RDP 9405: External Debt and Liabilities of Industrial Countries Appendix C: Details of Country Data
November 1994
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This appendix provides detailed information on how the data from the various sources are arranged into a common framework. It is very detailed and is designed to be used along with the quoted sources.
| Country | Direct | Portfolio and Other | ||||
|---|---|---|---|---|---|---|
| Total | Debt | Equity | Total | Debt | Equity | |
| Australia | Published | Published | Published | Published | Published | Published |
| Austria | Published | Published | Published | Published | Published | Published |
| Belgium-Lux. | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished |
| Canada | Published | Published | Published | Published | Published | Published |
| Denmark | Published | Unpublished | Unpublished | Published | Published | Published |
| Finland | Published | Unpublished | Unpublished | Published | Unpublished | Unpublished |
| France | Published | Unpublished | Unpublished | Published | Unpublished | Unpublished |
| Germany | Unpublished | Unpublished | Unpublished | Published | Unpublished | Unpublished |
| Greece | n.a. | Published | n.a. | n.a. | Published | n.a. |
| Iceland | n.a. | Published | n.a. | n.a. | Published | n.a. |
| Ireland | n.a. | Published | n.a. | n.a. | Published | n.a. |
| Italy | Published | Unpublished | Unpublished | Published | Unpublished | Unpublished |
| Japan | Published | Published | Published | Published | Published | Published |
| Netherlands | Published | Unpublished | Unpublished | Published | Published | Published |
| New Zealand | Published | Published | Published | Published | Published | Published |
| Norway | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished |
| Portugal | n.a. | Published | n.a. | n.a. | Published | n.a. |
| Spain | Published | Published | Published | Published | Published | Published |
| Sweden | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished | Unpublished |
| Switzerland | Published | Published | Published | Published | Published | Published |
| UK | Published | n.a. | n.a. | Published | Published | Published |
| US | Published | Unpublished | Unpublished | Published | Unpublished | Unpublished |
C.1 Industrial Countries
Australia
| Sources 1. | IMF, International Financial Statistics. |
| 2. | ABS, Australian National Accounts, Cat No. 5206.0. |
| 3. | ABS, International Investment Position, Australia, Cat No. 5305.0, Table 4 (from PC Ausstats). |
| 4. | ABS, International Investment Position, Australia, Cat No. 5306.0, Table 6 (from PC Ausstats). |
GDP: GDP(I) (Source 2, Table 69).
Exports of Goods and Services : (Source 2, Table 69).
US$/A$ exchange rate : End June (Source 1).
External Assets and Liabilities
Total External Assets: Australian Investment Abroad-Total (Sources 3 & 4)[18].
Direct Investment Assets: Direct Investment-Total (Sources 3 & 4).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Total Official (Sources 3 & 4).
Bank Assets: Bank Lending Abroad-Portfolio and Other Investment (Source 3, table ‘Bank Borrowing and Lending: Capital Transactions and Levels’).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Direct Investment-Corporate Equities plus Net Equity in Branches plus Portfolio and Other Investment-Corporate Equities (Sources 3 & 4).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Foreign Investment in Australia-Total (Sources 3 & 4).
Direct Investment Liabilities: Direct Investment-Total (Sources 3 & 4).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Total Official (Sources 3 & 4).
Bank Liabilities: Bank Borrowing Abroad-Portfolio and Other Investment (Source 3, table ‘Bank Borrowing and Lending: Capital Transactions and Levels’).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Direct Investment-Corporate Equities plus Net Equity in Branches plus Portfolio and Other Investment-Corporate Equities (Sources 3 & 4).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Austria
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 3 unless otherwise stated. |
| 3. | IMF, Government Statistics Yearbook, 1992. |
| 4. | Austrian National Bank, Austrian National Bank 1985 Annual Report, table ‘Austria's Net Foreign Asset Position’, page 52. |
| 5. | Austrian National Bank, ‘Austria's International Investment Position: Structural Analysis Based on the Results for 1992’, Reports and Summaries of the Austrian National Bank, 1/1994. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services : (Source 1).
Schillings/US$ exchange rate : End December (Source 1).
External Assets and Liabilities
Total External Assets: 1992; Total Foreign Investment Position (Source 5): 1984, 1989–91; Sum of all identified assets (Source 2): 1985; Foreign Assets-Sub Total (Source 4): 1986–88; Interpolate between 1985 and 1989.
Direct Investment Assets: 1992; Direct Investment-Asset (Source 5): 1984, 1989–91; Direct Investment Abroad (Source 2): 1985–1988; 1984 stock plus flows from Source 2, Table 2.
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: 1992; Debt Securities-Long-Term-Public Sector plus Loans/Deposits-Long-Term-Public Sector plus Other-Short-Term-Public Sector plus Reserve Assets (Source 5): 1984, 1989–91; Other Long-Term Capital of the Resident Official Sector-Loans (line 62/63) and Other Assets (line 64) plus Short-Term Capital of the Resident Official Sector-Other Assets (line 85) plus Reserves (Source 2): 1986–88; As above but flows from Source 2, Table 2 used for assets other than Reserves where the stocks are available in Table 3: 1985; Foreign Assets-Austrian National Bank and Foreign Assets-Public Authorities (Source 4).
Bank Assets: 1992; Equity Securities-Banks plus Debt Securities-Long-Term-Banks plus Debt Securities-Short-Term-Banks plus Loans/Deposits-Long-Term-Banks plus Loans/Deposits-Short-Term-Banks (Source 5): 1984–1991; Domestic Money Bank-Foreign Assets (Source 1, line 7ad).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1992; Direct Investment-Equity Contributions plus Portfolio Investment-Equity Securities (Source 5).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1992; Total Foreign Investment Position-Liabilities (Source 5): 1984–1991; Sum of all identified liabilities (Source 2): 1985; Foreign Liabilities-Sub Total (Source 4): 1986–88; Interpolate between 1985 and 1989.
