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.
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