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 2010 303.652 bil. S$[4] 2010 +680.877 bil. S$[5] 2010 +224.2
 Luxembourg 2014 49.243 bil. [6] 2014 +20.671 bil. [7] 2013 +34.2[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 2,496.178 bil. kr[13] 2010 +2,390.972 bil. kr[13] 2010 +95.8
 Japan 2014 490,599.000 bil. ¥[14] 2014 +366,856.000 bil. ¥[15] 2014 +74.8
 Malta 2014 7.912 bil. [6] 2014 +2.979 bil. [7] 2014 +37.4[8]
 Belgium 2014 402.027 bil. [6] 2014 +219.884 bil. [7] 2014 +54.7[8]
 Venezuela 2012 $338.000 bil. $[16] 2012 159.63 bil. $[17] 2012 +47.2
 Germany 2014 2,903.790 bil. [6] 2014 +1,056.233 bil. [7] 2014 +36.4[8]
 Denmark 2014 1,919.192 bil. kr[18] 2013 +728.010 bil. kr[7] 2013 +38.5[8]
 People's Republic of China 2014 10,360.105 bil.$[19] 2014 1,776.400 bil. $[20] 2014 +17.1
 Netherlands 2014 662.770 bil. [6] 2014 +431.195 bil. [7] 2014 +65.8[8]
 Russia 2014 1,860.598 bil. $[21] 2014 +310.980 bil. $[22] 2014 +16.7
 Canada 2013 1,893.759 bil. CAD[23] 2013 -259.737 bil.CAD[24] 2013 −13.7
 Finland 2014 205.178 bil. [6] 2014 +0.831 bil. [7] 2014 +0.4[8]
 South Korea 2014 1,449.494 bil. $[25] 2014 +81.9 bil. $[26] 2014 +5.6
 Israel 2010 213.147 bil. $[27] 2010 +0.922 bil. $[28] 2010 +0.04
 Austria 2014 329.296 bil. [6] 2014 +7.049 bil. [7] 2014 +2.1[8]
 Chile 2010 203.323 bil. $[29] 2010 -10.025 bil. $[30] 2010 −4.9
 Euro symbol.svg Eurozone 2014 10,103.473 bil. [6] 2014 -1.285,6 bil. [31] 2014 −12.7[31]
 Philippines 2009 161.196 bil. $[32] 2009 -16 bil. $[33] 2009 −10.2
 India 2014 2,066.902 bil. $[34] 2014 -353.674 bil. $[35] 2014 −17.1
 France 2014 2,132.449 bil. [6] 2014 -350.634 bil. [7] 2014 −16.4[8]
 Sweden 2014 3,914.704 bil. kr[18] 2014 -156.423 bil. kr[7] 2013 −4.0[8]
 United Kingdom 2014 1,791.934 bil. £[18] 2014 -350.675 bil. £[7] 2014 −19.6[8]
 United States 2014 17,703.700 bil. $[36] 2014 -7,019.7 bil. $[37] 2014 −39.7
 Italy 2014 1616.254 bil. [6] 2014 -447.864 bil. [7] 2014 −27.7[8]
 Indonesia 2011 878.198 bil. $[38] 2011 -318.995 bil. $[39] 2011 −36.3
 Mexico 2014 1,282.720 bil. $[40] 2014 -426.553 bil. $[41] 2014 −33.3
 Brazil 2014 2,346.118 bil. $[42] 2014 -776.537 bil. $[43] 2014 −33.1
 Kazakhstan 2009 113.620 bil. $[44] 2009 -43.314 bil. $[45] 2009 −38.1
 Slovenia 2014 37.246 bil. [6] 2014 -16.666 bil. [7] 2014 −44.7[8]
 Czech Republic 2014 4,260.886 CZK[18] -1,520.244 bil. CZK[7] 2014 −35.6[8]
 Turkey 2013 616.345 bil. $[46] 2009 -275.687 bil. $[47] 2009 −44.9
 Lithuania 2014 36.309 bil. [6] -16.046 bil. [7] 2014 −44.2[8]
 Estonia 2014 19.525 bil. [6] 2014 -8.032 bil. [7] 2014 −41.1[8]
 Iceland 2012 - 2012 -1,042 bil. kr 2012 −61[48]
 Romania 2014 666.637 bil. RON[18] -382.594 bil. RON[7] 2014 −57.1[8]
 Slovakia 2014 75.215 bil. [6] 2014 -52.654 bil. [7] 2014 −70.0[8]
 Australia 2011 1318.554 bil A$[49] 2011 -848.3 bil. $A[50] 2011 −64.3
 Latvia 2014 24.060 bil. [6] -14.730 [7] 2014 −61.2[8]
 Poland 2014 1,728.676 bil. zl[18] 2014 -1,162.792 bil. zl[7] 2014 −67.4[8]
 New Zealand 2013 212 bil. NZ$[51] 2013 -146.7 bil. NZ$[52] 2013 −69.3
 Bulgaria 2014 82.164 bil. BGN[18] -59.429 bil. BGN[7] 2014 −72.3[8]
 Hungary 2014 31,863.969 bil.HUF[18] -23,815.143 bil.HUF[7] 2014 −74.7[8]
 Croatia 2014 -328.927 bil. HRK[18] -292.331 HRK[7] 2013 −88.5[8]
 Spain 2014 1058.469 bil. [6] 2014 -989.666 bil. [7] 2014 −93.5[8]
 Ireland 2014 185.412 bil. [6] 2014 -180.726 bil. [7] 2014 −97.5[8]
 Portugal 2014 173.044 bil. [6] 2014 -193.075 bil. [7] 2014 −111.6[8]
 Greece 2014 179.081 bil. [6] -218.273 bil. [7] 2014 −121.9[8]
 Cyprus 2014 17.506 bil. [6] -28.899 bil. [7] 2014 −165.1[8]

