foreign direct investment stock statistics - april 2019 · foreign direct investment relations also...

Foreign direct investment stock statistics

Special Statistical Publication 10 April 2019

Deutsche Bundesbank

Wilhelm-Epstein-Strasse 14

60431 Frankfurt am Main

Germany

Postal address

Postfach 10 06 02

60006 Frankfurt am Main

Germany

Tel +49 69 9566-0

or +49 69 9566 2482/2483

Fax +49 69 9566 3077

http://www.bundesbank.de

Reproduction permitted only if source is stated.

ISSN 1864-4708

This Annex provides an English translation of the headings

and explanatory notes to the data contained in the German

original dated April 2019, which is the sole authoritative

text.

The Statistical Supplement Balance of payments statistics,

which is augmented annually by this Special Statistical Pub-

lication is published at monthly intervals by the Deutsche

Bundesbank, Frankfurt am Main, by virtue of section 18 of

the Bundesbank Act. It is available to interested parties free

of charge.

Further statistical data, supplementing the Monthly Report,

are to be found in the following supplements.

Banking statistics

Capital market statistics

Seasonally adjusted business statistics

Exchange rate statistics

Selected updated statistics are also available on the web-

site.

Deutsche Bundesbank


April 2019

2

Contents

I German foreign direct investment abroad

1 German corporate assets broken down by type of cross ownership and economic activity

(a) in all countries ........................................................................................................................................... 6

(b) in EU member states ................................................................................................................................. 6

(c) in the United States ................................................................................................................................... 6

2 Direct investment and important key indicators of enterprises abroad broken down by

(a) country of investment ............................................................................................................................... 7

(b) economic activity of the German investors ................................................................................................ 9

(c) economic activity of the foreign investment enterprises ............................................................................. 12

3 Primary and secondary direct investment broken down by country of investment and economic activity

(a) of the German investors ............................................................................................................................ 14

(b) of the foreign investment enterprises ........................................................................................................ 15

II Foreign direct investment in Germany

1 Foreign corporate assets broken down by type of cross ownership and economic activity

(a) from all countries ...................................................................................................................................... 16

(b) from EU member states ............................................................................................................................. 16

(c) from the United States .............................................................................................................................. 16

2 Direct investment and important key indicators of enterprises in Germany broken down by

(a) country of investor .................................................................................................................................... 17

(b) economic activity of the investment enterprises ......................................................................................... 18

(c) country where the corporate headquarters are resident............................................................................. 21

3 Primary and secondary direct investment broken down by economic activity of the investment enterprises .... 23

(a) and country of investor ............................................................................................................................. 23

(b) and country where the corporate headquarters are resident ...................................................................... 24

III Foreign direct investment stocks at market values including real estate and construction

1 German foreign direct investment abroad, total ............................................................................................. 25

2 Foreign direct investment in Germany, total ................................................................................................... 25

Methodological notes ...................................................................................................................... 26

List of countries................................................................................................................................... 29

Special Statistical Publications .................................................................................................... 33

Deutsche Bundesbank


April 2019

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Notes

The latest figures must in all cases be regarded as provisional; subsequent revisions which appear in the following

issue of this Special Statistical Publication are therefore not specially marked.

Annual production value at credit institutions

Credit institutions’ annual production value is recorded and shown under annual turnover in billions of euro. The

annual production value consists of the net interest received, current income from shares and other variable-rate

securities, commissions, the net result of financial operations and other operating income.

Claims and liabilities arising from foreign direct investment relations

In a departure from their definition in accounting terminology, the terms “claims” and “liabilities” arising from

foreign direct investment relations also include cross-border equity holdings, which, legally speaking, do not

constitute claims or liabilities but rather assets abroad held by residents or assets in Germany held by non-

residents.

Activities of holding companies with and without management activities

As of the 2014 reporting year, the activities of those holding companies without management activities are no

longer recorded under the economic activity group “Activities of head offices (Activities of holding companies)”

but have been reclassified from Section M “Professional, scientific and technical activities” to Section K “Finan-

cial and insurance activities” because they serve as companies’ internal group financiers.

Abbreviations and symbols

r Revised. Figure unknown, not to be published or not meaningful0 Less than 0.5 but more than nil– Nil

Discrepancies in the totals are due to rounding.

Deutsche Bundesbank


April 2019

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Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad1 German corporate assets broken down by type of cross ownership and economic activity

(a) in all countries(b) in EU member states(c) in the United States

End of year (pages 6 –7, 8 – 9 and 10 –11 of the German original)

Item

Economic activity of enterprises abroad (investment enterprises)

All economic activities

of which

Manufacturing

Wholesale and retail trade; repair of motor vehicles and motorcycles

Financial and insurance activities

Activities of head offices; management consultancy activitiesTotal

of which

Holding companies without management function

German direct investment in € millionPrimary German direct investment abroad

Primary German investment capital1+ direct lendings by German capital owners2+ lendings by enterprises in Germany3

to their foreign sister companies

Receivables of primary German investment relations

minus– direct lendings of direct investment

enterprises abroad to their German investors2– lendings of enterprises abroad3

to their sister companies in Germany

Liabilities of primary German direct investment relations

Total of primary German direct investment

Primary and secondary German direct investment abroad (consolidated)4

Primary German investment capital1+ secondary German investment capital1

(held by dependent holding companies)+ direct lendings by German capital owners2+ lendings by dependent holding companies+ lendings by enterprises in Germany3

to their foreign sister companies

Receivables of primary and secondary German direct investment relations

minus– direct lendings of direct investment enterprises abroad to their German

investors2– lendings to dependent holding companies– lendings by enterprises abroad3

to their sister companies in Germany

Liabilities of primary and secondary German direct investment relations

Total of primary and secondary German direct investment

Data on enterprises abroadEnterprises with primary German capital interests

NumberEmployees in thousandsAnnual turnover in € billion

Enterprises with secondary German majority interests


Footnotes (a), (b) and (c) on pages 6 –11 of the German original1 Including pro rata reserves and profits, less losses. 2 Also includes direct lend-ings to enterprises with secondary German capital interests. 3 Only if the corpor-ate headquarters are located in Germany. 4 Excluding primary direct investment

in dependent holding companies, ie excluding interests in the nominal capital and reserves of dependent holding companies and excluding lending connec-tions to dependent holding companies.

Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 Direct investment and important key indicators of enterprises abroad broken down by

(a) country of investment

End of year (pages 12 –13 of the German original)

All countries

Europe

Total

EU member states

Total

Euro-area member states1

Total Belgium Estonia Finland France Greece

Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Austria Portugal

1 From 2015 including Lithuania. 2 Consolidated secondary direct investmentsare secondary capital relations of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.


