Net international investment position

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US Net International Investment Position

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 2014 2,253.000 bil. HK$ 2014 +6,398.765 bil. HK$ 2014 +284.0[3]
 Singapore 2014 390.089 bil. S$[4] 2014 +710.039 bil. S$[5] 2014 +182.0
 Norway 2014 3,149.681 bil. kr[6] 2014 +5,383.157 bil. kr[6] 2014 +170.9
 Taiwan 2010 430.580 bil. $[7] 2010 +659.915 bil. $[8] 2010 +153.3
  Switzerland 2014 642.256 bil. CHF[9] 2014 +768.343 bil. CHF[10] 2014 +119.6
 Saudi Arabia 2014 2,798.432 bil. sr[11] 2014 +2,982.164 bil. sr[12] 2014 +106.6
 Japan 2014 490,599.000 bil. ¥[13] 2014 +366,856.000 bil. ¥[14] 2014 +74.8
 Netherlands 2014 662.770 bil. [15] 2014 +421.278 bil. [16] 2014 +64.3[17]
 Belgium 2014 402.027 bil. [15] 2014 +199.930 bil. [16] 2014 +49.7[17]
 Malta 2014 7.912 bil. [15] 2014 +3.544 bil. [16] 2014 +44.5[17]
 Luxembourg 2014 49.243 bil. [15] 2014 +20.761 bil. [16] 2014 +42.0[17]
 Denmark 2014 1,919.192 bil. kr[18] 2013 +728.010 bil. kr[16] 2013 +38.5[17]
 Germany 2014 2,903.790 bil. [15] 2014 +1,055.879 bil. [16] 2014 +36.4[17]
 Venezuela 2014 509.964 bil. $[19] 2014(Q3) +155.667 bil. $[20] 2014 +30.5
 Israel 2014 304.226 bil. $[19] 2014 +64.700 bil. $[21] 2014 +21.3
 People's Republic of China 2014 10,360.105 bil.$[22] 2014 1,776.400 bil. $[23] 2014 +17.1
 Russia 2014 1,860.598 bil. $[19] 2014 +310.980 bil. $[24] 2014 +16.7
 Argentina 2014 540.197 bil. $[19] 2014 +76.821 bil. $[25] 2014 +14.2
 Nigeria 2014 568.508 bil. $[19] 2014 +60.459 bil. $[26] 2014 +10.6
 Canada 2014 1,991.596 bil. CAD[27] 2014 +137.173 bil.CAD[28] 2014 +6.9
 South Korea 2014 1,410.383 bil. $[19] 2014 +81.900 bil. $[29] 2014 +5.8
 Austria 2014 329.296 bil. [15] 2014 +8.669 bil. [16] 2014 +2.6[17]
 Finland 2014 205.178 bil. [15] 2014 +0.831 bil. [16] 2014 +0.4[17]
 Sweden 2014 3,914.704 bil. kr[18] 2014 -13.393 bil. kr[16] 2014 −0.3[17]
 Euro symbol.svg Eurozone 2014 10,103.473 bil. [15] 2014 -1,285.600 bil. [30] 2014 −12.7[30]
 Chile 2014 258.062 bil. $[19] 2014 -35.651 bil. $[31] 2014 −13.8
 Philippines 2014 284.582 bil. $[19] 2014 -40.700 bil. $[32] 2014 −14.3
 Kazakhstan 2014 231.876 bil. $[19] 2014 -35.201 bil. $[33] 2014 −15.2
 India 2014 2,066.902 bil. $[19] 2014 -353.674 bil. $[34] 2014 −17.1
 France 2014 2,132.449 bil. [15] 2014 -418.373 bil. [16] 2014 −19.5[17]
 United Kingdom 2014 1,791.934 bil. £[18] 2014 -444.537 bil. £[16] 2014 −24.8[17]
 Italy 2014 1616.254 bil. [15] 2014 -447.864 bil. [16] 2014 −27.7[17]
 Brazil 2014 2,346.118 bil. $[19] 2014 -776.537 bil. $[35] 2014 −33.1
 Mexico 2014 1,282.720 bil. $[19] 2014 -426.553 bil. $[36] 2014 −33.3
 Czech Republic 2014 4,260.886 CZK[18] 2014 -1,520.244 bil. CZK[16] 2014 −35.6[17]
 United States 2014 17,703.700 bil. $[37] 2014 -7,019.700 bil. $[38] 2014 −39.7
 Estonia 2014 19.525 bil. [15] 2014 -8.520 bil. [16] 2014 −43.6[17]
 Slovenia 2014 37.246 bil. [15] 2014 -16.259 bil. [16] 2014 −43.7[17]
 Lithuania 2014 36.309 bil. [15] 2014 -16.046 bil. [16] 2014 −44.2[17]
 Indonesia 2014 888.538 bil. $[19] 2014 -419.770 bil. $[39] 2014 −47.2
 Turkey 2014 799.534 bil. $[19] 2014 -437.029 bil. $[40] 2014 −54.7
 Australia 2014 1,558.586 bil A$[41] 2014 -866.700 bil. $A[42] 2014 −55.6
 Romania 2014 666.637 bil. RON[18] 2014 -382.594 bil. RON[16] 2014 −57.1[17]
 Latvia 2014 24.060 bil. [15] 2014 -14.730 bil.[16] 2014 −61.2[17]
 New Zealand 2013 237.769 bil. NZ$[43] 2014 -154.592 bil. NZ$[44] 2014 −65.0
 Poland 2014 1,728.676 bil. zl[18] 2014 -1,162.792 bil. zl[16] 2014 −67.4[17]
 Slovakia 2014 75.215 bil. [15] 2014 -52.654 bil. [16] 2014 −70.0[17]
 Bulgaria 2014 82.164 bil. BGN[18] 2014 -59.429 bil. BGN[16] 2014 −72.3[17]
 Hungary 2014 31,863.969 bil.HUF[18] 2014 -23,929.899 bil.HUF[16] 2014 −75.0[17]
 Croatia 2014 -328.927 bil. HRK[18] 2014 -291.495 bil. HRK[16] 2014 −88.6[17]
 Spain 2014 1058.469 bil. [15] 2014 -999.948 bil. [16] 2014 −94.5[17]
 Ireland 2014 185.412 bil. [15] 2014 -197.878 bil. [16] 2014 −106.7[17]
 Portugal 2014 173.044 bil. [15] 2014 -193.075 bil. [16] 2014 −111.6[17]
 Greece 2014 179.081 bil. [15] 2014 -218.273 bil. [16] 2014 −121.9[17]
 Cyprus 2014 17.506 bil. [15] 2014 -28.899 bil. [16] 2014 −165.1[17]
 Iceland 2014 1,993.336 bil. kr[45] 2014 -7,936.987 bil. kr[46] 2014 −398.2[47]

