance	2,102	291	1,105	450	654	4,688	8,639
Real estate	3,823	2,161	1,883	2,647	2,996	4,175	3,831
Services	2,256	2,023	4,162	7,163	5,881	15,292	12,407
Other industries	284	2,101	2,218	5,760	5,359	8,528	11,802
By country/2/:
Canada	3,454	1,351	3,797	4,128	8,029	9,700	10,764
Europe	13,994	8,344	16,845	31,920	38,195	49,427	46,190
France	4,976	406	1,249	1,404	1,129	6,021	2,772
Germany	1,922	1,964	2,841	3,328	13,117	12,858	6,412
Netherlands	1,661	1,331	2,074	1,537	1,061	6,476	11,255
Switzerland	1,327	1,259	804	5,044	7,533	4,910	6,351
United Kingdom	2,169	2,255	8,238	17,261	9,094	14,757	13,355
Other Europe	1,939	1,129	1,639	3,346	6,261	4,405	6,045
Latin America and Other Western Hemisphere	375	1,438	874	1,352	1,550	1,790	923
South and Central America	108	1,152	527	(/D/)	1,283	(/D/)	(/D/)
Other Western Hemisphere	267	286	347	(/D/)	267	(/D/)	(/D/)
Africa	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)	(/D/)
Middle East	1,006	238	1,308	(/D/)	447	(/D/)	918
Asia and Pacific	6,560	3,716	3,004	5,263	8,688	12,751	11,993
Australia	251	164	129	1,522	2,270	2,222	8,421
Japan	5,357	2,921	2,065	2,715	3,602	8,813	1,845
Other Asia and Pacific	952	631	810	1,026	2,816	1,716	1,727
United States/3/	(/D/)	(/D/)	(/D/)	201	(/D/)	(/D/)	(/D/)

D Suppressed to avoid disclosure of data of individual companies.

p Preliminary.

r Revised.

1. Prior to 1992, "depository institutions" exclude, and "finance, except depository institutions" include, savings institutions and credit unions. Beginning with 1992, savings institutions and credit unions have been reclassified from "finance, except depository institutions" to "depository institutions."

2. For investments in which more than one investor participated, each investor and each investor's outlays are classified by country of each ultimate beneficial owner.

3. See footnote 4 in text for explanation.