Net international investment position

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U.S.A. net international investment position (1976-2007)

The difference between a country's external financial assets and liabilities is its net international investment position (NIIP).[1] A country's external debt includes both its government debt and private debt, and similarly its public and privately held (by its legal residents) external assets are also taken into account when calculating its NIIP.[2] Note that commodities, as well as currencies tend to follow cyclical patterns, whereby they undergo significant valuation changes, of which is reflected in NIIP.

A country's international investment position (IIP) is a financial statement setting out the value and composition of that country's external financial assets and liabilities. A positive NIIP value indicates a nation is a creditor nation, while a negative value indicates it is a debtor nation. The USA, as recently as 1960 the world's largest creditor, has now become the world's largest debtor, and since the 1980s, Japan has replaced USA as the world's largest creditor nation.

List of countries by net international investment position[edit]

Country Date GDP Date NIIP Date NIIP in % GDP
 Hong Kong 2009 - 2009 - 2009 +353.1[3]
 Singapore 2010 303.652 bil. S$[4] 2010 +680.877 bil. S$[5] 2010 +224.2
 Luxembourg 2008 39.640 bil. [6] 2008 +33.524 bil. [7] 2013 +216.4[8]
 Taiwan 2010 430.580 bil. $[9] 2010 +659.915 bil. $[10] 2010 +153.3
  Switzerland 2010 546.245 bil. CHF[11] 2010 +743.704 bil. CHF[12] 2010 +136.1[12]
 Norway 2010 2496.178 bil. kr[13] 2010 +2,390.972 bil. kr[13] 2010 +95.8
 Japan 2009 470,936.600 bil. ¥[14] 2009 +266,223.000 bil. ¥[3] 2009 +56.1[3]
 Malta 2009 5.851 bil. [15] 2009 +0.793 bil. [16] 2012 +72.1[8]
 Belgium 2010 350.952 bil. [17] 2010 +243.000 bil. [18] 2013 +48.8[8]
 Venezuela 2012 $338 bil $[19] 2012 159.63 bil. $[20] 2012 +47.2
 Germany 2009 2397.100 bil. [21] 2009 +895.000 bil. [22] 2013 +42.9[8]
 Denmark 2009 1659.700 bil. kr[23] 2009 +99.800 bil. kr[24] 2013 +38.5[8]
 People's Republic of China 2009 - 2009 - 2009 +37.1[3]
 Netherlands 2010 590.321 bil. [25] 2010 +173.147 bil. [26] 2013 +31.2[8]
 Russia 2008 - 2012 +137.956 bil. $[27] 2009 +17.9[3]
 Canada 2013 1893bilCAD[28] 2014 26.7bilCAD[29] 2009 +7.8[3]
