Table 2.—Current-Dollar and Real Gross Product of Majority-Owned Foreign Affiliates in Manufacturing, by Country, 1982-94
| Billions of current dollars | Average annual rate of growth | ||||||||||||||||
| 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1982-89 | 1989-92 | 1992-94 | 1982-94 | |
| All countries | 99.8 | 94.9 | 97.5 | 99.0 | 115.6 | 137.4 | 159.7 | 172.0 | 187.6 | 182.1 | 181.9 | 177.7 | 197.5 | 8.1 | 1.9 | 4.2 | 5.9 |
 19 OECD countries |
76.9 | 75.5 | 78.3 | 79.9 | 95.7 | 115.0 | 133.2 | 141.4 | 155.0 | 149.4 | 143.9 | 135.7 | 152.7 | 9.1 | .6 | 3.0 | 5.9 |
| Australia |
4.3 | 3.8 | 4.0 | 3.4 | 3.1 | 3.7 | 5.0 | 6.9 | 6.3 | 5.3 | 5.1 | 5.0 | 5.7 | 6.9 | -9.2 | 5.8 | 2.4 |
| Austria |
.2 | .4 | .4 | .4 | .5 | .4 | .5 | .7 | .7 | .8 | .9 | .9 | 1.3 | 16.0 | 9.3 | 18.8 | 14.7 |
| Belgium |
2.4 | 2.7 | 2.8 | 2.9 | 3.8 | 4.2 | 4.8 | 5.0 | 5.5 | 5.4 | 5.9 | 5.6 | 6.8 | 11.0 | 5.9 | 7.4 | 9.1 |
| Canada |
16.4 | 18.0 | 20.2 | 20.1 | 20.7 | 21.9 | 25.8 | 28.9 | 27.4 | 23.8 | 21.6 | 22.0 | 25.0 | 8.4 | -9.1 | 7.6 | 3.6 |
| Denmark |
.2 | .2 | .2 | .2 | .3 | .4 | .4 | .4 | .4 | .5 | .5 | .5 | .6 | 6.7 | 7.9 | 12.7 | 8.0 |
| Finland |
(*) | (*) | (*) | (*) | (*) | (*) | (*) | .1 | .1 | .1 | .1 | .1 | .3 | 18.3 | 24.2 | 39.2 | 23.1 |
| France |
7.4 | 6.5 | 6.5 | 6.6 | 8.1 | 10.5 | 11.0 | 11.8 | 14.0 | 13.8 | 14.2 | 14.1 | 16.3 | 6.8 | 6.3 | 7.0 | 6.7 |
| Germany |
15.3 | 15.3 | 14.0 | 14.8 | 19.5 | 23.5 | 25.0 | 25.8 | 33.6 | 34.5 | 35.6 | 32.8 | 32.0 | 7.8 | 11.2 | -5.1 | 6.4 |
| Greece |
.1 | .1 | .1 | .1 | .1 | .1 | .2 | .2 | .2 | .2 | .3 | .3 | .3 | 5.3 | 10.5 | 9.1 | 7.2 |
| Ireland |
1.3 | 1.5 | 1.8 | 1.8 | 1.7 | 3.0 | 3.5 | 3.5 | 4.3 | 4.2 | 4.6 | 3.9 | 4.6 | 14.8 | 9.1 | .3 | 10.8 |
| Italy |
3.9 | 3.8 | 4.2 | 4.3 | 5.7 | 7.0 | 7.5 | 7.8 | 9.2 | 9.3 | 8.9 | 7.1 | 8.2 | 10.2 | 4.6 | -4.0 | 6.3 |
| Japan |
2.2 | 2.5 | 3.0 | 3.2 | 4.5 | 5.9 | 7.4 | 7.7 | 7.3 | 8.0 | 7.9 | 8.5 | 10.8 | 19.7 | .9 | 17.1 | 14.3 |
| Luxembourg |
.2 | .2 | .2 | .2 | .4 | .5 | .5 | .5 | .6 | .6 | .7 | .6 | .7 | 14.8 | 8.3 | 3.7 | 11.3 |
| Netherlands |
2.6 | 2.7 | 2.8 | 2.8 | 3.9 | 5.2 | 5.9 | 7.8 | 6.9 | 6.7 | 7.0 | 6.4 | 7.5 | 17.2 | -3.4 | 3.7 | 9.4 |
