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What Happened to Foreign Direct Investment in the United States? Accessible Data

Figure 1: Foreign Direct Investment in the United States (FDIUS). Directional Basis, Billions USD

A. FDIUS Total, Reported

Year FDIUS, Total Reported
2005 116.66
2006 247.33
2007 227.71
2008 318.45
2009 157.74
2010 210.54
2011 242.16
2012 211.47
2013 217.27
2014 211.99
2015 481.50
2016 486.02
2017 291.90
2018 268.44

B. FDIUS Components

Year Equity net of restructuring flows Restructuring flows Intercompany Debt
2005 116.48 0.00 0.18
2006 188.32 0.00 59.01
2007 196.82 0.15 30.75
2008 303.22 0.00 15.23
2009 135.56 20.20 1.98
2010 203.66 4.18 2.70
2011 189.96 1.18 51.02
2012 165.66 45.76 0.05
2013 173.66 38.11 5.50
2014 133.67 12.40 65.91
2015 334.10 89.87 57.53
2016 336.78 50.80 98.44
2017 308.23 0.00 -16.33
2018 452.85 -95.68 -88.72

Source: Author's calculations using data from Bureau of Economic Analysis; Bloomberg BNA; S&P Global, Compustat; Securities and Exchange Commission, 10-K filings.

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Figure 2: Adjusted Foreign Direct Investment in the United States (FDIUS). Directional Basis, Billions USD

A. Equity FDIUS, net of restructurings flows

Year Adjusted FDIUS, Equity M&A
2005 116.48 542.95
2006 188.32 564.18
2007 196.82 915.05
2008 303.22 645.16
2009 135.56 394.68
2010 203.66 313.45
2011 189.96 479.23
2012 165.66 283.17
2013 173.66 347.12
2014 133.67 263.82
2015 334.10 646.44
2016 336.78 551.77
2017 308.23 391.84
2018 452.85 445.54

B. Total FDIUS, net of restructurings flows

Year Adjusted FDIUS M&A
2005 116.66 542.95
2006 247.33 564.18
2007 227.57 915.05
2008 318.45 645.16
2009 137.54 394.68
2010 206.36 313.45
2011 240.97 479.23
2012 165.71 283.17
2013 179.16 347.12
2014 199.59 263.82
2015 391.63 646.44
2016 435.22 551.77
2017 291.90 391.84
2018 364.12 445.54

Source: Author's calculations using data from Bureau of Economic Analysis; Refinitiv, ThomsonOne; Bloomberg BNA; S&P Global, Compustat; Securities and Exchange Commission, 10-K filings.

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Figure 3: U.S. Direct Investment Abroad (USDIA). Directional Basis, Billions USD

A. USDIA Components

Year Reinvested earnings Equity, other Intercompany debt
2005 -19.65 61.94 -15.39
2006 205.08 48.97 -21.39
2007 221.48 200.85 -17.34
2008 224.95 127.04 -31.05
2009 226.29 34.64 48.32
2010 297.74 40.55 -41.96
2011 308.62 89.13 17.53
2012 283.99 37.24 17.14
2013 315.06 19.64 -12.77
2014 304.72 40.19 2.74
2015 289.81 7.63 -17.97
2016 298.25 43.75 -32.10
2017 327.98 29.88 -36.04
2018 -229.65 78.04 83.21

B. Repatriation of foreign earnings

Year Repatriation of foreign earnings
2005 298.71
2006 101.69
2007 132.83
2008 172.45
2009 128.56
2010 132.62
2011 151.12
2012 164.88
2013 144.08
2014 157.76
2015 149.08
2016 139.25
2017 155.08
2018 776.51

Source: Bureau of Economic Analysis.

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Last Update: February 13, 2020