Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.57 million workers in the United States in 2024, a 0.2 percent increase from 8.56 million workers in 2023, according to statistics on U.S. affiliate operations and finances released today by the U.S. Bureau of Economic Analysis.

U.S. affiliates accounted for 6.1 percent of total private-industry employment in the United States in 2024, down from 6.2 percent in 2023. By sector, employment was largest in manufacturing and in retail trade. U.S. affiliates with ultimate beneficial owners (UBOs) in the United Kingdom, Japan, and Germany were the largest contributors to employment.

Current-dollar value added of U.S. affiliates , a measure of their direct contribution to U.S. gross domestic product, increased 4.3 percent to $1.52 trillion in 2024. These affiliates accounted for 6.7 percent of total U.S. business-sector value added, down from 6.8 percent in 2023.

Expenditures for property, plant, and equipment by U.S.…