Taiwan's International Investment Position, 2008
PRESS RELEASE Release Date: June 15, 2009
Taiwan's International Investment Position, 2008
The international investment position is the stock of residents' financial assets and liabilities vis-à-vis non-residents.
At the end of 2008, the total external assets amounted to US$877.8 billion, increasing by US$10.3 billion, or 1.2%, over the end of 2007. This was mainly due to an increase both in reserve assets and in foreign loans and deposits of the banking sector. As the prices of financial products fell during the global financial crisis and the private sector sought to redeem overseas portfolio investment, the balance of residents' portfolio investment abroad went down by US$60.1 billion, or 24.1%, by the end of 2008.
The total external liabilities at yearend 2008 dropped by US$87.5 billion to US$301.1 billion, a 22.5% decrease when compared to the end of 2007. This is attributable to lower stock prices and reduced holdings of local securities by foreign investors.
As of the end of 2008, Taiwan's international investment continued to record a net asset position, increasing by US$97.8 billion, or 20.4%, over the previous yearend to US$576.7 billion.
Notes: 1. The next international investment position data will be released at 16:20 on June 15, 2010.
2. For the release schedule for the next six months, please check the http://www.cbc.gov.tw/ct.asp?xItem=30164&ctNode=515&mp=2.