Definition
A macroeconomic statistic that shows the value and composition, at a given moment, of the stock of financial assets of residents in an economy that constitute claims on non-residents and the liabilities of residents to non-residents. The net international investment position is calculated as the difference between assets and liabilities.
Further information
The Balance of Payments (BoP) together with the International Investment Position (IIP) make up the international accounts. These accounts provide an integrated framework for analyzing the economic relationships of an economy with the rest of the world. This framework presents a sequence of accounts summarized in the following chart.
As illustrated by the chart, changes in the IIP between two periods are explained by the transactions recorded in the financial account of the BoP and by other variations in assets and liabilities (other flows).
Gold held as reserve assets is also part of the financial asset position.
The Balance of Payments and the International Investment Position. Methodological Note.
Related concepts
References
Legal frame
- Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment
- 2012/120/EU: Guideline of the European Central Bank, of December 9, 2011, on the statistical reporting requirements of the European Central Bank in the field of external statistics (recast version) (ECB/2011/23).
- Regulation (EU) No 549/2013 of the European Parliament and of the Council, of 21 May 2013, on the European system of national and regional accounts in the European Union.
- Real Decreto 1225/2024, de 3 de diciembre, por el que se aprueba el Plan Estadístico Nacional 2025-2028.
Links to data tables
Selection of tables
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Summary table of Balance of Payments/ International Investment Position. Quarterly data.
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Summary table of Balance of Payments/ International Investment Position. Quarterly data.
Other resources
- BExplore the external statistics (interactive charts).
- In brief. Graphical summary of external statistics.
- Posición de Inversión Internacional (vídeo).
Update date: May 2025
