Direct Investment Positions for 2011 Country and Industry Detail

摘要

IN 2011, the U.S. direct investment abroad historical-cost position grew $364.6 billion, to $4,155.6 billion, and the foreign direct investment in the United States historical-cost position grew $283.4 billion, to $2,547.8 billion (table A and chart 1). The growth in the outward direct investment position reflected reinvested earnings, which were at the highest level on record, higher net equity investments, and an increase in foreign affiliates' indebtedness to their U.S. parents. The growth in the inward direct investment position reflected reinvested earnings, which were at the highest level on record, and increases in net intercompany debt; while net equity investment contributed the most to the increase in the inward position, it was lower than in 2010. In 2011, while reinvested earnings for both outward and inward direct investment surpassed the levels before the 2008 recession, net equity investments remained below prerecession levels. The increases in reinvested earnings for both positions reflected increases in earnings that exceeded increases in distributed earnings.