24.05.2022 11:12
Gap between assets abroad, liabilities total at minus $227.5B, official data shows.
Turkiye's external assets reached $286.5 billion in March, falling 2.5% from the end of last year, according to data released by the Turkish Central Bank on Tuesday.
Liabilities against non-residents also decreased 1.7% to $514 billion during the same period.
The net international investment position (NIIP), defined as the difference between Turkiye's external assets and liabilities, amounted to minus $227.5 billion at the end of March, slightly improved from minus $228.8 billion from end-2021.
Showing a snapshot in time, 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 its citizens. -