Europe (cont’d)

EU member states (cont’d)

Euro-area member states1 (cont’d) Other EU member states2

Slovakia Slovenia Spain Cyprus Total Bulgaria Denmark Croatia Poland Romania

Other European countries

Total

of which

SwedenCzech Republic Hungary

United Kingdom Albania Belarus

Bosnia andHerzegovina Guernsey Isle of Man

1 From 2015 including Lithuania. 2 From 2015 excluding Lithuania.3 Consolidated secondary direct investments are secondary capital relations

of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.


Europe (cont’d)

Other European countries (cont’d)

of which

Jersey Kosovo Liechtenstein

Macedonia former Yugoslav, Republic of

Moldova,Republic of Norway

RussianFederation Switzerland Serbia1 Turkey

Africa

Ukraine Total

of which

Egypt Algeria Angola Ghana Kenya Libyan Morocco Mauritius

1 From 2015 excluding Kosovo. 2 Consolidated secondary direct investments are secondary capital relations of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.

For side-headings in tables, see page 9.

Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 (a) (cont’d)


Africa (cont’d) America

of which

Total

North AmericaCentral America

Namibia Nigeria South Africa

Tanzania, United Republic of Tunisia Total

of which

TotalCanada United States

of which

Bahamas Barbados BermudaVirgin Islands, British Costa Rica Curaçao

Dominican Republic El Salvador Guatemala Honduras

1 Consolidated secondary direct investments are secondary capital relations of investments held by Germans in enterprises abroad by dependent holding com-panies domiciled abroad.

End of year (pages 20 – 21 of the German original)

America (cont’d)

Central America (cont’d) South America

of which

Total

of which

Cayman Islands Mexico Panama Argentina

Bolivia, Plurinational State of Brazil Chile Ecuador Colombia

Asia

Total

Countries in Near and Middle East

Total

of which

Paraguay Peru Uruguay

Venezuela, Bolivarian Republic of Azerbaijan Bahrain Georgia

Iran, Islamic Republic of



Asia (cont’d)

Countries in Near and Middle East (cont’d) Other Asian countries

of which

Total

of which

Israel Jordan Qatar Kuwait Lebanon Oman Saudi ArabiaUnited ArabEmirates Bangladesh

China, People’s Republic of1 Hong Kong India Indonesia Japan Kazakhstan

Korea, Republic of Malaysia Pakistan Philippines

1 Excluding Hong Kong. 2 Consolidated secondary direct investments are sec-ondary capital relations of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.


Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 (a) (cont’d)

End of year (page 24 of the German original)

Asia (cont’d) Oceania and Polar regions

Other Asian countries (cont’d)

Total

of which

of which

Australia New ZealandSingapore Sri Lanka Taiwan Thailand Uzbekistan Viet Nam


Primary German direct investment abroad in € millionReceivables of Outward direct investment relations

Liabilities of Outward direct investment relations

Primary direct investment stocks (accumulated)

Primary and secondary German direct investment abroad (consolidated) in € millionReceivables of Outward direct investment relations


Primary and secondary direct investment stocks (accumulated)

Key indicators of enterprises abroadNumber

Employees in thousands

Annual turnover in € billion


(b) economic activity of the German investors



Agriculture, forestry and fishing

Mining and quarrying Manufacturing

Total

of which

Total

of which

Extraction of crude petrol-eum and natural gas

Other mining and quarrying

Manufacture of food products

Manufacture of beverages

Manufacture of tobacco products

Manufacture of textiles

1 Consolidated secondary direct investments are secondary capital relations of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.


Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 (b) (cont’d)


Manufacturing (cont’d)

of which

Manufacture of wearing apparel

Manufacture of leather and related products

Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

Manufacture of paper and paper products

Printing and reproduction of recorded media

Manufacture of coke and refined petroleum products

Manufacture of chemicals and chemical products

Manufacture of basic pharmaceuti-cal products and pharma-ceutical preparations

Manufacture of rubber and plastic products

Manufacture of other non-metallic mineral products

Manufacture of basic metals

Manufacture of fabricated metal products, except machinery and equipment

Manufacture of electronic components and boards

Manufacture of computer and peripheral equipment

Manufacture of communi-cation equipment; manufacture of consumer electronics

Manufacture of instruments and appliances for measuring, testing and navigation; watches and clocks; irradiation, electromedical and electro-therapeutic equipment

Manufacture of optical in-struments and photographic equipment; manufacture of magnetic and optical media

Manufacture of electrical equipment

Manufacture of machinery and equip-ment n. e. c.

Manufacture of motor vehicles, trailers and semi-trailers




Electricity, gas, steam and air conditioning supply

Water supply; sewerage, waste management and remediation activities

Construction


Transportation and storageof which

Manufacture of other transport equipment

Other manu-facturing; repair and installation of machinery and equipment Total

of which

Total

of which

Waste collection, treatment and disposal activities; materials recovery Air transport

Warehousing and support activities for transportation

Accommoda- tion and food service activities

Information and communication Financial and insurance activities

Total

of which

Total

Monetary intermediation

Holding companies without management function

Trusts, funds and similar financial entities; other financial service activi - ties

Publishing activities

Programming and broad - casting activities

Telecommuni- cations

Computer programming, consultancy and related activities



Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 (b) (cont’d)


Financial and insurance activities (cont’d)

Real estate activities

Professional, scientific and technical activities

Insurance and reinsurance

Pension funding

Activities auxiliary to financial services and insurance activities Total

of which

Activities of head offices (holding com-panies with management function)2

Public relations and manage-ment consult-ancy activities

Architectural and engineer-ing activities and related technical consultancy

Technical testing and analysis

Scientific research and development

Administrative and support service activities

Education; human health and social work activities

Arts, entertain-ment and recreation

Public adminis-tration; other service activities; non-profit organizations

Private householdsTotal

of which

Advertising; market research and public opinion polling

Rental and leasing activities

Employment activities

Travel agency, tour operator and other reservation service and related activities

Office adminis-trative, office support and other business support activities

1 Consolidated secondary direct investments are secondary capital relations of investments held by Germans in enterprises abroad by dependent holdingcompanies domiciled abroad.

