Wikipedia

Net international investment position

US Net International Investment Position

The Net international investment position (NIIP) is the difference between the external financial assets and liabilities of a country.[1] External debt of a country includes government debt and private debt. Publicly and privately held external assets by a country's legal residents are also taken into account when calculating its NIIP.[2] Please note that commodities and currencies tend to follow a cyclical pattern by undergoing 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 USA 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] [4]

(US$MM)

Date NIIP[5]

(US$MM)

Date NIIP

(%GDP)

  Hong Kong 2019 372,989 2019 +1,563,100 2016 284.0 [6]
  Taiwan 2018 589,906 2017 +1,180,824[7] 2017 203.8
  Singapore 2018 364,139 2019 +896,000 2014 182.0
  Norway 2018 434,167 2019 +996,600 2014 170.9
   Switzerland 2018 705,546 2019 +838,700 2014 119.6
  Saudi Arabia 2018 786,522 2019 +682,800 2014 106.6
  Netherlands 2018 914,519 2019 +813,400 2019 89.2 [8]
  Japan 2018 4,971,767 2019 +3,430,800 2015 63.8
  Denmark 2018 352,058 2019 +271,675 2019 78.1 [8]
  Germany 2018 3,951,340 2019 +2,747,700 2019 71.2 [8]
  Belgium 2018 532,268 2019 +251,084 2019 47.2 [8]
  Malta 2018 14,560 2019 +9,003 2019 62.7 [8]
  Israel 2018 370,588 2019 +158,927 2017 43.3
  Venezuela 2018 98,437 2016 +106,986 2014 30.5
  Luxembourg 2018 69,553 2019 +36,323 2019 50.9 [8]
  Iceland 2018 25,965 2019 +5,512 2019(Q1) 21 [9]
  United Kingdom 2018 2,828,833 2019 -732,206 2019 −25.2 [8]
  South Korea 2018 1,720,489 2019 +500,629 2016 19.8
  Russia 2018 1,657,290 2019 +356,501 2016 17.9
  Sweden 2018 556,073 2019 +112,903 2019 20.9 [8]
  People's Republic of China 2018 13,368,073 2019 +2,124,000 2016 15.8
  Argentina 2018 519,487 2019 +117,113 2016 10.2
  Finland 2018 274,210 2019 +4,655 2019 1.7 [8]
  Canada 2018 1,712,479 2019 +770,400 2014 6.9
  Austria 2018 456,166 2019 +43,164 2019 9.6 [8]
  Nigeria 2018 398,186 2018 -82,598 2014 −10.6
 Euro symbol.svg Eurozone 2017 17,308,862 2019 -63,000 2019Q3 −1.0 [10]
  Philippines 2018 330,910 2018 -48,101 2014 −14.3
  Italy 2018 2,075,856 2019 -33,388 2019 −1.7 [8]
  Kazakhstan 2018 172,941 2019 -61,573 2014 −15.2
  France 2018 2,780,152 2019 -633,600 2019 −23.3 [8]
  India 2018 2,716,746 2019 -436,400 2019 −15.9 [11]
  Chile 2018 298,180 2018 -70,277 2016 −17.7
  Czech Republic 2018 245,226 2019 -51,650 2019 −20.7 [8]
  Brazil 2018 1,867,818 2018 -594,293 2014 −33.1
  Mexico 2018 1,222,053 2019 -655,500 2014 −33.3
  Slovenia 2018 54,059 2019 -10,436 2019 −19.3 [8]
  Estonia 2018 30,761 2019 -6,220 2019 −19.7 [8]
  Lithuania 2018 53,302 2019 -12,895 2019 −23.7 [8]
  United States 2019 21,427,700[12] 2019 -10,991,367 2019 −51.3
  Indonesia 2018 1,022,454 2019 −338,231 2014 −47.2
  Romania 2018 239,552 2019 -107,247 2019 −43.4 [8]
  Bulgaria 2018 65,197 2019 -21,561 2019 −31.6 [8]
  Turkey 2018 771,274 2019 -349,100 2014 −54.7
  Australia 2018 1,420,045[13] 2019 -703,426[14] 2019 −49.5
  Slovakia 2018 106,573 2019 -69,328 2019 −65.5 [8]
  Latvia 2018 34,882 2019 -15,091 2019 −44.1 [8]
  Hungary 2018 161,182 2019 -76,101 2019 −47.9 [8]
  Poland 2018 585,816 2019 -298,193 2019 −50.0 [8]
  New Zealand 2018 203,127 2019 -115,079 2014 −64.7
  Croatia 2018 60,805 2019 -30,775 2019 −51.0 [8]
  Spain 2018 1,427,533 2019 -1,035,453 2019 −74.0 [8]
  Portugal 2018 240,901 2019 -240,325 2019 −100.8 [8]
  Cyprus 2018 24,493 2019 -28,598 2019 −116.0 [8]
  Greece 2018 218,320 2019 -317,171 2019 −150.6 [8]
  Ireland 2018 382,754 2019 -671,100 2019 −172.0 [8]
  Malaysia 2019(Q2) 84,455[15] 2019(Q2) -4,746[16] 2019(Q2) −5.6

