International Investment Position

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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 - January 2020

  • According to the International Investment Position (IIP) at the end of January 2020, external assets recorded USD 250.2 billion indicating a decrease of 0.7 percent compared to the end of 2019 and liabilities against non-residents recorded USD 616.4 billion indicating an increase of 1.9 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -366.2 billion at the end of January 2020, in comparison to USD -353.0 billion observed at the end of 2019.
  • As regards to sub-items under assets, at the end of January 2020, reserve assets recorded USD 102.5 billion indicating a decrease of 2.9 percent, while other investment recorded USD 96.9 billion indicating an increase of 1,1 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 48.7 billion indicating an increase of 2.6 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 January 2020 recorded USD 182.1 billion indicating 9.6 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 1.9 percent and recorded USD 133.3 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 33.4 billion reflecting an increase of 2.5 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 15.5 billion with an increase of 0.4 percent. Outstanding eurobond holdings of nonresidents posted USD 46.0 billion with a decrease of 6.5 percent.
  • Other investment indicated a decrease of 0.7 percent to USD 301.0 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 34.6 billion at the end of January 2020, reflecting a decrease of 0.3 percent compared to the end of 2019, and TL deposits increased by 11.5 percent recording USD 15.2 billion.
  • Total external loan stock of the banks recorded USD 66.8 billion decreasing by 2.5 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 96.6 billion decreasing by 1.2 percent.

Data - January 2020

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