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 ]
This article needs to be updated . Please update this article to reflect recent events or newly available information. (May 2014)
Countries and Regions
Date
GDP
Date
NIIP
Date
NIIP in % GDP
Hong Kong
2014
2,253.000 bil. HK$
2014
+1,114.87 bil $
2016
7002284000000000000♠ +284.0[3]
Singapore
2014
390.089 bil. S$ [4]
2014
+276.09 bil $
2014
7002182000000000000♠ +182.0
Norway
2014
3,149.681 bil. kr [5]
2014
+592.04 bil $
2014
7002170900000000000♠ +170.9
Taiwan
2010
430.580 bil. $ [6]
2010
+659.915 bil. $ [7]
2010
7002153300000000000♠ +153.3
Switzerland
2014
642.256 bil. CHF [8]
2014
+777.75 bil. $
2014
7002119600000000000♠ +119.6
Saudi Arabia
2014
2,798.432 bil. sr [9]
2014
+795.22 bil. $
2014
7002106600000000000♠ +106.6
Japan
2014
490,599.000 bil. ¥ [10]
2014
+3,439.01 bil $
2014
7001748000000000000♠ +74.8
Netherlands
2015
676.531 bil. € [11]
2015
+432.247 bil. € [12]
2015
7001639000000000000♠ +63.9[13]
Belgium
2015
410.351 bil. € [11]
2015
+250.978 bil. € [12]
2015
7001613000000000000♠ +61.3[13]
Malta
2015
8.784 bil. € [11]
2015
+4.264 bil. € [12]
2015
7001485000000000000♠ +48.5[13]
Luxembourg
2015
51.216 bil. € [11]
2015
+18.342 bil. € [12]
2015
7001358009999900000♠ +35.8[13]
Denmark
2014
1,919.192 bil. kr [14]
2015
+774.613 bil. kr [12]
2015
7001390000000000000♠ +39.0[13]
Germany
2015
3,032.820 bil. € [11]
2015
+1,476.169 bil. € [12]
2015
7001487000000000000♠ +48.7[13]
Venezuela
2014
509.964 bil. $ [15]
2014(Q3)
+155.667 bil. $ [16]
2014
7001305000000000000♠ +30.5
Israel
2014
304.226 bil. $ [15]
2014
+64.700 bil. $ [17]
2014
7001213000000000000♠ +21.3
People's Republic of China
2014
10,360.105 bil.$ [18]
2014
+1,776.400 bil. $ [19]
2014
7001171000000000000♠ +17.1
Russia
2014
1,860.598 bil. $ [15]
2014
+310.980 bil. $ [20]
2014
7001167000000000000♠ +16.7
South Korea
2015
1,376.868 bil. $ [21]
2015
+198.800 bil. $ [22]
2015
7001144000000000000♠ +14.4
Argentina
2014
540.197 bil. $ [15]
2014
+76.821 bil. $ [23]
2014
7001142000000000000♠ +14.2
Canada
2014
1,991.596 bil. CAD [24]
2014
+101.31 bil. $
2014
7000690000000000000♠ +6.9
Austria
2015
339.896 bil. € [11]
2015
+9.926 bil. € [12]
2015
7000290000000000000♠ +2.9[13]
Finland
2015
209.149 bil. € [11]
2015
+1.293 bil. € [12]
2015
6999600000000000000♠ +0.6[13]
Sweden
2014
3,914.704 bil. kr [14]
2014
-1.47 bil. $
2014
3000700000000000000♠ −0.3[13]
Nigeria
2014
568.508 bil. $ [15]
2014
-60.459 bil. $ [25]
2014
2998894000000000000♠ −10.6
Eurozone
2015
10,455.774 bil. € [11]
2014
-1,285.600 bil. € [26]
2014
2998873000000000000♠ −12.7[26]
Chile
2014
258.062 bil. $ [15]
2014
-35.651 bil. $ [27]
2014
2998862000000000000♠ −13.8
Philippines
2014
284.582 bil. $ [15]
2014
-40.700 bil. $ [28]
2014
2998857000000000000♠ −14.3
Kazakhstan
2014
231.876 bil. $ [15]
2014
-35.201 bil. $ [29]
2014
2998848000000000000♠ −15.2
India
2014
2,066.902 bil. $ [15]
2014