-

Economic activity of the German investors







Number of Investors

Deutsche Bundesbank


April 2019

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(c) economic activity of the foreign investment enterprises



Agriculture, forestry and fishing


Total

of which

Total

Manufacture of food products

Manufacture of beverages

Manufacture of tobacco products

Manufacture Total of textiles

Extraction of crude petrol-eum and natural gas

Other mining and quarrying















Manufacture of fabricated metal products, except machinery and equipment





Manufacture of optical in-struments and photographic equipment; manufacture of magnetic and optical media






Construction


Transportation and storage


Manufacture of furniture

Other manu-facturing; repair and installation of machinery and equipment Total

of which

Total

of which

Waste collection, treatment and disposal activities; materials recovery Air transport



Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad2 (c) (cont’d)


Transportation and storage (cont’d)

Accommoda-tion and food service activities


of which

Total

of which

TotalMonetary intermediation

Holding com-panies without management function

Warehousing and support activities for transportation


Programming and broadcast-ing activities

Telecommuni-cations




Trusts, funds and similar financial entities; other financial service activ-ities


Pension funding


of which

Activities of head offices (holding com-panies with management function)2

Public relations and manage-ment consultancy activities




Professional, scientific and technical activities (cont’d) Administrative and support service activities



Public adminis-tration; other service activities; non-profit organizations

of which

Total

of which


Advertising; market research and public opinion polling

Rental and leasing activities


Travel agency, tour operator and other reservation service and related activities








Key indicators of enterprises abroadNumber



Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad3 Primary and secondary direct investment broken down by country of investment and economic activity

(a) of the German investors

End of year; in € million


of which

Manufacturing

Wholesale and retail trade; repair of motor vehicles and motor-cycles

Financial and insurance activities Activities of

head offices; management consultancy activities (hold-ing companies with manage-ment func-tion)Total

of which

Total

of which






Jahr = Year

Page 40 of the German originalAll countries

EuropeEU member statesof which: Belgium

Denmark France Ireland Italy Luxembourg Netherlands Austria

Page 41 of the German originalPolandPortugalRomaniaSwedenSlovakiaSpainCzech RepublicHungaryUnited Kingdom

Other European countriesof which: Norway

Page 42 of the German originalRussian FederationSwitzerlandTurkey

Africaof which: South AfricaAmericaof which: Argentina

Brazil Canada Mexico United States

Page 43 of the German originalAsiaof which: China, People’s Republic of1

Hong Kong India Japan Korea, Republic of Malaysia Singapore United Arab Emirates

Oceania and Polar regionsof which: Australia

1 Excluding Hong Kong.

Deutsche Bundesbank


April 2019

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I German foreign direct investment abroad3 Primary and secondary direct investment broken down by country of investment and economic activity

(b) of the foreign investment enterprises



of which

Manufacturing


Wholesale and retail trade; repair of motor vehicles and motorcyclesTotal

of which


Manufacture of basic pharmaceut-ical products and pharma-ceutical preparations

Manufacture of instruments and appliances for measuring, testing and navigation; watches and clocks; irradi-ation, electro-medical and electrothera-peutic equip-ment




Information and communi-cation



Activities of head offices; management consulting ac-tivities (holding companies with manage-ment func-tion)

Administrative and support service activ-itiesTotal



Trusts, funds and similar financial en-tities; other financial ser-vice activities

Insurance and reinsurance, Pension fund-ing

Activities auxiliary to financial services and insurance activities

Jahr = Year

Page 44 – 45 of the German originalAll countries

EuropeEU member statesof which: Belgium

DenmarkFranceIrelandItalyLuxembourgNetherlandsAustria

Page 46 – 47 of the German originalPolandPortugalRomaniaSwedenSlovakiaSpainCzech RepublicHungaryUnited Kingdom

Other European countriesof which: Norway

Page 48 – 49 of the German originalRussian FederationSwitzerlandTurkey

Africaof which: South AfricaAmericaof which: Argentina

BrazilCanadaMexicoUnited States

Page 50 – 51 of the German originalAsiaof which: China, People’s Republic of1

Hong KongIndiaJapanKorea, Republic ofMalaysiaSingaporeUnited Arab Emirates

Oceania and Polar regionsof which: Australia

Deutsche Bundesbank


April 2019

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II Foreign direct investment in Germany1 Foreign corporate assets broken down by type of cross ownership and economic activity

(a) from all countries(b) from EU member states(c) from the United States

End of year (pages 52 – 53, 54 – 55 and 56 – 57 of the German original)

Item

Economic activity of the enterprises in Germany (investment enterprises)


of which

Manufacturing

Wholesale and retail trade; repair of motor vehicles and motor-cycles


Activities of head offices; management consultancy activities (holding com-panies with management function)Total

of which

Holding companies without management function

Foreign direct investment in € million

Primary foreign direct investment in GermanyPrimary foreign investment capital1

+ direct lendings by foreign capital owner2

+ lendings by enterprises abroad3 to their sister companies in Germany

Liabilities of primary foreign direct investment relations

minus– direct lendings of direct investment

enterprises in Germany to their foreign investors2

– lendings of enterprises in Germany3 to their sister companies abroad

Receivables of primary foreign direct investment relations

Total of primary foreign direct investment

Primary and secondary foreign direct investment in Germany (consolidated)4

Primary foreign investment capital1

+ secondary foreign investment capital1 (held by dependent holding companies)

+ direct lendings by foreign capital owner2

+ lendings by dependent holding companies

+ lendings by enterprises abroad3 to their sister companies in Germany

Liabilities of primary and secondary foreign direct investment relations

minus– direct lendings of direct investment enterprises in Germany to their investors

abroad2

– lendings to dependent holding companies

– lendings to enterprises in Germany3 to their sister companies abroad

Receivables of primary and secondary foreign direct investment relations

Total of primary and secondary foreign direct investment

Data on enterprises in Germany5Enterprises with primary foreign capital interests


Enterprises with secondary foreign capital interests


Footnotes (a), (b) and (c) on pages 52 – 57 of the German original1 Including pro rate reserves and profits, less losses. 2 Also includes direct lending to enterprises with secondary foreign capital interests. 3 Only if the corporate headquarters are located abroad. 4 Excluding primary direct investment in de-pendent holding companies, ie excluding interests in the nominal capital and the

reserves of dependent holding companies and excluding lendings to dependent holding companies. 5 Key data on enterprises with primary and also with second-ary foreign capital interests are shown in both of the following sections. Thus they are counted twice.