Direct Investment Liabilities: 1992; Direct Investment (Source 5): 1984, 1989–91; Direct Investment in Austria (Source 2): 1985–1988; 1984 stock plus flows from Source 2, Table 2.
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1992; Debt Securities Long-Term Public Sector plus Loans/Deposits Long-Term Public Sector plus Loans/Deposits Short-Term Public Sector plus Other Short-Term Public Sector (Source 5): 1984, 1989–91; Portfolio Investment-Other Liabilities (line 55) plus Other Long-Term Capital of Resident Official Sector-Other Loans Received (line 66/67) and Other Liabilities (line 65) plus Other Short-Term Capital of Resident Official Sector-Other Liabilities (line 88) (Source 2): 1985; Foreign Liabilities Austrian National Bank and Public Authorities (Source 4): 1986–88 ; Foreign Debt (Table F, Source 3).
Bank Liabilities: 1992; as for assets: 1984–91; Domestic Money Banks-Foreign Liabilities (Source 1, line 7bd).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: as for assets.
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Belgium-Luxembourg
| Sources 1. | IMF, International Financial Statistics. |
| 2. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 2. |
| 3. | Data obtained from Banque Nationale de Belgique |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Belgium Francs/US$ exchange rate : End December (Source 1).
External Assets and Liabilities
Stock data from the Banque Nationale de Belgique are for 1984–90. Flows are used to derive the data for 1991–92 from Source 2 as outlined below.
Total External Assets: 1984–90; Grand Total-Assets (Source 3): 1991–92; flows of all identified assets accumulated on 1990 stock (Source 2).
Direct Investment Assets: 1984–90; Direct Investment (Source 3): 1991–92; flows of Direct Investment Abroad accumulated on 1990 stock (Source 2).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: 1984–90; General Government plus National Bank of Belgium (Source 3): 1991–92; accumulated flows as follows on 1990 stock-Other Long-Term Capital of Resident Official Sector-Loans Extended (line 62/63) & Other Assets (line 64) plus Other Short-Term Capital of the Resident Official Sector-Other Assets (line 85) plus Reserves (Source 2).
Bank Assets: 1984–90; Financial Intermediaries (Source 3): 1991–92; accumulated flows as follows on 1990 stock--Other Long Term-Capital of Deposit Money Banks-Other Assets (line 71) plus Other Short-Term Capital of Domestic Money Banks-Assets (line 89) (Source 2).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1984–90; Direct Investment-Equity plus Portfolio Shares (Source 3): 1991–92; accumulated flows as follows on 1990 stock--Direct Investment Abroad-Equity Capital (line 45) plus Portfolio Investment-Corporate Equities-Assets (line 59).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1984–90; Grand Total-Liabilities (Source 3): 1991–92; flows of all identified liabilities accumulated on 1990 stock (Source 2).
Direct Investment Liabilities: 1984–90; Direct Investment (Source 3): 1991–92; flows of Direct Investment in Belgium-Luxembourg accumulated on 1990 stock (Source 2).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1984–90; General Government plus National Bank of Belgium (Source 3): 1991–92; accumulated flows as follows on 1990 stock--Portfolio Investment-Public Sector Bonds-Other Liabilities (line 55) plus Other Long Term Capital of Resident Official Sector-Other Loans Received (line 66/67) & Other Liabilities (line 68) plus Other Short-Term Capital of Resident Official Sector-Other Liabilities (line 88) (Source 2).
Bank Liabilities: 1984–90; Financial Intermediaries (Source 3): 1991–92; accumulated flows as follows on 1990 stock--Other Long-Term Capital of Domestic Money Banks-Other Liabilities (line 76) plus Other Short-Term Capital of Domestic Money Banks-Other Liabilities (line 92) (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1984–90; Direct Investment-Equity plus Portfolio Shares (Source 3): 1991–92; accumulated flows as follows on 1990 stock--Direct Investment in Belgium-Luxembourg-Equity Capital (line 49) plus Portfolio Investment-Corporate Equities-Other Liabilities (line 61).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Canada
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Statistics Canada, Canada's International Investment Position 1993, Catalogue No. 67–202. |
| 3. | Statistics Canada, Canada's International Investment Position; Historical Statistics 1926 to 1992, Catalogue No. 67–202. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
C$/US$ exchange rate : End December (Source 1).
External Assets and Liabilities
Total External Assets: Total Assets as per Table 1 with the gross foreign currency assets of banks with non residents from Table 20 used instead of net as in Table 1 (Source 2).
Direct Investment Assets: Direct Investment Abroad (Source 2, Table 1).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Government of Canada, Direct & Enterprises; International Reserves and Loans and Subscriptions (Source 2, Table 1).
Bank Assets: Canadian Banks' Foreign Currency Position with Non-Residents (Source 2, Table 20).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Direct Investment Abroad-Equity (Source 2, Table 6) plus Portfolio Foreign Stocks (Source 2, Table 1). 1993 Direct Investment Abroad-Equity is estimated by assuming the split between debt and equity is the same as in 1992 and applying this to the total stock of Direct Investment in 1993.
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Total as per Table 1 but the gross foreign currency liabilities of banks with non-residents from Table 20 is used instead of net as in Table 1 (Source 2).
Direct Investment Liabilities: Direct Investment in Canada (Source 2, Table 1).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Investment in Debt of Canadian Governments-Total (Source 2, Table 24).