-353.674 bil. $ [30]
2014
2998829000000000000♠ −17.1
France
2015
2,181.064 bil. € [11]
2015
-358.093 bil. € [12]
2015
2998836009999900000♠ −16.4[13]
United Kingdom
2014
1,791.934 bil. £ [14]
2015
-269.183 bil. £ [12]
2015
2998856009999900000♠ −14.4[13]
Italy
2015
1,642.444 bil. € [11]
2015
-387.147 bil. € [12]
2015
2998764000000000000♠ −23.6[13]
Brazil
2014
2,346.118 bil. $ [15]
2014
-776.537 bil. $ [31]
2014
2998669000000000000♠ −33.1
Mexico
2014
1,282.720 bil. $ [15]
2014
-426.553 bil. $ [32]
2014
2998667000000000000♠ −33.3
Czech Republic
2014
4,260.886 bil. CZK [14]
2014
-1,520.244 bil. CZK [12]
2014
2998644000000000000♠ −35.6[13]
United States
2014
17,703.700 bil. $ [33]
2014
-7,019.700 bil. $ [34]
2014
2998603000000000000♠ −39.7
Estonia
2015
20.251 bil. € [11]
2015
-8.283 bil. € [12]
2015
2998591000000000000♠ −40.9[13]
Slovenia
2015
38.570 bil. € [11]
2015
-14.931 bil. € [12]
2015
2998613000000000000♠ −38.7[13]
Lithuania
2014
36.309 bil. € [11]
2015
-16.695 bil. € [12]
2015
2998553000000000000♠ −44.7[13]
Indonesia
2014
888.538 bil. $ [15]
2014
-419.770 bil. $ [35]
2014
2998528000000000000♠ −47.2
Turkey
2014
799.534 bil. $ [15]
2014
-437.029 bil. $ [36]
2014
2998453000000000000♠ −54.7
Australia
2014
1,558.586 bil A$ [37]
2014
-866.700 bil. $A [38]
2014
2998444000000000000♠ −55.6
Romania
2014
666.637 bil. RON [14]
2015
-369.830 bil. RON [12]
2015
2998481000000000000♠ −51.9[13]
Latvia
2015
24.349 bil. € [11]
2015
-15.219 bil.€ [12]
2015
2998375000000000000♠ −62.5[13]
New Zealand
2013
237.769 bil. NZ$ [39]
2014
-154.592 bil. NZ$ [40]
2014
2998350000000000000♠ −65.0
Poland
2014
1,728.676 bil. zl [14]
2015
-1,123.117 bil. zl [12]
2015
2998372000000000000♠ −62.8[13]
Slovakia
2015
78.686 bil. € [11]
2015
-47.993 bil. € [12]
2015
2998390000000000000♠ −61.0[13]
Bulgaria
2014
82.164 bil. BGN [14]
2015
-53.116 bil. BGN [12]
2015
2998400000000000000♠ −60.0[13]
Hungary
2014
31,863.969 bil.HUF [14]
2015
-20,662.306 bil.HUF [12]
2015
2998392000000000000♠ −60.8[13]
Croatia
2014
328.927 bil. HRK [14]
2015
-259.398 bil. HRK [12]
2015
2998222999999999999♠ −77.7[13]
Spain
2015
1,075.369 bil. € [11]
2015
-967.416 bil. € [12]
2015
2998100999999999999♠ −89.9[13]
Ireland
2015
255.815 bil. € [11]
2015
-532.089 bil. € [12]
2015
2997792000000000000♠ −208.0[13]
Portugal
2015
179.540 bil. € [11]
2015
-196.325 bil. € [12]
2015
2997890700000000000♠ −109.3[13]
Greece
2015
175.697 bil. € [11]
2015
-236.392 bil. € [12]
2015
2997865400000000000♠ −134.6[13]
Cyprus
2015
17.637 bil. € [11]
2015
-22.985 bil. € [12]
2015
2997869700000000000♠ −130.3[13]
Iceland
2014
1,993.336 bil. kr [41]
2014
-7,936.987 bil. kr [42]
2014
2997601790000000000♠ −398.2[43]
Net International Investment Position in absolute terms; OECD Countries, 2013 [ edit ]
Country
NIIP 2013 (Million USD)[44]
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 ]
^ 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 .
