International Investment Position
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 - March 2023
- According to the International Investment Position (IIP) at the end of
March 2023, external assets recorded USD 307.6billion indicating a decreaseof 0.5percent compared to the end of 2022and liabilities against non-residents recorded USD 555.0billion indicating a decreaseof 5.4percent.
- The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD
-247.4billion at the end of March 2023, in comparison to USD -277.7billion observed at the end of 2022.
- As regards to sub-items under assets, at the end of
March 2023, reserve assets recorded USD 122.4billion indicating a decreaseof 4.9percent, while other investment recorded USD 122.4billion indicating an increaseof 2.2percent compared to the end of 2022. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 48.2billion indicating an increaseof 7.2percent compared to the end of 2022.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of
March 2023recorded USD 123.3billion indicating 25.7percent decreasein comparison to the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates.
- Portfolio investment
decreasedby 4.9percent and recorded USD 88.6billion compared to the end of 2022. Non-residents’ equity holdings recorded USD 24.4billion reflecting a decreaseof 15.2percent compared to the end of 2022. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.2billion with a decreaseof 0.2percent. Outstanding eurobond holdings of nonresidents posted USD 44.1billion with an increaseof 5.1percent.
- Other investment indicated
an increaseof 4.7percent to USD 343.2billion compared to the end of 2022. FX deposits of non-residents held within the resident banks recorded USD 41.9billion at the end of March 2023, reflecting an increaseof 3.9percent compared to the end of 2022, and TL deposits increasedby 25.3percent recording USD 17.7billion.
- Total external loan stock of the banks recorded USD
58.1billion increasingby 1.8percent compared to the end of 2022, and total external loan stock of the other sectors recorded USD 103.1billion increasingby 1.7percent.