A country’s international investment position (IIP) measures its total international debt, so one way of determining the country’s ability to sustain such debt is to compare the figure with the country’s gross domestic product (GDP). This graph compares New Zealand IIP-to-GDP ratio with other OECD countries in 2007. As can be seen, at that time New Zealand’s level of debt was among the most negative of the countries.
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Te Ara - The Encyclopedia of New Zealand
Source: Haver Analytics; International Financial Statistics
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