Key points
- Adjusted for exchange rate movements, external liabilities increased by $88.7 billion during 2023 Q3. By region, the largest increase in liabilities was to Developed Countries, where the largest country increases were to the United States ($41.2 billion) and Germany ($21.5 billion).
- Adjusted for exchange rate movements, external claims increased by $112.1 billion during 2023 Q3. By region, the largest increase in claims was on again Developed Countries, where the largest country increases were on the United States ($92.2 billion) and Japan ($47.2 billion).
Table A: Regional breakdown of external claims and liabilities
US$ billions - Not seasonally adjusted
|
|
Exchange rate adjusted flows |
Amounts outstanding |
||||
|---|---|---|---|---|---|---|
|
Q1 |
Q2 |
Q3 |
End-Q3 2023 |
|||
|
Liabilities to: |
2023 |
|
|
|
||
|
Developed Countries |
11.4 |
- 54.2 |
64.5 |
3,188.9 |
||
|
Offshore Centres |
- 9.3 |
9.1 |
10.7 |
681.3 |
||
|
Developing Countries |
16.2 |
- 6.5 |
- 17.6 |
528.8 |
||
|
International Organisations & Other |
- 0.4 |
- 3.8 |
31.1 |
995.1 |
||
|
Total |
18.0 |
- 55.4 |
88.7 |
5,394.1 |
||
|
Claims on: |
||||||
|
Developed Countries |
62.6 |
- 54.2 |
132.2 |
4,086.1 |
||
|
Offshore Centres |
34.3 |
- 12.4 |
- 39.7 |
504.7 |
||
|
Developing Countries |
- 8.5 |
- 2.1 |
- 3.4 |
436.6 |
||
|
International Organisations & Other |
- 10.4 |
- 18.5 |
23.1 |
157.5 |
||
|
Total |
78.1 |
- 87.1 |
112.1 |
5,184.8 |
||
Footnotes
Chart 1: Exchange rate adjusted flows of liabilities by counterpart sector and region 2023 Q3 (US$ billions)
Chart 2: Exchange rate adjusted flows of claims by counterpart sector and region 2023 Q3 (US$ billions)
Exchange rate adjusted flows of external liabilities and claims: Developed Countries
Exchange rate adjusted flows vis-à-vis Developed Countries – 2023 Q3
(US$ billions) - Not seasonally adjusted
Chart 3: Flows of liabilities by country (5 largest increases/decreases)
Chart 4: Flows of claims by country (5 largest increases/decreases)
Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
United States |
1,381.8 |
41.2 |
590.7 |
5.2 |
791.1 |
36.0 |
|
Germany |
344.4 |
21.5 |
313.1 |
22.0 |
31.3 |
-0.4 |
|
|
Canada |
121.0 |
4.0 |
94.7 |
6.5 |
26.4 |
-2.5 |
|
|
Norway |
36.9 |
3.4 |
30.8 |
3.1 |
6.1 |
0.3 |
|
|
Sweden |
16.9 |
3.0 |
13.7 |
3.0 |
3.2 |
0.0 |
|
|
Largest flow decreases |
Ireland |
188.6 |
-5.6 |
50.0 |
-0.9 |
138.5 |
-4.7 |
|
Netherlands |
141.2 |
-3.2 |
58.6 |
0.0 |
82.6 |
-3.2 |
|
|
Luxembourg |
80.7 |
-3.1 |
15.1 |
0.4 |
65.6 |
-3.5 |
|
|
Italy |
23.8 |
-1.3 |
14.0 |
1.4 |
9.8 |
-2.7 |
|
|
Belgium |
49.7 |
-0.9 |
42.5 |
-0.5 |
7.2 |
-0.4 |
|
Table C: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
United States |
1,532.1 |
92.2 |
626.7 |
52.9 |
905.4 |
39.2 |
|
Japan |
408.5 |
47.2 |
233.5 |
25.1 |
175.0 |
22.0 |
|
|
Switzerland |
232.2 |
12.4 |
192.8 |
7.7 |
39.4 |
4.7 |
|
|
Canada |
249.0 |
6.7 |
197.6 |
3.7 |
51.4 |
3.0 |
|
|
France |
482.0 |
6.3 |
429.8 |
-2.0 |
52.3 |
8.3 |
|
|
Largest flow decreases |
Germany |
455.6 |
-27.2 |
411.3 |
-31.2 |
44.4 |
4.0 |
|
Ireland |
161.5 |
-7.9 |
46.8 |
-7.1 |
114.7 |
-0.8 |
|
|
Sweden |
30.9 |
-4.8 |
16.0 |
-4.2 |
14.9 |
-0.6 |
|
|
Australia |
62.3 |
-4.3 |
37.9 |
1.9 |
24.4 |
-6.3 |
|
|
Spain |
44.1 |
-2.8 |
29.3 |
-2.9 |
14.8 |
