International Investment Position Developments

International Investment Position Developments

INTERNATIONAL INVESTMENT POSITION DEVELOPMENTS

AUGUST 2017

 

  • According to the International Investment Position (IIP) at the end of August 2017, external assets recorded USD 226.5 billion indicating an increase of 5.1 percent compared to the end of 2016 and liabilities against non-residents recorded USD 688.8 billion indicating an increase of 19.1 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -462.4 billion at the end of August 2017, in comparison to USD -363 billion observed at the end of 2016.
  • As regards to sub-items under assets, at the end of August 2017, reserve assets recorded USD 112 billion indicating an increase of 5.4 percent, and other investment recorded USD 72 billion indicating an increase of 5.2 percent compared to the end of 2016. Currency and deposits of banks, one of the sub-items of other investment, increased by 3.4 percent to USD 31 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 August 2017 recorded USD 192.1 billion indicating 35.6 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 26.3 percent and recorded USD 180.6 billion compared to the end of 2016. Non-residents’ equity holdings recorded USD 55.7  billion reflecting an increase  of 56.8 percent compared to the end of 2016. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 34.9 billion with an increase of 30.6 percent. Outstanding eurobond holdings of nonresidents posted USD 42 billion with an increase of 8.8 percent.
  • Other investment  indicated an increase of 7.5 percent to USD 316.1 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 7.5 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 33.8 billion at the end of August 2017, reflecting an increase of 11 percent compared to the end of 2016, and TL deposits increased by 4.1 percent recording USD 12.7 billion.
  • Total external loan stock of the banks recorded USD 88.3 billion increasing by 0.8 percent compared to the end of 2016, as total external loan stock of the other sectors recorded USD 109.6 billion increasing by 9.2 percent.

 

 


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