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 by net international investment position
- This list is incomplete; you can help by expanding it.
Country | Date | GDP | Date | NIIP | Date | NIIP in % GDP |
---|---|---|---|---|---|---|
Hong Kong | 2009 | - | 2009 | - | 2009 | +353.1[3] |
Singapore | 2010 | 303.652 bil. S$[4] | 2010 | +680.877 bil. S$[5] | 2010 | +224.2 |
Luxembourg | 2008 | 39.640 bil. €[6] | 2008 | +33.524 bil. €[7] | 2013 | +216.4[8] |
Taiwan | 2010 | 430.580 bil. $[9] | 2010 | +659.915 bil. $[10] | 2010 | +153.3 |
Switzerland | 2010 | 546.245 bil. CHF[11] | 2010 | +743.704 bil. CHF[12] | 2010 | +136.1[12] |
Norway | 2010 | 2496.178 bil. kr[13] | 2010 | +2,390.972 bil. kr[13] | 2010 | +95.8 |
Japan | 2009 | 470,936.600 bil. ¥[14] | 2009 | +266,223.000 bil. ¥[3] | 2009 | +56.1[3] |
Malta | 2009 | 5.851 bil. €[15] | 2009 | +0.793 bil. €[16] | 2012 | +72.1[8] |
Belgium | 2010 | 350.952 bil. €[17] | 2010 | +243.000 bil. €[18] | 2013 | +48.8[8] |
Venezuela | 2012 | $338 bil $[19] | 2012 | 159.63 bil. $[20] | 2012 | +47.2 |
Germany | 2009 | 2397.100 bil. €[21] | 2009 | +895.000 bil. €[22] | 2013 | +42.9[8] |
Denmark | 2009 | 1659.700 bil. kr[23] | 2009 | +99.800 bil. kr[24] | 2013 | +38.5[8] |
People's Republic of China | 2009 | - | 2009 | - | 2009 | +37.1[3] |
Netherlands | 2010 | 590.321 bil. €[25] | 2010 | +173.147 bil. €[26] | 2013 | +31.2[8] |
Russia | 2008 | - | 2012 | +137.956 bil. $[27] | 2009 | +17.9[3] |
Finland | 2010 | 180.295 bil. €[28] | 2010 | +15.721 bil. €[29] | 2013 | +6.3[8] |
South Korea | 2014 | 1,449.494 bil. $[30] | 2014 | +81.9 bil. $[31] | 2014 | +5.6 |
Israel | 2010 | 213.147 bil. $[32] | 2010 | +0.922 bil. $[33] | 2010 | +0.04 |
Austria | 2010 | 284.002 bil. €[34] | 2010 | +3.000 bil. €[35] | 2013 | −0.2[8] |
Chile | 2010 | 203.323 bil. $[36] | 2010 | -10.025 bil. $[37] | 2010 | −4.9 |
Canada | 2013 | 1893bilCAD[38] | 2014 | 26.7bilCAD[39] | 2009 | −7.8[3] |
Eurozone | 2014 | 10,378 bil. €[40] | 2014 | -0.934 bil. €[40] | 2014 | −9.0[40] |
Philippines | 2009 | 161.196 bil. $[41] | 2009 | -16 bil. $[42] | 2009 | −10.2 |
India | 2010 | 1537 bil. $[43] | 2010 | -215 bil. $[44] | 2010 | −10.3 |
France | 2009 | 1907.246 bil. €[45] | 2009 | -317.3 bil. €[46] | 2012 | −15.6[8] |
Sweden | 2010 | 3285.539 bil. kr[47] | 2010 | -729.000 bil. kr[48] | 2013 | −18.4[8] |
United Kingdom | 2009 | 1394.989 bil. £[49] | 2009 | -182 bil. £[50] | 2013 | −23.8[8] |
United States | 2013 | 17,089.600 bil. $[51] | 2013 | -4,577.5 bil. $[52] | 2013 | −26.8 |
Italy | 2010 | 1548.816 bil. €[53] | 2010 | -376.700 bil. €[54] | 2013 | −30.7[8] |
Indonesia | 2011 | 878.198 bil. $[55] | 2011 | -318.995 bil. $[56] | 2011 | −36.3 |
Mexico | 2010 | 1039.121 bil. $[57] | 2010 | -379.249 bil. $[58] | 2010 | −36.5 |
Brazil | 2009 | 1600.841 bil. $[59] | 2009 | -600.795 bil. $[60] | 2009 | −37.5 |