 Finland 2010 180.295 bil. [30] 2010 +15.721 bil. [31] 2013 +6.3[8]
 South Korea 2014 1,449.494 bil. $[32] 2014 +81.9 bil. $[33] 2014 +5.6
 Israel 2010 213.147 bil. $[34] 2010 +0.922 bil. $[35] 2010 +0.04
 Austria 2010 284.002 bil. [36] 2010 +3.000 bil. [37] 2013 −0.2[8]
 Chile 2010 203.323 bil. $[38] 2010 -10.025 bil. $[39] 2010 −4.9
 Euro symbol.svg Eurozone 2014 10,378 bil. [40] 2014 -0.934 bil. [40] 2014 −9.0[40]
 Philippines 2009 161.196 bil. $[41] 2009 -16 bil. $[42] 2009 −10.2
 India 2010 1537 bil. $[43] 2010 -215 bil. $[44] 2010 −10.3
 France 2009 1907.246 bil. [45] 2009 -317.3 bil. [46] 2012 −15.6[8]
 Sweden 2010 3285.539 bil. kr[47] 2010 -729.000 bil. kr[48] 2013 −18.4[8]
 United Kingdom 2009 1394.989 bil. £[49] 2009 -182 bil. £[50] 2013 −23.8[8]
 United States 2013 17,089.600 bil. $[51] 2013 -4,577.5 bil. $[52] 2013 −26.8
 Italy 2010 1548.816 bil. [53] 2010 -376.700 bil. [54] 2013 −30.7[8]
 Indonesia 2011 878.198 bil. $[55] 2011 -318.995 bil. $[56] 2011 −36.3
 Mexico 2010 1039.121 bil. $[57] 2010 -379.249 bil. $[58] 2010 −36.5
 Brazil 2009 1600.841 bil. $[59] 2009 -600.795 bil. $[60] 2009 −37.5
 Kazakhstan 2009 113.620 bil. $[61] 2009 -43.314 bil. $[62] 2009 −38.1
 Slovenia 2010 36.061 bil. [63] 2010 -12.655 bil. [64] 2013 −38.2[8]
 Czech Republic 2013 - 2013 - 2013 −40.7[8]
 Turkey 2013 616.345 bil. $[65] 2009 -275.687 bil. $[66] 2009 −44.9
 Lithuania 2013 - 2013 - 2013 −46.4[8]
 Estonia 2010 14.500 bil. [67] 2010 -10.416 bil. [68] 2013 −47.2[8]
 Iceland 2012 - 2012 -1,042 bil. kr 2012 −61[69]
 Romania 2013 - 2013 - 2013 −62.4[8]
 Slovakia 2010 65.906 bil. [70] 2010 -43.763 bil. [71] 2013 −63.8[8]
 Australia 2011 1318.554 bil A$[72] 2011 -848.3 bil. $A[73] 2011 −64.3
 Latvia 2013 - 2013 - 2013 −65.1[8]
 Poland 2010 1412.784 bil. zl[74] 2010 -890.652 bil. zl[75] 2013 −68.0[8]
 New Zealand 2013 212 bil. NZ$[76] 2013 -146.7 bil. NZ$[77] 2013 −69.3
 Bulgaria 2013 - 2013 - 2013 −77.9[8]
 Hungary 2013 - 2013 - 2013 −84.4[8]
 Croatia 2013 - 2013 - 2013 −88.4[8]
 Spain 2010 1062.591 bil. [78] 2010 -925.600 bil. [79] 2013 −92.6[8]
 Ireland 2009 160.596 bil. [80] 2009 -157.075 bil. [81] 2013 −102.1[8]
 Portugal 2009 168.586 bil. [82] 2009 -184.017 bil. [83] 2013 −116.2[8]
 Greece 2012 193.749 bil. [84] 2012 -210.262 bil. [85] 2013 −121.1[8]
 Cyprus 2012 17,979.3 bil. [84] 2012 -15.683 bil. [86] 2013 −156.8[8]

