Foreign Investment in Local Financial Assets Reached $119 Billion in 2014

"The first ever International Investment Position (IIP) Report for the country was released today."

The IIP shows the end-of-year investment of non-residents in local financial assets, along with the stock of financial assets held by residents abroad.

The total investments of non-residents in local financial assets, which are the foreign liabilities of residents, was estimated at CI$119.3 billion by end 2014. These were in the form of direct investment ($26.7 billion); portfolio investment ($27.4 billion); and currencies, loans, deposits and other investment ($65.2 billion).

On the other hand, by end 2014, the total investments in financial assets abroad of residents (mainly financial corporations and a few non-financial corporations) reached approximately CI$124.0 billion. These consisted of direct investments ($21.0 billion); portfolio investment ($19.8 billion); financial derivatives ($2.0 billion); currencies, loans, deposits and other investments ($81.0 billion); and reserve assets ($99 million).

Other information on the country’s net international investment position for the years 2012 to 2014 are presented in “The Cayman Islands’ Balance of Payments and International Investment Position Report 2014” posted at the Economics and Statistics Office website www.eso.ky