Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 cardinal workers successful 2020 (preliminary) from 43.2 cardinal workers successful 2019 (revised), according to statistic released coming by nan U.S. Bureau of Economic Analysis (BEA) connected nan operations and finances of U.S. genitor companies and their overseas affiliates.
Employment successful nan United States by U.S. parents decreased 2.2 percent to 28.4 cardinal workers successful 2020. U.S. parents accounted for 67.0 percent of worldwide employment by U.S. MNEs, down from 67.3 percent successful 2019. Employment overseas by majority-owned overseas affiliates (MOFAs) of U.S. MNEs decreased 1.0 percent to 14.0 cardinal workers and accounted for 33.0 percent of employment by U.S. MNEs worldwide.
U.S. parents accounted for 23.1 percent of full backstage manufacture employment successful nan United States successful 2020, up from 22.1 percent successful 2019 arsenic full backstage manufacture employment fell much than U.S. genitor employment. Employment by U.S. parents was largest successful manufacturing and unit trade. Employment overseas by MOFAs was largest successful nan United Kingdom, India, Mexico, China, and Canada.
Worldwide current-dollar worth added of U.S. MNEs decreased 9.0 percent to $5.1 trillion. Value added by U.S. parents, a measurement of their nonstop publication to U.S. gross home product, decreased 9.9 percent to $3.8 trillion. U.S parents accounted for 20.8 percent of full U.S. private-industry worth added, down from 22.6 percent successful 2019. MOFA worth added decreased 6.4 percent to $1.3 trillion. Value added by MOFAs was largest successful nan United Kingdom, Canada, and Ireland.
Worldwide expenditures for property, plant, and instrumentality of U.S. MNEs decreased 9.7 percent to $833.1 billion. Expenditures by U.S. parents accounted for $651.9 billion, and MOFA expenditures accounted for $181.2 billion.
Worldwide investigation and improvement expenditures of U.S. MNEs accrued 3.2 percent to $420.2 billion. U.S. parents accounted for expenditures of $361.2 billion, and MOFAs accounted for $59.1 billion.
Additional statistic connected nan activities of U.S. genitor companies and their overseas affiliates including sales, equilibrium expanse and income connection items, compensation of employees, waste and acquisition successful goods, and much are disposable connected BEA’s website. More manufacture item for U.S. parents and much manufacture and state item for overseas affiliates are besides disposable connected nan website.
Coronavirus (COVID–19) Impact connected nan 2020 Activities of U.S. Multinational Enterprises
Most of nan cardinal indicators included successful nan U.S MNE statistic decreased successful 2020 resulting successful portion from nan effect of COVID–19. The afloat economical effects of nan COVID–19 pandemic cannot beryllium quantified successful nan statistic because nan impacts are mostly embedded successful root information (BEA nonstop finance surveys) and cannot beryllium separately identified. The consequence rates for nan surveys were accordant pinch those successful periods earlier nan pandemic. No typical adjustments to BEA’s imputation and estimation procedures were necessary.
Updates to nan statistics
Statistics for 2019 were revised to incorporated recently disposable and revised root data. Preliminary statistic for 2019 were released successful November 2021 and highlighted successful “Activities of U.S. Multinational Enterprises successful 2019” successful nan December 2021 Survey.
Next release: November 17, 2023
Activities of U.S. Multinational Enterprises, 2021