International investment position and external debt
The data capture residents’ assets and liabilities vis-à-vis non-residents and vice versa. These figures are calculated over time based on balance of payments transactions and valuation changes.
International investment position
In the third quarter, the net international investment position (i.i.p.) went up by €87 billion to €2.3 trillion, or 69% of gross domestic product (GDP). Valuation effects sent external assets, and liabilities, too, sharply higher to €9.6 trillion and €7.3 trillion, respectively.