16.2 Investments. Bilateral investment position (USD bn) 2007r 2008r 2009r 2010r 2011p

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1 Bilateral investment position (USD bn) 27r 28r 29r 21r 211p Total Swiss direct investment in the U.S Total U.S. direct investment in r = revised, p = preliminary Bilateral Investment Position USD bn r 28r 29r 21r 211p Total Swiss direct Investments in the U.S. Total U.S. direct Investments in Source: U.S. Department of Commerce, Bureau of Economic Analysis 61

2 Foreign direct investment in the United States Foreign direct investment position in the U.S. by country as % of total USD 2,114. bn, historical-cost basis % of total end 29 - revised Foreign direct investment position in the U.S. by country as % of total USD 2,342.8 bn, historical-cost basis % of total end 21 - revised Japan Germany France Japan Germany France Source: U.S. Department of Commerce, Bureau of Economic Analysis; data for 211 not yet available Swiss direct investment position in the U.S. by industry Book value at year-end (USD bn, historical-cost basis) 26 27r 28r 29r 21p Chemicals s s Machinery s Other Manufacturing Insurance and Finance (excl. depository institutions) Trade Information s 12.1 s Other Total s = Supressed to avoid disclosure of data of individual companies Source: U.S. Department of Commerce, Bureau of Economic Analysis; data for 211 not yet available Figures might not add up due to rounding 62

3 Foreign direct investment position in the U.S. by industry as % of total USD 2,342.8 bn, historical-cost basis % of total end 21 - revised 4 4 Swiss direct investment position in the U.S. by industry as % of total USD bn, historical-cost basis % of total end 21 - revised Manufacturing Other Industries Trade Insurance & Finance Information Manufacturing Insurance & Finance Other Industries Trade Information Source: U.S. Department of Commerce, Bureau of Economic Analysis; data for 211 not yet available 63

4 Largest Swiss Companies in the USA June 212, by number of employees (1.) Nestlé 49, (2.) Zurich Insurance 27,6 3. (3.) UBS 24, (4.) F. Hoffmann-La Roche 22,. (.) Novartis 2,46 6. (6.) ABB 14, 7. (7.) Credit Suisse Group* 1, 7. (7.) Siemens 1, 9. (9.) Schenker Schweiz 6,2 1. (1.) Adecco 6, 11. (11.) Schindler, (12.) Dufry, (13.) Syngenta, 14. (14.) Holcim 4,62. (.) SGS 4,4 16. (16.) Kühne & Nagel 3, (2.) Sulzer 2, (17.) Hilti 2, 19. (19.) Swiss Reinsurance 2, (18.) Clariant 2,4 21. (21.) Jet Aviation* 2, *estimated by the Swiss-American Chamber of Commerce Swiss income from direct investment in the U.S. (USD m) 2 2, ,299 22, , ,23 2 4, ,862 27r,9 28r 22,871 29r 13,483 21r 11, p 14,438 Source: U.S. Dept. of Commerce Employment of non-bank U.S. affiliates by industry as % of total,279,7 employees Employment of non-bank U.S. affiliates by country as % of total,279,7 employees % of total end 29 - preliminary % of total end 29 - preliminary Other Manufacturing Wholesale Trade Retail Trade Insurance & Finance Chemicals Information Machinery Japan Germany France Source: U.S. Department of Commerce, Bureau of Economic Analyses; data for 21 and 211 not yet available 64

5 Rate of return on foreign direct investments in the U.S. (in %) 26 27r 28r 29r 21p France 9.8% 4.% 9.2%.% 7.3% Germany.% 1.7% 8.8%.7% 7.1% 11.1% 11.6%.9% 6.6% 6.9% United Kingdom 8.8% 6.6%.4%.3% 6.7% 2.1% 4.% 14.6% 9.6% 6.1% 8.8% 4.8%.2% 3.4%.7% Japan 7.9% 6.9% 2.6% 1.3%.7% All Countries 7.9% 6.1% 6.1% 4.2% 6.1% Source: U.S. Department of Commerce; data for 211 not yet available 6

