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Foreign Direct Investment in the United States. Tazeem Pasha SelectUSA U.S. Department of Commerce Washington, DC. Swedish FDI into the United States. Swedish FDI. Source: UNCTAD. FDI and the U.S. Economy. Top 10 FDI Positions in the United States, 2009. 24% | $557.9b 11% | $259.6.1b
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Foreign Direct Investment in the United States Tazeem Pasha SelectUSA U.S. Department of Commerce Washington, DC SelectUSA.gov
Swedish FDI into the United States SelectUSA.gov
Swedish FDI SelectUSA.gov Source: UNCTAD
FDI and the U.S. Economy Top 10 FDI Positions in the United States, 2009 24% | $557.9b 11% | $259.6.1b 9% | $119b 11% | $251.2b 12% | $271.9b 5% | $119b 4% | $88.4b 2% | $47.5b 2% | $45.4b 2%|$48.4b SelectUSA.gov
FDI and the U.S. Economy Top 10 FDI Growth Countries in the United States, 2009 38% | $45.4b 28% | $3.8b 51% | $47.5b 34% | $2.3b 43% | $11.6b 31% | $2.4b 35% | $5.5b 45% | $34.2b 63% | $24b 41% | $2.6b Note: Numbers denote 5 year compound annual growth rate and total investment position in United States SelectUSA.gov
FDI and the U.S. Economy Industry breakdown of total U.S. FDI stock ($2.3 trillion) Source: Department of Commerce, Bureau of Economic Analysis SelectUSA.gov
U.S. FDI Trends European Direct Investment the United States Average Annual Growth Rate of FDI Positions by Stock FDI Positions by Stock Total: $1.4 Trillion Source: Department of Commerce, Bureau of Economic Analysis – FDI by Ultimate Beneficiary Owner SelectUSA.gov
FDI and the U.S. Economy Workers Employed by U.S. Affiliates of Foreign Firms in the U.S. in 2009 Amount U.S. Affiliates of Foreign Firms spent on R&D in the U.S. in 2009 Amount U.S. Affiliates of Foreign Firms Reinvested into the U.S. Economy in 2010 Size of FDI Flows into the U.S. in 2010 Amount of Wages Paid to Employees of U.S. Affiliates of Foreign Firms in 2009 U.S. Affiliates of Foreign Firms Pay on Average 25 percent Higher Wages and Salaries than U.S. Establishments U.S. Affiliates of Foreign Firms Generate 18 percent of all U.S. Exports as of 2008 5.3 million $49 billion $85 billion $228 billion $449 billion 25 percent 18 percent Source: Bureau of Economic Analysis, 2009 SelectUSA.gov
FDI – Sweden to U.S. Source: U.S. Bureau of Economic Analysis , 2009 SelectUSA.gov
Swedish FDI into the U.S. Recent Announcements: September 2011 - Atlas Copco opened its 13th US store in Pompano Beach, Florida. It will support the large customer base already in southern Florida and will respond to the many aftermarket requests for Atlas Copco parts and services from the Miami area. The location will take advantage of the strong road construction market in the area. July 2011 – Home appliances manufacturer Electrolux is set to expand its plant in Anderson County, South Carolina, creating 12 to 14 engineering jobs by 2016. The company plans to invest $48m in its facility, which will enable it to enhance its products and manufacturing operations in the refrigeration sector. June 2011 – Single use surgical products supplier Molnlycke has broken ground on a 7340 sq m research and production plant in Brunswick, Maine. The new facility is expected to create more than 100 jobs and will be complete in June 2012. The Midcoast Regional Development Authority is borrowing $13m to help build the plant, whilst Molnlycke will invest $12m in equipment to stock the laboratories and manufacturing lines. SelectUSA.gov Source: fDi Markets
The U.S. Business Climate World Economic Forum’s 2010-2011 Global Competitiveness rankings on Innovation France: #19 Germany: #8 UK: #14 #1 #1 IESE Business School’s 2009-2010 Venture Capital and Private Equity Index France: #14 Germany: #10 UK: #2 #2 AT Kearney’s 2010 FDI Confidence Index France: # 13 Germany: #5 UK: #10 #4 World Economic Forum’s 2010-2011 Global Competitiveness rankings France: #15 Germany: #5 UK: #12 SelectUSA.gov
The United States: A Great Return on Investment • Strategic Market & FTAs • Population of U.S. and FTAs is 610 million; U.S. 42% of Global Consumer Goods Market 1 • Center for Global Innovation and Entrepreneurship • U.S. Responsible for 36% of Total World R&D Expenditures (EU-27 accounted for 24%); • Average 558,000 new businesses created per month in 20092 • Strong Intellectual Property Right Protections • 50.1%of the Patents Granted in 2009 by the U.S. Patent Office Originated from a Foreign Country 3 • A Leader in Higher Education • 15 of the top 20 universities in the World (Europe has 4 of the top 20)4 • Productive Workforce • U.S. labor productivity grew 2.3% in 2009 (France: -1%, Germany: -2.3%, UK: -2.5%) 5 • Open to People, Cultures, and Ideas 1. Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2 National Science Foundation Science and Engineering Indicators 2010; Kauffman Index of Entrepreneurial Activity 1996-2009; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Report 2010-2011 (U.K.); 5. OECD Labor Productivity Statistics SelectUSA.gov
Strategic Market & FTAs SelectUSA.gov
About SelectUSA SelectUSA was created by the Executive Order of the President of the United States in June 2011. The Executive Order outlines: • The Administration’s policy on business investment • The establishment and functions of the SelectUSA initiative SelectUSA.gov
My Administration is committed to ensuring that the United States continues to be the most attractive place for businesses to locate, invest, grow, and create jobs. We encourage and support business investment from sources both at home and abroad. - President Barack Obama, June 20, 2011 Source: The White House Press Office, “Statement by the President on United States Commitment to Open Investment Policy” www.WhiteHouse.gov SelectUSA.gov
Thank you Tazeem Pasha SelectUSA U.S. Department of Commerce Washington, DC Tel: 202-482-0648Email: tpasha@doc.gov SelectUSA.gov SelectUSA.gov