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 Date NIIP Date NIIP in % GDP
 Hong Kong 2014 2,253.000 bil. HK$ 2014 +1,114.87 bil $ 2016 +284.0[3]
 Singapore 2014 390.089 bil. S$[4] 2014 +276.09 bil $ 2014 +182.0
 Norway 2014 3,149.681 bil. kr[5] 2014 +592.04 bil $ 2014 +170.9
 Taiwan 2010 430.580 bil. $[6] 2010 +659.915 bil. $[7] 2010 +153.3
  Switzerland 2014 642.256 bil. CHF[8] 2014 +777.75 bil. $ 2014 +119.6
 Saudi Arabia 2014 2,798.432 bil. sr[9] 2014 +795.22 bil. $ 2014 +106.6
 Japan 2014 490,599.000 bil. ¥[10] 2014 +3,439.01 bil $ 2014 +74.8
 Netherlands 2015 676.531 bil. [11] 2015 +432.247 bil. [12] 2015 +63.9[13]
 Belgium 2015 410.351 bil. [11] 2015 +250.978 bil. [12] 2015 +61.3[13]
 Malta 2015 8.784 bil. [11] 2015 +4.264 bil. [12] 2015 +48.5[13]
 Luxembourg 2015 51.216 bil. [11] 2015 +18.342 bil. [12] 2015 +35.8[13]
 Denmark 2014 1,919.192 bil. kr[14] 2015 +774.613 bil. kr[12] 2015 +39.0[13]
 Germany 2015 3,032.820 bil. [11] 2015 +1,476.169 bil. [12] 2015 +48.7[13]
 Venezuela 2014 509.964 bil. $[15] 2014(Q3) +155.667 bil. $[16] 2014 +30.5
 Israel 2014 304.226 bil. $[15] 2014 +64.700 bil. $[17] 2014 +21.3
 People's Republic of China 2014 10,360.105 bil.$[18] 2014 +1,776.400 bil. $[19] 2014 +17.1
 Russia 2014 1,860.598 bil. $[15] 2014 +310.980 bil. $[20] 2014 +16.7
 South Korea 2015 1,376.868 bil. $[21] 2015 +198.800 bil. $[22] 2015 +14.4
 Argentina 2014 540.197 bil. $[15] 2014 +76.821 bil. $[23] 2014 +14.2
 Canada 2014 1,991.596 bil. CAD[24] 2014 +101.31 bil. $ 2014 +6.9
 Austria 2015 339.896 bil. [11] 2015 +9.926 bil. [12] 2015 +2.9[13]
 Finland 2015 209.149 bil. [11] 2015 +1.293 bil. [12] 2015 +0.6[13]
 Sweden 2014 3,914.704 bil. kr[14] 2014 -1.47 bil. $ 2014 −0.3[13]
 Nigeria 2014 568.508 bil. $[15] 2014 -60.459 bil. $[25] 2014 −10.6
 Euro symbol.svg Eurozone 2015 10,455.774 bil. [11] 2014 -1,285.600 bil. [26] 2014 −12.7[26]
 Chile 2014 258.062 bil. $[15] 2014 -35.651 bil. $[27] 2014 −13.8
 Philippines 2014 284.582 bil. $[15] 2014 -40.700 bil. $[28] 2014 −14.3
 Kazakhstan 2014 231.876 bil. $[15] 2014 -35.201 bil. $[29] 2014 −15.2
 India 2014 2,066.902 bil. $[15] 2014 -353.674 bil. $[30] 2014 −17.1
 France 2015 2,181.064 bil. [11] 2015 -358.093 bil. [12] 2015 −16.4[13]
 United Kingdom 2014 1,791.934 bil. £[14] 2015 -269.183 bil. £[12] 2015 −14.4[13]
 Italy 2015 1,642.444 bil. [11] 2015 -387.147 bil. [12] 2015 −23.6[13]
 Brazil 2014 2,346.118 bil. $[15] 2014 -776.537 bil. $[31] 2014 −33.1
 Mexico 2014 1,282.720 bil. $[15] 2014 -426.553 bil. $[32] 2014 −33.3
 Czech Republic 2014 4,260.886 bil. CZK[14] 2014 -1,520.244 bil. CZK[12] 2014 −35.6[13]
 United States 2014 17,703.700 bil. $[33] 2014 -7,019.700 bil. $[34] 2014 −39.7
 Estonia 2015 20.251 bil. [11] 2015 -8.283 bil. [12] 2015 −40.9[13]
 Slovenia 2015 38.570 bil. [11] 2015 -14.931 bil. [12] 2015 −38.7[13]
 Lithuania 2014 36.309 bil. [11] 2015 -16.695 bil. [12] 2015 −44.7[13]
 Indonesia 2014 888.538 bil. $[15] 2014 -419.770 bil. $[35] 2014 −47.2
 Turkey 2014 799.534 bil. $[15] 2014 -437.029 bil. $[36] 2014 −54.7
 Australia 2014 1,558.586 bil A$[37] 2014 -866.700 bil. $A[38] 2014 −55.6
 Romania 2014 666.637 bil. RON[14] 2015 -369.830 bil. RON[12] 2015 −51.9[13]
 Latvia 2015 24.349 bil. [11] 2015 -15.219 bil.[12] 2015 −62.5[13]
 New Zealand 2013 237.769 bil. NZ$[39] 2014 -154.592 bil. NZ$[40] 2014 −65.0
 Poland 2014 1,728.676 bil. zl[14] 2015 -1,123.117 bil. zl[12] 2015 −62.8[13]
 Slovakia 2015 78.686 bil. [11] 2015 -47.993 bil. [12] 2015 −61.0[13]
 Bulgaria 2014 82.164 bil. BGN[14] 2015 -53.116 bil. BGN[12] 2015 −60.0[13]
 Hungary 2014 31,863.969 bil.HUF[14] 2015 -20,662.306 bil.HUF[12] 2015 −60.8[13]
 Croatia 2014 328.927 bil. HRK[14] 2015 -259.398 bil. HRK[12] 2015 −77.7[13]
 Spain 2015 1,075.369 bil. [11] 2015 -967.416 bil. [12] 2015 −89.9[13]
 Ireland 2015 255.815 bil. [11] 2015 -532.089 bil. [12] 2015 −208.0[13]
 Portugal 2015 179.540 bil. [11] 2015 -196.325 bil. [12] 2015 −109.3[13]
 Greece 2015 175.697 bil. [11] 2015 -236.392 bil. [12] 2015 −134.6[13]
 Cyprus 2015 17.637 bil. [11] 2015 -22.985 bil. [12] 2015 −130.3[13]
 Iceland 2014 1,993.336 bil. kr[41] 2014 -7,936.987 bil. kr[42] 2014 −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]

