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 and regions by net international investment position[edit]

Countries and regions Date GDP[3]

(US$MM)

Date NIIP[4]

(US$MM)

Date NIIP

(%GDP)

 Hong Kong 2017 341,659 2016 +1,180,677 2016 +284.0[5]
 Taiwan 2017 579,302 2017 +1,180,824[6] 2017 +203.8
 Singapore 2017 323,902 2016 +635,296 2014 +182.0
 Norway 2017 396,457 2016 +732,542 2014 +170.9
  Switzerland 2017 678,575 2016 +839,313 2014 +119.6
 Saudi Arabia 2017 683,827 2016 +587,867 2014 +106.6
 Netherlands 2017 825,745 2016 +557,748 2016 +75.9[7]
 Japan 2017 4,872,135 2016 +3,067,264 2015 +63.8
 Denmark 2017 324,484 2016 +164,023 2016 +56.1[7]
 Germany 2017 3,684,816 2016 +1,797,290 2016 +54.4[7]
 Belgium 2017 494,733 2016 +219,992 2016 +49.5[7]
 Malta 2017 12,011 2016(Q3) +5,499 2016 +47.4[7]
 Israel 2017 350,609 2016 +106,051 2017 +43.3
 Venezuela 2017 210,085 2015 +134,450 2014 +30.5
 Luxembourg 2017 62,393 2016 +13,266 2016 +23.2[7]
 South Korea 2017 1,538,030 2016 +278,485 2016 +19.8
 Russia 2017 1,527,469 2016 +226,954 2016 +17.9
 Sweden 2017 538,575 2016 +80,567 2016 +16.7[7]
 People's Republic of China 2017 12,014,610 2016(Q3) +1,747,082 2016 +15.8
 Argentina 2017 637,717 2015 +52,581 2016 +10.2
 Finland 2017 253,244 2016 +16,133 2016 +7.1[7]
 Canada 2017 1,652,412 2016 +140,242 2014 +6.9
 Austria 2017 416,845 2016 +19,117 2016 +5.2[7]
 United Kingdom 2017 2,624,529 2016 +575,745 2016 −1.1[7]
 Nigeria 2017 376,284 2015 -63,264 2014 −10.6
 Euro symbol.svg Eurozone 2017 17,308,862 2016 -663,998 2014 −12.7[8]
 Philippines 2017 313,419 2016 -30,602 2014 −14.3
 Italy 2017 1,937,894 2016(Q3) -325,984 2016 −14.9[7]
 Kazakhstan 2017 160,839 2015(Q4) -41,894 2014 −15.2
 France 2017 2,583,560 2016 -370,149 2016 −15.8[7]
 India 2017 2,611,012 2016 -370,562 2016 −16.2
 Chile 2017 277,041 2016(Q3) -53,500 2016 −17.7
 Czech Republic 2017 213,189 2016 -45,850 2016 −24.9[7]
 Brazil 2017 2,054,969 2016 -716,566 2014 −33.1
 Mexico 2017 1,149,236 2016 -482,209 2014 −33.3
 Slovenia 2017 48,868 2016 -14,479 2016 −34.5[7]
 Estonia 2017 25,973 2016 -8,218 2016 −37.3[7]
 Lithuania 2017 47,263 2016 -17,631 2016 −43.3[7]
 United States 2017 19,390,600 2016 -8,109,652 2016 −43.4
 Indonesia 2017 1,015,411 2016 -320,958 2014 −47.2
 Romania 2017 211,315 2016 -82,858 2016 −49.6[7]
 Bulgaria 2017 56,943 2016(Q3) -27,030 2016 −51.3[7]
 Turkey 2017 849,480 2016 -356,149 2014 −54.7
 Australia 2017 1,379,548 2016 -738,897 2014 −55.6
 Slovakia 2017 95,938 2016 -49,609 2016 −58.1[7]
 Latvia 2017 30,319 2016 -15,341 2016 −58.2[7]
 Hungary 2017 152,284 2016 -70,222 2016 −58.9[7]
 Poland 2017 523,886 2016 -274,400 2016 −61.9[7]
 New Zealand 2017 201,486 2016(Q3) -120,159 2014 −64.7
 Croatia 2017 54,516 2016(Q3) -37,072 2016 −71.2[7]
 Spain 2017 1,313,951 2016 -1,005,677 2017 −80.8[7]
 Portugal 2017 218,064 2016 -204,712 2016 −105.1[7]
 Cyprus 2017 21,310 2016 -23,667 2016 −125.4[7]
 Greece 2017 200,690 2016 -253,097 2016 −136.5[7]
 Ireland 2017 333,994 2016 -519,308 2016 −185.3[7]
 Iceland 2017 23,909 2016 +233 2014 −398.2[9]

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. Archived from the original on January 20, 2008. Retrieved 2009-06-28.
  2. ^ Ministry of Economic and Finance of Argentina International Investment Position Methodology page.1
  3. ^ "World Economic Outlook Database". International Monetary Fund. 17 April 2018.
  4. ^ "IMF Data". data.imf.org. Retrieved 2018-08-18.
  5. ^ Census and Statistics Department Hongkong International Investment Position at Year-End 2014
  6. ^ Central Bank of the Republic of China (Taiwan) [1]
  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 % of GDP - annual data; code: tipsii10". Eurostat. Retrieved August 27, 2015.
  8. ^ European Central Bank International investment position of the euro area
  9. ^ Central Bank of Iceland [2] 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.

External links[edit]

Statistics[edit]