The Transatlantic Economy
The investment balance favors the U.S., with Swedish direct investment in the U.S. totaling $46.9 billion, while U.S. firms invested $25.0 billion in Sweden in 2015. Sweden’s value added of a liates also exceeded that of U.S. foreign a liates. The employment balance is heavily in favor of the United States, according to 2015 estimates. The Stockholm area ranks as the ninth most important source of onshored jobs to America of all European metro regions. But U.S. FDI and U.S.-a liate employment in Sweden has been declining.
U.S. imports of Swedish goods were $9.8 billion in 2015. The U.S. accounted for 7.7% of Sweden’s total exports and 18.4% of the total after excluding intra- EU trade. Sweden imported $3.8 billion from the U.S. in 2015, accounting for 2.7% of Sweden’s total imports; the share rises to 9.1% after excluding intra- EU imports.
The transatlantic economy is picking up steam
70% of US global foreign direct investment came to Europe last year
Despite many global challenges facing Europe and the U.S., the economic prospects are improving for both economies, finds a new study from the Center for Transatlantic Relations, Johns Hopkins University. The transatlantic economy is picking up steam as we are seeing growth, confident markets and decreasing unemployment rates in the EU and the U.S.
The economic ties between Europe and the U.S. are strong. The Transatlantic Economy 2017 study published today shows that the transatlantic economic relationship generates close to €5.2 trillion in total commercial sales a year and employs up to 15 million workers on both sides of the Atlantic. The U.S. and Europe are each other’s main source of foreign direct investment. Europe has attracted over 58.5% of total U.S. global investment since 2010, more than in any previous decade.
The study includes dedicated profiles for 30+ European countries and all U.S. states.
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About AmCham Sweden
AmCham Sweden was founded in 1992. The organization has more than 220 members, ranging from start-ups to multinational corporations. The members, representing many different industries, create a dynamic organization providing networking and innovative ideas. AmCham Sweden annually organizes a number of events and seminars, and participates in public debate on key issues. www.amcham.se