Key points
- Adjusted for exchange rate movements, external liabilities decreased by $55.6 billion during 2023 Q2. By region, the largest decrease in liabilities was to Developed Countries, where the largest country decreases were to the United States ($49.9 billion) and Switzerland ($27.0 billion).
- Adjusted for exchange rate movements, external claims decreased by $86.8 billion during 2023 Q2. By region, the largest decrease in claims was on Developed Countries, where the largest country decreases were on the United States ($25.6 billion), France ($20.2 billion), and Germany ($19.9 billion).
Table A: Regional breakdown of external claims and liabilities
US$ billions - Not seasonally adjusted
|
|
Exchange rate adjusted flows |
Amounts outstanding |
||||
|
Q4 |
Q1 |
Q2 |
End-Q2 2023 |
|||
|
Liabilities to: |
2022 |
2023 |
|
|
||
|
Developed Countries |
- 79.8 |
11.4 |
- 54.2 |
3,179.7 |
||
|
Offshore Centres |
- 73.8 |
- 9.3 |
9.1 |
700.7 |
||
|
Developing Countries |
- 38.4 |
16.2 |
- 6.4 |
551.9 |
||
|
International Organisations & Other |
- 23.6 |
0.0 |
- 4.1 |
1,004.5 |
||
|
Total |
- 215.7 |
18.4 |
- 55.6 |
5,436.8 |
||
|
Claims on: |
||||||
|
Developed Countries |
- 221.3 |
62.6 |
- 54.3 |
4,026.0 |
||
|
Offshore Centres |
- 8.3 |
34.3 |
- 12.6 |
571.6 |
||
|
Developing Countries |
- 13.8 |
- 8.5 |
- 1.5 |
445.8 |
||
|
International Organisations & Other |
- 40.4 |
- 10.4 |
- 18.5 |
158.3 |
||
|
Total |
- 283.7 |
78.1 |
- 86.8 |
5,201.7 |
||
Footnotes
Chart 1: Exchange rate adjusted flows of liabilities by counterpart sector and region 2023 Q2 (US$ billions)
Chart 2: Exchange rate adjusted flows of claims by counterpart sector and region 2023 Q2 (US$ billions)
Exchange rate adjusted flows of external liabilities and claims: Developed Countries
Exchange rate adjusted flows vis-à-vis Developed Countries – 2023 Q2
(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 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Canada |
118.7 |
18.3 |
89.7 |
20.0 |
29.0 |
-1.6 |
|
Japan |
169.7 |
7.5 |
126.7 |
10.3 |
43.0 |
-2.7 |
|
|
Germany |
332.4 |
6.3 |
299.8 |
9.7 |
32.6 |
-3.4 |
|
|
Spain |
42.9 |
2.4 |
35.2 |
2.1 |
7.7 |
0.4 |
|
|
Denmark |
10.5 |
1.8 |
2.2 |
0.4 |
8.4 |
1.5 |
|
|
Largest flow decreases |
United States |
1,356.0 |
-49.9 |
587.7 |
-21.8 |
768.3 |
-28.0 |
|
Switzerland |
249.1 |
-27.0 |
174.0 |
-22.2 |
75.1 |
-4.8 |
|
|
Netherlands |
147.3 |
-8.6 |
59.9 |
-3.5 |
87.3 |
-5.1 |
|
|
Australia |
61.4 |
-4.1 |
35.1 |
-4.2 |
26.3 |
0.0 |
|
|
Ireland |
199.0 |
-1.9 |
52.3 |
0.7 |
146.7 |
-2.6 |
|
Table C: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Canada |
244.8 |
19.1 |
195.5 |
19.8 |
49.3 |
-0.7 |
|
Switzerland |
223.3 |
12.0 |
188.0 |
12.1 |
35.3 |
-0.2 |
|
|
Ireland |
173.6 |
8.0 |
54.9 |
2.9 |
118.7 |
5.0 |
|
|
Belgium |
37.2 |
7.9 |
26.9 |
7.2 |
10.3 |
0.8 |
|
|
Spain |
47.9 |
5.9 |
32.9 |
5.7 |
15.1 |
0.2 |
|
|
Largest flow decreases |
United States |
1,453.8 |
-25.6 |
575.5 |
-20.1 |
878.3 |
-5.5 |
|
France |
488.7 |
-20.2 |
443.6 |
-16.8 |
45.1 |
-3.5 |
|
|
Germany |
495.6 |
-19.9 |
454.0 |
-18.9 |
41.6 |
-0.9 |
|
|
Netherlands |
122.2 |
-13.3 |
65.4 |
-1.4 |
56.8 |
-11.9 |
|
|
Luxembourg |
141.5 |
