Key points
- Adjusted for exchange rate movements, external liabilities decreased by $9.6 billion during 2024 Q2. By region, the largest decrease in liabilities was to Developing Countries, where the largest fall by country was to Saudi Arabia (-$17.3 billion).
- Adjusted for exchange rate movements, external claims decreased by $9.5 billion during 2024 Q2. By region, the largest decrease in claims was on Developed Countries, where the largest fall by country was on Japan (-$50.9 billion).
Table A: Regional breakdown of external claims and liabilities (US$ billions)
|
Exchange rate adjusted flows |
Amounts outstanding |
|||
|---|---|---|---|---|
|
|
Q4 |
Q1 |
Q2 |
End-Jun 2024 |
|
2023 |
2024 |
|||
|
Liabilities to: |
||||
|
Developed Countries |
42.9 |
109.1 |
11.7 |
3,364.0 |
|
Offshore Centres |
1.6 |
13.3 |
3.9 |
705.2 |
|
Developing Countries |
8.7 |
35.7 |
-23.6 |
551.4 |
|
International Organisations & Other |
-25.8 |
22.3 |
-1.5 |
1,013.2 |
|
Total |
27.3 |
180.4 |
-9.6 |
5,633.7 |
|
Claims on: |
||||
|
Developed Countries |
60.8 |
155.8 |
-41.9 |
4,263.7 |
|
Offshore Centres |
-12.5 |
23.9 |
-13.9 |
506.7 |
|
Developing Countries |
11.3 |
11.7 |
32.2 |
493.6 |
|
International Organisations & Other |
-22.8 |
-0.2 |
14.1 |
161.6 |
|
Total |
36.8 |
191.2 |
-9.5 |
5,425.5 |
Exchange rate adjusted flows of external liabilities and claims: Developed Countries
Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country: Developed Countries - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
Canada |
133.5 |
28.5 |
108.5 |
27.5 |
25.0 |
1.1 |
|
United States |
1,533.3 |
28.3 |
662.6 |
8.4 |
870.7 |
19.9 |
|
|
Australia |
74.0 |
7.6 |
44.9 |
9.0 |
29.1 |
-1.4 |
|
|
Ireland |
200.5 |
4.2 |
50.6 |
0.2 |
149.9 |
4.0 |
|
|
Denmark |
12.0 |
1.9 |
4.9 |
1.2 |
7.2 |
0.7 |
|
|
Largest decreases |
Austria |
3.3 |
-2.0 |
1.5 |
-0.6 |
1.8 |
-1.4 |
|
Germany |
352.1 |
-2.9 |
325.3 |
0.6 |
26.9 |
-3.5 |
|
|
Japan |
175.8 |
-9.1 |
113.7 |
-4.8 |
62.0 |
-4.3 |
|
|
France |
251.5 |
-14.7 |
225.8 |
-17.3 |
25.7 |
2.6 |
|
|
Switzerland |
213.8 |
-34.3 |
142.2 |
-34.8 |
71.6 |
0.5 |
|
Table C: Amounts outstanding and exchange rate adjusted flows of claims by country: Developed Countries - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
United States |
1,743.6 |
64.0 |
702.0 |
26.1 |
1,041.6 |
37.9 |
|
Luxembourg |
168.5 |
13.1 |
14.0 |
-1.7 |
154.5 |
14.8 |
|
|
Canada |
287.6 |
11.3 |
218.3 |
3.3 |
69.3 |
8.0 |
|
|
Italy |
31.0 |
3.2 |
19.0 |
3.1 |
12.1 |
0.1 |
|
|
Belgium |
37.7 |
2.5 |
26.0 |
1.2 |
11.7 |
1.3 |
|
|
Largest decreases |
Netherlands |
109.1 |
-7.6 |
56.1 |
-5.1 |
53.0 |
-2.5 |
|
Switzerland |
199.3 |
-21.8 |
164.0 |
-20.8 |
35.4 |
-1.0 |
|
|
Germany |
433.5 |
-22.8 |
384.3 |
-20.4 |
49.2 |
-2.4 |
|
|
France |
464.4 |
-37.7 |
405.3 |
-34.1 |
59.1 |
-3.6 |
|
|
Japan |
381.7 |
-50.9 |
218.9 |
-46.6 |
162.8 |
-4.3 |
|
Exchange rate adjusted flows of external liabilities and claims: Offshore Centres
Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country: Offshore Centres - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
