Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
278%
$29,922
$21,708
#1 United States
Assets and liabilities,
% of GDP
Liabilities,
$ billion
Assets,
$ billion
(Rank change since 2005 = none)
Foreign assets and liabilities ranking
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Foreign assets and liabilities ranking
(Rank change since 2005 = +4)
#2 Luxembourg
Assets,
$ billion
$10,643
Liabilities,
$ billion
$10,825
Assets and liabilities,
% of GDP
36,101%
Source: McKinsey Global Institute analysis
Foreign assets and liabilities ranking
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
#3 United Kingdom
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
(Rank change since 2005 = –1)
Assets,
$ billion
$10,577
Liabilities,
$ billion
$10,492
Assets and liabilities,
% of GDP
801%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Foreign assets and liabilities ranking
#4 Netherlands
(Rank change since 2005 = none)
Assets,
$ billion
$8,045
Liabilities,
$ billion
$7,970
Assets and liabilities,
% of GDP
2,077%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#5 Germany
(Rank change since 2005 = –2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$8,064
Liabilities,
$ billion
$6,617
Assets and liabilities,
% of GDP
424%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#6 Japan
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$8,215
Liabilities,
$ billion
$5,472
Assets and liabilities,
% of GDP
277%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#7 France
(Rank change since 2005 = –2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$6,149
Liabilities,
$ billion
$6,983
Assets and liabilities,
% of GDP
533%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#8 China
(Rank change since 2005 = +8)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$6,594
Liabilities,
$ billion
$4,739
Assets and liabilities,
% of GDP
101%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#9 Ireland
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$4,963
Liabilities,
$ billion
$5,572
Assets and liabilities,
% of GDP
3,588%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#10 Hong Kong, China
(Rank change since 2005 = +4)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$4,471
Liabilities,
$ billion
$3,402
Assets and liabilities,
% of GDP
2,455%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#11 Switzerland
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$4,290
Liabilities,
$ billion
$3,537
Assets and liabilities,
% of GDP
1,186%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#12 Canada
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$3,212
Liabilities,
$ billion
$3,071
Assets and liabilities,
% of GDP
411%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#13 Italy
(Rank change since 2005 = –4)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$2,713
Liabilities,
$ billion
$2,878
Assets and liabilities,
% of GDP
302%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#14 Singapore
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$2,976
Liabilities,
$ billion
$2,350
Assets and liabilities,
% of GDP
1,793%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#15 Spain
(Rank change since 2005 = –4)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,760
Liabilities,
$ billion
$2,906
Assets and liabilities,
% of GDP
378%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#16 Belgium
(Rank change since 2005 = –4)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$2,142
Liabilities,
$ billion
$2,012
Assets and liabilities,
% of GDP
890%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#17 Australia
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,471
Liabilities,
$ billion
$2,277
Assets and liabilities,
% of GDP
298%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#18 Sweden
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,414
Liabilities,
$ billion
$1,448
Assets and liabilities,
% of GDP
560%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#19 Norway
(Rank change since 2005 = +2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,529
Liabilities,
$ billion
$796
Assets and liabilities,
% of GDP
628%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#20 Brazil
(Rank change since 2005 = +7)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$772
Liabilities,
$ billion
$1,486
Assets and liabilities,
% of GDP
126%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#21 Russia
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,226
Liabilities,
$ billion
$926
Assets and liabilities,
% of GDP
168%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#22 South Korea
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$1,218
Liabilities,
$ billion
$928
Assets and liabilities,
% of GDP
152%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#23 Austria
(Rank change since 2005 = –4)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$909
Liabilities,
$ billion
$967
Assets and liabilities,
% of GDP
485%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#24 Denmark
(Rank change since 2005 = –2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$930
Liabilities,
$ billion
$793
Assets and liabilities,
% of GDP
562%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#25 Mexico
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$582
Liabilities,
$ billion
$1,065
Assets and liabilities,
% of GDP
157%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#26 India
(Rank change since 2005 = +3)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$540
Liabilities,
$ billion
$933
Assets and liabilities,
% of GDP
65%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#27 Finland
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$638
Liabilities,
$ billion
$707
Assets and liabilities,
% of GDP
568%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#28 Saudi Arabia
(Rank change since 2005 = n/a)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$930
Liabilities,
$ billion
$304
Assets and liabilities,
% of GDP
193%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#29 Indonesia
(Rank change since 2005 = +7)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$296
Liabilities,
$ billion
$669
Assets and liabilities,
% of GDP
103%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#30 Portugal
(Rank change since 2005 = –5)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$352
Liabilities,
$ billion
$556
Assets and liabilities,
% of GDP
443%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#31 South Africa
(Rank change since 2005 = none)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$409
Liabilities,
$ billion
$414
Assets and liabilities,
% of GDP
280%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#32 Thailand
(Rank change since 2005 = +6)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$379
Liabilities,
$ billion
$433
Assets and liabilities,
% of GDP
200%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#33 Poland
(Rank change since 2005 = –1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$242
Liabilities,
$ billion
$548
Assets and liabilities,
% of GDP
169%
Source: McKinsey Global Institute analysis
Foreign assets and liabilities ranking
#34 Turkey
(Rank change since 2005 = –4)
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$215
Liabilities,
$ billion
$571
Assets and liabilities,
% of GDP
92%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#35 Greece
(Rank change since 2005 = –7)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$247
Liabilities,
$ billion
$517
Assets and liabilities,
% of GDP
393%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#36 Mauritius
(Rank change since 2005 = n/a)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$379
Liabilities,
$ billion
$357
Assets and liabilities,
% of GDP
6,158%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#37 Malaysia
(Rank change since 2005 = –2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$387
Liabilities,
$ billion
$348
Assets and liabilities,
% of GDP
248%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#38 Chile
(Rank change since 2005 = +2)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$329
Liabilities,
$ billion
$379
Assets and liabilities,
% of GDP
287%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#39 Israel
(Rank change since 2005 = –5)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$382
Liabilities,
$ billion
$275
Assets and liabilities,
% of GDP
206%
Source: McKinsey Global Institute analysis
Foreign investment liabilities measure the value of foreign investment in a country and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment.
Foreign investment assets measure the outstanding value of a country’s investment abroad and include foreign direct investment, portfolio equity investment, portfolio debt investment, lending and other investment, and foreign reserve assets.
Foreign assets and liabilities ranking
#40 Hungary
(Rank change since 2005 = +1)
Global financial connectedness: A country's foreign assets and liabilities reflect its ties to the global financial system.
Assets,
$ billion
$267
Liabilities,
$ billion
$355
Assets and liabilities,
% of GDP
496%
Source: McKinsey Global Institute analysis
