International Investment Position Developments

International Investment Position Developments

INTERNATIONAL INVESTMENT POSITION DEVELOPMENTS

APRIL 2017

  • According to the International Investment Position (IIP) at the end of April 2017, external assets recorded USD 217.6 billion indicating an increase of 1.0 percent compared to the end of 2016 and liabilities against non-residents recorded USD 623.8 billion indicating an increase of 8.8 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -406.2 billion at the end of April 2017, in comparison to USD -357.9 billion observed at the end of 2016.
  • As regards to sub-items under assets, at the end of April 2017, reserve assets recorded USD 102.7 billion indicating a decrease of 3.3 percent, and other investment recorded USD 72.7 billion indicating an increase of 6.3 percent compared to the end of 2016. Currency and deposits of banks, one of the sub-items of other investment, increased by 12.4 percent to USD 33.6 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 April 2017 recorded USD 164.3 billion indicating 20.3 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 9.9 percent and recorded USD 157.1 billion compared to the end of 2016. Non-residents’ equity holdings recorded USD 44.1  billion reflecting an increase  of 24.3 percent compared to the end of 2016. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 28.7 billion with an increase of 7.5 percent. Outstanding eurobond holdings of nonresidents posted USD 40.5 billion with an increase of 4.9 percent.
  • Other investment  indicated an increase of 3.0 percent to USD 302.4 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 31.8 billion at the end of April 2017, reflecting an increase of 4.2 percent compared to the end of 2016, while TL deposits increased by 23.2 percent recording USD 15.0 billion.
  • Total external loan stock of the banks recorded USD 88.1 billion decreasing by 0.2 percent compared to the end of 2016, as total external loan stock of the other sectors recorded USD 101.7 billion increasing by 2.1 percent.

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