PH IIP registers net liability position in December

PRELIMINARY data on the country’s net international investment position (IIP) as of December showed an overall net liability position of $43.4 billion, $7.9 billion higher than the $35.5 billion recorded as of September.

The higher negative balance stemmed from the 5.7 percent increase in total external financial liabilities which outpaced the 2.2 percent growth in total external financial assets. As of 2017, total external financial liabilities reached $214 billion, while total external financial assets stood at $170.6 billion.

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