__FORCETOC__ US Net International Investment Position

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

financial asset A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and participations in companies' share capital. Financial assets are usually more liquid than other tangible assets, such as ...

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 governments, corporations or citizens. External debt may be denominated in domestic or foreign currency. It incl ...

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 oc ...

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, it is ...

. 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 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. The price of a comm ...

and

currencies A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

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''.

History

The US was the world's largest

creditor A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property ...

until the 1960s. However, over the last few decades, the US has become the world's largest

debtor A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this ...

. Since the 1980s,

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

replaced the US as the world's largest creditor nation. With the ascent of the

Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is Hong Kong's central bank, central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. Th ...

's credit position since 2015,

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

(including Hong Kong and Macau),

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

and Japan have been competing for the top creditor position.

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 economy of the United States, macroeconomic and industry statistics, most notably reports about the gross domestic ...

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

History

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

See also

References

External links

Statistics