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

Country NIIP 2013 (Million USD)[53]
 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. ^ 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. ^ a b c d e f g h i j k l m n o p q r s t Eurostat [1]GDP at market prices
  7. ^ 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 June 30, 2015. 
  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 June 30, 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. ^ Bank of Japan [2] Japan, GDP at current prices, in national currency, p. 41
  15. ^ Bank of Japan [3] Japan’s International Investment Position at Year-End 2014
  16. ^ CIA Country profile
  17. ^ Banco de Venezuela Posicion de inversion internacional
  18. ^ a b c d e f g h i Eurostat GDP in national currency [4] UK, GDP 2014 at current prices
  19. ^ World Bank [5]World Development Indicators: Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  20. ^ State Administration of Foreign Exchange, China [6]The time-series data of International Investment Position of China
  21. ^ World Bank [7]World Development Indicators
  22. ^ Central Bank of Russia [8]
  23. ^ "Canada's Gross Domestic Product"
  24. ^ "Canada's international investment position"
  25. ^ IMF World Economic Outlook Database, October 2014 Korea, GDP 2014 at current prices, in US$
  26. ^ Bank of Korea(BOK)International Investment Position (IIP) at the end of 2014 (preliminary)
  27. ^ IMF World Economic Outlook Database, April 2011 Israel, GDP 2010 at current prices, in US$
  28. ^ Bank of Israel International Investment Position (IIP) – January-December 2010
  29. ^ IMF World Economic Outlook Database, April 2011 Chile, GDP 2010 at current prices, in US$
  30. ^ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
  31. ^ a b European Central Bank International investment position of the euro area
  32. ^ IMF World Economic Outlook Database, April 2011 Philippines, GDP 2009 at current prices, in US$
  33. ^ Banco Central do Brasil Philippines: International Investment Position
  34. ^ World Bank [9]World Development Indicators
  35. ^ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of 2014
  36. ^ Department of Commerce – Bureau of Economic Analysis [10] US, GDP at current prices, in US$
  37. ^ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2014
  38. ^ IMF [11] Indonesia, GDP 2011 at current prices, in US$
  39. ^ Bank Indonesia
  40. ^ World Bank [12]World Development Indicators
  41. ^ National Banco de México International Investment Position Final Position 2014
  42. ^ World Bank [13]World Development Indicators
  43. ^ Banco Central do Brasil Historical Series of the International Investment Position
  44. ^ IMF World Economic Outlook Database, April 2011 Kazakhstan, GDP 2009 at current prices, in US$
  45. ^ The National Bank of Kazakhstan INTERNATIONAL INVESTMENT POSITION OF KAZAKHSTAN (31.12.09)
  46. ^ EUROSTAT [14] Turkey, GDP 2013 at current prices, in US$
  47. ^ Central Bank of the Republic of Turkey International Investment Position: External Assets and Liabilities at the End of Period
  48. ^ "Iceland’s underlying external position and balance of payments" (PDF). Central Bank of Iceland. March 2013. 
  49. ^ Australian Bureau of Statistics 1345.0 - Key Economic Indicators, 2011
  50. ^ Australian Bureau of Statistics 5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2011
  51. ^ IMF [15] New Zealand, GDP 2013 at current prices, in national currency
  52. ^ 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
  53. ^ "IMF Balance of Payments Statistics". Retrieved April 12, 2015. 

External links[edit]

Statistics[edit]