Gap between assets, liabilities abroad falls from end-2022 to minus $285.2B, official data shows
Türkiye’s external assets totaled $326.9 billion at the end of 2023, up 6% from end-2022, according to official data released Tuesday.
Meanwhile, liabilities against non-residents fell 2% to $612.1 billion, Turkish Central Bank data showed.
The net international investment position (NIIP), defined as the difference between Türkiye’s external assets and liabilities, was at minus $285.2 billion at the end of December, narrowing from minus $316.1 billion at the end of the previous year.
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 citizens.
Source: aa