The International Investment Position (IIP) is a monthly statistical statement that shows at a point in time the stock value of financial assets 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.
Data have been revised with the publication on 19 August 2021.
International Investment Position Developments - August 2021
- According to the International Investment Position (IIP) at the end of August 2021, external assets recorded USD 297.4 billion indicating an increase of 16.4 percent compared to the end of 2020 and liabilities against non-residents recorded USD 589.7 billion indicating a decrease of 9.1 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -292.3 billion at the end of August 2021, in comparison to USD -393.1 billion observed at the end of 2020.
- As regards to sub-items under assets, at the end of August 2021, reserve assets recorded USD 117.8 billion indicating an increase of 26.2 percent, while other investment recorded USD 121.1 billion indicating an increase of 11.8 percent compared to the end of 2020. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 52.2 billion indicating an increase of 24.5 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 August 2021 recorded USD 166.5 billion indicating 29.3 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 6.9 percent and recorded USD 107.6 billion compared to the end of 2020. Non-residents’ equity holdings recorded USD 23.7 billion reflecting a decrease of 18.8 percent compared to the end of 2020. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 7.1 billion with an increase of 7.6 percent. Outstanding eurobond holdings of nonresidents posted USD 45.6 billion with a decrease of 1.3 percent.
- Other investment indicated an increase of 6.0 percent to USD 315.6 billion compared to the end of 2020. FX deposits of non-residents held within the resident banks recorded USD 34.7 billion at the end of August 2021, reflecting an increase of 4.1 percent compared to the end of 2020, and TL deposits increased by 1.5 percent recording USD 16.0 billion.
- Total external loan stock of the banks recorded USD 69.6 billion decreasing by 2.7 percent compared to the end of 2020, and total external loan stock of the other sectors recorded USD 98.9 billion increasing by 2.4 percent.