Foreign direct investment in the United States: detail for historical-cost position and related capital and income flows, 2001
The following tables present detailed estimates of the foreign direct investment position in the United States on a historical-cost, or book-value, basis and estimates of the related capital and income flows; summary estimates of services transactions are also presented. These estimates can be used, for example, to see how the geographic and the industrial composition of foreign companies’ investment in the United States has changed over time. These estimates supplement the estimates presented in articles in the July 2002 SURVEY OF CURRENT BUSINESS that summarized developments in the direct investment position at historical cost in 2001 and the revisions to the international transactions accounts.
(1)The estimates in tables 3-18 differ in two respects from those of comparable items in the international investment position of the United States and in the U.S. international transactions accounts.
(2) First, these estimates are on a historical-cost basis, the only basis on which detailed estimates by country and by industry are available; in contrast, the aggregate estimates of the direct investment position that are included in the international investment position are presented on both a current-cost and a market-value basis, and the aggregate estimates of direct investment income and capital flows in the U.S. international transactions accounts are presented on a current-cost basis. Second, the estimates of direct investment income and services in these tables, unlike those in the U.S. international transactions accounts, are net of U.S. and foreign withholding taxes; estimates that are gross of withholding taxes are not available by country or by industry.