Deutsche Bundesbank


April 2019

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II Foreign direct investment in Germany2 Direct investment and important key indicators of enterprises in Germany broken down by

(a) country of investor


All countries

Europe

Total

EU member states

Total


Total

of which

Belgium Finland France Greece Ireland Italy

Other EU member states2

Total

of which

Luxembourg Malta Netherlands Austria Portugal Slovenia Spain Cyprus Denmark

of investments held by foreigners in enterprises in Germany by dependent holding companies domiciled in Germany. Key data on enterprises in 4

which investors from various countries hold capital interests are shown under the country concerned. The total of the figures for individual countriescan therefore differ from the total for the group of countries.


Europe (cont’d)

EU member states (cont’d) Other European countries

Other EU member states1 (cont’d)

Total

of which

of which

Gibraltar Guernsey Isle of Man Jersey LiechtensteinPoland SwedenCzech Republic Hungary

United Kingdom

Africa America

Total

of which

Total

North America

Mauritius South Africa Total

of which

Norway

Russian Federation Switzerland Turkey Canada United States

1 From 2015 excluding Lithuania. 2 Consolidated secondary direct investments are secondary capital relations of investments held by foreigners in enterprises in Germany by dependent holding companies domiciled inGermany. 3 Key data on enterprises in which investors from various countries

hold capital interests are shown under the country concerned. The total of the figures for individual countries can therefore differ from the total for the group of countries.


America (cont’d)

Central America South America

Total

of which

Total

of which

Bahamas Bermuda

Virgin Islands, British

Cayman Islands Mexico Panama Brazil Uruguay

Asia

Total

Countries in Near and Middle East Other Asian countries

Total

of which

Total

of which

Iran, Islamic Republic of Israel Qatar Kuwait Lebanon

United ArabEmirates

China,1 People’s Republic of

1 Excluding Hong Kong. 2 Consolidated secondary direct investments are sec-ondary capital relations of investments held by foreigners in enterprises in Ger-many by dependent holding companies domiciled in Germany. 3 Key data on

enterprises in which investors from various countries hold capital interests are shown under the country concerned. The total of the figures for individual coun-tries can therefore differ from the total for the group of countries.

For side-headings in tables, see page 18

Deutsche Bundesbank


April 2019

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of investments held by Germans in enterprises abroad by dependent holding companies domiciled abroad.

II Foreign direct investment in Germany2 (a) (cont’d)




Total

of which

of which AustraliaHong Kong India Japan

Korea, Republic of Malaysia Singapore Taiwan Thailand

1 Consolidated secondary direct investments are secondary capital relations of investments held by foreigners in enterprises in Germany by dependent holding companies domiciled in Germany. 2 Key data on enterprises in which investors

from various countries hold capital interests are shown under the country con-cerned. The total of the figures for individual countries can therefore differ from the total for the group of countries.

Primary foreign direct investment in Germany in € millionLiabilities of inward direct investment relations

Receivables of inward direct investment relations


Primary and secondary foreign direct investment in Germany (consolidated) in € millionLiabilities of inward direct investment relations



Key indicators of enterprises in GermanyNumber




(b) economic activity of the investment enterprises


All economicactivities

Agriculture,forestry andfishing


Total

of which

Total

Manufactureof foodproducts

Manufactureof beverages

Manufactureof tobaccoproducts

Manufacture of textiles

Extractionof crudepetroleumandnatural gas

Other miningand quarrying

1 Consolidated secondary direct investments are secondary capital relations of investments held by foreigners in enterprises in Germany by dependent holding companies domiciled in Germany.

Jahr = Year


Deutsche Bundesbank


April 2019

18

II Foreign direct investment in Germany2 (b) (cont’d)














Manufacture of fabricated metal prod-ucts, except machinery and equip-ment





Manufacture of optical instruments and photo-graphic equipment; manufacture of magnetic and optical media









Construction


Transportation and storage


Manufacture of furniture

Other manu-facturing; repair and installation of machinery and equip-ment Total

of which

Total

of which

Waste collection, treatment and disposal activities; materials recovery

Land transport and transport via pipelines

Accommoda-tion and food service activities


Total

of which

TotalMonetary intermediation


Water transport


Programming and broadcast-ing activities

Telecommuni-cations




Deutsche Bundesbank


April 2019

19

II Foreign direct investment in Germany2 (b) (cont’d)


Financial and insurance activities (cont’d)



Trusts, funds and similar financial entities; other financial ser-vice activities


Pension funding


of which

Management consultancy activities (hold-ing companies with manage-ment func-tion)2

Public relations and manage-ment consult-ancy activities



Administrative and support service activities



Public adminis-tration; other service activ-ities; non-profit organizationsTotal

of which


Advertising, market re-search and public opinion polling

Rental and leasing activ-ities


Travel agency, tour operator and other res-ervation ser-vice and related activities












Deutsche Bundesbank


April 2019

20


(c) country where the corporate headquarters are resident


All countries

Europe

Total

EU member states

Total


Total

of which

Belgium Germany Finland France Greece Ireland Italy

Other EU member states2

Total

of which

Luxembourg Malta Netherlands Austria Portugal Slovenia Spain Cyprus Denmark Poland

of investments held by foreigners in enterprises in Germany by dependent holding companies domiciled in Germany.


Europe (cont’d)

EU member states (cont’d) Other European countries

Other EU member states1 (cont’d)

Total

of which

of which

Gibraltar Guernsey Isle of Man Iceland Jersey LiechtensteinSwedenCzech Republic Hungary

United Kingdom

Africa America

Total

of which

Total

North America

South Africa Total

of which

Norway

Russian Federation Switzerland Turkey Canada United States

1 From 2014 excluding Latvia; from 2015 excluding Lithuania. 2 Consolidated secondary direct investments are secondary capital relations of investments held

by foreigners in enterprises in Germany by dependent holding companies domi-ciled in Germany.


America (cont’d) Asia

Central America South America

Total

Countries in

Total

of which

Total

of which

TotalBermuda

Virgin Islands, British Curaçao

Cayman Islands Mexico Brazil

Near and Middle East Other Asian countries

of which

Total

of which

Iran, Islamic Republic of Israel Qatar Kuwait Lebanon Oman Saudi Arabia

United ArabEmirates

China,1 People’s Republic of

1 Excluding Hong Kong. 2 Consolidated secondary direct investments are sec-ondary capital relations of investments held by foreigners in enterprises in Ger-many by dependent holding companies domiciled in Germany.


