US net debt to the rest of the world increased to a record $2.69 trillion
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The U.S. net international investment
position at yearend 2005 was -$2,693.8 billion with direct investment
valued at current cost, as the value of foreign investments in the United
States exceeded the value of U.S. investments abroad. At yearend 2004, the
U.S. net international investment position was -$2,360.8 billion.
The -$333.0 billion change in the net investment position from 2004 was largely due to record private net foreign purchases of U.S. securities and to depreciation of most major foreign currencies against the U.S. dollar, which lowered the dollar value of U.S.-owned assets abroad. The price appreciation of U.S.-held foreign stocks surpassed by a large amount price appreciation of foreign-held U.S. stocks. U.S. official reserve assets decreased $1.5 billion to $188.0 billion. |
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