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

Country NIIP 2013 (Million USD)[48]
 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. ^ Census and Statistics Department Hongkong International Investment Position at Year-End 2014
  4. ^ Singapore Statistical Office Singapore, GDP 2014 at current prices, in national currency
  5. ^ Singapore Official Statistics Economic and Financial Data for Singapore
  6. ^ a b Statistics Norway GDP National Accounts, current
  7. ^ IMF World Economic Outlook Database, April 2011 Taiwan Province of China, GDP 2010 at current prices, in US$
  8. ^ Central Bank of the Republic of China International Investment Position (End-Period-Stocks) page. 1
  9. ^ BFS Gross Domestic Product (GDP) - Data, indicators, March 2015 Switzerland, GDP 2014 at current prices, in national currency
  10. ^ Swiss National Bank [1] Balance of Payments and International Investment Position
  11. ^ Saudi Arabian Monetary Agency National Accounts, current GDP in Riyal
  12. ^ Saudi Arabian Monetary Agency International Investment Position, 2014 (preliminary)
  13. ^ Bank of Japan [2] Japan, GDP at current prices, in national currency, p. 41
  14. ^ Bank of Japan [3] Japan’s International Investment Position at Year-End 2014
  15. ^ a b c d e f g h i j k l m n o p q r s t Eurostat [4] GDP at market prices
  16. ^ 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 national currency units - annual data; code: tipsii10". Eurostat. Retrieved August 27, 2015. 
  17. ^ 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 August 27, 2015. 
  18. ^ a b c d e f g h i Eurostat GDP in national currency [5] UK, GDP 2014 at current prices
  19. ^ a b c d e f g h i j k l m n World Bank [6] World Development Indicators
  20. ^ Banco de Venezuela [www.bcv.org.ve/Upload/Comunicados/aviso301214.pdf Resultados de la Economía durante el año 2014 ]
  21. ^ Bank of Israel International Investment Position (IIP) – End of 2014
  22. ^ World Bank [7] World Development Indicators: Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  23. ^ State Administration of Foreign Exchange, China [8] The time-series data of International Investment Position of China
  24. ^ Central Bank of Russia
  25. ^ Instituto Nacional de Estadistica y Censos Posición de Inversión International Argentina
  26. ^ Central Bank of Nigeria 2014 Statictical bulletin - External Sector Statistics (table D 2.2.2)
  27. ^ http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/dsbbcan-eng.htm: "Canada's Gross Domestic Product, 2014, current prices"]
  28. ^ "Canada's net international investment position"
  29. ^ Bank of Korea(BOK)International Investment Position (IIP) at the end of 2014 (preliminary)
  30. ^ a b European Central Bank International investment position of the euro area
  31. ^ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
  32. ^ Philstar International Investment Position
  33. ^ The National Bank of Kazakhstan [9] accessed: August 27.2015
  34. ^ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of 2014
  35. ^ Banco Central do Brasil Historical Series of the International Investment Position
  36. ^ National Banco de México International Investment Position Final Position 2014
  37. ^ Department of Commerce – Bureau of Economic Analysis [10] US, GDP at current prices, in US$
  38. ^ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2014
  39. ^ Indunesia's International Investment Position
  40. ^ Central Bank of the Republic of Turkey International Investment Position Turkey
  41. ^ Australian Bureau of Statistics - Key Economic Indicators, Table 36
  42. ^ Australian Bureau of Statistics - Balance of Payments and International Investment Position, Australia
  43. ^ Reserve Bank of New Zealand [11] Economic Indivators GDP at current prices Q1-Q42014, in national currency
  44. ^ Reserve Bank of New Zealand Balance Of Payments and International Investment Position: Q4 2014 Net IIP at 31 December 2014
  45. ^ Statisics Iceland
  46. ^ Central Bank of Iceland
  47. ^ Central Bank of Iceland [12] As of Q1 2015 Excluding the financial institutions undergoing winding-up proceedings, assets totalled 4,042 b.kr. and liabilities 4,031 b.kr., yielding a positive net balance of 12 b.kr. Net liabilities declined by 122 b.kr. between quarters.
  48. ^ "IMF Balance of Payments Statistics". Retrieved April 12, 2015. 

External links[edit]

Statistics[edit]