Net International Investment Position in absolute terms; OECD Countries, 2013[edit]

Country NIIP 2013 (Million USD)[87]
 Australia -743,491.296
 Austria -801.215
 Belgium 225,394.507
 Canada 21,369.646
 Chile -39,232.601
 Czech Republic -83,668.991
 Denmark 134,386.857
 Estonia -12,172.412
 Finland 40,386.115
 France -433,000.527
 Germany 1,660,000.721
 Greece -303,565.639
 Hungary -116,826.028
 Iceland -65,738.588
 Ireland -238,602.533
 Israel 62,603.906
 Italy -643,874.027
 Japan 3,086,000.434
 South Korea -37,239.813
 Luxembourg 134,864.862
 Mexico -499,229.861
 Netherlands 377,108.478
 New Zealand -119,321.523
 Norway 644,904.335
 Poland -375,092.140
 Portugal -272,246.862
 Slovakia -65,279.296
 Slovenia -19,038.284
 Spain -1,389,621.918
 Sweden -107,907.116
  Switzerland 839,137.307
 Turkey -394,232.765
 United Kingdom -68,000.013
 United States -5,382,000.997

See also[edit]

References[edit]

  1. ^ Bivens, L. Josh (December 14, 2004). "Debt and the dollar: The United States damages future living standards by borrowing itself into a deceptively deep hole". Epinet.org. Retrieved 2009-06-28. 
  2. ^ Ministry of Economic and Finance of Argentina International Investment Position Methodology page.1
  3. ^ a b c d e f Bank of Japan Japan’s International Investment Position at Year-End 2009 page. 10, Table 5
  4. ^ IMF World Economic Outlook Database, April 2011 Singapore, GDP 2010 at current prices, in national currency
  5. ^ Singapore Official Statistics IMF Special Data Dissemination Standard - Economic and Financial Data for Singapore
  6. ^ IMF World Economic Outlook Database, April 2011 Luxembourg, GDP 2008 at current prices, in national currency
  7. ^ Central Bank of Luxembourg International Investment Position of Luxembourg: Summary
  8. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab "Net international investment position in % of GDP - annual data; code: tipsii10". Eurostat. Retrieved March 21, 2015. 
  9. ^ IMF World Economic Outlook Database, April 2011 Taiwan Province of China, GDP 2010 at current prices, in US$
  10. ^ Central Bank of the Republic of China International Investment Position (End-Period-Stocks) page. 1
  11. ^ IMF World Economic Outlook Database, April 2011 Switzerland, GDP 2010 at current prices, in national currency
  12. ^ a b Swiss National Bank Switzerland’s international investment position – overview
  13. ^ a b Statistics Norway International Investment Position, 2010
  14. ^ IMF World Economic Outlook Database, April 2011 Japan, GDP 2009 at current prices, in national currency
  15. ^ IMF World Economic Outlook Database, April 2011 Malta, GDP 2009 at current prices, in national currency
  16. ^ National Statistics Office, Malta International Investment Position of Malta: June 2010 p. 2, Table 1 (December 2009)
  17. ^ IMF World Economic Outlook Database, April 2011 Belgium, GDP 2010 at current prices, in national currency
  18. ^ National Bank of Belgium Belgium: Economic and financial data – External Sector Assets:1.861 billion EUR; Liabilities:1.618 billion EUR; Net:243 billion EUR
  19. ^ CIA Country profile
  20. ^ Banco de Venezuela Posicion de inversion internacional
  21. ^ IMF World Economic Outlook Database, April 2011 Germany, GDP 2009 at current prices, in national currency
  22. ^ Bundesbank Press Release – Germany’s international investment position at the end of 2009 page.1
  23. ^ Ministry of Finance, Denmark Economic Survey May 2010 – English Summary page. 11, Table 1.4
  24. ^ Ministry of Finance, Denmark Economic Survey May 2010 – English Summary page. 14, Table 1.5
  25. ^ IMF World Economic Outlook Database, April 2011 Netherlands, GDP 2010 at current prices, in national currency
  26. ^ De Nederlandsche Bank T12.10 – Dutch external assets (International Investment Position (Yearly/Quarterly)
  27. ^ Международная инвестиционная позиция Российской Федерации в 2001-2012 гг.:
  28. ^ "Gross Domestic Product, Expenditure-Based"
  29. ^ "The world's newest creditor nation: Canada "
  30. ^ IMF World Economic Outlook Database, April 2011 Finland, GDP 2010 at current prices, in national currency
  31. ^ Bank of Finland International investment position by investment type, EUR million Assets: 543.219 bil. €; Liabilities: 527.498 bil. €; Net: +15.721 bil. €
  32. ^ IMF World Economic Outlook Database, October 2014 Korea, GDP 2014 at current prices, in US$
  33. ^ Bank of Korea(BOK)International Investment Position (IIP) at the end of 2014 (preliminary)
  34. ^ IMF World Economic Outlook Database, April 2011 Israel, GDP 2010 at current prices, in US$
  35. ^ Bank of Israel International Investment Position (IIP) – January-December 2010
  36. ^ IMF World Economic Outlook Database, April 2011 Austria, GDP 2010 at current prices, in national currency
  37. ^ Oesterreichische Nationalbank International Investment Position – Summary – Total