Bank Liabilities: Canadian Banks' Foreign Currency Position With Non-Residents (Source 2, Table 20).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Direct Investment in Canada-Equity (Source 2, Table 14) plus Portfolio Foreign Stocks (Source 2, Table 1). 1993 Direct Investment in Canada-Equity is estimated by assuming the split between debt and equity is the same as in 1992 and applying this to the total stock of Direct Investment in 1993.
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities:As above.
Non-Official Liabilities: External Debt less Official Liabilities
Denmark
| Sources 1. | IMF, International Financial Statistics. |
| 2. | Danmark Nationalbank, Danmark's Nationalbank Report and Accounts for the Year, various issues, table ‘Denmark's foreign debt’. The data from Source 4 provides a consistent series of the data published in this source. Also, some greater detail is obtained. |
| 3. | Danmark Nationalbank, ‘Revised Compilation of Denmark's Foreign Debt’, Danmark's Nationalbank Monetary Review, May 1994 pp.11–19. |
| 4. | Data obtained from Danmark Nationalbank. |
| 5. | Danmark Nationalbank, Danmarks Nationalbank Monetary Review, May 1994, table titled ‘Recorded Capital Payments from and to Foreign Countries’. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Danish Kroner/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: 1991–93; Total less Direct Investment-Foreign Investments in Denmark-Assets less Direct Investment-Danish Investment Abroad-Liabilities (Source 3): 1984–90; Private Non-bank Sector plus Banking Sector plus Central Bank plus Public Sector (Sources 2 & 4).
Direct Investment Assets: 1991; Danish Investment Abroad-Assets less Danish Investment Abroad-Liabilities (Source 3): 1992–93; flow Direct Investment-Outward-Expenditure & Income from Source 5 added to 1991 stock.
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: 1991–93; The National bank plus Central Government plus Counties and Local Government plus Social Security Funds (Source 3).
Bank Assets: 1991–93; The Banks (Source 3).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Shares (Source 4) plus Danish Investment Abroad-Equity (1991 is from Source 4: 1984–90 decumulates using the flow Net Income-Direct Investment-Outward from Source 5: 1992–93; assumes debt/equity split is unchanged from 1991 for direct investment and applies this to the estimate of direct investment assets).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: 1991–93; As above: 1984–90; National bank plus Central Government (Source 4).
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1991–93; Total less Direct Investment-Foreign Investments in Denmark-Assets less Direct Investment-Danish Investment Abroad-Liabilities (Source 3): 1984–90; Private Non-bank Sector plus Banking Sector plus Central Bank plus Public Sector (Sources 2 & 4).
Direct Investment Liabilities: 1991; Foreign Investment in Denmark-Liabilities less Foreign Investment in Denmark-Asset (Source 3): 1992–93; flows Direct Investment-Outward-Expenditure & Income from Source 5 added to 1991 stock.
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1991–93; The National bank plus Central Government plus Counties and Local Government plus Government Paper Issued in Denmark (Source 3).
Bank Liabilities: 1991–93; The Banks (Source 3).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Shares (Source 4) plus Foreign Investment in Denmark-Equity (1991 is from Source 4: 1984–90 decumulates using the flow Net Income-Direct Investment-Inward from Source 5: 1992–93; assumes debt/equity split is unchanged from 1991 for direct investment and applies this to the estimate of direct investment liabilities).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: 1991–93; As above: 1984–90; Central Bank plus Central Government plus Government Bonds Issued in Denmark (Source 4).
Non-Official Liabilities: External Debt less Official Liabilities.
Finland
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Bank of Finland, Bank of Finland Bulletin, table ‘Finland's Foreign Debt’. |
| 3. | Data obtained from the Bank of Finland (provides consistent long-run data as provided in Source 2 as well as data on equity assets and liabilities). |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Markkaa/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Long-Term Assets-Total plus Short-Term Assets-Total (Table 6.3 & 6.4 Source 2 and Source 3)
Direct Investment Assets: Direct Investment Abroad (Table 6.3 Source 2 and Source 3).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Long-Term Assets-Central Government plus Short-Term Assets of the Bank of Finland (Tables 6.3 & 6.4, Sources 2 and 3).
Bank Assets: Short-Term Assets of Authorised Banks (Table 6.3, Sources 2 and 3) plus Long-Term Assets-Banks (Table 6.4, Sources 2 and 3) less (for 1990–93) Direct Investment-Assets-Banks (Source 3).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Direct Investment Equity Capital plus Portfolio Investment Abroad-Shares (Source 3).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Long-Term Liabilities-Total plus Short-Term Liabilities-Total (Tables 6.3 and 6.4, Sources 2 and 3).
Direct Investment Liabilities: Direct Investment in Finland (Table 6.3, Sources 2 and 3).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Bank of Finland's Short-Term Liabilities (Table 6.3, Sources 2 and 3) plus Long-Term Liabilities-Central Government (Table 6.4 Sources 2 and 3).
Bank Liabilities: Short-Term Liabilities of Authorised Banks (Source 2, Table 6.3) plus Long-Term Liabilities Banks (Tables 6.3 and 6.4, Sources 2 and 3) less (for 1990–93) Direct Investment-Liabilities-Banks (Source 3).
Non-bank Liabilities: Gross Portfolio and Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Direct Investment Equity Capital plus Portfolio Investment in Finland-Shares (Source 3).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
France
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Ministry For Economic Affairs/Banque de France, Balance of Payments Annual Report, 1992 & 1993 issues, table ‘France's International Investment Position’. |
| 3. | Data obtained from Banque de France. |
| 4. | Banque de France, Banque de France Bulletin, Digest No. 3 March 1994, Table 5, page S8. |
| 5. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 2. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
French Francs/US$ exchange rate: End Year (Source 1).
