Worldwide employment by U.S. multinational enterprises increased 0.4%, 2017

Date: August 23, 2019

According to the latest report published by Bureau of Economic Analysis, based on the operations and finances of U.S. parent companies and their foreign affiliates, worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4% to 42.5 million workers in 2017 from 42.3 million in 2016.

In 2017, employment in the United States by U.S. parents rose 0.2% to 28.1 million workers. Whereas, U.S. parents accounted for 66.1 % of worldwide employment by U.S. MNEs, decreasing 0.2 percentage points in 2016. Employment abroad by majority-owned foreign affiliates (MOFAs) of U.S. MNEs climbed 0.9% to 14.4 million workers and accounted for 33.9% of employment by U.S. MNEs worldwide.

Total private industry employment in the United States, was accounted for by 22.0 % of U.S. parents.  Manufacturing and retail trade had the largest employment by U.S. parents. While, employment abroad by MOFAs was largest in China, United Kingdom, Mexico, India, and Canada.

With respect to the activities of U.S. MNEs, worldwide current-dollar value added increased 2.0% to $5.3 trillion. Value added by U.S. parents, a measure of their direct contribution to U.S. gross domestic product, was almost unchanged at $3.9 trillion, representing 22.9 % of total U.S. private-industry value added. MOFA value added rose to $1.4 trillion. Moreover, the largest value added by MOFAs was in the United Kingdom, Canada, and Ireland.

Worldwide expenditures for property, plant, and equipment of U.S. MNEs grew 2.0 % to $853.2 billion. Expenditures by U.S. parents accounted for $653.6 billion and MOFA expenditures for $199.6 billion.

Worldwide research and development expenditures of U.S. MNEs climbed 3.3 % to $354.9 billion. U.S. parents accounted for expenditures of $298.3 billion and MOFAs for $56.6 billion.

 

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2019-08-23T20:08:59+00:00