Net international investment position

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US Net International Investment Position

The Net international investment position (NIIP) is the difference between the external financial assets and liabilities of a country.[1] External debt of a country includes government debt and private debt. Publicly and privately held external assets by a country's legal residents are also taken into account when calculating its NIIP.[2] Please note that commodities and currencies tend to follow a cyclical pattern by undergoing significant valuation changes, which is also reflected in NIIP.

The International investment position (IIP) of a country is a financial statement of the value and composition of its external financial assets and liabilities. A positive NIIP value indicates that a nation is a creditor nation, while a negative value indicates that it is a debtor nation.

History[edit]

The US was the world's largest creditor until the 1960s. However, over the last few decades, the US has become the world's largest debtor[citation needed]. Since the 1980s, Japan replaced the USA as the world's largest creditor nation[citation needed]. With the ascent of the Hong Kong Monetary Authority's credit position since 2015, China (including Hong Kong and Macau) and Japan have been competing for the top creditor position.

U.S. Net International Investment Position over time through third quarter of 2018

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)

 Albania 2020 14,034 2020Q2 -8,026 2019 −52.1
 Argentina 2020 382,760 2020Q2 +120,436 2019 26.3
 Armenia 2020 12,813 2020Q2 -10,228 2019 −73.1
 Australia 2020 1,334,688 2020Q2 -624,944 2019 −45.5
 Austria 2020 432,894 2020Q2 +54,146 2019 9.6[5]
 Bangladesh 2020 317,768 2020Q2 -42,674 2019 −13.5
 Belarus 2020 57,708 2020Q2 -31,537 2019 −51.2
 Belgium 2020 503,416 2020Q2 +227,642 2019 47.2[5]
 Bhutan 2020 2,587 2019 -2,527 2019 −88.9
 Brazil 2020 1,363,767 2020Q2 -393,341 2019 −39.6
 Bulgaria 2020 67,917 2020Q2 -19,519 2019 −31.6[5]
 Cambodia 2020 26,316 2020Q2 -21,751 2019 −98.5
 Canada 2020 1,600,264 2020Q2 +808,769 2019 44.5
 Chile 2020 245,414 2020Q2 -39,497 2018 −23.6
 Democratic Republic of the Congo 2020 46,062 2018 -19,779 2018 −42.0
 Colombia 2020 264,933 2020Q2 -162,746 2019 −51.7
 People's Republic of China 2020 15,222,155 2020Q2 +2,199,680 2019 15.0
 Croatia 2020 56,768 2020Q1 -29,435 2019 −51.0[5]
 Cyprus 2020 23,246 2020Q2 -30,258 2019 −116.0[5]
 Czech Republic 2020 241,975 2020Q2 -31,898 2019 −20.7[5]
 Denmark 2020 339,626 2020Q2 +229,025 2019 78.1[5]
 Egypt 2020 361,875 2020Q1 -193,845 2019 −62.2
 Estonia 2020 30,468 2020Q2 -6,089 2019 −19.7[5]
 Finland 2020 267,856 2020Q2 -2,215 2019 1.7[5]
 France 2020 2,551,451 2020Q2 -666,355 2019 −23.3[5]
 Germany 2020 3,780,553 2020Q2 +2,707,614 2019 71.2[5]
 Greece 2020 194,376 2020Q2 -319,359 2019 −150.6[5]
 Hong Kong 2020 341,319 2020Q2 +1,735,264 2019 419.1
 Hungary 2020 149,939 2020Q2 -61,421 2019 −47.9[5]
 Iceland 2020 20,805 2020Q2 +6,050 2019(Q1) 21[6]
