Updated and Extended "External
Wealth of Nations" Dataset, 1970-2011
This database contains data on foreign assets and foreign
liabilities for a large sample of countries for the period
1970-2011. It also reports, where available, the split between
"portfolio investment: debt securities" and "other investment" for
both the category "external debt assets" and the category "external
debt liabilities".
In using these data, the appropriate reference is to
"updated and extended version of dataset constructed by Lane and
Milesi-Ferretti (2007)" and the appropriate
citation is to:
Philip R. Lane and Gian Maria Milesi-Ferretti (2007), "The
external
wealth of nations mark II: Revised and extended estimates of
foreign assets and liabilities, 1970–2004", Journal of
International Economics 73, November, 223-250.
The dataset (which includes an explanatory readme sheet) is
available here.
News: This paper has been selected for the 2010 Bhagwati Award
by the Editorial Board of the Journal of International
Economics. The Bhagwati Award is given every two years for the
best article published in the Journal of International Economics
during the previous two years (with a one year lag for
publication). Official announcement is here.