Net Foreign Assets (NFA)

Economics Investing Basics Macroeconomics Financial Terms Dictionary

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Net foreign assets (NFA) determine whether a country is a creditor or debtor by measuring the difference in its external assets and liabilities.

A country’s NFA position is also defined as the cumulative change in its current account, which is the sum of its trade balance, net income over time, and net current transfers over time.
NFA may be affected by valuation and exchange rate changes.