Türkiye’s external assets rise to $337.3B in May

The Central Bank of the Republic of Türkiye released its latest figures on Friday, revealing notable changes in the country’s external assets and liabilities as of May.

External assets and liabilities overview

As of May, Türkiye’s total external assets reached $337.3 billion, marking a 1.4% increase from the end of 2023. However, the country’s liabilities against non-residents rose substantially by 10.2%, reaching $670.9 billion.

Net international investment position

The net international investment position, which measures the difference between external assets and liabilities, worsened to negative $333.5 billion from negative $275.8 billion at the end of 2023. This reflects a growing imbalance between assets and liabilities.

Reserve and investment changes

Reserve assets saw a 2% increase, totaling $143.6 billion. In contrast, other investments decreased by 1%, amounting to $123.2 billion. Currency and deposits of banks also grew slightly by 0.6%, reaching $46.9 billion.

Sector-specific developments

Direct investments under liabilities surged by 24.7% to $189.7 billion, influenced by market value changes and foreign exchange rates. Portfolio investments increased by 23.4%, totaling $118.3 billion. External loan stocks of banks rose by 1.9% to $63.9 billion, while external loan stock for other sectors decreased by 0.9% to $100.1 billion.