Deutsche Bundesbank


April 2019

21


II Foreign direct investment in Germany2 (c) (cont’d)




Total

of which

of which Australia

New ZealandHong Kong India Japan

Korea, Republic of Malaysia Singapore Taiwan Thailand











Deutsche Bundesbank


April 2019

22

II Foreign direct investment in Germany3 Primary and secondary direct investment broken down by economic activity of the investment enterprises

(a) and country of investor

End of year; in € million (pages 80 – 83 of the German original)

Economic activity of the investment enterprises


of which

Manufacturing


Wholesale and retail trade; repair of motor vehicles and motor-cyclesTotal

of which

Manufactureof cokeand refinedpetroleumproducts

Manufactureof chemicalsand chemicalproducts

Manufacture of basic pharmaceut-ical products and pharma- ceutical preparations

Manufacture of other non-metallic min-eral products





Management consultancy activities (hold-ing companies with manage-ment func-tion)

Administrative and support service activitiesTotal

of which

Total

of which

Telecommuni-cations




Insurance and reinsurance, Pension funding

Page 80 – 81 of the German original

All countriesof which: Europe

of which: EU countriesof which: Belgium

DenmarkFinlandFranceItalyLuxembourgNetherlands

Jahr = Year


AustriaSwedenSpainUnited Kingdom

SwitzerlandAmericaof which: Canada

United StatesAsiaof which: Japan

Jahr = Year

Deutsche Bundesbank


April 2019

23

II Foreign direct investment in Germany3 Primary and secondary direct investment broken down by economic activity of the investment enterprises

(b) and country where the corporate headquarters are resident

End of year; in € million (pages 84 – 87 of the German original)

Economic activity of the investment enterprises


of which

Manufacturing


Wholesale and retail trade; repair of motor vehicles and motor-cyclesTotal

of which

Manufactureof cokeand refinedpetroleumproducts

Manufactureof chemicalsand chemicalproducts

Manufacture of basic pharmaceut-ical products and pharma- ceutical preparations

Manufacture of other non-metallic min-eral products





Management consultancy activities (hold-ing companies with manage-ment func-tion)

Administrative and support service activitiesTotal

of which

Total

of which

Telecommuni-cations




Insurance and reinsurance, Pension funding


All countriesof which: Europe

of which: EU countriesof which: Belgium

DenmarkGermanyFinlandFranceItalyLuxembourgNetherlands

Jahr = Year


AustriaSwedenSpainUnited Kingdom

SwitzerlandAmericaof which: Canada

United StatesAsiaof which: China, People’s Republic of1

Japan

Jahr = Year

Deutsche Bundesbank


April 2019

24


III Foreign direct investment stocks at market values, including real estate and con struction1 German foreign direct investment abroad, total

End of year; in € million (page 88 of the German original)

Item 2014 2015 2016 2017

German direct investment at market values1, including real estate and constructionPrimary German investment capital at book values arising from direct shareholdings

+ difference between market and book values arising from direct shareholdings in listed companies

+ real estate owned by Germans abroad2

+ receivables arising from construction2,3

Primary German investment capital at market values

plus

+ direct lendings from German capital owners4

+ loans from enterprises in Germany5 to their sister companies abroad4

Receivables arising from primary German direct investment relations

minus

– direct loans from direct investment companies abroad to their German investors4

– loans from enterprises abroad5 to their sister companies in Germany4

Liabilities arising from primary German direct investment relations

Total primary German foreign direct investment at market values (including real estate and construction)

1 Shareholdings in listed direct investment companies are evaluated using the stock market value and not the book value from the balance sheets of the direct investment companies. 2 According to the international investment position. 3 Con cerns building sites that have existed for more than one year. 4 According

to the foreign di rect investment stock statistics, which are prepared in a different way to the data on credit re lations published in the international investment pos-ition. 5 Only if the corporate headquar ters are domiciled in Germany.

2 Foreign direct investment in Germany, total


Item 2014 2015 2016 2017

Foreign direct investment at market values1, including real estate and constructionPrimary foreign investment capital at book values arising from direct shareholdings

+ difference between market and book values arising from direct shareholdings in listed companies

+ real estate owned by foreigners in Germany2

+ liabilities arising from construction2,3

Primary foreign investment capital at market values

plus

+ direct loans from foreign capital owners4

+ loans from enterprises abroad5

to their sister companies in Germany4

Liabilities arising from primary foreign direct investment relations

minus

– direct loans from direct investment companies in Germany to their foreign investors4

– loans from enterprises in Germany5

to their sister companies abroad4

Receivables arising from primary foreign direct investment relations

Total primary foreign direct investment at market values (including real estate and construction)

1 Shareholdings in listed direct investment companies are evaluated using the stock market value and not the book value from the balance sheets of the direct investment companies. 2 According to the international investment position. 3 Con cerns building sites that have existed for more than one year. 4 According

to the foreign di rect investment stock statistics, which are prepared in a different way to the data on credit re lations published in the international investment pos-ition. 5 Only if the corporate headquar ters are domiciled abroad.

Deutsche Bundesbank


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The Foreign direct investment stock statistics are based on

reports by domestic enterprises and individuals on “Resi-

dents’ assets abroad” and “Non-residents’ assets in Ger-

many”, which have to be submitted to the Deutsche Bun-

desbank once a year. The contents of the reports and the

procedures to be used are defined in the Foreign Trade

and Payments Regulation (sections 64 and 65). The provi-

sions also include the report forms annexed to the Foreign

Trade and Payments Regulation and which form an inte-

gral part of that Regulation.

According to international standards, foreign direct invest-

ment is defined as cross-border participation in the capital

or voting rights of an enterprise of 10% or more. Owing

to a national reporting threshold, reports must only be

submitted for foreign direct investment enterprises with a

balance sheet total of more than (the equivalent of) €3

million. Secondary participating interests must be reported

if they are majority-owned. When calculating foreign

direct investment stock, loans between financial inter-

mediaries (banks and other financial intermediaries) are

not classified as foreign direct investment.

I Reporting requirements and contents of the reports

1 German foreign direct investment abroad (Outward foreign direct investment)

Reports are required to be submitted by German enter-

prises and individuals which, on the reporting date, have

direct (primary) holdings of 10% or more, or direct and

indirect (secondary) holdings totalling more than 50% of

the capital shares or voting rights in an enterprise abroad

which has a balance sheet total of more than (the equiva-

lent of) €3 million. Reports are also required of German

enterprises that maintain branch offices or permanent

establishments abroad with operating assets in excess of

€3 million.