 India 2020 2,592,583 2020Q2 -351,388 Dec. 2019 −15.9[7]
 Indonesia 2020 1,088,768 2020Q2 −280,840 2019 −30.4
 Ireland 2020 399,064 2020Q2 -710,834 2019 −172.0[5]
 Israel 2020 383,425 2020Q2 +165,669 2019 41.0
 Italy 2020 1,848,222 2020Q2 -28,259 2019 −1.7[5]
 Japan 2020 4,910,580 2020Q2 +3,592,880 2019 66.6
 Kazakhstan 2020 165,730 2020Q2 -64,780 2019 −36.2
 Kuwait 2020 108,656 2019 +115,211 2019 83.7
 Latvia 2020 33,015 2020Q2 -13,503 2019 −44.1[5]
 Lithuania 2020 55,064 2020Q2 -10,997 2019 −23.7[5]
 Luxembourg 2020 68,613 2020Q2 +40,525 2019 50.9[5]
 Malaysia 2020 336,330 2019 -10,784 2019 −3.0
 Malta 2020 14,290 2020Q2 +8,515 2019 62.7[5]
 Mexico 2020 1,040,372 2020Q1 -522,871 2019 −51.4
 Mongolia 2020 13,385 2020Q2 -36,478 2019 −262.8
 Montenegro 2020 4,943 2018 -9,044 2018 −178.8
 Mozambique 2020 14,557 2020Q2 -58,229 2018 −365.2
 Netherlands 2020 886,339 2020Q2 +918,631 2019 89.2[5]
 New Zealand 2020 193,545 2020Q2 -115,706 2019 −56.2
 Nicaragua 2020 11,905 2020Q1 -14,696 2019 −119.9
 Nigeria 2020 442,976 2018 -82,598 2018 −20.7
 Norway 2020 366,386 2020Q2 +951,232 2019 238.6
 Pakistan 2019 276,114 2020Q2 -117,140 2019 −45.4
 Panama 2020 60,286 2020Q1 -66,457 2019 −96.3
 Peru 2020 195,761 2020Q2 -86,078 2018 −37.4
 Philippines 2020 367,362 2020Q2 -14,971 2019 −9.8
 Poland 2020 580,894 2020Q2 -260,894 2019 −50.0[5]
 Portugal 2020 221,716 2020Q2 -237,403 2019 −100.8[5]
 Romania 2020 248,624 2020Q2 -105,115 2019 −43.4[5]
 Russia 2020 1,464,078 2020Q2 +480,438 2019 21.8
 Saudi Arabia 2020 680,897 2020Q2 +618,879 2019 87.6
 Serbia 2020 51,999 2020Q2 -47,061 2019 −88.5
 Singapore 2020 337,451 2020Q2 +894,933 2019 247.0
 Slovakia 2020 101,892 2020Q2 -69,626 2019 −65.5[5]
 Slovenia 2020 51,802 2020Q2 -9,155 2019 −19.3[5]
 South Africa 2020 282,588 2020Q2 +116,709 2019 8.0
 South Korea 2020 1,586,786 2020Q2 +552,082 2019 30.7
 Spain 2020 1,247,464 2020Q2 -1,017,196 2019 −74.0[5]
 Sudan 2020 32,576 2018 -85,180 2018 −248.5
 Sweden 2020 529,054 2020Q2 +93,228 2019 20.9[5]
  Switzerland 2020 707,868 2020Q2 +819,015 2019 117.2
 Taiwan 2020 635,547 2019 +1,342,780[8] 2019 219.9
 Thailand 2020 509,200 2020Q2 +42,407 2019 −1.8
 Tunisia 2020 39,226 2018 -57,117 2018 −143.2
 Turkey 2020 649,436 2020Q2 -341,702 2019 −47.3
 Uganda 2020 37,733 2019 -18,640 2019 −60.8
 Ukraine 2020 142,250 2020Q2 -20,260 2019 −13.8
 United Kingdom 2020 2,638,296 2020Q2 -606,035 2019 −25.2[5]
 United States 2020Q2 19,520,000[9] 2020Q2 -13,045,854 2020Q2 −66.8
 Zambia 2020 18,909 2020Q1 -28,486 2019 −116.5

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. ^ "Report for Selected Country Groups and Subjects". International Monetary Fund.
  4. ^ "IMF Data". data.imf.org. Retrieved 27 August 2020.
  5. ^ 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 6 May 2020.
  6. ^ Central Bank of Iceland [1]
  7. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2019-09-04.
  8. ^ Central Bank of the Republic of China (Taiwan) [2]
  9. ^ "Gross Domestic Product, 2nd Quarter 2020 (Third Estimate)", Bureau of Economic Analysis.

External links[edit]

Statistics[edit]