14.06.2024 10:42
Gap between assets, liabilities abroad falls from end 2023 to minus $323.5B, official data shows.
Türkiye's external assets were at $323.1 billion at the end of April, down 2.9% compared to the end of last year, according to official data released on Friday.
Liabilities against non-residents rose 6.6% to $648.4 billion, Turkish Central Bank data showed.
The net international investment position (NIIP), defined as the difference between Türkiye's external assets and liabilities, climbed to minus $325.3 billion at the end of April, while the figure was at minus $275.7 billion at the end of last year.
Direct investments under liabilities soared 18.6% to $180.5 billion due to changes in market value and foreign exchange rates.
The NIIP – which can be either positive or negative – is the value of overseas assets owned by a nation, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a nation's government, the private sector, and citizens. -