The reports must include the following information:

(a) on the party required to report: name, domicile, eco-

nomic sector, legal form, balance sheet total, annual

turnover (in the case of banks: annual production

value) and the number of employees;

(b) on each individual foreign enterprise in which a direct

or indirect participating interest of the kind that is to be

reported is held:

– company name, domicile, country of domicile, legal

status, economic sector, annual turnover (in the case

of banks: annual production value) and the number

of employees;

– the reason for reporting if the participating interest is

reported for the first time: a newly established enter-

prise, purchase, merger or acquisition, or overshoot-

ing of the reporting threshold;

– the balance sheet of the foreign enterprise in which

the party required to report has a primary or second-

ary participating interest as at the reporting date, as

well as the shares in the asset and liability positions

given in that balance sheet which are attributable

either directly to the party required to report or to

affiliated enterprises and, in the case of secondary

participating interests, the shares in the asset and

liability positions given in that balance sheet which

are attributable to the foreign enterprise with a pri-

mary participating interest. What must be reported is

the foreign currency balance sheet of the foreign

enterprise, which has been drawn up in accordance

with the regulations in force in the country of domi-

cile. In the case of primary participating interests in a

listed enterprise, the stock market value of the shares

held is also reported.

2 Foreign direct investment in Germany (Inward foreign direct investment)

Reports are required to be submitted by every German

enterprise with a balance sheet total of more than €3 mil-

lion in which a non-resident (or several economically

linked non-residents together) holds 10% or more of the

shares or voting rights in the German enterprise on the

balance sheet date. Reports are also required of non-

residents’ branch offices or permanent establishments in

Germany with operating assets in excess of €3 million.

Secondary participating interests are to be reported if

non-residents have a holding of more than 50% in a

domestic enterprise – such enterprises are deemed to be

“dependent enterprises” – and if these dependent enter-

prises themselves have primary or secondary holdings

totalling more than 50% of the shares or voting rights in

other domestic enterprises.

Reporting requirements

Contents of the reports

Reporting requirements

Methodological notes

Deutsche Bundesbank


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26

The reports must include the following information:

(a) on the enterprise required to report:

– company name, domicile, economic sector, legal

form, annual turnover (in the case of banks: annual

production value) and the number of employees;

– the reason for reporting if the enterprise required to

report submits for the first time: a newly established

enterprise, purchase, merger or acquisition, or over-

shooting of the reporting threshold;

– the balance sheet of the enterprise required to

report, including credit relations with affiliated enter-

prises; in the case of primary participating interests in

a listed enterprise, the stock market value of the

shares held is also reported;

(b) on every non-resident with a participating interest in

the enterprise required to report:

– name, domicile and country of domicile;

– the shares in the asset and liability positions given in

the balance sheet of the enterprise required to report

which are attributable to that non-resident;

(c) on every domestic enterprise in which non-residents

hold a secondary participating interest of the kind that

is to be reported (see notes on the reporting require-

ments):

– company name, domicile, economic sector, legal

form, annual turnover (in the case of banks: annual

production value) and the number of employees;

– the reason for reporting if the participating interest is

reported for the first time: a newly established enter-

prise, purchase, merger or acquisition, or overshoot-

ing of the reporting threshold;

– the balance sheet of the domestic enterprise in

which the enterprise required to report has a primary

or secondary participating interest as at the report-

ing date, as well as the shares in the asset and liabil-

ity positions which are directly attributable to the

enterprise with a primary participating interest and

credit relations with other affiliated enterprises (and,

where applicable, the claims and liabilities of the

domestic enterprise which exist directly vis-à-vis a

non-resident shareholder of the enterprise required

to report), in the event of the enterprise required to

report having a secondary participating interest, the

shares in the asset and liability positions of this bal-

ance sheet which are attributable to the domestic

enterprise holding the primary participating interest.

II Calculation of the stock of foreign direct investment

A distinction is made in the presentation of the statistics

between primary foreign direct investment and consoli-

dated primary and secondary foreign direct investment.

Primary foreign direct investment constitutes the primary

capital links arising from residents’ participating interests

in enterprises abroad or non-residents’ participating inter-

ests in enterprises in Germany.

Pursuant to the internationally agreed “extended direc-

tional principle” (OECD Benchmark Definition of Foreign

Direct Investment), lending between sister companies is

classified according to the country of domicile of the

group headquarters. Cross-border credit relations with

sister companies are counted as outward foreign direct

investment, irrespective of the underlying direction of the

foreign direct investment relation, if the group headquar-

ters are domiciled in Germany. In this instance, outward

foreign direct investment is increased when an enterprise

in Germany lends to a sister company domiciled abroad

and reduced in the case of borrowing on the part of a

sister company domiciled abroad. If the group headquar-

ters are domiciled abroad, cross-border lending between

sister companies is recorded as inward foreign direct

investment. Inward foreign direct investment is increased

when an enterprise domiciled abroad lends to a sister

company in Germany and reduced in the case of cross-

border borrowing on the part of a sister company in

Germany.

A breakdown of primary foreign direct investment stock is

derived from the following components of the statistical

reports:

1 the shares in the nominal capital held primarily by

shareholders (shares in subscribed or called-up capital,

or in endowment capital), plus pro rata reserves and

profits less pro rata losses. These shares are deter-

mined on the basis of the respective pro rata shares of

the individual primary shareholders in the nominal

capital. The amounts involved must be stated in the

reports. Foreign direct investment enterprises’ partici-

pation in investor capital is to be deducted from this if

it does not constitute a foreign direct investment rela-

tion (participation of less than 10% in investor capital).

These components yield the primary investment capital.

Contents of the reports

Primary foreign direct invest-ment

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In addition, the primary foreign direct investment capital

includes:

2 direct lending by primary or secondary shareholders in

Germany or abroad;

plus

3 direct lending by other affiliated enterprises, namely,

– in the case of outward foreign direct investment,

lending by sister companies in Germany if the group

headquarters are domiciled in Germany, and,

– in the case of inward foreign direct investment, lend-

ing by sister companies abroad if the group head-

quarters are domiciled abroad.

The sum of components 1 to 3 is referred to as “claims

arising from primary German foreign direct investment re-

lations” in the case of outward foreign direct investment

and “liabilities arising from primary German foreign direct

investment relations” in the case of inward foreign direct

investment.

These claims (outward foreign direct investment) and

liabilities (inward foreign direct investment) are decreased

by the following components (“reverse investments”):

4 direct lending by foreign direct investment enterprises

to their primary or secondary shareholders in Germany

or abroad;

and

5 direct lending by other affiliated enterprises, namely,

– in the case of outward foreign direct investment,

lending by sister companies abroad if the group

headquarters are domiciled in Germany, and,

– in the case of inward foreign direct investment, lend-

ing by sister companies in Germany if the group

headquarters are domiciled abroad.

