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 - January 2021
- According to the International Investment Position (IIP) at the end of January 2021, external assets recorded USD 246.3 billion indicating an increase of 2.3 percent compared to the end of 2020 and liabilities against non-residents recorded USD 638.7 billion indicating a decrease of 0.9 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -392.4 billion at the end of January 2021, in comparison to USD -404.1 billion observed at the end of 2020.
- As regards to sub-items under assets, at the end of January 2021, reserve assets recorded USD 95.7 billion indicating an increase of 2.6 percent, while other investment recorded USD 97.5 billion indicating an increase of 6.6 percent compared to the end of 2020. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 48.3 billion indicating an increase of 15.2 percent compared to the end of 2020.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of January 2021 recorded USD 201.4 billion indicating 5.5 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 increased by 4.3 percent and recorded USD 123.3 billion compared to the end of 2020. Non-residents’ equity holdings recorded USD 28.9 billion reflecting a decrease of 0.9 percent compared to the end of 2020. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 9.5 billion with an increase of 10.8 percent. Outstanding eurobond holdings of nonresidents posted USD 50.2 billion with an increase of 7.4 percent.
- Other investment indicated an increase of 0.2 percent to USD 314.0 billion compared to the end of 2020. FX deposits of non-residents held within the resident banks recorded USD 34.4 billion at the end of January 2021, reflecting an increase of 3.3 percent compared to the end of 2020, and TL deposits increased by 9.4 percent recording USD 17.2 billion.
- Total external loan stock of the banks recorded USD 63.7 billion decreasing by 0.7 percent compared to the end of 2020, and total external loan stock of the other sectors recorded USD 96.3 billion decreasing by 0.5 percent.