6 Swiss income from direct investment in the U.S. by industry (USDm) 27r 28r 29r 21p % change 1p/9r Manufacturing 4,273 7,97,76,79.% of which: Chemicals 1,27 4,13 3,38 3,388.2% Machinery % Electrical equipment, appliances and components s s % Insurance and Finance (excl. depository institutions) ,24 4,8 3, % Trade , % of which: Wholesale Trade , % Retail Trade 346 s % Information s s n.a. Other ,878 2,393 2,87 8.1%. Total,9 22,871 13,483 11, % s=data suppressed to avoid disclosure of data of individual companies Source: U.S. Department of Commerce; data for 211 not yet available Total employment by Majority-Owned U.S. affiliates of Swiss companies in the United States 28r 29p No. of Persons % of CH jobs No. of Persons % of CH jobs Total employment 389,3 1.% 43,6 1.% Northeast: 91,6 23.% 99,7 23.2% of which New York 36,3 9.3% 36,2 8.4% of which New Jersey 31,4 8.1% 32,2 7.% Southeast: 74, 19.% 84,9 19.7% of which Florida 14,3 3.7% 17,7 4.1% Far West: 67,4 17.3% 73,9 17.2% of which California 7,1 14.7% 61,3 14.2% Great Lakes: 61,3.7% 66,3.4% of which Illinois 18, 4.8% 2, 4.6% of which Ohio 16, 4.2% 17,8 4.1% Southwest: 33,9 8.7% 38,8 9.% of which Texas 24,9 6.4% 29, 6.7% New England: 26,4 6.8% 29,9 6.9% Plains: 23,4 6.% 23,8.% Other and undisclosed 11, 3.% 13,1 3.% Source: U.S. Department of Commerce; data for 21 and 211 not yet available Figures may not add up due to rounding 66

7 U.S. direct investment abroad U.S. Direct investment position by country as % of total USD 3,47 bn % of total end 29 - revised U.S. Direct investment position by country as % of total USD 3,98 bn % of total end 21 - revised Luxembourg Ireland Australia Germany Luxembourg Ireland Australia Japan US direct investment position in, by industry Book value at year end (USD bn, historical-cost basis) 27 28p 29p 21p Manufacturing Insurance and Finance (excl. depository institutions) Depository Institutions s.6 Wholesale Trade Other Total s = Supressed to avoid disclosure of data of individual companies Source: U.S. Department of Commerce, data for 211 not yet available 67

8 Rate of return on U.S. investment abroad 26 27r 28r 29r 21p 13.9%.4% 14.7% 12.8% 14.8% 11.% 8.4% 12.7% 6.3% 1.% Japan 9.% 9.2% 7.% 11.% 9.7% Germany 8.6% 9.3% 7.2% 4.4% 6.4% United Kingdom 6.6%.%.%.8%.2% France 9.2% 7.4% 6.8% 1.4% 2.8% All Countries 12.3% 11.7% 12.2% 9.% 1.% Source: U.S. Department of Commerce, data for 211 not yet available Largest U.S. Companies in (June 212, by number of employees) (1.) McDonald s* 6,8 2. (2.) IBM 3,69 3. (3.) Procter & Gamble 3,2 4. (4.) Johnson & Johnson 3,18. (.) Philip Morris International > 3, 6. (6.) Synthes 2,9 7. (7.) Hewlett-Packard 2,2 8. (8.) Mettler-Toledo* 1,4 9. (9.) Liberty Global 1,4 1. (11.) Huntsman 1,3 11. (1.) Johnson Controls 1, (12.) Kraft Foods 1,2 13. (13.) General Electric 1, 14. (18.) Medtronic 1,. (14.) Deloitte 1,1 16. (14.) Cargill 1,6 17. (na) CSL Behring 1, 17. (14.) Zimmer 1, 19. (19.) Dow (2.) Baxter 8 2. (na.) Hamilton Company 8 *estimated by the Swiss-American Chamber of Commerce 68

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