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Argentina is a creditor or debtor nations ?

Argentina is a creditor or debtor nations ?
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Answer #1

Solution:

Argentina is a creditor nation

Justification :

  • Net International Investment (NII) should be positive for a country to be a creditor nation. NII will be negative for a debtor nation.
  • Argentina's latest NII position data was reported at 114.356 USD billion as of 2019. This is a positive figure.
  • NIIP is the difference between the external assets and external liabilities.
  • Positive NIIP means Argentina's ownership of foreign assets is greater than its foreign nation's ownership in Argentina's assets. Therefore this makes Argentina to be a creditor nation.
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