Primary outward foreign direct investment is derived from

claims arising from primary German foreign direct invest-

ment relations (components 1 to 3) less liabilities arising

from primary German foreign direct investment relations

(components 4 and 5). Correspondingly, primary inward

foreign direct investment is derived from liabilities arising

from primary foreign direct investment relations abroad

(components 1 to 3) less claims arising from primary for-

eign direct investment relations abroad (components 4

and 5).

In order to provide as comprehensive a picture as possible

of the pattern of foreign direct investment and its devel-

opment, primary and secondary foreign direct investment

held via direct holding companies is also shown in these

statistics in a consolidated form. Such consolidation is

effected by deducting primary foreign direct investment in

dependent holding companies from the aggregate pri-

mary and secondary foreign direct investment. Primary

foreign direct investment in dependent holding companies

is thus exchanged for the investment made by these de-

pendent holding companies in further primary participat-

ing interests. This prevents double counting of the capital

which was invested in holding companies and was used

by them to finance their participating interests.

The secondary direct foreign investment that is included in

the consolidated statistics comprises:

– in the case of outward foreign direct investment, sec-

ondary capital links arising from residents’ participating

interests in foreign enterprises via dependent holding

companies domiciled abroad, and,

– in the case of inward foreign direct investment, sec-

ondary capital links arising from non-residents’ partici-

pating interests in German enterprises via dependent

holding companies domiciled in Germany.

The way in which secondary foreign direct investment is

calculated from the balance sheet items is the same as

that used to calculate primary foreign direct investment,

with the dependent holding company taking the place of

the primary shareholder.

III Foreign direct investment stocks at market values including real estate and construction

Unlike the calculation of the stock of foreign direct invest-

ment described in section II, here the shareholdings in

listed direct investment companies are evaluated using the

stock market value and not the book value from the bal-

ance sheets of the direct investment companies. In line

with an international agreement, cross-border private real

estate as well as construction sites that have existed for

more than one year are supplemented by cumulated data

on the balance of payments statistics.

Aggregate primary and secondary foreign direct investment

Deutsche Bundesbank


April 2019

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showing the groups of countries to which the countries appearing in this Special Statistical Publication belong

Europe

EU countries (28)

Euro-area member states

Austria

Belgium

Cyprus

Estonia

Finland

France

(including French Guiana, Guadeloupe, Martinique,

Mayotte, Monaco, Réunion, Saint Pierre and

Miquelon)

Greece

Ireland

Italy

Latvia

Lithuania

Luxembourg

Malta

Netherlands

Portugal

Slovakia

Slovenia

Spain

(including the Canary Islands, Ceuta and Melilla)

Other EU countries

Bulgaria

Croatia

Czechia

Denmark

Hungary

Poland

Romania

Sweden

United Kingdom

(Great Britain and Northern Ireland)

Other European countries

Albania

Andorra

Belarus

Bosnia and Herzegovina

Faroe Islands

Gibraltar

Guernsey

Holy See

Iceland

Isle of Man

Jersey

Kosovo

Liechtenstein

Macedonia, former

Yugoslav Republic of

Moldova, Republic of

Montenegro

Norway

Russian Federation

San Marino

Serbia

Switzerland

Turkey

Ukraine

Africa

Algeria

Angola

Benin

Botswana

British Indian Ocean Territory

Burkina Faso

Burundi

Cameroon

Cape Verde

Central African Republic

Chad

Comoros

Congo, Democratic Republic of the

Congo, Republic of the

Côte d’Ivoire

Djibouti

Egypt

Equatorial Guinea

Eritrea

Eswatini

Ethiopia

List of countries

Deutsche Bundesbank


April 2019

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Gambia

Ghana

Guinea

Guinea-Bissau

Kenya

Lesotho

Liberia

Libyan

Madagascar

Malawi

Mali

Mauritania

Mauritius

Morocco

Mozambique

Namibia

Niger

Nigeria

Rwanda

Saint Helena, Ascension and Tristan da Cunha

Sao Tome and Principe

Senegal

Seychelles

Sierra Leone

Somalia

South Africa

South Sudan

Sudan

Tanzania, United Republic of

Togo

Tunisia

Uganda

Zambia

Zimbabwe

America

North America

Canada

Greenland

United States

Central America

Anguilla

Antigua and Barbuda

Aruba

Bahamas

Barbados

Belize

Bermuda

Bonaire, Saba and Saint Eustatius

Cayman Islands

Costa Rica

Cuba

Curaçao

Dominica

Dominican Republic

El Salvador

Grenada

Guatemala

Haiti

Honduras

Jamaica

Mexico

Montserrat

Nicaragua

Panama

Saint Kitts and Nevis

Saint Lucia

Saint Vincent and the Grenadines

Sint Maarten

Trinidad and Tobago

Turks and Caicos Islands

Virgin Islands, British

Virgin Islands of the United States

South America

Argentina

Bolivia, Plurinational State of

Brazil

Chile

Colombia

Ecuador

Falkland Islands

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela, Bolivarian Republic of

Asia

Near and Middle Eastern countries

Armenia

Azerbaijan

Bahrain

Georgia

Iran, Islamic Republic of

Iraq

Israel

Deutsche Bundesbank


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Gabon

Jordan

Kuwait

Lebanon

Oman

Palestinian Territories

Qatar

Saudi Arabia

Syrian Arab Republic

United Arab Emirates

Yemen

Other Asian countries

Afghanistan

Bangladesh

Bhutan

Brunei Darussalam

Cambodia

China, People’s Republic of

Hong Kong

India

Indonesia

Japan

Kazakhstan

Korea, Democratic People’s

Republic of

Korea, Republic of

Kyrgyzstan

Lao, People’s Democratic

Republic

Macao

Malaysia

Maldives

Mongolia

Myanmar

Nepal

Pakistan

Philippines

Singapore

Sri Lanka

Taiwan

Tajikistan

Thailand

Timor-Leste

Turkmenistan

Uzbekistan

Viet Nam

Oceania and Polar regions

American Samoa

Antarctica

Australia

Bouvet Island

Christmas Island

Cocos Islands

Cook Islands

Fiji

French Polynesia

French Southern Territories

Guam

Heard and McDonald Islands

Kiribati

Marshall Islands

Micronesia, Federated States of

(Yap, Kosrae, Chuuk, Pohnpei)

