International Investment Position Developments of Türkiye – May 2024

  • According to the International Investment Position (IIP) at the end of May 2024, external assets recorded USD 337.3 billion indicating an increase of 1.4 percent compared to the end of 2023 and liabilities against non-residents recorded USD 670.9 billion indicating an increase of 10.2 percent.
  • The net IIP, defined as the difference between Türkiye’s external assets and liabilities, posted USD -333.5 billion at the end of May 2024, in comparison to USD -275.8 billion observed at the end of 2023.
  • As regards to sub-items under assets, at the end of May 2024, reserve assets recorded USD 143.6 billion indicating an increase of 2.0 percent, while other investment recorded USD 123.2 billion indicating a decrease of  1.0 percent compared to the end of 2023. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 46.9 billion indicating an increase of 0.6 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 May 2024 recorded USD 189.7 billion indicating 24.7 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 23.4 percent and recorded USD 118.3 billion compared to the end of 2023. Non-residents’ equity holdings recorded USD 41.1 billion reflecting an increase of 39.2 percent compared to the end of 2023. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 9.9 billion with an increase of 276.8 percent. Outstanding eurobond holdings of nonresidents posted USD 43.5 billion with an increase of 2.2 percent.
  • Other investment indicated an increase of 0.6 percent to USD 362.9 billion compared to the end of 2023. FX deposits of non-residents held within the resident banks recorded USD 41.4 billion at the end of May 2024, reflecting a decrease of 4.1 percent compared to the end of 2023, and TL deposits increased by 37.0 percent recording USD 23.3 billion.
  • Total external loan stock of the banks recorded USD 63.9 billion increasing by 1.9 percent compared to the end of 2023, and total external loan stock of the other sectors recorded USD 100.1 billion decreasing by 0.9 percent.

Source: Central Bank of the Republic of Türkiye
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.