External Assets and Liabilities
1984–88 data is derived using flow data from Source 5 to decumulate the 1989 stock. See Belgium-Luxembourg for a guide to the way the flow data are allocated to the various categories.
Total External Assets: 1989–93; Grand Total-Claims (Source 2).
Direct Investment Assets: 1989–93; French Direct Investment Abroad (Bank and Non-Bank) (Source 2).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Liabilities.
Official Assets: 1989–93; Official Sector-Total Claims (Source 2).
Bank Assets: 1989–93; Banking Sector-Total Claims less Direct Investment (Source 2).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1989–91; Direct Investment-Equity plus Portfolio Foreign Shares Held By Residents (Source 3): 1992–93; debt/equity split of direct investment in 1991 used to allocate the known stock of total direct investment in 1992–93 into equity and debt plus in 1992 Portfolio Foreign Shares Held By Residents (Source 3) and for 1993 flow from Source 4 added to 1992 stock of portfolio shares.
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1993; Total Liabilities (Source 2).
Direct Investment Liabilities: 1989–93; Direct Investment (Bank and Non-Bank) (Source 2).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities
Official Liabilities: 1989–93; Official Sector-Liabilities (Source 2).
Bank Liabilities: 1989–93; Banking Sector-Total Liabilities less Direct Investment (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1989–91; Direct Investment-Equity plus French Shares Held By Non-Residents (Source 3): 1992–93; debt/equity split of direct investment in 1991 used to allocate the known total stock of total direct investment in 1992–93 into equity and debt plus in 1992 Portfolio French Shares Held By Non-Residents (Source 3) and for 1993 flow from Source 4 added to 1992 stock of portfolio shares.
External Debt: Total External Liabilities less Equity Liabilities
Official Liabilities: As above
Non-Official Liabilities: External Debt less Official Liabilities.
Germany
| Sources 1. | IMF, International Financial Statistics. |
| 2. | Deutsche Bundesbank, Deutsche Bundesbank Zahungsbilanzstatistick: Statistisches Becheft zum Monatsbericht, various issues, Table 7a unless otherwise stated. |
| 3. | Data obtained from Deutsche Bundesbank. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
DM/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Assets-Total (Source 2, column 1).
Direct Investment Assets: Credit Institutions-Direct Investment (Source 2, col. 8) plus Direct Investment of Enterprises and Individuals (Source 2, col. 18) plus Direct Investment Debt (Source 3). For Direct Investment Debt, flows of German Investment Abroad-Other Investment Balance (column 11) are used for 1992 & 1993 to estimate the stock from Source 2, Table 6(c).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Public Authorities-Total (Source 2, col. 20) plus Bundesbank (Source 2, col. 2).
Bank Assets: Credit Institutions-Total (Source 2, col. 3) less Credit Institutions Direct Investment (Source 2, col. 8).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Credit Institutions-Direct Investment (Source 2, col. 8) plus Direct Investment of Enterprises and Individuals (Source 2, col. 18) plus Portfolio Shares (Source 3).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Total Liabilities (Source 2, col. 1).
Direct Investment Liabilities: Credit Institutions-Direct Investment (Source 2, col. 8) plus Direct Investment of Enterprises and Individuals (Source 2, col. 18) plus Direct Investment Debt (Source 3). For Direct Investment Debt, flows of Foreign Investment in Germany-Other Investment Balance (column 24) are used for 1992 & 1993 to estimate the stock from Source 2, Table 6(c).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Public Authorities-Total (Source 2, col. 20) plus Bundesbank (Source 2, col. 2).
Bank Liabilities: Credit Institutions-Total (Source 2, col. 3) less Credit Institutions Direct Investment (Source 2, col.8).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Credit Institutions-Direct Investment (Source 2, col. 8) plus Direct Investment of Enterprises and Individuals (Source 2, col. 18) plus Portfolio Shares (Source 3).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Greece
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | OECD, Financing the External Debt of Developing Countries, 1992 Survey. |
| 3. | OECD, External Debt Statistics at end December 1992. |
| 4. | Bank of Greece, Bank of Greece Report, various issues, table ‘Greece's External Debt’. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Drachmas/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: not available.
Direct Investment Assets: not available.
Gross Portfolio & Other Assets: not available.
Official Assets: not available.
Bank Assets: not available.
Non-bank Assets: not available.
Equity Assets: not available.
Non-Equity Assets: Official Assets plus Non-Official Assets.
Official Assets: Total Reserves minus gold (line 1ld) plus Gold (National Valuation) (line 1and) (Source 1).
Non-Official Assets: Domestic Money Banks-Foreign Assets (Source 1, line 7ad) plus Cross Border Bank Deposits of Non-banks by Residence of Depositor (Source 1, 7xr d).
Total External Liabilities: not available.
Direct Investment Liabilities: not available.
Gross Portfolio & Other Liabilities: not available.
Official Liabilities: not available.
Bank Liabilities: not available.
Non-bank Liabilities: not available.
Equity Liabilities: not available.
External Debt: 1984–91; Total Identified Debt (Source 2): 1992; Total (Source 3).
Official Liabilities: Medium and Long-Term-Central Government and Local Authorities and Bank of Greece plus Short-Term-Central Government and Bank of Greece (Source 4).
Non-Official Liabilities: External Debt less Official Liabilities.
Iceland
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Data obtained from Central Bank of Iceland (data provided here provides greater detail than available in Source 3). |
| 3. | Central Bank of Iceland, Central Bank of Iceland Annual Report. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Kronur/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: not available.
Direct Investment Assets: not available.
Gross Portfolio & Other Assets: not available.
Official Assets: not available.
Bank Assets: not available.
Non-bank Assets: not available.
Equity Assets: not available.
