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 - September 2024

  • According to the International Investment Position (IIP) at the end of September 2024, external assets recorded USD 354.8 billion indicating an increase of 6.7 percent compared to the end of 2023 and liabilities against non-residents recorded USD 672.9 billion indicating an increase of 3.3 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -318.1 billion at the end of September 2024, in comparison to USD -318.6 billion observed at the end of 2023.
  • As regards to sub-items under assets, at the end of September 2024, reserve assets recorded USD 152.1 billion indicating an increase of 7.9 percent, while other investment recorded USD 129.8 billion indicating an increase of  4.5 percent compared to the end of 2023. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 50.0 billion indicating an increase of 7.4 percent compared to the end of 2023.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of September 2024 recorded USD 190.9 billion indicating 1.8 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 increased by 23.6 percent and recorded USD 119.1 billion compared to the end of 2023. Non-residents’ equity holdings recorded USD 33.7 billion reflecting an increase of 14.2 percent compared to the end of 2023. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 15.8 billion. Outstanding eurobond holdings of nonresidents posted USD 44.1 billion with an increase of 3.7 percent.
  • Other investment indicated an increase of 0.6 percent to USD 362.8 billion compared to the end of 2023. FX deposits of non-residents held within the resident banks recorded USD 41.8 billion at the end of September 2024, reflecting a decrease of 3.2 percent compared to the end of 2023, and TL deposits increased by 27.8 percent recording USD 21.8 billion.
  • Total external loan stock of the banks recorded USD 70.5 billion increasing by 12.6 percent compared to the end of 2023, and total external loan stock of the other sectors recorded USD 102.4 billion increasing by 1.3 percent.

Data - September 2024

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