0.2 |
|
Exchange rate adjusted flows of external liabilities and claims: Offshore Centres
Exchange rate adjusted flows vis-à-vis Offshore Centres – 2023 Q3
(US$ billions) - Not seasonally adjusted
Chart 5: Flows of liabilities by country (5 largest increases/decreases)
Chart 6: Flows of claims by country (5 largest increases/decreases)
Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Singapore |
131.2 |
15.2 |
88.1 |
15.4 |
43.1 |
-0.1 |
|
Jersey |
139.0 |
2.8 |
119.4 |
1.9 |
19.6 |
0.9 |
|
|
Guernsey |
51.5 |
1.3 |
41.2 |
0.5 |
10.3 |
0.9 |
|
|
West Indies UK |
14.6 |
1.1 |
0.3 |
-0.1 |
14.3 |
1.1 |
|
|
Macao |
1.4 |
0.7 |
1.4 |
0.7 |
0.1 |
0.0 |
|
|
Largest flow decreases |
Cayman Islands |
111.7 |
-7.1 |
1.9 |
0.4 |
109.8 |
-7.4 |
|
Hong Kong |
146.3 |
-2.5 |
78.6 |
-8.0 |
67.7 |
5.5 |
|
|
Barbados |
13.2 |
-1.1 |
12.7 |
-1.2 |
0.5 |
0.1 |
|
|
Curacao |
0.9 |
-0.9 |
0.0 |
-0.5 |
0.8 |
-0.4 |
|
|
Bahrain |
6.8 |
-0.5 |
3.5 |
-0.6 |
3.4 |
0.1 |
|
Footnotes
Table E: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Mauritius |
5.9 |
1.0 |
2.1 |
0.0 |
3.8 |
1.0 |
|
Singapore |
94.9 |
0.7 |
67.7 |
3.1 |
27.2 |
-2.4 |
|
|
Barbados |
0.9 |
0.5 |
0.6 |
0.6 |
0.3 |
-0.1 |
|
|
Jersey |
73.4 |
0.4 |
10.9 |
-0.4 |
62.5 |
0.8 |
|
|
Panama |
2.0 |
0.3 |
0.6 |
0.3 |
1.4 |
0.0 |
|
|
Largest flow decreases |
Cayman Islands |
146.2 |
-36.4 |
55.6 |
-31.4 |
90.6 |
-5.1 |
|
Guernsey |
20.2 |
-1.7 |
1.0 |
-0.5 |
19.2 |
-1.2 |
|
|
Curacao |
4.6 |
-1.4 |
4.5 |
-1.4 |
0.1 |
0.0 |
|
|
Bahamas |
2.7 |
-1.4 |
1.9 |
-1.4 |
0.9 |
0.1 |
|
|
Hong Kong |
113.6 |
-1.1 |
51.8 |
0.0 |
61.8 |
-1.1 |
|
Exchange rate adjusted flows of external liabilities and claims: Developing Countries
Exchange rate adjusted flows vis-à-vis Developing Countries – 2023 Q3
(US$ billions) - Not seasonally adjusted
Chart 7: Flows of liabilities by country (5 largest increases/decreases)
Chart 8: Flows of claims by country (5 largest increases/decreases)
Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
India |
35.4 |
9.3 |
32.2 |
9.1 |
3.2 |
0.1 |
|
China |
63.2 |
3.5 |
57.5 |
5.8 |
5.8 |
-2.3 |
|
|
Poland |
9.2 |
3.4 |
7.5 |
3.3 |
1.7 |
0.1 |
|
|
Kazakhstan |
7.7 |
2.8 |
3.1 |
1.6 |
4.6 |
1.3 |
|
|
Kuwait |
28.8 |
2.1 |
12.6 |
1.0 |
16.2 |
1.1 |
|
|
Largest flow decreases |
Saudi Arabia |
83.1 |
-16.2 |
46.9 |
-10.8 |
36.2 |
-5.4 |
|
Brazil |
4.6 |
-16.0 |
1.5 |
-16.0 |
3.1 |
0.0 |
|
|
United Arab Emirates |
49.3 |
-2.0 |
28.7 |
-3.2 |
20.7 |
1.2 |
|
|
Taiwan |
17.3 |
-1.8 |
9.4 |
-1.6 |
7.9 |
-0.2 |
|
|
South Korea |
11.6 |
-1.3 |
8.3 |
0.0 |
3.3 |
-1.2 |
|
Table G: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q3 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
South Korea |
26.4 |
9.0 |
8.7 |
-0.3 |
17.7 |
9.4 |
|
India |
26.6 |
4.3 |
15.9 |
4.4 |
10.7 |
0.0 |
|
|
Poland |
5.4 |
2.9 |
3.2 |
3.3 |
2.1 |
-0.4 |
|
|
China |
52.0 |
2.9 |
42.1 |
4.4 |
9.8 |
-1.5 |
|
|
South Africa |
12.5 |
2.1 |
6.7 |
0.5 |
5.9 |
1.6 |
|
|
Largest flow decreases |
Brazil |
22.8 |
-16.1 |
3.1 |
-16.9 |
19.7 |
0.8 |
|
Israel |
16.5 |
-2.0 |
10.8 |
-0.6 |
5.8 |
-1.4 |
|
|
Mexico |
7.6 |
-1.5 |
3.6 |
0.2 |
4.1 |
-1.7 |
|
|
Saudi Arabia |
24.9 |
-1.4 |
6.2 |
0.9 |
18.7 |
-2.4 |
|
|
Czech Republic |
4.6 |
-1.1 |
3.7 |
-1.1 |
0.9 |
0.0 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 1 March 2024
