International Investment Position Developments

International Investment Position Developments

INTERNATIONAL INVESTMENT POSITION DEVELOPMENTS

JUNE 2017

  • According to the International Investment Position (IIP) at the end of June 2017, external assets recorded USD 223.7 billion indicating an increase of 3.8 percent compared to the end of 2016 and liabilities against non-residents recorded USD 647.8 billion indicating an increase of 13.1 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -424.2 billion at the end of June 2017, in comparison to USD -357,3 billion observed at the end of 2016.
  • As regards to sub-items under assets, at the end of June 2017, reserve assets recorded USD 108.7 billion indicating an increase of 2.3 percent, and other investment recorded USD 72.4 billion indicating an increase of 5.7 percent compared to the end of 2016. Currency and deposits of banks, one of the sub-items of other investment, increased by 8 percent to USD 32.3 billion compared to the end of 2016.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of June 2017 recorded USD 167.8 billion indicating 22.8 percent increase in comparison to the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates.
  • Portfolio investment increased by 20.5 percent and recorded USD 172.3 billion compared to the end of 2016. Non-residents’ equity holdings recorded USD 49.1  billion reflecting an increase  of 38.3 percent compared to the end of 2016. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 31.7 billion with an increase of 18.5 percent. Outstanding eurobond holdings of nonresidents posted USD 43.4 billion with an increase of 12.5 percent.
  • Other investment  indicated an increase of 5 percent to USD 307.8 billion compared to the end of 2016. Under Other Investment item, Deposits of Turkish citizens residing abroad held within the Central Bank posted a decrease of 1.7 compared to the end of 2016 and realized as USD 0.8 billion. FX deposits of non-residents held within the resident banks recorded USD 33.1 billion at the end of June 2017, reflecting an increase of 8.6 percent compared to the end of 2016, and TL deposits increased by 11.8 percent recording USD 13.6 billion.
  • Total external loan stock of the banks recorded USD 87.5 billion increasing by 0.1 percent compared to the end of 2016, as total external loan stock of the other sectors recorded USD 104.5 billion increasing by 4.6 percent.

CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40