Non-Equity Assets: Portfolio Investment-Assets plus Foreign Assets plus Gross Foreign Reserves (Source 2).
Official Assets: Foreign Assets-Public Sector plus Gross Foreign Reserves (Source 2).
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: not available.
Direct Investment Liabilities: not available.
Gross Portfolio & Other Liabilities: not available.
Official Liabilities: not available.
Bank Liabilities: not available.
Non-bank Liabilities: not available.
Equity Liabilities: not available.
External Debt: Portfolio Liabilities plus Total Long-Term Debt plus Short-Term Debt plus Central Bank's Net Reserves-Short-Term Liabilities (Source 2).
Official Liabilities: Public Sector-Treasury and Municipalities plus Central Bank plus Short-Term Debt-Public Sector plus Central Bank's Net Reserves-Short-Term Liabilities (Source 2).
Non-Official Liabilities: External Debt less Official Liabilities.
Ireland
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Central Bank of Ireland, Central Bank of Ireland Annual Report, various issues. |
GDP: Nominal GDP (Source 1)
Exports of Goods and Services: (Source 1)
Irish Pounds/US$ exchange rate: End December (Source 1)
External Assets and Liabilities
Total External Assets: not available.
Direct Investment Assets: not available.
Gross Portfolio & Other Assets: not available.
Official Assets: not available.
Bank Assets: not available.
Non-bank Assets: not available.
Equity Assets: not available.
Non-Equity Assets: Official plus Non-Official Assets.
Official Assets: Total (Source 2, Table A1)).
Non-Official Assets: 1990–93; Credit Institutions-Total Assets (Source 2, Table C3 2. Vis-a-Vis Non-Residents): 1984–89; All Licensed Banks, Total Assets (Source 2, Table C3) plus (for 1984–93) State Sponsored Bodies-Total External Assets (Source 2, Table D8).
Total External Liabilities: not available.
Direct Investment Liabilities: not available.
Gross Portfolio & Other Liabilities: not available.
Official Liabilities: not available.
Bank Liabilities: not available.
Non-bank Liabilities: not available.
Equity Liabilities: not available.
External Debt: Official Liabilities plus Non-Official Liabilities.
Official Liabilities: EMCF Debtor Position plus External Government Debt (Source 2, Table D1) plus (for 1986–1993) Amounts Held by Non-Residents (Source 2, Table D2).
Non-Official Liabilities: 1990–92; Credit Institutions-Total Liabilities less Capital Employed (Source 2, Table C3 2. Vis-a-Vis Non-Residents): 1984–89; All Licensed Banks-Total Liabilities less Capital Employed (Source 2, Table C3) plus (for 1984–93) State Sponsored Bodies-Total External Liabilities (Source 2, Table D8).
Italy
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Banca D' Italia, Assemblea Generale Ordinaria Dei Partecipanti 1993, Table aB 59, Posizione Dell' Italia Verso L' Estero. |
| 3. | Data obtained from Banca D' Italia. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Lire/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Attivita plus Banca Centrale-Attivita (Source 2).
Direct Investment Assets: Diretti (Source 2).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Banca Centrale-Attivita plus Prestiti-Pubblici (Source 2).
Bank Assets: Capitali Bancari (Source 2).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1988–92; Azionia (Source 3).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Passivita plus Banca Centrale-Passivita (Source 2).
Direct Investment Liabilities: Diretti (Source 2).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Banca Centrale-Passivita plus Prestiti-Pubblici (Source 2).
Bank Liabilities: Capitali Bancari (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1988–92; Azionip (Source 3).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Japan
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Bank of Japan, Economic Statistics Annual 1992, Table 124 ‘External Assets and Liabilities of Japan’. |
| 3. | Data obtained from Bank of Japan. |
| 4. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 3. |
| 5. | Bank of Japan, Bank of Japan Economic Statistics June 1994, Table 91 ‘Balance of Payments – Long-Term Capital’. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Yen/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Total Assets (Sources 2 & 3).
Direct Investment Assets: Direct investments (Sources 2 & 3).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Long Term Assets-Government Sector plus Short-Term Assets-Government Sector (Sources 2 & 3).
Bank Assets: Deposit Money Banks-Foreign Assets (Source 1, line 7ad).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: not available.
Non-Equity Assets: not available.
Official Assets: not available.
Non-Official Assets: not available.
Total External Liabilities: Total Liabilities (Sources 2 & 3).
Direct Investment Liabilities: Direct Investments (Sources 2 & 3).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Long-Term Liabilities-Government Sector plus Short-Term Liabilities-Government Sector (Sources 2 & 3).
Bank Liabilities: Deposit Money Banks-Foreign Liabilities (Source 1, line 7bd).
Non-bank Market Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1984–92: Direct Investment in Japan-Equity Capital (line 49) plus Portfolio Investment-Corporate Equities-Other Liabilities (line 61) (Source 4); 1993 assumes direct investment equity unchanged with flow for portfolio share holdings from Liabilities-Securities-Stocks and Bonds added to the 1992 stock (Source 5).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
The Netherlands
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Data from the OECD, sourced originally from De Nederlanchsche Bank Statistical Information and Reporting Department. |
| 3. | Data obtained from De Nederlanchsche Bank. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Guilder/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: 1984–85; Total of all identified assets (Source 2): 1986–92; Total Claims (Source 3) plus Gold (National Valuation) (Source 1, line 1and).
