Overview
Singapore's balance of payments (BOP) is a statement that summarises the economic transactions between Singapore residents and non-residents. These transactions occur during a specific time period. It consists of the current account, and the capital and financial account.
The international investment position (IIP) is a statistical statement that shows the value and composition of cross border financial assets and liabilities of residents of an economy at a point in time. Financial assets and liabilities comprise mainly three broad categories (1) equity and investment fund shares, (2) debt instruments, and (3) other financial assets and liabilities such as financial derivatives.
The net IIP is the difference between its external financial assets and liabilities. The sum of the net IIP with the value of non-financial assets reflects the net worth of an economy.
External debt is defined as the outstanding amount of current (and not contingent) debt liabilities owed to non-residents by residents of an economy at a point in time