Nauru

New Caledonia

New Zealand

Niue

Norfolk Islands

Northern Mariana Islands

Palau

Papua New Guinea

Pitcairn Islands

Samoa

Solomon Islands

South Georgia and the South

Sandwich Islands

Tokelau

Tonga

Tuvalu

United States Outlying Islands, minor

Vanuatu

Wallis and Futuna

Deutsche Bundesbank


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Deutsche Bundesbank


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Special Statistical Publications*

1 Banking statistics guidelines,

January 20191

2 Banking statistics customer classification,

January 2019

3 Aufbau der bankstatistischen Tabellen,

July 20132

4 Financial accounts for Germany 2012 to 2017,

May 2018

5 Extrapolated results from financial statements of German enterprises from 1997 to 2015,

December 2016

6 Verhältniszahlen aus Jahresabschlüssen deutscher Unternehmen von 2015 bis 2016,

May 20192

7 Notes on the coding list for the balance of payments statistics,

September 2013

8 The balance of payments statistics of the Federal Republic of Germany, 2nd edition,

May 1990o

9 Securities deposits,

August 2005

10 Foreign direct investment stock statistics,

April 20193

11 Balance of payments by region,

July 2013

12 Technologische Dienstleistungen in der Zahlungsbilanz,

June 20112

* Unless otherwise indicated, these publications are available in both English and German on the Bundesbank’s website.º Not available on the website.1 Only some parts of the Special Statistical Publications are provided in English. The date refers to the German issue, which may be of

a more recent date than the English one.2 Available in German only.3 Only the headings and explanatory notes to the data contained in the German originals are available in English.

Deutsche Bundesbank


April 2019

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Deutsche Bundesbank

6

Bestandserhebung über DirektinvestitionenApril 2019

I. Deutsche Direktinvestitionen im Ausland (Aktive Direktinvestitionen) 1. Deutsches Unternehmensvermögen nach Art der Kapitalverflechtung und Wirtschaftszweigen

a) in allen Ländern Stand am Jahresende

Wirtschaftszweige der Unternehmen im Ausland (Investitionsobjekte)

darunter:

Alle Wirtschaftszweige Verarbeitendes Gewerbe

Position 2015 2016 2017 2015 2016 2017

Deutsche Direktinvestitionen in Mio €

Unmittelbare deutsche Direktinvestitionen im Ausland

Unmittelbares deutsches Beteiligungskapital 1) 1 155 532 1 223 759 1 266 669 159 992 173 762 187 207+ direkte Kredite von deutschen Kapitaleignern 2) 162 593 163 362 173 063 37 124 42 194 41 940+ Kredite von Unternehmen in Deutschland 3)

an ihre Schwestergesellschaften im Ausland 113 377 115 386 129 243 23 510 27 314 29 779

Forderungen aus unmittelbarendeutschen Direktinvestitionsbeziehungen 1 431 501 1 502 507 1 568 975 220 626 243 270 258 926

abzüglich− direkte Kredite von Direktinvestitionsunternehmen

im Ausland an ihre deutschen Investoren 2) 241 736 258 992 246 736 26 211 28 873 27 322− Kredite von Unternehmen im Ausland 3)

an ihre Schwestergesellschaften in Deutschland 120 068 137 973 155 289 25 542 28 369 32 355

Verbindlichkeiten aus unmittelbarendeutschen Direktinvestitionsbeziehungen 361 804 396 965 402 025 51 753 57 242 59 677

Summe der unmittelbaren deutschen Direktinvestitionen 1 069 697 1 105 543 1 166 950 168 873 186 029 199 248

Unmittelbare und mittelbare deutsche Direktinvestitionenim Ausland (konsolidiert) 4)

Unmittelbares deutsches Beteiligungskapital 1) 579 437 646 264 649 826 159 992 173 762 187 207+ mittelbares deutsches Beteiligungskapital 1)

(über abhängige Holdinggesellschaften) 602 335 637 131 654 342 193 263 203 197 199 193+ direkte Kredite von deutschen Kapitaleignern 2) 132 409 138 296 143 449 37 124 42 194 41 940+ Kredite von abhängigen Holdinggesellschaften 62 827 60 974 67 579 9 498 9 963 10 965+ Kredite von Unternehmen in Deutschland 3)

an ihre Schwestergesellschaften im Ausland 91 641 93 980 103 200 23 504 26 980 29 639

Forderungen aus unmittelbaren und mittelbarendeutschen Direktinvestitionsbeziehungen 1 468 649 1 576 644 1 618 396 423 382 456 096 468 944

abzüglich− direkte Kredite von Direktinvestitionsunternehmen

im Ausland an ihre deutschen Investoren 2) 218 124 231 004 218 126 26 211 28 873 27 322− Kredite an abhängige Holdinggesellschaften 84 119 67 206 62 925 6 091 7 646 6 137− Kredite von Unternehmen im Ausland 3)

an ihre Schwestergesellschaften in Deutschland 111 201 125 775 140 924 25 445 28 117 31 729

Verbindlichkeiten aus unmittelbaren und mittelbarendeutschen Direktinvestitionsbeziehungen 413 444 423 985 421 975 57 747 64 635 65 188

Summe der unmittelbaren und mittelbarendeutschen Direktinvestitionen 1 055 205 1 152 659 1 196 421 365 635 391 461 403 756

Angaben über die Unternehmen im Ausland

Unternehmen mit unmittelbarer deutscher Kapitalbeteiligung

Anzahl 24 544 25 052 25 365 6 482 6 688 6 809Beschäftigte in Tsd 3 773 3 896 4 034 2 071 2 126 2 235Jahresumsatz in Mrd € 1 234 1 321 1 375 506 533 572

Unternehmen mit mittelbarer deutscher Mehrheitsbeteiligung

Anzahl 12 587 12 873 12 974 3 848 3 800 3 787Beschäftigte in Tsd 3 336 3 406 3 558 1 540 1 593 1 637Jahresumsatz in Mrd € 1 481 1 559 1 662 539 573 666

1 Einschl. anteilige Rücklagen und Gewinne, abzüglich Verluste. 2 Darin enthalten Kapitalbeteiligung. 3 Sofern die Konzernspitze ihren Sitz in Deutschland hat. 4 Ohnesind auch direkte Kreditbeziehungen zu Unternehmen mit mittelbarer deutscher unmittelbare Direktinvestitionen in abhängige Holdinggesellschaften, d.h. ohne

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foreign direct investment stock statistics - april 2019 · foreign direct investment relations also...

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