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 - November 2019
- According to the International Investment Position (IIP) at the end of November 2019, external assets recorded USD 248.2 billion indicating an increase of 8.3 percent compared to the end of 2018 and liabilities against non-residents recorded USD 595.2 billion indicating a decrease of 0.5 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -347.0 billion at the end of November 2019, in comparison to USD -369.3 billion observed at the end of 2018.
- As regards to sub-items under assets, at the end of November 2019, reserve assets recorded USD 104.8 billion indicating an increase of 12.7 percent, while other investment recorded USD 93.1 billion indicating an increase of 4,8 percent compared to the end of 2018. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 45.5 billion indicating an increase of 1.8 percent compared to the end of 2018.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of November 2019 recorded USD 163.9 billion indicating 10.3 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 3.0 percent and recorded USD 135.7 billion compared to the end of 2018. Non-residents’ equity holdings recorded USD 31.4 billion reflecting an increase of 6.5 percent compared to the end of 2018. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 15.7 billion with a decrease of 15.0 percent. Outstanding eurobond holdings of nonresidents posted USD 49.9 billion with an increase of 3.5 percent.
- Other investment indicated a decrease of 4.6 percent to USD 295.6 billion compared to the end of 2018. FX deposits of non-residents held within the resident banks recorded USD 34.3 billion at the end of November 2019, reflecting an increase of 7.2 percent compared to the end of 2018, and TL deposits decreased by 2.0 percent recording USD 13.8 billion.
- Total external loan stock of the banks recorded USD 67.9 billion decreasing by 16.1 percent compared to the end of 2018, and total external loan stock of the other sectors recorded USD 100.9 billion decreasing by 5.3 percent.