As a result, net intercompany debt inflows from foreign affiliates (which reduce the USDIA position), totaling $19.
5 billion in 2005, which more than offset the inflow of capital, resulting in the slight increase in the USDIA position.
The USDIA position increased in 2005 in each of the major geographic areas except Europe, where the dollar-value decrease in position was larger than the increase in position in any other single major geographic area (table C).
8 billion increase in the USDIA position in Africa, though relatively small in dollar terms, represented the second largest percentage increase of the regions.
The revised estimates of the USDIA position for 2003-2004 and of the FDIUS position for 2002-2004 incorporate new information from BEA's quarterly, annual, and benchmark surveys.
The historical-cost USDIA position for 2003 was revised down $22.
parent companies and their foreign affiliates give an indication of the degree to which indirect ownership affects the country and industry distribution of the USDIA position data.
4) For example, in a comparison of the estimates of the USDIA position with the closely related estimates of the net property, plant, and equipment (PP&E) of foreign affiliates, the 22-percent share of the position accounted for by manufacturing (in 2005) differs sharply from the 41-percent share of PP&E accounted for by manufacturing (in 2003, the latest year for which operations data are available).
For further discussion of the effect of holding companies on the estimates of USDIA series, see the "Technical Note" in Maria Borga and Raymond J.
Estimates of the USDIA position and related flows are allocated to the industries and countries of the affiliates with which the U.
With the 2004 USDIA position data, the disparities were higher still; the share of the position accounted for by manufacturing was 20 percent, and the share accounted for by the Netherlands was 10 percent.
For USDIA, capital flows without current-cost adjustment include the funds that U.
