International Investment Position

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

The difference between total financial assets and total financial liabilities is the net IIP. 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 IIP. The net IIP may either be positive or negative.

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

Data have been revised with the publication on 19 August 2021.

Detailed technical information on the revisions can be accessed from the Research Notes in Economics and CBRT Blog pages.

International Investment Position Developments - February 2022

  • According to the International Investment Position (IIP) at the end of February 2022, external assets recorded USD 288.1 billion indicating a decrease of 1.6 percent compared to the end of 2021 and liabilities against non-residents recorded USD 512.1 billion indicating a decrease of 2.0 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -224.0 billion at the end of February 2022, in comparison to USD -229.7 billion observed at the end of 2021.
  • As regards to sub-items under assets, at the end of February 2022, reserve assets recorded USD 110.5 billion indicating a decrease of 0.6 percent, while other investment recorded USD 118.2 billion indicating a decrease of  2.3 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 52.4 billion indicating an increase of 1.7 percent compared to the end of 2021.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of February 2022 recorded USD 105.5 billion indicating 13.4 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 2.7 percent and recorded USD 93.4 billion compared to the end of 2021. Non-residents’ equity holdings recorded USD 17.5 billion reflecting a decrease of 5.2 percent compared to the end of 2021. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 2.7 billion with a decrease of 22.4 percent. Outstanding eurobond holdings of nonresidents posted USD 45.2 billion with a decrease of 0.3 percent.
  • Other investment indicated an increase of 2.8 percent to USD 313.1 billion compared to the end of 2021. FX deposits of non-residents held within the resident banks recorded USD 35.1 billion at the end of February 2022, reflecting an increase of 0.7 percent compared to the end of 2021, and TL deposits increased by 26.0 percent recording USD 12.2 billion.
  • Total external loan stock of the banks recorded USD 65.8 billion decreasing by 1.2 percent compared to the end of 2021, and total external loan stock of the other sectors recorded USD 96.4 billion decreasing by 0.3 percent.

 

Data - February 2022

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