Türkiye's external assets rise to $302.4B in November 2022

By Tuba Sahin

ANKARA (AA) – Türkiye's external assets hit $302.4 billion in November 2022, a rise of 4.9% from end-2021, according to official data released on Wednesday.

Liabilities against non-residents increased by 4.3% to $567.3 billion during the same period, the Turkish Central Bank data showed.

The net international investment position (NIIP), defined as the difference between Türkiye's external assets and liabilities, reached minus $265 billion at the end of November versus minus $255.8 billion at the end of last year.

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.