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 Türkiye on non-residents vis-a-vis total liabilities of Türkiye 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 - November 2022

  • According to the International Investment Position (IIP) at the end of November 2022, external assets recorded USD 302.4 billion indicating an increase of 4.9 percent compared to the end of 2021 and liabilities against non-residents recorded USD 567.3 billion indicating an increase of 4.3 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -265.0 billion at the end of November 2022, in comparison to USD -255.8 billion observed at the end of 2021.
  • As regards to sub-items under assets, at the end of November 2022, reserve assets recorded USD 122.4 billion indicating an increase of 10.1 percent, while other investment recorded USD 119.8 billion indicating a decrease of  1.5 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 48.6 billion indicating a decrease of 5.7 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 November 2022 recorded USD 153.8 billion indicating 8.6 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 decreased by 5.6 percent and recorded USD 91.2 billion compared to the end of 2021. Non-residents’ equity holdings recorded USD 26.4 billion reflecting an increase of 43.3 percent compared to the end of 2021. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.2 billion with a decrease of 65.2 percent. Outstanding eurobond holdings of nonresidents posted USD 40.5 billion with a decrease of 10.6 percent.
  • Other investment indicated an increase of 5.4 percent to USD 322.3 billion compared to the end of 2021. FX deposits of non-residents held within the resident banks recorded USD 41.4 billion at the end of November 2022, reflecting an increase of 19.0 percent compared to the end of 2021, and TL deposits increased by 30.5 percent recording USD 12.7 billion.
  • Total external loan stock of the banks recorded USD 58.4 billion decreasing by 11.0 percent compared to the end of 2021, and total external loan stock of the other sectors recorded USD 99.5 billion increasing by 2.2 percent.

 

 

 

Data - November 2022

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