Turkey’s international investment deficit position grew by a third in a year
Azerbaijan, Baku, Jan. 21 / Trend A.Taghiyeva /
The deficit of the international investment position (IIP) of Turkey, reflecting the accumulated stocks of external financial assets and liabilities of the country for a certain period, grew in November 2012 by 31 per cent compared to the same month in 2011, reaching $392.3 billion, the report of the Central Bank of Turkey published on Monday on its website says.
Turkey's foreign reserve assets grew by 17.4 per cent in November on an annualised basis, reaching $209 billion.
During the year, Turkey's external debt increased by 20.6 per cent to $601.3 billion.
Turkey's portfolio investment in November grew by $59.4 billion compared to the same period last year, amounting to $296 billion. Capital reserves of non-residents grew by 66.4 per cent to $65.1 billion.
Other international investments of Turkey not included in direct and portfolio investments increased by $15.9 billion over the year, reaching $113.1 billion.