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 - March 2019
- According to the International Investment Position (IIP) at the end of March 2019, external assets recorded USD 241.7 billion indicating an increase of 4.6 percent compared to the end of 2018 and liabilities against non-residents recorded USD 578.8 billion indicating a decrease of 1.5 percent.
- The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -337.1 billion at the end of March 2019, in comparison to USD -356.2 billion observed at the end of 2018.
- As regards to sub-items under assets, at the end of March 2019, reserve assets recorded USD 96.3 billion indicating an increase of 3.5 percent, while other investment recorded USD 92.3 billion indicating an increase of 7,4 percent compared to the end of 2018. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 51.4 billion indicating an increase of 15.0 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 March 2019 recorded USD 122.4 billion indicating 9.7 percent decrease 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 increased by 2.3 percent and recorded USD 143.5 billion compared to the end of 2018. Non-residents’ equity holdings recorded USD 29.3 billion reflecting a decrease of 1.2 percent compared to the end of 2018. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 14.5 billion with a decrease of 21.5 percent. Outstanding eurobond holdings of nonresidents posted USD 52.2 billion with an increase of 8.2 percent.
- Other investment indicated an increase of 0.4 percent to USD 312.9 billion compared to the end of 2018. FX deposits of non-residents held within the resident banks recorded USD 32.6 billion at the end of March 2019, reflecting an increase of 1.8 percent compared to the end of 2018, and TL deposits increased by 7.1 percent recording USD 15.0 billion.
- Total external loan stock of the banks recorded USD 78.1 billion decreasing by 4.2 percent compared to the end of 2018, and total external loan stock of the other sectors recorded USD 104.4 billion decreasing by 2.4 percent.