October 19, 2022

International Investment Position Developments in Türkiye – August 2022

  • According to the International Investment Position (IIP) at the end of August 2022, external assets recorded USD 296.1 billion indicating an increase of 2.7 percent compared to the end of 2021 and liabilities against non-residents recorded USD 519.2 billion indicating a decrease of 4.6 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -223.1 billion at the end of August 2022, in comparison to USD -256.0 billion observed at the end of 2021.
  • As regards to sub-items under assets, at the end of August 2022, reserve assets recorded USD 111.2 billion, while other investment recorded USD 126.2 billion indicating an increase of  3.7 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 51.4 billion indicating a decrease of 0.3 percent compared to the end of 2021.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of August 2022 recorded USD 115.5 billion indicating 18.6 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 decreased by 9.0 percent and recorded USD 87.4 billion compared to the end of 2021. Non-residents’ equity holdings recorded USD 18.8 billion reflecting an increase of 1.9 percent compared to the end of 2021. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.4 billion with a decrease of 59.5 percent. Outstanding eurobond holdings of nonresidents posted USD 42.4 billion with a decrease of 6.5 percent.
  • Other investment indicated an increase of 3.3 percent to USD 316.3 billion compared to the end of 2021. FX deposits of non-residents held within the resident banks recorded USD 37.8 billion at the end of August 2022, reflecting an increase of 8.4 percent compared to the end of 2021, and TL deposits increased by 14.2 percent recording USD 11.1 billion.
  • Total external loan stock of the banks recorded USD 61.3 billion decreasing by 7.9 percent compared to the end of 2021, and total external loan stock of the other sectors recorded USD 97.9 billion increasing by 0.9 percent.

Source: Central Bank of the Republic of Türkiye
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