Net international investment position

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

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
 Netherlands 2015 676.531 bil. [10] 2016 +529.253 bil. [11] 2016 +75.9[12]
 Japan 2015 532,136.400 bil. ¥[13] 2015 +339,263.000 bil. ¥[14] 2015 +63.8
 Denmark 2014 1,919.192 bil. kr[15] 2016 +1,156.818 bil. kr[11] 2016 +56.1[12]
 Germany 2015 3,032.820 bil. [10] 2016 +1,705.043 bil. [11] 2016 +54.4[12]
 Belgium 2015 410.351 bil. [10] 2016 +208.701 bil. [11] 2016 +49.5[12]
 Malta 2015 8.784 bil. [10] 2016 +4.693 bil. [11] 2016 +47.4[12]
 Israel 2016 311.739 bil. $[16] 2016 +106.100 bil. $[17] 2016 +34
 Venezuela 2014 509.964 bil. $[18] 2014(Q3) +155.667 bil. $[19] 2014 +30.5
 United Kingdom 2014 1,791.934 bil. £[15] 2016 +468.541 bil. £[11] 2016 +24.2[12]
 Luxembourg 2015 51.216 bil. [10] 2016 +12.585 bil. [11] 2016 +23.2[12]
 South Korea 2016 1,404.383 bil. $[16] 2016 +278.500 bil. $[20] 2016 +19.8
 Russia 2016 1,267.754 bil. $[21] 2016 +226.954 bil. $[22] 2016 +17.9
 Sweden 2014 3,914.704 bil. kr[15] 2016 -730.190 bil. kr[11] 2016 +16.7[12]
 People's Republic of China 2016 11,391.619 bil.$[23] 2016 +1,800.537 bil. $[24] 2016 +15.8
 Argentina 2016 541.748 bil. $[25] 2016 +55.380 bil. $[26] 2016 +10.2
 Finland 2015 209.149 bil. [10] 2016 +15.305 bil. [11] 2016 +7.1[12]
 Canada 2014 1,991.596 bil. CAD[27] 2014 +101.31 bil. $ 2014 +6.9
 Austria 2015 339.896 bil. [10] 2016 +18.135 bil. [11] 2016 +5.2[12]
 Nigeria 2014 568.508 bil. $[18] 2014 -60.459 bil. $[28] 2014 −10.6
  Eurozone 2015 10,455.774 bil. [10] 2014 -1,285.600 bil. [29] 2014 −12.7[29]
 Chile 2014 258.062 bil. $[18] 2014 -35.651 bil. $[30] 2014 −13.8
 Philippines 2014 284.582 bil. $[18] 2014 -40.700 bil. $[31] 2014 −14.3
 Italy 2015 1,642.444 bil. [10] 2016 -249.638 bil. [11] 2016 −14.9[12]
 Kazakhstan 2014 231.876 bil. $[18] 2014 -35.201 bil. $[32] 2014 −15.2
 France 2015 2,181.064 bil. [10] 2016 -351.142 bil. [11] 2016 −15.8[12]
 India 2016 2,250.987 bil. $[33] 2016 -364.700 bil. $[34] 2016 −16.2
 Czech Republic 2014 4,260.886 bil. CZK[15] 2016 -1,175.539 bil. CZK[11] 2016 −24.9[12]
 Brazil 2014 2,346.118 bil. $[18] 2014 -776.537 bil. $[35] 2014 −33.1
 Mexico 2014 1,282.720 bil. $[18] 2014 -426.553 bil. $[36] 2014 −33.3
 Slovenia 2015 38.570 bil. [10] 2016 -13.736 bil. [11] 2016 −34.5[12]
 Estonia 2015 20.251 bil. [10] 2016 -7.797 bil. [11] 2016 −37.3[12]
 Lithuania 2014 36.309 bil. [10] 2016 -16.726 bil. [11] 2016 −43.3[12]
 United States 2016 18,675.3 bil. $[37] 2016 -8,109.7 bil. $[38] 2016 −43.4
 Indonesia 2014 888.538 bil. $[18] 2014 -419.770 bil. $[39] 2014 −47.2
 Romania 2014 666.637 bil. RON[15] 2016 -376.268 bil. RON[11] 2016 −49.6[12]
 Bulgaria 2014 82.164 bil. BGN[15] 2016 -47.542 bil. BGN[11] 2016 −51.3[12]
 Turkey 2014 799.534 bil. $[18] 2014 -437.029 bil. $[40] 2014 −54.7
 Australia 2014 1,558.586 bil A$[41] 2014 -866.700 bil. $A[42] 2014 −55.6
 Slovakia 2015 78.686 bil. [10] 2016 -47.063 bil. [11] 2016 −58.1[12]
 Latvia 2015 24.349 bil. [10] 2016 -14.554 bil.[11] 2016 −58.2[12]
 Hungary 2014 31,863.969 bil.HUF[15] 2016 -20,662.860 bil. HUF[11] 2016 −58.9[12]
 Poland 2014 1,728.676 bil. zl[15] 2016 -1,146.824 bil. zl[11] 2016 −61.9[12]
 New Zealand 2013 237.769 bil. NZ$[43] 2014 -154.592 bil. NZ$[44] 2014 −65.0
 Croatia 2014 328.927 bil. HRK[15] 2016 -244.493 bil. HRK[11] 2016 −71.2[12]
 Spain 2016 1,113.851 bil. [10] 2016 -954.063 bil. [11] 2016 −85.7[12]
 Portugal 2015 179.540 bil. [10] 2016 -194.358 bil. [11] 2016 −105.1[12]
 Cyprus 2015 17.637 bil. [10] 2016 -22.453 bil. [11] 2016 −125.4[12]
 Greece 2015 175.697 bil. [10] 2016 -240.107 bil. [11] 2016 −136.5[12]
 Ireland 2015 255.815 bil. [10] 2016 -492.505 bil. [11] 2016 −185.3[12]
 Iceland 2014 1,993.336 bil. kr[45] 2014 -7,936.987 bil. kr[46] 2014 −398.2[47]

