September 20, 2022

International Investment Position Developments in Türkiye – July 2022

  • According to the International Investment Position (IIP) at the end of July 2022, external assets recorded USD 287.3 billion indicating a decrease of 0.3 percent compared to the end of 2021 and liabilities against non-residents recorded USD 504.6 billion indicating a decrease of 7.3 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -217.3 billion at the end of July 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 July 2022, reserve assets recorded USD 101.3 billion indicating a decrease of 8.9 percent, while other investment recorded USD 127.6 billion indicating an increase of  4.9 percent compared to the end of 2021. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 53.4 billion indicating an increase of 3.6 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 July 2022 recorded USD 109.5 billion indicating 22.9 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 11.6 percent and recorded USD 84.9 billion compared to the end of 2021. Non-residents’ equity holdings recorded USD 14.9 billion reflecting a decrease of 19.4 percent compared to the end of 2021. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 1.3 billion with a decrease of 63.2 percent. Outstanding eurobond holdings of nonresidents posted USD 43.5 billion with a decrease of 4.1 percent.
  • Other investment indicated an increase of 1.3 percent to USD 310.3 billion compared to the end of 2021. FX deposits of non-residents held within the resident banks recorded USD 37.3 billion at the end of July 2022, reflecting an increase of 7.1 percent compared to the end of 2021, and TL deposits increased by 12.7 percent recording USD 10.9 billion.
  • Total external loan stock of the banks recorded USD 60.9 billion decreasing by 8.6 percent compared to the end of 2021, and total external loan stock of the other sectors recorded USD 96.0 billion decreasing by 0.9 percent.

Source: Central Bank of the Republic of Türkiye
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