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New Foreign Direct Investments in the US in 2021


Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $333.6 billion (preliminary) in 2021. Expenditures increased by $192.2 billion from $141.4 billion (revised) in 2020 and were above the annual average of $289.7 billion for 2014–2020. As in previous years, acquisitions of existing businesses accounted for most of the total expenditures.

In 2021, expenditures for acquisitions were $330.2 billion, expenditures to establish new U.S. businesses were $1.6 billion, and expenditures to expand existing foreign-owned businesses were $1.8 billion. Planned total expenditures, which include both first year and planned future expenditures, were $345.8 billion.

Greenfield expenditures

Greenfield investment expenditures to either establish a new U.S. business or to expand an existing foreign-owned U.S. business were $3.4 billion in 2021. For greenfield investment initiated in 2021, total planned expenditures until completion, which include both first year and future expenditures, were $15.6 billion.

By U.S. industry, greenfield expenditures in 2021 were largest in utilities ($1.2 billion) and chemical manufacturing ($0.3 billion). By region of UBO, Europe ($2.1 billion) and Asia and Pacific ($0.6 billion) had the largest expenditures. By U.S. state, Texas received the highest level of greenfield investment ($0.9 billion), followed by Delaware ($0.4 billion).


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