International Investment Position Developments

International Investment Position Developments

INTERNATIONAL INVESTMENT POSITION DEVELOPMENTS

SEPTEMBER 2017

 

  • According to the International Investment Position (IIP) at the end of September 2017, external assets recorded USD 225.5 billion indicating an increase of 4.6 percent compared to the end of 2016 and liabilities against non-residents recorded USD 665.5 billion indicating an increase of 15 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -440 billion at the end of September 2017, in comparison to USD -363.1 billion observed at the end of 2016.
  • As regards to sub-items under assets, at the end of September 2017, reserve assets recorded USD 111,9 billion indicating an increase of 5.3 percent, and other investment recorded USD 71.1 billion indicating an increase of 3.8 percent compared to the end of 2016. Currency and deposits of banks, one of the sub-items of other investment, increased by 2.8 percent to USD 30.8 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 September 2017 recorded USD 177.4 billion indicating 25.2 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 23.6 percent and recorded USD 176.7 billion compared to the end of 2016. Non-residents’ equity holdings recorded USD 49.8  billion reflecting an increase  of 40.3 percent compared to the end of 2016. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 33.8 billion with an increase of 26.5 percent. Outstanding eurobond holdings of nonresidents posted USD 44.2 billion with an increase of 14.4 percent.
  • Other investment  indicated an increase of 5.9 percent to USD 311.3 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 14.4 compared to the end of 2016 and realized as USD 0.7 billion. FX deposits of non-residents held within the resident banks recorded USD 33.7 billion at the end of September 2017, reflecting an increase of 10.5 percent compared to the end of 2016, and TL deposits increased by 0.4 percent recording USD 12.2 billion.
  • Total external loan stock of the banks recorded USD 87.6 billion decreasing by 0.1 percent compared to the end of 2016, while total external loan stock of the other sectors recorded USD 107.7 billion increasing by 7.2 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