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. ^ "World Economic Outlook Database". International Monetary Fund. 17 April 2018.
  4. ^ . International Monetary Fund April 2020 https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?sy=2017&ey=2024&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=44&pr1.y=16&c=512%2C668%2C914%2C672%2C612%2C946%2C614%2C137%2C311%2C546%2C213%2C674%2C911%2C676%2C314%2C548%2C193%2C556%2C122%2C678%2C912%2C181%2C313%2C867%2C419%2C682%2C513%2C684%2C316%2C273%2C913%2C868%2C124%2C921%2C339%2C948%2C638%2C943%2C514%2C686%2C218%2C688%2C963%2C518%2C616%2C728%2C223%2C836%2C516%2C558%2C918%2C138%2C748%2C196%2C618%2C278%2C624%2C692%2C522%2C694%2C622%2C962%2C156%2C142%2C626%2C449%2C628%2C564%2C228%2C565%2C924%2C283%2C233%2C853%2C632%2C288%2C636%2C293%2C634%2C566%2C238%2C964%2C662%2C182%2C960%2C359%2C423%2C453%2C935%2C968%2C128%2C922%2C611%2C714%2C321%2C862%2C243%2C135%2C248%2C716%2C469%2C456%2C253%2C722%2C642%2C942%2C643%2C718%2C939%2C724%2C734%2C576%2C644%2C936%2C819%2C961%2C172%2C813%2C132%2C726%2C646%2C199%2C648%2C733%2C915%2C184%2C134%2C524%2C652%2C361%2C174%2C362%2C328%2C364%2C258%2C732%2C656%2C366%2C654%2C144%2C336%2C146%2C263%2C463%2C268%2C528%2C532%2C923%2C944%2C738%2C176%2C578%2C534%2C537%2C536%2C742%2C429%2C866%2C433%2C369%2C178%2C744%2C436%2C186%2C136%2C925%2C343%2C869%2C158%2C746%2C439%2C926%2C916%2C466%2C664%2C112%2C826%2C111%2C542%2C298%2C967%2C927%2C443%2C846%2C917%2C299%2C544%2C582%2C941%2C474%2C446%2C754%2C666%2C698&s=NGDPD&grp=0&a=11 April 2020 Check |url= value (help). Missing or empty |title= (help)
  5. ^ "IMF Data". data.imf.org. Retrieved 6 May 2020.
  6. ^ Census and Statistics Department Hongkong International Investment Position at Year-End 2014
  7. ^ Central Bank of the Republic of China (Taiwan) [1]
  8. ^ 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 6 May 2020.
  9. ^ Central Bank of Iceland [2]
  10. ^ European Central Bank International investment position of the euro area
  11. ^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2019-09-04.
  12. ^ [https://www.bea.gov/system/files/2020-05/gdp1q20_adv.pdf "Gross Domestic Product, First Quarter 2020 (Advance Estimate)"], Bureau of Economic Analysis.
  13. ^ "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 16 October 2019.
  14. ^ "5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2019". Australian Bureau of Statistics. 3 September 2019. Retrieved 22 November 2019.
  15. ^ "Department of Statistics Malaysia Official Portal". www.dosm.gov.my. Retrieved 2019-11-13.
  16. ^ "Department of Statistics Malaysia Official Portal". www.dosm.gov.my. Retrieved 2019-11-13.

External links [ edit ]

Statistics [ edit ]

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