The difference between a country's external financial assets and liabilities is its net international investment position (NIIP). A country's external debt includes both its government debt and private debt, and similarly its public and privately held (by its legal residents) external assets are also taken into account when calculating its NIIP.
A country's international investment position (IIP) is a financial statement setting out the value and composition of that country's external financial assets and liabilities.
Read more about Net International Investment Position: List of Countries By Net International Investment Position
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