Net international investment position

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US Net International Investment Position

The net international investment position (NIIP) is the difference in the external financial assets and liabilities of a country.[1] External debt of a country includes government debt and private debt. External assets publicly and privately held by a country's legal residents are also taken into account when calculating NIIP.[2] Commodities and currencies tend to follow a cyclical pattern of 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 US 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 2021 17,138 2021Q1 -9,028 2019 −52.1
 Argentina 2021 418,150 2021Q1 +128,627 2019 26.3
 Armenia 2021 12,251 2021Q1 -10,124 2019 −73.1
 Australia 2021 1,617,543 2021Q1 -664,900 2021 −41.1
 Austria 2021 481,796 2021Q1 +58,662 2021Q1 13.4[5]
 Bangladesh 2021 352,908 2021Q1 -44,673 2019 −13.5
 Belarus 2021 60,725 2021Q1 -31,417 2021 −51.7
 Belgium 2021 578,996 2021Q1 +263,132 2021Q1 49.5[5]
 Bhutan 2021 2,480 2021Q1 -2,585 2021 −104.2
 Brazil 2021 1,491,772 2021Q1 -460,181 2019 −39.6
 Bulgaria 2021 77,782 2021Q1 -17,228 2021Q1 −24.0[5]
 Cambodia 2021 27,239 2021Q1 -25,658 2021 −94.2
 Canada 2021 1,883,487 2021Q1 +1,105,744 2021 58.7
 Chile 2021 307,938 2021Q1 -28,989 2021 −9.4
 Democratic Republic of the Congo 2021 55,088 2018 -19,779 2018 −42.0
 Colombia 2021 295,610 2021Q1 -171,915 2019 −51.7
 People's Republic of China 2021 16,642,318 2021Q1 +2,140,041 2021 12.9
 Croatia 2021 65,217 2020 -31,558 2021Q1 −50.0[5]
 Cyprus 2021 26,479 2021Q1 -35,545 2021Q1 −145.6[5]
 Czech Republic 2021 276,109 2021Q1 -24,507 2021Q1 −9.6[5]
 Denmark 2021 392,570 2021Q1 +278,307 2021Q1 76.3[5]
 Egypt 2021 394,284 2021Q1 -209,599 2021 −53.2
 Estonia 2021 35,187 2021Q1 -6,872 2021Q4 −12.2[5]
 Finland 2021 300,484 2021Q1 +24,303 2021Q4 −4.7[5]
 France 2021 2,938,271 2021Q1 -889,171 2021Q1 −32.7[5]
 Germany 2021 4,319,286 2021Q1 +3,055,922 2021Q1 78.4[5]
 Greece 2021 209,857 2021Q1 -352,272 2021Q1 −182.7[5]
 Hong Kong 2021 368,633 2021Q1 +2,163,155 2021 586.8
 Hungary 2021 176,543 2021Q1 -74,450 2021Q1 −47.8[5]
 Iceland 2021 24,155 2021Q1 +8,466 2019(Q1) 21[6]
 India 2021 3,049,704 2021 -379,300 March 2020 −14[7]
 Indonesia 2021 1,158,783 2021Q1 -268,597 2019 −30.4
 Ireland 2021 476,663 2020Q3 -705,962 2021Q1 −168.7[5]
 Israel 2021 446,708 2021Q1 +190,555 2021 42.7
 Italy 2021 2,106,287 2021Q1 +40,176 2021Q4 7.4[5]
 Japan 2021 5,378,136 2021Q1 +3,375,849 2021 62.8
 Kazakhstan 2021 187,836 2021Q1 -74,204 2019 −36.2
 Kuwait 2021 126,930 2020 +89,847 2019 69.7
 Latvia 2021 37,720 2021Q1 -11,806 2021Q1 −34.2[5]
