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.
International Investment Position Developments - July 2023
- According to the International Investment Position (IIP) at the end of
July 2023, external assets recorded USD 298.7billion indicating a decreaseof 3.1percent compared to the end of 2022and liabilities against non-residents recorded USD 588.9billion indicating a decreaseof 5.7percent.
- The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD
-290.2billion at the end of July 2023, in comparison to USD -316.1billion observed at the end of 2022.
- As regards to sub-items under assets, at the end of
July 2023, reserve assets recorded USD 111.6billion indicating a decreaseof 13.3percent, while other investment recorded USD 124.9billion indicating an increaseof 3.3percent compared to the end of 2022. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 50.2billion indicating an increaseof 11.7percent compared to the end of 2022.
- As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of
July 2023recorded USD 154.6billion indicating 24.3percent decreasein comparison to the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates.
- Portfolio investment
decreasedby 3.6percent and recorded USD 89.9billion compared to the end of 2022. Non-residents’ equity holdings recorded USD 28.1billion reflecting a decreaseof 2.3percent compared to the end of 2022. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 0.8billion with a decreaseof 32.0percent. Outstanding eurobond holdings of nonresidents posted USD 42.6billion with an increaseof 1.5percent.
- Other investment indicated
an increaseof 5.4percent to USD 344.3billion compared to the end of 2022. FX deposits of non-residents held within the resident banks recorded USD 42.7billion at the end of July 2023, reflecting an increaseof 2.6percent compared to the end of 2022, and TL deposits increasedby 4.4percent recording USD 14.7billion.
- Total external loan stock of the banks recorded USD
57.9billion increasingby 2.9percent compared to the end of 2022, and total external loan stock of the other sectors recorded USD 100.6billion increasingby 0.2percent.