Turkey's assets abroad increased one percent during January-April compared to the end of 2016 to reach $217.6 billion, the Turkish Central Bank revealed on Friday.
Overseas liabilities also rose by 8.8 percent to $623.8 billion during the same period, the bank added, putting Turkey’s April Net International Investment Position (NIIP) at -$406.2 billion, a 5.8 percent improvement on the same period last year.
The NIIP is a nation’s stock of foreign assets minus its foreign liabilities as well as the value of overseas assets owned by a country minus the value of foreign-owned domestic assets.
"As regards to sub-items under liabilities, direct investment at the end of April 2017 recorded $164.3 billion indicating [a] 20.3 percent increase in comparison to the end of the previous year, with the contribution of the changes in the market value and foreign exchange rates," the bank said.
By Tuba Sahin