| New Zealand |
.3 | .2 | .3 | .2 | .3 | .4 | .3 | .3 | .2 | .2 | .2 | .2 | .4 | 1.0 | -13.7 | 37.1 | 2.2 |
| Norway |
.3 | .2 | .2 | .2 | .1 | .1 | .1 | .1 | .2 | .1 | .1 | .2 | .3 | -10.3 | .3 | 68.6 | 2.5 |
| Spain |
1.9 | 1.8 | 2.0 | 2.3 | 3.3 | 4.3 | 5.3 | 5.7 | 6.4 | 6.4 | 5.8 | 4.8 | 5.4 | 17.5 | .3 | -3.4 | 9.3 |
| Sweden |
.6 | .6 | .6 | .7 | .8 | .8 | .9 | 1.0 | 1.0 | 1.1 | .9 | .8 | .8 | 7.0 | -4.2 | -5.0 | 2.1 |
| United Kingdom |
17.3 | 14.9 | 15.1 | 15.8 | 19.1 | 23.0 | 29.0 | 27.4 | 30.5 | 28.4 | 23.7 | 21.8 | 25.7 | 6.8 | -4.7 | 4.3 | 3.4 |
| All other countries |
22.8 | 19.5 | 19.2 | 19.0 | 19.9 | 22.4 | 26.5 | 30.6 | 32.6 | 32.7 | 38.1 | 42.0 | 44.8 | 4.3 | 7.5 | 8.5 | 5.8 |
| Billions of chained (1993) dollars | |||||||||||||||||
| All countries | 123.6 | 120.9 | 127.6 | 130.7 | 131.3 | 138.2 | 148.8 | 160.1 | 158.5 | 151.5 | 148.0 | 153.2 | 166.1 | 3.8 | -2.6 | 5.9 | 2.5 |
| 19 OECD countries |
94.0 | 96.1 | 103.8 | 107.0 | 107.6 | 111.5 | 117.8 | 126.1 | 123.2 | 117.4 | 109.3 | 111.2 | 121.6 | 4.3 | -4.6 | 5.5 | 2.2 |
| Australia |
5.3 | 4.8 | 4.9 | 4.9 | 4.4 | 4.6 | 5.1 | 6.5 | 5.8 | 4.7 | 4.7 | 4.9 | 5.2 | 2.9 | -10.0 | 4.2 | -.3 |
| Austria |
.3 | .4 | .4 | .5 | .4 | .3 | .4 | .6 | .5 | .5 | .6 | .6 | .9 | 11.5 | 1.4 | 21.6 | 10.5 |
| Belgium |
3.2 | 3.9 | 4.2 | 4.3 | 4.4 | 4.1 | 4.5 | 4.7 | 4.4 | 4.4 | 4.5 | 4.6 | 5.3 | 5.6 | -1.6 | 8.6 | 4.3 |
| Canada |
20.2 | 21.3 | 24.0 | 24.3 | 24.8 | 24.6 | 25.8 | 27.4 | 25.7 | 21.8 | 20.6 | 21.7 | 24.8 | 4.5 | -9.0 | 9.6 | 1.7 |
| Denmark |
.2 | .2 | .2 | .2 | .3 | .3 | .3 | .3 | .3 | .3 | .3 | .3 | .3 | 1.7 | (*) | 15.2 | 3.4 |
| Finland |
(*) | (*) | (*) | (*) | (*) | (*) | (*) | (*) | .1 | .1 | .1 | .1 | .2 | 12.4 | 23.2 | 47.4 | 20.3 |
| France |
8.4 | 7.8 | 8.3 | 8.2 | 7.8 | 8.7 | 8.6 | 9.5 | 9.6 | 9.9 | 9.7 | 10.5 | 11.7 | 1.7 | .7 | 10.1 | 2.8 |
| Germany |
20.1 | 20.8 | 20.6 | 22.0 | 21.4 | 21.1 | 21.7 | 23.3 | 25.5 | 26.3 | 24.9 | 24.1 | 23.0 | 2.1 | 2.3 | -3.9 | 1.1 |
| Greece |
.2 | .2 | .2 | .2 | .2 | .2 | .2 | .3 | .2 | .3 | .3 | .3 | .3 | 2.3 | .9 | 9.5 | 3.1 |
| Ireland |