Direct Investment Assets: 1984–85; Direct Investment Abroad (Source 2, lines 45 and 48): 1986–92; Direct Investment-Total (Source 3).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: 1984–85; Other Long-Term Capital of Resident Official Sector-Loans Extended (line 62/63) & Other Assets (line 64) plus Other Short-Term Capital of the Resident Official Sector-Other Assets (line 85) plus Reserves (Sources 2): 1986–92; Public Authorities-Total Claims (Source 3) plus Total Reserves minus Gold (Source 1, line 1ld) plus Gold (National Valuation) (Source 1, line 1and)
Bank Assets: 1984–85, 1991–92; Domestic Money Banks-Foreign Assets (Source 1, line 21): 1986–1990; Banking System – Total Claims less Direct Investment (Source 3) less Foreign Exchange Reserves (Source 1, line 1dd).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1984–85; Direct Investment Abroad-Equity Capital (line 45) plus Portfolio Investment-Corporate Equities-Assets (line 59) (Source 2): 1986–92; Shares-Total plus Direct Investment-Equity (Source 3).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1984–85; Total of all identified liabilities (Source 2): 1986–92; Total Liabilities (Source 3).
Direct Investment Liabilities: 1984–85; Direct Investment in Netherlands (Source 2): 1986–92: Direct Investment-Total (Source 3).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1984–85; Portfolio Investment-Public Sector Bonds-Other Liabilities (line 55) plus Other Long-Term Capital of Resident Official Sector-Other Loans Received (line 66/67) plus Short-Term Capital-Resident Official Sector-Liabilities Constituting Foreign Authorities Reserves and Other Loans Received (line 87) and Other Liabilities (line 88) (Source 2): 1986–90; Public Authorities-Total Liabilities: 1991–92; Debt-Foreign (Source 1, line 89a).
Bank Liabilities: 1984–85, 1991–92; Domestic Money Banks-Foreign Liabilities (Source 1, line 26c): 1986–90; Banking System-Total Liabilities less Banking System-Direct Investment (Source 3).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1984–85; Direct Investment in Netherlands-Equity Capital (line 49) plus Portfolio Investment-Corporate Equities-Liabilities (line 61) (Source 2): 1986–92; Shares-Total plus Direct Investment-Equity (Source 3).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
New Zealand
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Statistics New Zealand, New Zealand's International Investment 1992/93. |
| 3. | Statistics New Zealand, New Zealand's International Investment 1990/91. |
| 4. | Reserve Bank of New Zealand, Reserve Bank of New Zealand Bulletin, Table C4 ‘New Zealand's Overseas Debt’. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
NZ$/US$ exchange rate: End March (Source 1).
External Assets and Liabilities
Total External Assets: NZ Investment Abroad (Source 2, Table 1).
Direct Investment Assets: Direct Investment (Source 2, Table 3).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Assets-Official (Source 2, Table 2).
Bank Assets: Deposit Money Banks-Foreign Assets (Source 1, line 21).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Direct Investment-Equity plus Portfolio and Other Investment-Equity (Source 2, Table 2).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Foreign Investment in NZ (Source 2, Table 2).
Direct Investment Liabilities: Foreign Investment in NZ-Direct Investment (Source 2, Table 2).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1989–91; Official (Source 3, Table 2): 1992–93; Government (Source 4).
Bank Liabilities: Deposit Money Banks-Foreign Liabilities (Source 1, line 26c).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Direct Investment-Equity plus Portfolio Other Investment-Equity (Source 2, Table 2).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Norway
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Data obtained from Norges Bank. Data received classifies external assets and liabilities by type of instrument and by sector, the latter is a long-run of what appears in Source 3. Also, estimates of direct investment assets and liabilities were obtained that supplement work published in Sources 4 and 5. |
| 3. | Norges Bank, Norges Bank Economic Bulletin, table ‘Norway's Foreign Assets and Debt’. |
| 4. | Norges Bank, Norges Bank Economic Bulletin, 3/91, Table 1, page 176. |
| 5. | Norges Bank, Norges Bank Economic Bulletin, 1/93, Table 1, page 59. |
| 6. | IMF, Government Financial Statistics 1992. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Norwegian Kroner/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Total-All Sectors (Sources 2 & 3).
Direct Investment Assets: Outward Direct Investment-Total (Sources 2 & 4).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Treasury plus Local Government & Municipal Enterprises plus Norges Bank (Sources 2 & 3).
Bank Assets: Postal Giro and Post Office Saving Bank plus State Banks plus Commercial Banks and Savings Banks (Sources 2 & 3).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Assets-Shares/Share capital (Source 2).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Total-All Sectors (Sources 2 & 3).
Direct Investment Liabilities: Foreign Direct Investment in Norway-Total (Sources 2 & 5).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: 1984–90; Debt-Norges Bank (Sources 2 & 3) plus Central Government-Foreign Debt (Source 6, Table F) plus Local Government-Foreign Debt (Source 6, Table L:F): 1991–93; Debt-Treasury plus Debt-Local Government plus Debt-Norges Bank (Source 3).
Bank Liabilities: Postal Giro and Post Office Saving Bank plus State Banks plus Commercial Banks and Savings Banks (Source 2 & 3).
Non-Bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Debt-Shares/Share capital (Source 2).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Portugal
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | World Bank, World Tables 1993. |
GDP: Nominal GDP (Source 1)
Exports of Goods and Services: (Source 1)
Escudos/US$ exchange rate: End December (Source 1)
External Assets and Liabilities
Total External Assets: not available.
Direct Investment Assets: not available.
Gross Portfolio & Other Assets: not available.
Official Assets: not available.
Bank Assets: not available.
Non-bank Assets: not available.
Equity Assets: not available.
Non-Equity Assets: Official Assets plus Non-Official Assets.
Official Assets: Total Reserves minus gold (line 1ld) plus Gold (National Valuation) (line 1and) (Source 1).
Non-Official Assets: Domestic Money Banks-Foreign Assets (Source 1, line 7ad) plus Cross Border Bank Deposits of Non-banks by Residence of Depositor (Source 1, 7xr d).