^ Ministry of Economic and Finance of Argentina International Investment Position Methodology page.1
^ Census and Statistics Department Hongkong International Investment Position at Year-End 2014
^ Singapore Statistical Office Singapore, GDP 2014 at current prices, in national currency
^ Statistics Norway GDP National Accounts, current
^ IMF World Economic Outlook Database, April 2011 Taiwan Province of China, GDP 2010 at current prices, in US$
^ Central Bank of the Republic of China International Investment Position (End-Period-Stocks) page. 1
^ BFS Gross Domestic Product (GDP) - Data, indicators, March 2015 Switzerland, GDP 2014 at current prices, in national currency
^ Saudi Arabian Monetary Agency National Accounts, current GDP in Riyal
^ Bank of Japan [1] Japan, GDP at current prices, in national currency, p. 41
^ a b c d e f g h i j k l m n o p q r s t Eurostat [2] GDP at market prices
^ 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 "Net international investment position in national currency units - annual data; code: tipsii10" . Eurostat . Retrieved August 27, 2015 .
^ 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 .
^ a b c d e f g h i Eurostat GDP in national currency [3] UK, GDP 2014 at current prices
^ a b c d e f g h i j k l m World Bank [4] World Development Indicators
^ Banco de Venezuela [www.bcv.org.ve/Upload/Comunicados/aviso301214.pdf Resultados de la Economía durante el año 2014 ]
^ Bank of Israel International Investment Position (IIP) – End of 2014
^ World Bank [5] World Development Indicators: Figures exclude Taiwan , and special administrative regions of Hong Kong and Macau .
^ State Administration of Foreign Exchange, China [6] The time-series data of International Investment Position of China
^ Central Bank of Russia
^ IMF World Economic Outlook Database, April 2016
^ Bank of Korea(BOK) International Investment Position (IIP) at the end of 2015 (preliminary).pdf
^ Instituto Nacional de Estadistica y Censos Posición de Inversión International Argentina
^ http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/dsbbcan-eng.htm : "Canada's Gross Domestic Product, 2014, current prices"]
^ Central Bank of Nigeria 2014 Statictical bulletin - External Sector Statistics (table D 2.2.2)
^ a b European Central Bank International investment position of the euro area
^ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
^ Philstar International Investment Position
^ The National Bank of Kazakhstan [7] accessed: August 27.2015
^ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of 2014
^ Banco Central do Brasil Historical Series of the International Investment Position
^ National Banco de México International Investment Position Final Position 2014
^ Department of Commerce – Bureau of Economic Analysis [8] US, GDP at current prices, in US$
^ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2014
^ Indonesia's International Investment Position
^ Central Bank of the Republic of Turkey International Investment Position Turkey
^ Australian Bureau of Statistics - Key Economic Indicators, Table 36
^ Australian Bureau of Statistics - Balance of Payments and International Investment Position, Australia
^ Reserve Bank of New Zealand [9] Economic Indivators GDP at current prices Q1-Q42014, in national currency
^ Reserve Bank of New Zealand Balance Of Payments and International Investment Position: Q4 2014 Net IIP at 31 December 2014
^ Statistics Iceland
^ Central Bank of Iceland
^ Central Bank of Iceland [10] 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.
^ "IMF Balance of Payments Statistics" . Retrieved April 12, 2015 .
External links [ edit ]
Statistics [ edit ]