  38. ^ IMF World Economic Outlook Database, April 2011 Chile, GDP 2010 at current prices, in US$
  39. ^ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
  40. ^ a b c European Central Bank International investment position of the euro area
  41. ^ IMF World Economic Outlook Database, April 2011 Philippines, GDP 2009 at current prices, in US$
  42. ^ Banco Central do Brasil Philippines: International Investment Position
  43. ^ IMF World Economic Outlook Database, April 2011 India, GDP 2010 at current prices, in US$
  44. ^ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of March (In India the fiscal year ends in March)
  45. ^ IMF World Economic Outlook Database, April 2011 France, GDP 2009 at current prices, in national currency
  46. ^ Banque de France 2009 Annual Report – The French balance of payments and international investment position page. 48, Table T3-1
  47. ^ IMF World Economic Outlook Database, April 2011 Sweden, GDP 2010 at current prices, in national currency
  48. ^ Statistics Sweden International Investment Position (IIP) Table 1
  49. ^ IMF World Economic Outlook Database, April 2011 UK, GDP 2009 at current prices, in national currency
  50. ^ Office for National Statistics UK The UK’s international investment position page. 26, Table 1
  51. ^ Department of Commerce – Bureau of Economic Analysis [1] US, GDP at current prices, in US$
  52. ^ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2013
  53. ^ IMF World Economic Outlook Database, April 2011 Italy, GDP 2010 at current prices, in national currency
  54. ^ Banca di Italia Balance of Payments and International Investment Position page. 9
  55. ^ IMF [2] Indonesia, GDP 2011 at current prices, in US$
  56. ^ Bank Indonesia
  57. ^ IMF World Economic Outlook Database, April 2011 Mexico, GDP 2010 at current prices, in US$
  58. ^ National Banco de México International Investment Position Final Position
  59. ^ IMF World Economic Outlook Database, April 2011 Brazil, GDP 2009 at current prices, in US$
  60. ^ Banco Central do Brasil Historical Series of the International Investment Position
  61. ^ IMF World Economic Outlook Database, April 2011 Kazakhstan, GDP 2009 at current prices, in US$
  62. ^ The National Bank of Kazakhstan INTERNATIONAL INVESTMENT POSITION OF KAZAKHSTAN (31.12.09)
  63. ^ IMF World Economic Outlook Database, April 2011 Slovenia, GDP 2010 at current prices, in national currency
  64. ^ Banka Slovenije International investment position of Slovenia - Summary (31 December 2010)
  65. ^ EUROSTAT [3] Turkey, GDP 2013 at current prices, in US$
  66. ^ Central Bank of the Republic of Turkey International Investment Position: External Assets and Liabilities at the End of Period
  67. ^ Bank of Estonia 3. Annual indicators of Estonian economy GDP 2010, current prices (EUR m)
  68. ^ Bank of Estonia International investment position (EUR m), short version (12/31/2010)
  69. ^ "Iceland’s underlying external position and balance of payments" (PDF). Central Bank of Iceland. March 2013. 
  70. ^ IMF World Economic Outlook Database, April 2011 Slovakia, GDP 2010 at current prices, in national currency
  71. ^ National Bank of Slovakia International Investment Position for Slovakia for 2010 (Net 2010 Q4)
  72. ^ Australian Bureau of Statistics 1345.0 - Key Economic Indicators, 2011
  73. ^ Australian Bureau of Statistics 5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2011
  74. ^ IMF World Economic Outlook Database, April 2011 Poland, GDP 2010 at current prices, in national currency
  75. ^ National Bank of Poland Poland: International Investment Position
  76. ^ IMF [4] New Zealand, GDP 2013 at current prices, in national currency
  77. ^ Statistics New Zealand Balance Of Payments and International Investment Position: March 2013 quarter – Hot Off the Press p.10, Net IIP at 31 March 2013
  78. ^ IMF World Economic Outlook Database, April 2011 Spain, GDP 2010 at current prices, in national currency
  79. ^ Banco de España Chapter 3 – The Financial Account and International Investment Position in 2010 page. 45, Table 3.2
  80. ^ Central Statistics of Ireland Quarterly National Accounts – Quarter 1 2011 page.2, Table 1
  81. ^ Central Statistics of Ireland International Investment Position – 31 December 2009 page. 3, Table 1
  82. ^ Banco de Portugal Quarterly National Accounts Table H.0.1
  83. ^ Central Statistics of Portugal Economic and Financial Data for Portugal August 2011
  84. ^ a b "GDP and main components - Current prices [nama_gdp_c]". Eurostat. May 18, 2013. Retrieved May 23, 2013. 
  85. ^ "International Investment Position". Bank of Greece. Retrieved 23 May 2013. 
  86. ^ "International Investment Position, Annual Data, 2011 (provisional)". Central Bank of Cyprus. October 23, 2012. Retrieved May 23, 2013. 
  87. ^ "IMF Balance of Payments Statistics". Retrieved April 12, 2015. 

External links[edit]

Statistics[edit]