§ Mr. MorganTo ask the President of the Board of Trade what is the British share of(a) American investment in Europe in each year since 1964 and (b) all non-European investment in Europe over the same time period.
§ Mr. Charles WardleTable 1 sets out the United Kingdom's share of American investment in Europe since 1964. The remaining information requested could be provided only at disproportionate cost. This is because data are not available on a consistent basis for the entire period requested.
From sources readily available within the Department it would require converting data from national currencies to a common currency for each year and obtaining data from "National Statistical Sources".
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Table 1. Annual capital flows for US direct investment abroad United Kingdom share per cent. United Kingdom Europe $ millions 1964 381 1,796 21.2 1965 559 1,867 29.9 1966 477 2,249 21.2 1967 519 1,858 27.9 1968 686 1,601 42.8 1969 535 2,251 23.8
Table 1. Annual capital flows for US direct investment abroad United Kingdom share per cent. United Kingdom Europe $ millions 1970 893 3,030 29.5 1971 1,113 3,424 32.5 1972 492 3,030 16.2 1973 1,409 6,577 21.4 1974 1,469 6,432 22.8 1975 1,420 4,584 31.0 1976 1,157 5,492 21.1 1977 1,831 5,289 34.6 1978 2,596 7,820 33.2 1979 4,073 12,259 33.2 1980 4,797 13,011 36.9 1981 1,989 5,278 37.7 1982 754 3,470 21.7 1983 1,385 5,122 27.0 1984 3,052 5,578 54.7 1985 3,147 7,573 41.6 1986 2,259 7,292 31.0 1987 2,559 11,397 22.5 1988 4,170 7,854 53.1 1989 11,825 23,679 49.9 1990 -202 10,194 * 1991 4,665 19,583 23.8 1992 6,068 17,882 33.9 1993 13,886 30,023 46.3 Source:
US Department of Commerce.
Bureau of Economic Analysis.
*Note:
Direct investment capital flows measure the net funds flowing between US parent companies and their foreign affiliates in a given period; therefore they are negative when funds are flowing back to the United States, on net.