American foreign investments at the end of 1925, exclusive of Government loans to European nations, totaled $10,405,-000,000. Figures recently compiled by the Department of Commerce disclose that of this total of foreign holdings by American citizens and corporations over two-thirds is represented by investments in the Western Hemisphere.
The following table, based upon the figures of the Department of Commerce1, shows the distribution of American foreign investments by geographical areas at the end of 1925.
|Total Investment||Per Cent of total|
|Canada and Newfoundland||$2, 825, 000,000||27,1|
|Asia, Australia, Africa and rest of the world||870,000,000||8.4|
The investment totals given above include government and government-guaranteed obligations, foreign industrial securities and the estimated value of the direct investments made in foreign countries by American citizens and business enterprises.