-8.6 |
10.7 |
-6.4 |
130.9 |
-2.1 |
|
Exchange rate adjusted flows of external liabilities and claims: Offshore Centres
Exchange rate adjusted flows vis-à-vis Offshore Centres – 2023 Q2
(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 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Guernsey |
51.0 |
13.9 |
41.4 |
10.8 |
9.5 |
3.1 |
|
Singapore |
137.2 |
2.1 |
92.0 |
-1.7 |
45.2 |
3.8 |
|
|
Jersey |
138.9 |
2.1 |
119.7 |
2.5 |
19.2 |
-0.4 |
|
|
Bermuda |
24.0 |
1.8 |
15.5 |
0.6 |
8.5 |
1.2 |
|
|
Bahrain |
7.4 |
1.1 |
4.1 |
0.5 |
3.2 |
0.6 |
|
|
Largest flow decreases |
Cayman Islands |
120.9 |
-8.6 |
1.6 |
-3.8 |
119.4 |
-4.9 |
|
Hong Kong |
150.9 |
-2.8 |
87.5 |
5.6 |
63.4 |
-8.4 |
|
|
Bahamas |
8.4 |
-1.5 |
5.8 |
-0.6 |
2.6 |
-0.9 |
|
|
Lebanon |
1.8 |
-1.2 |
0.9 |
-1.2 |
0.9 |
0.0 |
|
|
Macao |
0.7 |
-0.2 |
0.6 |
-0.2 |
0.1 |
0.0 |
|
Footnotes
Table E: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Jersey |
74.9 |
3.3 |
11.6 |
1.3 |
63.3 |
2.0 |
|
Bahrain |
8.1 |
1.3 |
6.8 |
1.6 |
1.3 |
-0.3 |
|
|
Mauritius |
4.9 |
0.8 |
2.1 |
0.1 |
2.8 |
0.7 |
|
|
Hong Kong |
116.1 |
0.6 |
52.2 |
1.7 |
64.0 |
-1.1 |
|
|
Macao |
2.1 |
0.2 |
2.1 |
0.1 |
0.0 |
0.0 |
|
|
Largest flow decreases |
Cayman Islands |
184.3 |
-7.4 |
87.0 |
-7.3 |
97.3 |
-0.2 |
|
Singapore |
115.1 |
-5.1 |
83.6 |
-4.1 |
31.5 |
-1.0 |
|
|
Curacao |
6.0 |
-3.2 |
5.9 |
-3.2 |
0.1 |
-0.1 |
|
|
Guernsey |
22.4 |
-1.4 |
1.6 |
-0.7 |
20.8 |
-0.7 |
|
|
Bahamas |
4.1 |
-0.9 |
3.3 |
-0.9 |
0.8 |
-0.1 |
|
Exchange rate adjusted flows of external liabilities and claims: Developing Countries
Exchange rate adjusted flows vis-à-vis Developing Countries – 2023 Q2
(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 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Saudi Arabia |
99.6 |
20.2 |
57.9 |
20.4 |
41.7 |
-0.3 |
|
Qatar |
47.3 |
4.6 |
11.4 |
0.8 |
36.0 |
3.8 |
|
|
Czech Republic |
5.6 |
3.7 |
4.8 |
3.7 |
0.9 |
0.0 |
|
|
Indonesia |
3.6 |
1.3 |
3.3 |
1.1 |
0.3 |
0.1 |
|
|
Kenya |
2.6 |
1.1 |
2.0 |
1.0 |
0.6 |
0.1 |
|
|
Largest flow decreases |
China |
60.6 |
-8.9 |
52.6 |
-10.1 |
8.1 |
1.2 |
|
India |
26.5 |
-7.0 |
23.5 |
-6.7 |
3.1 |
-0.3 |
|
|
Israel |
10.4 |
-4.1 |
5.0 |
-4.3 |
5.3 |
0.1 |
|
|
Nigeria |
15.6 |
-2.8 |
10.1 |
-1.8 |
5.5 |
-1.0 |
|
|
South Africa |
17.6 |
-2.6 |
12.8 |
-0.1 |
4.8 |
-2.5 |
|
Table G: Amounts outstanding and exchange rate adjusted flows of claims by country – 2023 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|
|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
|
Largest flow increases |
Saudi Arabia |
26.3 |
3.5 |
5.3 |
0.2 |
21.1 |
3.3 |
|
United Arab Emirates |
58.8 |
2.8 |
39.6 |
1.9 |
19.2 |
0.8 |
|
|
Mexico |
9.7 |
2.5 |
3.9 |
2.1 |
5.8 |
0.4 |
|
|
Brazil |
39.1 |
2.0 |
20.1 |
-0.7 |
19.0 |
2.7 |
|
|
Qatar |
56.9 |
2.0 |
39.0 |
1.6 |
17.8 |
0.4 |
|
|
Largest flow decreases |
China |
49.8 |
-6.3 |
38.1 |
-6.1 |
11.7 |
-0.2 |
|
India |
22.4 |
-5.4 |
11.7 |
-3.9 |
10.8 |
-1.5 |
|
|
South Africa |
10.5 |
-3.6 |
6.2 |
0.5 |
4.3 |
-4.0 |
|
|
Egypt |
8.4 |
-1.2 |
2.9 |
-1.1 |
5.5 |
-0.1 |
|
|
Nigeria |
18.1 |
-1.0 |
15.2 |
-0.5 |
2.9 |
-0.5 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 1 December 2023