Kazakhstan | 2009 | 113.620 bil. $[61] | 2009 | -43.314 bil. $[62] | 2009 | −38.1 |
Slovenia | 2010 | 36.061 bil. €[63] | 2010 | -12.655 bil. €[64] | 2013 | −38.2[8] |
Czech Republic | 2013 | - | 2013 | - | 2013 | −40.7[8] |
Turkey | 2013 | 616.345 bil. $[65] | 2009 | -275.687 bil. $[66] | 2009 | −44.9 |
Lithuania | 2013 | - | 2013 | - | 2013 | −46.4[8] |
Estonia | 2010 | 14.500 bil. €[67] | 2010 | -10.416 bil. €[68] | 2013 | −47.2[8] |
Iceland | 2012 | - | 2012 | -1,042 bil. kr | 2012 | −61[69] |
Romania | 2013 | - | 2013 | - | 2013 | −62.4[8] |
Slovakia | 2010 | 65.906 bil. €[70] | 2010 | -43.763 bil. €[71] | 2013 | −63.8[8] |
Australia | 2011 | 1318.554 bil A$[72] | 2011 | -848.3 bil. $A[73] | 2011 | −64.3 |
Latvia | 2013 | - | 2013 | - | 2013 | −65.1[8] |
Poland | 2010 | 1412.784 bil. zl[74] | 2010 | -890.652 bil. zl[75] | 2013 | −68.0[8] |
New Zealand | 2013 | 212 bil. NZ$[76] | 2013 | -146.7 bil. NZ$[77] | 2013 | −69.3 |
Bulgaria | 2013 | - | 2013 | - | 2013 | −77.9[8] |
Hungary | 2013 | - | 2013 | - | 2013 | −84.4[8] |
Croatia | 2013 | - | 2013 | - | 2013 | −88.4[8] |
Spain | 2010 | 1062.591 bil. €[78] | 2010 | -925.600 bil. €[79] | 2013 | −92.6[8] |
Ireland | 2009 | 160.596 bil. €[80] | 2009 | -157.075 bil. €[81] | 2013 | −102.1[8] |
Portugal | 2009 | 168.586 bil. €[82] | 2009 | -184.017 bil. €[83] | 2013 | −116.2[8] |
Greece | 2012 | 193.749 bil. €[84] | 2012 | -210.262 bil. €[85] | 2013 | −121.1[8] |
Cyprus | 2012 | 17,979.3 bil. €[84] | 2012 | -15.683 bil. €[86] | 2013 | −156.8[8] |
Net International Investment Position in absolute terms; OECD Countries, 2013
Country | NIIP 2013 (Million USD)[87] |
---|---|
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
- Net foreign assets
- List of countries by external debt
- List of countries by public debt
- List of countries by net international investment position per capita
References
- ↑ 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
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 Bank of Japan Japan’s International Investment Position at Year-End 2009 page. 10, Table 5
- ↑ IMF World Economic Outlook Database, April 2011 Singapore, GDP 2010 at current prices, in national currency
- ↑ Singapore Official Statistics IMF Special Data Dissemination Standard - Economic and Financial Data for Singapore
- ↑ IMF World Economic Outlook Database, April 2011 Luxembourg, GDP 2008 at current prices, in national currency
- ↑ Central Bank of Luxembourg International Investment Position of Luxembourg: Summary
- ↑ 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 8.9 8.10 8.11 8.12 8.13 8.14 8.15 8.16 8.17 8.18 8.19 8.20 8.21 8.22 8.23 8.24 8.25 8.26 8.27 "Net international investment position in % of GDP - annual data; code: tipsii10". Eurostat. Retrieved March 21, 2015.