List of countries and regions by net international investment position in million USD according to the IMF

Countries and regions Year 2013[48] Year 2016[49]
 Australia -743,491.296
 Austria +5,775.713 +19,116.721
 Belgium +281,054.982 +219,992.125
 Canada 21,369.646
 Chile -39,232.601
 Czech Republic -85,209.052 -45,849.565
 Denmark +134,386.857 +164,022.663
 Estonia -13,056.220 -8,218.284
 Finland +10,802.020 +16,133.292
 France -483,369.841 -370,149.459
 Germany +1,338,804.153 +1,797,289.585
  Eurozone -1,867,058.908 -663,998.075
 Greece -323,757.567 -253,097.280
 Hungary -116,592.289 -70,222.2341
 Iceland -65,738.588
 Ireland -327,413.650 -519,307.623
 Israel 62,603.906
 Italy -560,264.710 -436,690.046
 Japan 3,086,000.434
 South Korea -37,239.813
 Luxembourg +28,373.309 +13,265.930
 Mexico -499,229.861
 Netherlands +279,276.503 +557,748.315
 New Zealand -119,321.523
 Norway 644,904.335
 Poland -377,137.140 -274,400.040
 Portugal -273,002.824 -204,712.019
 Slovakia -63,682.375 -49,609.455
 Slovenia -23,098.582 -14,478.738
 Spain -1,334,532.78 -1,005,676.75
 Sweden -73,624.604 +80,566.881
  Switzerland 839,137.307
 Turkey -394,232.765
 United Kingdom -464,107.858 +575,744.932
 United States -5,382,000.997

See also

References

  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. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Eurostat GDP at market prices
  11. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 "Net international investment position in national currency units - annual data; code: tipsii10". Eurostat. Retrieved August 27, 2015.
  12. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 "Net international investment position in % of GDP - annual data; code: tipsii10". Eurostat. Retrieved August 27, 2015.
  13. Bank of Japan Japan, GDP at current prices, in national currency, p. 41
  14. Bank of Japan International Investment Position of Japan (Quarterly Data)
  15. 1 2 3 4 5 6 7 8 9 Eurostat GDP in national currency UK, GDP 2014 at current prices
  16. 1 2 IMF World Economic Outlook Database, October 2016
  17. Bank of Israel Israel’s International Investment Position (IIP), Fourth quarter of 2016
  18. 1 2 3 4 5 6 7 8 9 World Bank World Development Indicators
  19. Banco de Venezuela [www.bcv.org.ve/Upload/Comunicados/aviso301214.pdf Resultados de la Economía durante el año 2014 ]
  20. Bank of Korea(BOK) International Investment Position (IIP) at the end of 2016 (preliminary).pdf
  21. IMF World Economic Outlook Database, October 2016.
  22. Central Bank of Russia
  23. IMF World Economic Outlook Database, October 2016.
  24. State Administration of Foreign Exchange, China The time-series data of International Investment Position of China
  25. IMF World Economic Outlook Database, October 2016.
  26. Instituto Nacional de Estadistica y Censos Economic and Financial Data for ARGENTINA
  27. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/dsbbcan-eng.htm: "Canada's Gross Domestic Product, 2014, current prices"]
  28. Central Bank of Nigeria 2014 Statictical bulletin - External Sector Statistics (table D 2.2.2)
  29. 1 2 European Central Bank International investment position of the euro area
  30. Banco Central de Chile Statistics Database External Sector -> IIP by institutional sector
  31. Philstar International Investment Position
  32. The National Bank of Kazakhstan accessed: August 27.2015
  33. IMF World Economic Outlook Database, October 2016.
  34. Reserve Bank of India India’s International Investment Position (IIP), December 2016
  35. Banco Central do Brasil Historical Series of the International Investment Position
  36. National Banco de México International Investment Position Final Position 2014
  37. Department of Commerce – Bureau of Economic Analysis US, GDP at current prices, in US$
  38. Department of Commerce – Bureau of Economic Analysis U.S. Net International Investment Position Fourth Quarter and Year 2016
  39. Indonesia's International Investment Position
  40. Central Bank of the Republic of Turkey International Investment Position Turkey
  41. Australian Bureau of Statistics - Key Economic Indicators, Table 36
  42. Australian Bureau of Statistics - Balance of Payments and International Investment Position, Australia
  43. Reserve Bank of New Zealand Economic Indivators GDP at current prices Q1-Q42014, in national currency
  44. Reserve Bank of New Zealand Balance Of Payments and International Investment Position: Q4 2014 Net IIP at 31 December 2014
  45. Statistics Iceland
  46. Central Bank of Iceland
  47. Central Bank of Iceland 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.
  48. "IMF International Investment Position by Country". Retrieved May 5, 2017.
  49. "IMF International Investment Position by Country". Retrieved May 5, 2017.

Statistics

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