How did net creditor and net debtor countries perform between 2019 and 2021?

The net international investment position (NIIP) provides an aggregate view of the net financial position (assets minus liabilities) of a country vis-à-vis the rest of the world.

During the 2019 – 2021 period, NIIP has exhibited important changes with many of the main net creditors (as Japan, Germany, Hong Kong, Norway, Singapore, Netherlands, Switzerland, and Canada) accumulating net assets to increase their already large positive assets positions, while the United States deepening its very large net debtor position. The table in this post shows the NIIP in millions of US Dollars of the main creditors and debtors around the world and the changes between 2019 and 2021.

Out of the countries that were the main net creditors in 2019, all but China, Saudi Arabia, and Israel, exhibited increases in their net claims against the rest of the world. 

In the case of main debtors, in addition to the United States, the United Kingdom, France, Greece, Colombia, Pakistan, and Romania, registered increases in their net obligations with the rest of the world.

Meanwhile, other net debtors as Spain, Brazil, Ireland, Australia, Mexico, India, Indonesia, Turkey, Poland, Portugal, and New Zealand, redudeced their net obligations with the rest of the world.