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 2020
- According to the International Investment Position (IIP) at the end of September 2020, external assets recorded USD 225.0 billion indicating a decrease of 11.2 percent compared to the end of 2019 and liabilities against non-residents recorded USD 593.5 billion indicating a decrease of 0.9 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -368.5 billion at the end of September 2020, in comparison to USD -345.4 billion observed at the end of 2019.
- As regards to sub-items under assets, at the end of September 2020, reserve assets recorded USD 79.7 billion indicating a decrease of 24.6 percent, while other investment recorded USD 90.8 billion indicating a decrease of 4.5 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 48.0 billion indicating an increase of 1.1 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 September 2020 recorded USD 185.4 billion indicating 13.4 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 21.7 percent and recorded USD 103.9 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 20.4 billion reflecting a decrease of 37.3 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 5.7 billion with a decrease of 63.1 percent. Outstanding eurobond holdings of nonresidents posted USD 45.8 billion with a decrease of 7.0 percent.
- Other investment indicated an increase of 0.6 percent to USD 304.2 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 33.0 billion at the end of September 2020, reflecting a decrease of 5.1 percent compared to the end of 2019, and TL deposits increased by 8.7 percent recording USD 14.8 billion.
- Total external loan stock of the banks recorded USD 64.0 billion decreasing by 6.6 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 93.0 billion decreasing by 4.2 percent.