---
title: "Turkey's International Investment Gap Rose By $37 Bn. In 2014"
date: "2015-02-17 11:11:01"
author: "DHA"
tags: "İstanbul"
canonical_url: "https://www.mynet.com/turkeys-international-investment-gap-rose-by-37-bn-in-2014-180101689943"
original_url: "https://www.mynet.com/turkeys-international-investment-gap-rose-by-37-bn-in-2014-180101689943"
---
# Turkey's International Investment Gap Rose By $37 Bn. In 2014
\- Turkey's net International Investment Position (IIP) gap widened by 37 billion dollars in 2014, fuelled by soaring portfolio investments, according to the data released by the Central Bank of Turkey, on Tuesday.
External assets of Turkey rose by 1.8 percent to 230.1 billion dollars in 2014, while liabilities against non-residents recorded rose by 6.6 percent to 661 billion dollars over the same period.
The net IIP gap, defined as the difference between Turkey’s external assets and liabilities, rose to 431 billion dollars at the end of 2014, up from 394 billion dollars at the end of the year before.
As regards to sub-items under assets, at the end of 2014, reserve assets recorded 127.3 billion dollars indicating a decrease of 3.7 billion, while other investment recorded 60.9 billion dollars indicating an increase of 533 million dollars compared to the end of 2013.
Currency and deposits of banks, one of the sub-items of other investment, decreased by 4.9 percent to 22.1 billion dollars compared to the end of 2013.
As regards to sub-items under liabilities, direct investment at the end of 2014 recorded 169 billion dollars indicating 13.0 percent increase in comparison to the end of the previous year due to the changes in the market value and foreign exchange rates.
Total portfolio investment at the end of 2014 increased by 24 billion dollars to 154 billion dollars compared to the end of 2013.
Non-residents’ equity holdings recorded 62 billion dollars reflecting an increase of 18.5 percent compared to the end of 2013.
Non-residents’ holdings of Government Domestic Debt Securities, a sub-item under debt securities stock, recorded 52.2 billion dollars with an increase of 0.2 percent. Eurobond stock of the Treasury posted 38.7 billion dollars with an increase of 2.6 percent.
Other investment at the end of 2014 recorded a decrease of 2.1 billion dollars compared to the end of 2013. Deposits of Turkish citizens residing abroad held within the Central Bank realized as 2.5 billion, a decrease of 52.6 percent compared to the end of 2013.
FX deposits of non-residents held within the resident banks recorded 34.2 billion dollars at the end of 2014, reflecting a decrease of 7.2 percent to the end of 2013 while TL deposits increased by 21.3 percent to 13.4 billion.
Total external loan stock of the banks recorded 94.2 billion dollars at the end of 2014 increasing by 8.7 percent compared to the end of 2013, while total external loan stock of the other sectors fell by 2.7 percent to 93.3 billion dollars during the same period.
