International Investment Position

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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.

Detailed technical information on the revisions can be accessed from the Research Notes in Economics and CBRT Blog pages.

International Investment Position Developments - July 2024

  • According to the International Investment Position (IIP) at the end of July 2024, external assets recorded USD 348.8 billion indicating an increase of 4.8 percent compared to the end of 2023 and liabilities against non-residents recorded USD 706.5 billion indicating an increase of 8.9 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -357.7 billion at the end of July 2024, in comparison to USD -316.2 billion observed at the end of 2023.
  • As regards to sub-items under assets, at the end of July 2024, reserve assets recorded USD 147.8 billion indicating an increase of 4.9 percent, while other investment recorded USD 129.1 billion indicating an increase of  3.9 percent compared to the end of 2023. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 49.7 billion indicating an increase of 6.9 percent compared to the end of 2023.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of July 2024 recorded USD 222.0 billion indicating 15.3 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 increased by 29.1 percent and recorded USD 123.8 billion compared to the end of 2023. Non-residents’ equity holdings recorded USD 39.5 billion reflecting an increase of 33.6 percent compared to the end of 2023. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 13.2 billion with an increase of 399.2 percent. Outstanding eurobond holdings of nonresidents posted USD 44.3 billion with an increase of 4.1 percent.
  • Other investment indicated an increase of 0.1 percent to USD 360.7 billion compared to the end of 2023. FX deposits of non-residents held within the resident banks recorded USD 40.9 billion at the end of July 2024, reflecting a decrease of 5.3 percent compared to the end of 2023, and TL deposits increased by 36.4 percent recording USD 23.2 billion.
  • Total external loan stock of the banks recorded USD 68.8 billion increasing by 10.1 percent compared to the end of 2023, and total external loan stock of the other sectors recorded USD 100.2 billion decreasing by 0.8 percent.

 

Data - July 2024

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