- ↑ 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
- ↑ IMF World Economic Outlook Database, April 2011 Switzerland, GDP 2010 at current prices, in national currency
- ↑ 12.0 12.1 Swiss National Bank Switzerland’s international investment position – overview
- ↑ 13.0 13.1 Statistics Norway International Investment Position, 2010
- ↑ IMF World Economic Outlook Database, April 2011 Japan, GDP 2009 at current prices, in national currency
- ↑ IMF World Economic Outlook Database, April 2011 Malta, GDP 2009 at current prices, in national currency
- ↑ National Statistics Office, Malta International Investment Position of Malta: June 2010 p. 2, Table 1 (December 2009)
- ↑ IMF World Economic Outlook Database, April 2011 Belgium, GDP 2010 at current prices, in national currency
- ↑ National Bank of Belgium Belgium: Economic and financial data – External Sector Assets:1.861 billion EUR; Liabilities:1.618 billion EUR; Net:243 billion EUR
- ↑ CIA Country profile
- ↑ Banco de Venezuela Posicion de inversion internacional
- ↑ IMF World Economic Outlook Database, April 2011 Germany, GDP 2009 at current prices, in national currency
- ↑ Bundesbank Press Release – Germany’s international investment position at the end of 2009 page.1
- ↑ Ministry of Finance, Denmark Economic Survey May 2010 – English Summary page. 11, Table 1.4
- ↑ Ministry of Finance, Denmark Economic Survey May 2010 – English Summary page. 14, Table 1.5
- ↑ IMF World Economic Outlook Database, April 2011 Netherlands, GDP 2010 at current prices, in national currency
- ↑ De Nederlandsche Bank T12.10 – Dutch external assets (International Investment Position (Yearly/Quarterly)
- ↑ Международная инвестиционная позиция Российской Федерации в 2001-2012 гг.:
- ↑ IMF World Economic Outlook Database, April 2011 Finland, GDP 2010 at current prices, in national currency
- ↑ Bank of Finland International investment position by investment type, EUR million Assets: 543.219 bil. €; Liabilities: 527.498 bil. €; Net: +15.721 bil. €
- ↑ IMF World Economic Outlook Database, October 2014 Korea, GDP 2014 at current prices, in US$
- ↑ Bank of Korea(BOK)International Investment Position (IIP) at the end of 2014 (preliminary)
- ↑ IMF World Economic Outlook Database, April 2011 Israel, GDP 2010 at current prices, in US$
- ↑ Bank of Israel International Investment Position (IIP) – January-December 2010
- ↑ IMF World Economic Outlook Database, April 2011 Austria, GDP 2010 at current prices, in national currency
- ↑ Oesterreichische Nationalbank International Investment Position – Summary – Total
- ↑ IMF World Economic Outlook Database, April 2011 Chile, GDP 2010 at current prices, in US$
- ↑ Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
- ↑ "Gross Domestic Product, Expenditure-Based"
- ↑ "The world's newest creditor nation: Canada "
- ↑ 40.0 40.1 40.2 European Central Bank International investment position of the euro area
- ↑ IMF World Economic Outlook Database, April 2011 Philippines, GDP 2009 at current prices, in US$
- ↑ Banco Central do Brasil Philippines: International Investment Position
- ↑ IMF World Economic Outlook Database, April 2011 India, GDP 2010 at current prices, in US$
- ↑ Reserve Bank of India International Investment Position: External Assets and Liabilities at the End of March (In India the fiscal year ends in March)
- ↑ IMF World Economic Outlook Database, April 2011 France, GDP 2009 at current prices, in national currency
- ↑ Banque de France 2009 Annual Report – The French balance of payments and international investment position page. 48, Table T3-1
- ↑ IMF World Economic Outlook Database, April 2011 Sweden, GDP 2010 at current prices, in national currency
- ↑ Statistics Sweden International Investment Position (IIP) Table 1
- ↑ IMF World Economic Outlook Database, April 2011 UK, GDP 2009 at current prices, in national currency
- ↑ Office for National Statistics UK The UK’s international investment position page. 26, Table 1
- ↑ Department of Commerce – Bureau of Economic Analysis US, GDP at current prices, in US$
- ↑ Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position at Yearend 2013
