13. The international investment position of the European Union (28 countries) is negative of 2,557.4 billion in
Question:
13. The international investment position of the European Union (28 countries) is negative of €2,557.4 billion in 2015, from €3,337.8 billion in 2014. The breakdown by country is as follows:
Assets Liabilities Net Net (% GDP)
Belgium 1,972.5 1,719.2 253.3 61.9 Bulgaria 37.9 64.7 –26.8 –60.7 Czech Republic 169.6 221.3 –51.7 –31.0 Denmark 793.8 682.1 111.7 42.0 Germany 7,900.6 6,418.6 1,482.0 49.0 Estonia 28.4 36.7 –8.3 –40.5 Ireland 4,747.4 5,279.5 –532.1 –208.0 Greece 243.4 477.5 –234.1 –133.0 Spain 1,640.9 2,615.8 –974.9 –90.2 France 6,422.1 6,780.2 –358.1 –16.4 Croatia 30.7 64.8 –34.1 –77.6 Italy 2,362.8 2,758.4 –395.6 –24.2 Cyprus 207.5 230.1 –22.5 –129.2 Latvia 30.5 44.9 –14.5 –59.3 Lithuania 22.9 39.7 –16.8 –45.2 Luxembourg 9,470.5 9,454.0 16.5 31.6 Hungary 269.7 339.5 –69.8 –64.1 Malta 223.1 219.1 4.0 45.4 Netherlands 7,583.2 7,171.8 411.4 60.8 Austria 892.9 877.4 15.5 4.6 Poland 209.7 471.2 –261.6 -61.1 Portugal 333.0 529.2 –196.2 -109.4 Assets Liabilities Net Net (% GDP)
Romania 57.7 138.2 –80.6 –50.2 Slovenia 40.3 55.1 –14.8 –38.5 Slovakia 51.8 106.1 –54.3 –69.6 Finland 697.8 705.8 –8.0 –3.8 Sweden 1,299.1 1,305.7 –6.6 –1.5 United Kingdom 13,443.1 13,809.8 –366.6 –14.2 What are the main creditor countries? What are the main debtor countries?
Explain. (Hint: refer to the analysis on Eurostat analysis: http://ec.europa.eu/eurostat/
statistics-explained/index.php/Economy_and_finance)
Step by Step Answer:
International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz