International Investment Position

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The International Investment Position (IIP) is a monthly statistical statement that shows at a point in time the stock value of financial receivables and liabilities of residents of an economy from residents of another economy, and financial assets kept as gold.

In International Investment position, the difference between total financial assets and total financial liabilities is the net International Investment Position. In other words, the net position of total claims of Turkey on non-residents vis-a-vis total liabilities of Turkey to non-residents is the net International Investment Position. The net position may either be positive or negative.

Data are available as time series in EVDS. Click here for access.

International Investment Position Developments - May 2019

  • According to the International Investment Position (IIP) at the end of May 2019, external assets recorded USD 239.1 billion indicating an increase of 4.4 percent compared to the end of 2018 and liabilities against non-residents recorded USD 562.2 billion indicating a decrease of 5.8 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -323.1 billion at the end of May 2019, in comparison to USD -367.9 billion observed at the end of 2018.
  • As regards to sub-items under assets, at the end of May 2019, reserve assets recorded USD 95.6 billion indicating an increase of 2.8 percent, while other investment recorded USD 94.7 billion indicating an increase of  6,7 percent compared to the end of 2018. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 49.4 billion indicating an increase of 10.6 percent compared to the end of 2018.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of May 2019 recorded USD 117.9 billion indicating 17.8 percent decrease 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 decreased by 4.1 percent and recorded USD 134.6 billion compared to the end of 2018. Non-residents’ equity holdings recorded USD 26.4 billion reflecting a decrease of 11.2 percent compared to the end of 2018. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 12.8 billion with a decrease of 30.7 percent. Outstanding eurobond holdings of nonresidents posted USD 50.8 billion with an increase of 5.3 percent.
  • Other investment indicated a decrease of 1.1 percent to USD 309.7 billion compared to the end of 2018. FX deposits of non-residents held within the resident banks recorded USD 32.5 billion at the end of May 2019, reflecting an increase of 1.3 percent compared to the end of 2018, and TL deposits decreased by 5.3 percent recording USD 13.3 billion.
  • Total external loan stock of the banks recorded USD 76.1 billion decreasing by 6.6 percent compared to the end of 2018, and total external loan stock of the other sectors recorded USD 102.8 billion decreasing by 3.3 percent.

 

 

Data - May 2019

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