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.
International Investment Position Developments - September 2023
- According to the International Investment Position (IIP) at the end of
September 2023, external assets recorded USD 304.0billion indicating a decreaseof 1.4percent compared to the end of 2022and liabilities against non-residents recorded USD 602.4billion indicating a decreaseof 3.6percent.
- The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD
-298.3billion at the end of September 2023, in comparison to USD -316.7billion observed at the end of 2022.
- As regards to sub-items under assets, at the end of
September 2023, reserve assets recorded USD 122.2billion indicating a decreaseof 5.1percent, while other investment recorded USD 119.1billion indicating a decreaseof 1.4percent compared to the end of 2022. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 46.4billion indicating an increaseof 3.1percent compared to the end of 2022.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of
September 2023recorded USD 163.3billion indicating 20.2percent 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
increasedby 3.5percent and recorded USD 96.6billion compared to the end of 2022. Non-residents’ equity holdings recorded USD 32.1billion reflecting an increaseof 11.4percent compared to the end of 2022. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.2billion with a decreaseof 7.3percent. Outstanding eurobond holdings of nonresidents posted USD 43.9billion with an increaseof 4.7percent.
- Other investment indicated
an increaseof 4.7percent to USD 342.5billion compared to the end of 2022. FX deposits of non-residents held within the resident banks recorded USD 40.4billion at the end of September 2023, reflecting a decreaseof 2.9percent compared to the end of 2022, and TL deposits increasedby 12.3percent recording USD 15.9billion.
- Total external loan stock of the banks recorded USD
60.2billion increasingby 7.7percent compared to the end of 2022, and total external loan stock of the other sectors recorded USD 100.3billion decreasingby 0.8percent.