Total External Liabilities: not available.
Direct Investment Liabilities: not available.
Gross Portfolio & Other Liabilities: not available.
Official Liabilities: not available.
Bank Liabilities: not available.
Non-Bank Liabilities: not available.
Equity Liabilities: not available.
External Debt: External Debt-Total (Source 2).
Official Liabilities: Long-Term Debt-Central Bank plus Central Government plus Rest of General Government (Source 2).
Non-Official Liabilities: External Debt less Official Liabilities.
Spain
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Banco de Espana, Banco de Espana Boletin Estadistiro, various issues. |
| 3. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 3. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Pesetas/US$ exchange rate: End December (Source 1).
External Assets and Liabilities
Total External Assets: Activos Exteriores-Total (Source 2, Table 19.1).
Direct Investment Assets: Direct Investment Abroad (Source 3, Table 3). For 1992, add to 1991 stock the flow from Table 2, Source 3.
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Reservas Centrales plus Banco de Espana-Otros Activos (Source 2, Table 19A).
Bank Assets: Efectivo y depositos de entidades de deposito-Total (Source 2, Table 19A).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Titulos de renta variable plus inversions en inmuebles (Source 2, Table 19.2).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Pasivos Exteriores-Total (Source 2, Table 19.2 Resumen de Pasivos).
Direct Investment Liabilities: Direct Investment in Spain (Source 3). For 1992, add to 1991 stock the flow from Table 2, Source 3.
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: Banco de Espana Pasivos (Source 2, Table 19.2, Resumen de Pasivos) plus Administraciones Publicas-Total (Source 2, Table 19.4 Passivos Exteriores Deuda Exterior Resumen).
Bank Liabilities: Depositos de entidades-excluda deuda intermediada-Total (Source 2, Table 19.2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Titulos de renta variable plus inversions en inmuebles (Source 2, Table 19.2 Resumen de activos).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Sweden
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Special request from Sveriges Riksbank. |
| 3. | Sveriges Riksbank, Sveriges Riksbank Quarterly Review, 1994:1, Table 20 ‘Capital Balance’. |
| 4. | Sveriges Riksbank, Sveriges Riksbank Quarterly Review, 1988:2, Table 5, page 14. |
| 5. | Sveriges Riksbank, Sveriges Riksbank Quarterly Review, 1990:2, Table 4, page 19. |
GDP: Nominal GDP (Source 1)
Exports of Goods and Services: (Source 1)
Kronor/US$ exchange rate: End December (Source 1)
External Assets and Liabilities
Total External Assets: 1984–92; Total (Source 2): 1993; Total Financial Position plus Direct Investment (see below) plus Portfolio Shares with the flow Trade in Shares-Foreign Shares (Source 3) for 1993 added to 1992 stock.
Direct Investment Assets: 1984–92; Direct Investments: 1993; 1992 stock with flow Direct Investment-Outward (Source 3) added.
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Central Government plus Reserves plus Local Government (Source 2).
Bank Assets: Banks (Source 2).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: 1989–93; Taxed Equity plus Untaxed Equity plus Directly Owned Real Estate plus Portfolio Shares (Source 2). For direct investment equity, the 1993 figure is derived by assuming the debt/equity split is the same as in 1992 and apply this to the 1993 stock of total direct investment: 1984–88; Total External Assets less Non-Equity Assets.
Non-Equity Assets: 1989–93; Total External Assets less Equity Assets: 1984–87; Total (Source 4): 1988; Official Statistics-Assets-Total (Source 5).
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: 1984–92; Total (Source 2): 1993; Total Financial Position plus Direct Investment (see below) plus Portfolio Shares with the flow Trade in Shares-Swedish Shares (Source 3) for 1993 added to 1992 stock.
Direct Investment Liabilities: 1984–92; Direct Investments: 1993; 1992 stock with flow Direct Investment-Inward (Source 3).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Assets: Central Government plus Local Government (Source 2).
Bank Assets: Banks (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: 1989–93; Taxed Equity plus Untaxed Equity plus Liabilities-Portfolio Shares (Source 2). For direct investment equity, the 1993 figure is derived by assuming the debt/equity split is the same as in 1992 and apply this to the 1993 stock of total direct investment: 1984–88; Total External Liabilities less External Debt.
External Debt: 1989–93; Total External Liabilities less Equity Liabilities: 1984–1987; Liabilities-Total (Source 4): 1988; Official Statistics-Liabilities-Total (Source 5).
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
Switzerland
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | Banque Nationale Suisse, Banque Nationale Suisse Bulletin Mensuel, Table M3 Avoirs et Engagements Exterieurs de la Suisse, various issues. |
| 3. | IMF, Balance of Payments Statistics Yearbook, Part 1 1992, Table 2. |
GDP: Nominal GDP (Source 1)
Exports of Goods and Services: (Source 1)
Swiss Francs/US$ exchange rate: End December (Source 1)
External Assets and Liabilities
1984 stock data is not available. It is derived by deducting from the published 1985 stock the flow for the particular instrument from Source 3. See Belgium – Luxembourg for a guide to how the flow data are allocated to the various categories.
Total External Assets: Total des Actifs (Source 2).
Direct Investment Assets: Investissements Direct-Total (Source 2).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Collectivities Publiques plus Banque Nationale (Source 2).
Bank Assets: Banques-Total des Avoirs a Court et Long Terme (Source 2).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: Investissements Direct-Fonds Propes plus Investissements de Portefeuille-Titres Donnant Droit a un Dividend (Source 2).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Total des Passifs (Source 2).
Direct Investment Liabilities: Investissements Direct-Total (Source 2).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities (Source 2).
