International Investment Positions

12:13 a.m. Monday, July 13th 2009.

I did a little research online to find the so-called "International Investment Position" (IIP) of several countries. This number is equal to the total public and private international assets a country has, minus its total public and private international debt. In the following table, I converted the numbers for each country's IIP at end-of-year 2008 into US Dollars, using Google's currency conversion. Then sorted it by IIP per capita:

Country IIP ($US, billions) IIP per capita ($US)
Japan 2442.3 19195
Germany 929.7 11287
Sweden 19.6 2163
United Kingdom 126.0 2067
Russia 254.1 1805
China 1519.0 1142
Canada 13.5 406
United States -3469.2 -11409
Australia -734.6 -34968

The figure for the U.S. is not nearly as bad as scaremongers would have you believe when they discuss only the debt figure. However, I don't have the slightest idea how Australia is going to dig themselves out of their hole.