1.6 | 2.0 | 2.4 | 2.5 | 1.9 | 3.0 | 3.4 | 3.4 | 3.7 | 3.7 | 3.8 | 3.6 | 4.1 | 11.4 | 2.9 | 3.9 | 8.0 |
| Italy |
5.2 | 5.1 | 5.9 | 6.2 | 6.2 | 6.3 | 6.5 | 6.7 | 6.7 | 6.8 | 6.4 | 6.3 | 7.0 | 3.6 | -1.5 | 4.7 | 2.5 |
| Japan |
2.4 | 2.6 | 3.2 | 3.4 | 3.5 | 4.1 | 4.6 | 5.0 | 4.9 | 4.9 | 4.6 | 4.4 | 5.2 | 10.9 | -2.3 | 6.2 | 6.7 |
| Luxembourg |
.2 | .3 | .3 | .3 | .4 | .4 | .4 | .4 | .5 | .5 | .5 | .5 | .5 | 9.8 | 3.2 | 6.1 | 7.5 |
| Netherlands |
2.9 | 3.1 | 3.6 | 3.6 | 3.9 | 4.5 | 4.8 | 6.5 | 5.1 | 5.1 | 5.1 | 5.0 | 5.7 | 12.6 | -8.1 | 5.9 | 5.9 |
| New Zealand |
.4 | .3 | .4 | .4 | .4 | .4 | .3 | .3 | .2 | .2 | .2 | .3 | .4 | -1.9 | -12.6 | 31.1 | (*) |
| Norway |
.2 | .2 | .2 | .2 | .1 | .1 | .1 | .1 | .1 | .1 | .1 | .1 | .2 | -12.8 | -5.1 | 77.8 | .3 |
| Spain |
2.3 | 2.6 | 2.9 | 3.3 | 3.7 | 4.2 | 4.7 | 5.0 | 4.6 | 4.6 | 4.0 | 4.1 | 4.7 | 11.5 | -6.5 | 7.3 | 6.0 |
| Sweden |
.7 | .7 | .7 | .8 | .7 | .6 | .7 | .7 | .7 | .7 | .5 | .6 | .6 | 1.2 | -9.5 | 4.2 | -1.2 |
| United Kingdom |
21.6 | 20.5 | 22.3 | 22.6 | 23.4 | 24.1 | 26.4 | 25.7 | 24.9 | 22.4 | 18.3 | 19.2 | 21.6 | 2.5 | -10.6 | 8.5 | (*) |
| All other countries |
29.2 | 24.6 | 23.6 | 23.4 | 23.5 | 26.5 | 30.8 | 33.9 | 35.3 | 34.0 | 38.7 | 42.0 | 44.5 | 2.2 | 5.5 | 7.2 | 3.6 |
| Residual |
-1.1 | -.5 | -.9 | -.7 | (*) | -.1 | -.6 | -.2 | -.2 | .3 | .1 | 0 | (*) | ||||
* Less than $50 million or less than 0.05 percent.
NOTE.—Chained (1993) dollar series were derived by extrapolating the base-year (1993) PPP-exchange-rate-based current-dollar value of the corresponding series by a Fisher quantity index (see the text for details). Because the formula for the Fisher quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the total line and the sum of the most detailed lines.
Although the real estimates are denominated in dollars of 1993, the estimate for 1993 does not equal the current-dollar estimate for that year, because the two estimates are based on different exchange rates. As explained in the text, the current-dollar estimates are based on market exchange rates and the real estimates are based on purchasing-power-parity exchange rates.
OECD Organisation for Economic Co-Operation and Development
