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 - March 2020
- According to the International Investment Position (IIP) at the end of March 2020, external assets recorded USD 233.8 billion indicating a decrease of 7.3 percent compared to the end of 2019 and liabilities against non-residents recorded USD 548.5 billion indicating a decrease of 9.2 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -314.7 billion at the end of March 2020, in comparison to USD -351.9 billion observed at the end of 2019.
- As regards to sub-items under assets, at the end of March 2020, reserve assets recorded USD 92.1 billion indicating a decrease of 12.8 percent, while other investment recorded USD 90.5 billion indicating a decrease of 5,6 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 43.8 billion indicating a decrease of 7.8 percent compared to the end of 2019.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of March 2020 recorded USD 133.3 billion indicating 19.8 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 decreased by 11.5 percent and recorded USD 120.2 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 21.9 billion reflecting a decrease of 32.9 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 9.6 billion with a decrease of 37.8 percent. Outstanding eurobond holdings of nonresidents posted USD 51.3 billion with an increase of 4.2 percent.
- Other investment indicated a decrease of 2.4 percent to USD 294.9 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 32.4 billion at the end of March 2020, reflecting a decrease of 6.9 percent compared to the end of 2019, and TL deposits increased by 7.4 percent recording USD 14.6 billion.
- Total external loan stock of the banks recorded USD 65.3 billion decreasing by 2.3 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 96.5 billion decreasing by 1.8 percent.