 Lithuania 2021 62,198 2021Q1 -7,821 2021Q1 −13.5[5]
 Luxembourg 2021 84,077 2021Q1 +40,328 2021Q1 52.5[5]
 Malaysia 2021 387,093 2021Q1 +25,589 2020 5.9
 Malta 2021 16,476 2020Q3 +9,100 2021Q1 60.9[5]
 Mexico 2021 1,192,480 2021Q1 -586,528 2019 −51.4
 Mongolia 2021 14,233 2021Q1 -37,419 2021 −262.9
 Montenegro 2021 5,651 2018 -9,044 2018 −178.8
 Mozambique 2021 13,957 2021Q1 -59,996 2021 −429.9
 Netherlands 2021 1,012,598 2021Q1 +959,049 2021Q1 102.3[5]
 New Zealand 2021 243,332 2021Q1 -112,488 2019 −46.2
 Nicaragua 2021 12,283 2020 -14,456 2019 −119.9
 Nigeria 2021 514,049 2020 -85,211 2019 −16.3
 Norway 2021 444,519 2021Q1 +1,175,781 2021 264.5
 Pakistan 2021 262,799 2021Q1 -116,935 2021 −44.5
 Panama 2021 59,377 2020 -64,857 2020 −122.5
 Peru 2021 225,918 2020Q2 -86,078 2018 −37.4
 Philippines 2021 402,638 2021Q1 -15,322 2020 −5.6
 Poland 2021 642,121 2021Q1 -254,623 2021Q1 −43.0[5]
 Portugal 2021 257,391 2021Q1 -246,961 2021Q1 −104.9[5]
 Romania 2021 289,130 2021Q1 -121,438 2021Q1 −48.0[5]
 Russia 2021 1,710,734 2021Q1 +458,533 2021 26.8
 Saudi Arabia 2021 804,921 2021Q1 +587,883 2021 73.0
 Serbia 2021 60,435 2021Q1 -49,970 2019 −88.5
 Singapore 2021 374,934 2021Q1 +1,035,082 2021 276.1
 Slovakia 2021 117,664 2021Q1 -67,785 2021Q1 −63.0[5]
 Slovenia 2021 59,132 2021Q1 -4,876 2021Q1 −12.5[5]
 South Africa 2021 329,529 2021Q1 +97,342 2021 29.5
 South Korea 2021 1,806,707 2021Q1 +477,517 2021 26.4
 Spain 2021 1,461,552 2021Q1 -1,096,594 2021Q1 −84.1[5]
 Sudan 2021 35,827 2018 -85,180 2018 −248.5
 Sweden 2021 625,948 2021Q1 +116,427 2021Q4 17.8[5]
  Switzerland 2021 824,734 2021Q1 +808,373 2021 98.0
 Taiwan 2021 759,104 2020 +1,371,420[8] 2020 205.1
 Thailand 2021 538,735 2021Q1 +36,251 2019 11.0
 Tunisia 2021 44,265 2019 -63,678 2019 −162.6
 Turkey 2021 794,530 2021Q2 -280,624 2021 −35.3
 Uganda 2021 41,271 2019 -18,640 2019 −60.8
 Ukraine 2021 164,593 2021Q1 -21,613 2021 −13.1
 United Kingdom 2021 3,124,650 2021Q1 -802,202 2021 −25.7
 United States 2021 22,675,271 2021Q1 -14,320,275 2021Q1 −64.9
 Uzbekistan 2021 61,203 2021Q1 +18,494 2021 30.2
 Zambia 2021 18,955 2020Q3 -28,177 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 30 May 2021.
  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 . Eurostat https://ec.europa.eu/eurostat/databrowser/view/tipsii40/default/table?lang=en. Retrieved 20 April 2021. {{cite web}}: Missing or empty |title= (help)
  6. ^ Central Bank of Iceland
  7. ^ "India's International Investment Position (IIP), March 2020". Reserve Bank of India. Retrieved 2021-01-30.{{cite web}}: CS1 maint: url-status (link)
  8. ^ Central Bank of the Republic of China (Taiwan)

External links[edit]

Statistics[edit]