Posted on 01/09/2004 7:00:16 AM PST by hotpotato
AMERICANS may be the biggest single foreign investment player in Australia, but the Brits have it over them when it comes to making a profit.
A new study by the Australian Bureau of Statistics into globalisation found American owned firms made a greater contribution to the domestic economy than any other country.
United States' residents own 3439 businesses. The next best were Brits who owned 792 businesses.
Other foreign nationals with strong business links to Australia included New Zealand (871 businesses), South Africa (632 businesses), Hong Kong (440 businesses), Germany (378 businesses) and Japan (347 businesses).
The American owned businesses employed more than 330,000 people and added around $33 billion in industry value.
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