NEWS Finance        19/02/2021

Turkey’s net international investment position is minus USD 402.9 billion as of 2020 yearend

The Turkish Central Bank (TCMB) has reported Turkey's net international investment position (IIP) as minus USD 402.9 billion as of 2020 yearend, an increase of 16.3% on the net IIP of minus USD 346.5 billion recorded at the end of 2019.   

 

External assets were USD 240.6 billion as of 2020 yearend, a 5% decrease on the figure as of 2019 yearend.

 

The Bank gave the following analysis of Turkey’s international investment position (IIP) as of 2020 yearend:

 

International Investment Position Developments – December 2020

 

According to the International Investment Position (IIP) at the end of December 2020, external assets recorded USD 240.6 billion indicating a decrease of 5.0 percent compared to the end of 2019 and liabilities against non-residents recorded USD 643.5 billion indicating an increase of 7.3 percent.

 

The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -402.9 billion at the end of December 2020, in comparison to USD -346.5 billion observed at the end of 2019.

 

As regards to sub-items under assets, at the end of December 2020, reserve assets recorded USD 93.3 billion indicating a decrease of 11.7 percent, while other investment recorded USD 91.4 billion indicating a decrease of 3.9 percent compared to the end of 2019. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 41.9 billion indicating a decrease of 11.8 percent compared to the end of 2019.

 

As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of December 2020 recorded USD 213.1 billion indicating 30.2 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 decreased by 12.3 percent and recorded USD 117.3 billion compared to the end of 2019. Non-residents’ equity holdings recorded USD 29.2 billion reflecting a decrease of 10.5 percent compared to the end of 2019. Non-residents’ holdings of GDDS (Government Domestic Debt Securities) recorded USD 8.6 billion with a decrease of 44.3 percent. Outstanding euro bond holdings of non-residents posted USD 46.2 billion with a decrease of 6.2 percent.

 

Other investment indicated an increase of 3.5 percent to USD 313.1 billion compared to the end of 2019. FX deposits of non-residents held within the resident banks recorded USD 33.4 billion at the end of December 2020, reflecting a decrease of 3.3 percent compared to the end of 2019, and TL deposits increased by 15.3 percent recording USD 15.7 billion.

 

Total external loan stock of the banks recorded USD 63.8 billion decreasing by 5.5 percent compared to the end of 2019, and total external loan stock of the other sectors recorded USD 96.7 billion decreasing by 1.6 percent.”

 

 



Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020