Cayman Islands |
132.6 |
10.2 |
9.6 |
8.1 |
123.0 |
2.1 |
|
Hong Kong |
147.4 |
7.1 |
78.2 |
10.0 |
69.1 |
-3.0 |
|
|
Jersey |
160.5 |
6.5 |
134.9 |
1.5 |
25.7 |
5.0 |
|
|
Guernsey |
72.3 |
6.2 |
59.9 |
9.2 |
12.3 |
-3.0 |
|
|
Mauritius |
4.2 |
1.0 |
3.0 |
1.1 |
1.2 |
-0.1 |
|
|
Largest decreases |
Panama |
1.1 |
-0.1 |
0.0 |
0.0 |
1.1 |
-0.1 |
|
Curacao |
0.5 |
-0.4 |
0.0 |
0.0 |
0.5 |
-0.4 |
|
|
Bahamas |
4.9 |
-0.8 |
2.5 |
-0.5 |
2.3 |
-0.3 |
|
|
Bahrain |
6.0 |
-1.7 |
3.7 |
-0.6 |
2.3 |
-1.1 |
|
|
Singapore |
93.1 |
-26.5 |
46.7 |
-25.4 |
46.4 |
-1.1 |
|
Table E: Amounts outstanding and exchange rate adjusted flows of claims by country: Offshore Centres - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
Jersey |
87.0 |
4.0 |
13.6 |
0.7 |
73.5 |
3.3 |
|
Guernsey |
24.0 |
3.2 |
2.6 |
1.5 |
21.4 |
1.8 |
|
|
Bermuda |
7.8 |
0.5 |
0.0 |
0.0 |
7.7 |
0.6 |
|
|
Isle of Man |
5.9 |
0.3 |
1.3 |
0.2 |
4.6 |
0.2 |
|
|
Macao |
1.0 |
0.3 |
0.9 |
0.2 |
0.0 |
0.0 |
|
|
Largest decreases |
Mauritius |
6.2 |
-0.9 |
1.6 |
0.3 |
4.6 |
-1.1 |
|
Singapore |
84.7 |
-2.1 |
51.7 |
-2.6 |
33.0 |
0.5 |
|
|
Curacao |
5.4 |
-2.1 |
4.8 |
-1.7 |
0.7 |
-0.5 |
|
|
Cayman Islands |
151.1 |
-6.8 |
18.9 |
-18.3 |
132.2 |
11.5 |
|
|
Hong Kong |
105.5 |
-9.6 |
47.3 |
1.0 |
58.2 |
-10.6 |
|
Exchange rate adjusted flows of external liabilities and claims: Developing Countries
Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country: Developing Countries - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
Brazil |
15.5 |
5.0 |
11.1 |
4.0 |
4.4 |
1.1 |
|
Turkey |
12.9 |
3.1 |
8.4 |
3.2 |
4.5 |
-0.1 |
|
|
Poland |
11.6 |
2.1 |
10.1 |
2.2 |
1.5 |
-0.1 |
|
|
Thailand |
3.8 |
1.2 |
1.5 |
-0.2 |
2.3 |
1.4 |
|
|
Kuwait |
32.5 |
1.0 |
14.7 |
-1.2 |
17.8 |
2.2 |
|
|
Largest decreases |
Mexico |
7.4 |
-2.4 |
3.2 |
-2.0 |
4.2 |
-0.4 |
|
United Arab Emirates |
60.9 |
-2.9 |
32.8 |
-0.8 |
28.2 |
-2.1 |
|
|
India |
39.2 |
-2.9 |
36.0 |
-2.7 |
3.2 |
-0.2 |
|
|
Qatar |
44.0 |
-4.1 |
10.9 |
0.2 |
33.1 |
-4.4 |
|
|
Saudi Arabia |
74.7 |
-17.3 |
50.7 |
-9.1 |
24.0 |
-8.1 |
|
Table G: Amounts outstanding and exchange rate adjusted flows of claims by country: Developing Countries - 2024 Q2 (US$ billions)
|
|
|
Total |
DTC |
Non-DTC |
|||
|---|---|---|---|---|---|---|---|
|
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
Amounts outstanding |
Flow |
||
|
Largest increases |
Brazil |
45.0 |
14.0 |
22.0 |
14.7 |
23.0 |
-0.6 |
|
Saudi Arabia |
30.7 |
4.8 |
6.2 |
0.3 |
24.5 |
4.5 |
|
|
United Arab Emirates |
79.0 |
4.7 |
46.4 |
5.2 |
32.6 |
-0.4 |
|
|
South Korea |
27.3 |
4.5 |
12.1 |
4.7 |
15.3 |
-0.3 |
|
|
Israel |
14.3 |
3.3 |
11.4 |
3.5 |
3.0 |
-0.2 |
|
|
Largest decreases |
Azerbaijan |
0.1 |
-0.5 |
0.0 |
-0.2 |
0.1 |
-0.3 |
|
India |
31.5 |
-0.5 |
20.3 |
-0.3 |
11.2 |
-0.2 |
|
|
Czech Republic |
2.2 |
-1.6 |
0.9 |
-1.7 |
1.3 |
0.1 |
|
|
Taiwan |
10.5 |
-2.5 |
6.5 |
-2.6 |
3.9 |
0.1 |
|
|
South Africa |
10.3 |
-3.5 |
6.4 |
-0.3 |
3.9 |
-3.2 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.gsi.gov.uk
Next release date: 6 December 2024
