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net foreign assets
In economics, the concept of net foreign assets relates to balance of payments identity.
The net foreign asset (NFA) position of a country is the value of the assets that country owns abroad, minus the value of the domestic assets owned by foreigners. The net foreign asset position of a country reflects the indebtedness of that country.
== The traditional balance of payments identity ==
Traditional balance-of-payments accounting is that the change in the net foreign asset position equals the current account balance. In other words, if a country runs a $700 billion current account deficit, it has to borrow exactly $700 billion from abroad to finance the deficit and therefore, the country's net foreign asset position falls by $700 billion.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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