  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. ^ Singapore Statistical Office Singapore, GDP 2014 at current prices, in national currency
  5. ^ Statistics Norway GDP National Accounts, current
  6. ^ IMF World Economic Outlook Database, April 2011 Taiwan Province of China, GDP 2010 at current prices, in US$
  7. ^ Central Bank of the Republic of China International Investment Position (End-Period-Stocks) page. 1
  8. ^ BFS Gross Domestic Product (GDP) - Data, indicators, March 2015 Switzerland, GDP 2014 at current prices, in national currency
  9. ^ Saudi Arabian Monetary Agency National Accounts, current GDP in Riyal
  10. ^ Bank of Japan [1] Japan, GDP at current prices, in national currency, p. 41
  11. ^ 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
  12. ^ 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. 
  13. ^ 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. 
  14. ^ a b c d e f g h i Eurostat GDP in national currency [3] UK, GDP 2014 at current prices
  15. ^ a b c d e f g h i j k l m World Bank [4] World Development Indicators
  16. ^ Banco de Venezuela [www.bcv.org.ve/Upload/Comunicados/aviso301214.pdf Resultados de la Economía durante el año 2014 ]
  17. ^ Bank of Israel International Investment Position (IIP) – End of 2014
  18. ^ World Bank [5] World Development Indicators: Figures exclude Taiwan, and special administrative regions of Hong Kong and Macau.
  19. ^ State Administration of Foreign Exchange, China [6] The time-series data of International Investment Position of China
  20. ^ Central Bank of Russia
  21. ^ IMF World Economic Outlook Database, April 2016
  22. ^ Bank of Korea(BOK) International Investment Position (IIP) at the end of 2015 (preliminary).pdf
  23. ^ Instituto Nacional de Estadistica y Censos Posición de Inversión International Argentina
  24. ^ http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/dsbbcan-eng.htm: "Canada's Gross Domestic Product, 2014, current prices"]
  25. ^ Central Bank of Nigeria 2014 Statictical bulletin - External Sector Statistics (table D 2.2.2)
  26. ^ a b European Central Bank International investment position of the euro area
  27. ^ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
  28. ^ Philstar International Investment Position
  29. ^ The National Bank of Kazakhstan [7] accessed: August 27.2015
  30. ^ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of 2014
  31. ^ Banco Central do Brasil Historical Series of the International Investment Position
  32. ^ National Banco de México International Investment Position Final Position 2014
  33. ^ Department of Commerce – Bureau of Economic Analysis [8] US, GDP at current prices, in US$
  34. ^ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2014
  35. ^ Indonesia's International Investment Position
  36. ^ Central Bank of the Republic of Turkey International Investment Position Turkey
  37. ^ Australian Bureau of Statistics - Key Economic Indicators, Table 36
  38. ^ Australian Bureau of Statistics - Balance of Payments and International Investment Position, Australia
  39. ^ Reserve Bank of New Zealand [9] Economic Indivators GDP at current prices Q1-Q42014, in national currency
  40. ^ Reserve Bank of New Zealand Balance Of Payments and International Investment Position: Q4 2014 Net IIP at 31 December 2014
  41. ^ Statistics Iceland
  42. ^ Central Bank of Iceland
  43. ^ 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.
  44. ^ "IMF Balance of Payments Statistics". Retrieved April 12, 2015. 

External links[edit]

Statistics[edit]