- ↑ IMF World Economic Outlook Database, April 2011 Italy, GDP 2010 at current prices, in national currency
- ↑ Banca di Italia Balance of Payments and International Investment Position page. 9
- ↑ IMF Indonesia, GDP 2011 at current prices, in US$
- ↑ Bank Indonesia
- ↑ IMF World Economic Outlook Database, April 2011 Mexico, GDP 2010 at current prices, in US$
- ↑ National Banco de México International Investment Position Final Position
- ↑ IMF World Economic Outlook Database, April 2011 Brazil, GDP 2009 at current prices, in US$
- ↑ Banco Central do Brasil Historical Series of the International Investment Position
- ↑ IMF World Economic Outlook Database, April 2011 Kazakhstan, GDP 2009 at current prices, in US$
- ↑ The National Bank of Kazakhstan INTERNATIONAL INVESTMENT POSITION OF KAZAKHSTAN (31.12.09)
- ↑ IMF World Economic Outlook Database, April 2011 Slovenia, GDP 2010 at current prices, in national currency
- ↑ Banka Slovenije International investment position of Slovenia - Summary (31 December 2010)
- ↑ EUROSTAT Turkey, GDP 2013 at current prices, in US$
- ↑ Central Bank of the Republic of Turkey International Investment Position: External Assets and Liabilities at the End of Period
- ↑ Bank of Estonia 3. Annual indicators of Estonian economy GDP 2010, current prices (EUR m)
- ↑ Bank of Estonia International investment position (EUR m), short version (12/31/2010)
- ↑ "Iceland’s underlying external position and balance of payments" (PDF). Central Bank of Iceland. March 2013.
- ↑ IMF World Economic Outlook Database, April 2011 Slovakia, GDP 2010 at current prices, in national currency
- ↑ National Bank of Slovakia International Investment Position for Slovakia for 2010 (Net 2010 Q4)
- ↑ Australian Bureau of Statistics 1345.0 - Key Economic Indicators, 2011
- ↑ Australian Bureau of Statistics 5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2011
- ↑ IMF World Economic Outlook Database, April 2011 Poland, GDP 2010 at current prices, in national currency
- ↑ National Bank of Poland Poland: International Investment Position
- ↑ IMF New Zealand, GDP 2013 at current prices, in national currency
- ↑ Statistics New Zealand Balance Of Payments and International Investment Position: March 2013 quarter – Hot Off the Press p.10, Net IIP at 31 March 2013
- ↑ IMF World Economic Outlook Database, April 2011 Spain, GDP 2010 at current prices, in national currency
- ↑ Banco de España Chapter 3 – The Financial Account and International Investment Position in 2010 page. 45, Table 3.2
- ↑ Central Statistics of Ireland Quarterly National Accounts – Quarter 1 2011 page.2, Table 1
- ↑ Central Statistics of Ireland International Investment Position – 31 December 2009 page. 3, Table 1
- ↑ Banco de Portugal Quarterly National Accounts Table H.0.1
- ↑ Central Statistics of Portugal Economic and Financial Data for Portugal August 2011
- ↑ 84.0 84.1 "GDP and main components - Current prices [nama_gdp_c]". Eurostat. May 18, 2013. Retrieved May 23, 2013.
- ↑ "International Investment Position". Bank of Greece. Retrieved 23 May 2013.
- ↑ "International Investment Position, Annual Data, 2011 (provisional)". Central Bank of Cyprus. October 23, 2012. Retrieved May 23, 2013.
- ↑ "IMF Balance of Payments Statistics". Retrieved April 12, 2015.
External links
- Bureau of Economic Analysis Elena L. Nguyen: The International Investment Position of the United States at Yearend 2007. U.S.
- Bank of Japan Japan’s International Investment Position at Year-End 2009 (Retrieved on June 30, 2011)
- Deutsche Bundesbank (German Central Bank) International Investment Position - External Debt Statistics
- European Economic Forecast Spring 2010 European Commission working draft Graph 1.3.2., International investment position since 1980 in major economic units.
Statistics
- International Monetary Fund (IMF) International Investment Position (IIP) Data
- International Monetary Fund (IMF) World Economic Outlook Database, April 2011
- UK National Statistics Great Britain: International Investment Position, Table K
- Saint-Petersburg (Russia) statistic Economic statistics of St. Petersburg