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 - September 2019
- According to the International Investment Position (IIP) at the end of September 2019, external assets recorded USD 247.5 billion indicating an increase of 8.0 percent compared to the end of 2018 and liabilities against non-residents recorded USD 599.2 billion indicating a decrease of 0.2 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -351.6 billion at the end of September 2019, in comparison to USD -371.0 billion observed at the end of 2018.
- As regards to sub-items under assets, at the end of September 2019, reserve assets recorded USD 101.1 billion indicating an increase of 8.7 percent, while other investment recorded USD 96.6 billion indicating an increase of 8,8 percent compared to the end of 2018. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 51.1 billion indicating an increase of 14.3 percent compared to the end of 2018.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of September 2019 recorded USD 157.4 billion indicating 5.9 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 1.4 percent and recorded USD 138.0 billion compared to the end of 2018. Non-residents’ equity holdings recorded USD 31.9 billion reflecting an increase of 8.1 percent compared to the end of 2018. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 16.3 billion with a decrease of 12.0 percent. Outstanding eurobond holdings of nonresidents posted USD 49.8 billion with an increase of 3.3 percent.
- Other investment indicated a decrease of 2.5 percent to USD 303.8 billion compared to the end of 2018. FX deposits of non-residents held within the resident banks recorded USD 33.8 billion at the end of September 2019, reflecting an increase of 5.7 percent compared to the end of 2018, and TL deposits decreased by 3.6 percent recording USD 13.5 billion.
- Total external loan stock of the banks recorded USD 71.0 billion decreasing by 13.0 percent compared to the end of 2018, and total external loan stock of the other sectors recorded USD 101.3 billion decreasing by 5.0 percent.