Official Liabilities: Collectivities Publiques plus Banque Nationale (Source 2).
Bank Liabilities: Banques-Total des Credits a Court et Long Terme (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Investissements Direct-Fonds Propes plus Investissements de Portefeuille-Titres Donnant Droit a un Dividend plus Immeubles (Source 2).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
United Kingdom
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | CSO, The Pink Book 1994: United Kingdom Balance of Payments. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Pounds/US$ exchange rate : End December (Source 1).
External Assets and Liabilities
Total External Assets: External Assets of the UK-Total (Source 2, Table 8.1).
Direct Investment Assets: Direct Investment Overseas by UK Residents (Source 2, Table 8.1).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Official Reserves plus Other External Assets of Central Government (Source 2, Table 8.1).
Bank Assets: Bonds, Preference Shares, Debentures etc-UK Banks plus Ordinary Shares-UK Banks (Source 2, Table 8.3) plus Lending etc. by Overseas Residents by UK Banks (Source 2, Table 8.1).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: not available.
Non-Equity Assets: not available.
Official Assets: not available.
Non-Official Assets: not available.
Total External Liabilities: UK Liabilities to Overseas Residents-Total (Source 2, Table 8.1).
Direct Investment Liabilities: Direct Investment in the UK by Overseas Residents (Source 2, Table 8.1).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: British Government Stocks plus British Government Foreign Currency Bonds & Notes plus Local Authorities Securities (Source 2, Table 8.3) plus Other External Liabilities of General Government (Source 2, Table 8.1).
Bank Liabilities: Borrowing etc. from Overseas Residents by UK banks (Source 2, Table 8.1).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: not available.
External Debt: not available.
Official Liabilities: not available.
Non-Official Liabilities: not available.
United States
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | US Department of Commerce, Survey of Current Business, June 1994, Table 3, page 71. |
| 3. | Data obtained from the US Department of Commerce. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
External Assets and Liabilities
Total External Assets: US Assets Abroad (Source 2, line 4).
Direct Investment Assets: Direct Investment Abroad-At Market Value (Source 2, line 18).
Gross Portfolio & Other Assets: Total External Assets less Direct Investment Assets.
Official Assets: Official Reserve Assets (Source 2, line 5) plus US Government Other Assets (Source 2, line 10).
Bank Assets: US Claims Reported by Banks (Source 2, line 23).
Non-bank Assets: Gross Portfolio & Other Assets less Official Assets less Bank Assets.
Equity Assets: US Direct Investment Abroad-Equity (Source 3) plus Corporate Stocks (Source 2).
Non-Equity Assets: Total External Assets less Equity Assets.
Official Assets: As above.
Non-Official Assets: Non-Equity Assets less Official Assets.
Total External Liabilities: Foreign Assets in the US (Source 2, line 25).
Direct Investment Liabilities: Direct Investment in the US-At Market Value (Source 2, line 36).
Gross Portfolio & Other Liabilities: Total External Liabilities less Direct Investment Liabilities.
Official Liabilities: US Treasury Securities (line 37) plus US Government Securities (line 27) plus Other Government Liabilities (line 30) (Source 2).
Bank Liabilities: US Liabilities Reported By Banks (line 42) plus US Liabilities Reported By Banks (Official Foreign Assets) (line 31) (Source 2).
Non-bank Liabilities: Gross Portfolio & Other Liabilities less Official Liabilities less Bank Liabilities.
Equity Liabilities: Foreign Direct Investment in the US-Equity (Source 3) plus Corporate Stocks (Source 2).
External Debt: Total External Liabilities less Equity Liabilities.
Official Liabilities: As above.
Non-Official Liabilities: External Debt less Official Liabilities.
C.2 Developing Countries
All countries except South Africa are derived as follows.
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | World Bank, World Tables 1993. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Exchange rate: Year Average (Source 1).
Non-Equity Assets: Official Assets plus Non-Official Assets.
Official Assets: Total Reserves minus Gold (Source 1, line 1ld) plus Gold (national valuation) (Source 1, line 1and). Also includes any other government assets identified in Source 1.
Non-Official Assets: Deposit Money Bank-Foreign Assets (Source 1, line 7ad) plus Cross-Border Bank Deposits of Non-banks by Residence of Depositor (Source 1, line 7xr d).
External Debt: Long-Term Debt plus Short-Term Debt (Source 2).
Official: Central Bank, incl IMF Credit plus Central Government plus Rest of Central Government (Source 2).
Non-Official: External Debt less Official.
South Africa
| Sources: 1. | IMF, International Financial Statistics. |
| 2. | South African Reserve Bank, South African Reserve Bank Quarterly Bulletin, various issues. |
GDP: Nominal GDP (Source 1).
Exports of Goods and Services: (Source 1).
Rand/US$ exchange rate: Year Average (Source 1).
Non-Equity Assets: Official Assets plus Non-Official Assets.
Official Assets: Total Reserves minus Gold (Source 1, line 1ld) plus Gold (national valuation) (Source 1, line 1and)
Non-Official Assets: Deposit Money Bank-Foreign Assets (Source 1, line 7ad) plus Cross-Border Bank Deposits of Non-banks by Residence of Depositor (Source 1, line 7xr d).
External Debt: Total Foreign Debt (Source 2, table ‘Foreign Debt of South Africa’ in US$.)
Official: Public Authorities (Source 2, table ‘Foreign Liabilities and Assets of South Africa-Liabilities’).
Non-Official: External Debt less Official.
Footnote
“-” indicates the trail for locating the data. For example, in this case we want the total for the category Australian Investment Abroad. When the words Short-Term and Long-Term are used, the hyphen does not indicate a trail. [18]