Outward Foreign Direct Investment (FDI) flows by industry record the value of cross-border direct investment transactions from the reporting economy during a year, by industry sector. It represents transactions that increase the investment that investors in the reporting economy have in enterprises resident abroad less any transactions that decrease the investment that investors in the reporting economy have in enterprises resident abroad, for a specific industry. It is shown for a restricted list of nine ISIC4 industries while the source database includes outward FDI flows for 84 ISIC4 industries. Resident Special Purpose Entities (SPEs) are excluded for Austria, Belgium, Denmark, Hungary, Iceland, Mexico, the Netherlands, Norway, Poland and Portugal. SPEs do not exist or are not significant in Australia, the Czech Republic, Finland, France, Germany, Greece, Israel, Italy, Japan, Latvia, Lithuania, New Zealand, the Slovak Republic, Slovenia, Turkey and the United States. This indicator is measured in USD millions.