__FORCETOC__ The net international investment position (NIIP) is the difference between the external

financial asset A financial asset is a non-physical asset whose value is derived from a contractual claim, such as deposit (finance), bank deposits, bond (finance), bonds, and participations in companies' share capital. Financial assets are usually more market li ...

s and liabilities of a country.

External debt A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents. The debtors can be government, governments, corporation, corporations or citizens. External debt may be denominated in domestic or f ...

of a country includes

government debt A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occu ...

and

private debt In economics, consumer debt is the amount owed by consumers (as opposed to amounts owed by businesses or governments). It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. In macroeconomic terms, i ...

. External assets publicly and privately held by a country's legal residents are also taken into account when calculating NIIP.Ministry of Economic and Finance of Argentin
International Investment Position Methodology
page.1

Commodities In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Th ...

and

currencies A currency is a standardization of money in any form, in use or currency in circulation, circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use wi ...

tend to follow a cyclical pattern of significant valuation changes, which is also reflected in NIIP. The International investment position (IIP) of a country is a

financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to un ...

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.

World

In 1980, the United States net international-creditor position was bigger than the total net creditor-positions of all the other countries in the world. Only six years later, in 1986, when the nation’s international investment position was at a year-end negative $107.4 billion, the U.S. became a net-debtor nation for the first time since 1914, when its nominal debt had reached $2 billion. By 1990, the U.S. was the world's largest debtor By end-2020, the country’s net international-investment position was a negative $14 trillion, an amount representing how much more the U.S. owed to the rest of the world than the rest of the world owed to the U.S. At the end of 2022, it stood at a negative $16 trillion.

List of countries and regions by net international investment position (NIIP)

References

External links

Bureau of Economic Analysis The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United ...

br>Elena L. Nguyen: The International Investment Position of the United States at Yearend 2007. U.S.
* Bank of Japa
Japan’s International Investment Position at Year-End 2009
(Retrieved on June 30, 2011) * Deutsche Bundesbank (German Central Bank
International Investment Position - External Debt StatisticsEuropean 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 Statistic
Great Britain: International Investment Position, Table K
* Saint-Petersburg (Russia) statisti
Economic statistics of St. Petersburg
{{Authority control International macroeconomics International factor movements National accounts

World

List of countries and regions by net international investment position (NIIP)

See also

References

External links

Statistics