International investment position deficit decreases

external assets decreased by 10.9 TURKEY’S percent to $225.8 billion in April compared to the end of 2019, while liabilities against non-residents fell by 8.1 percent to $550.2 billion during the same period. The net international investment position (IIP), defined as the difference between Turkey’s external assets and liabilities, posted a deficit of $324.4 billion at the end of April, compared to a $345 billion deficit at the end of 2019. During this period, non-residents’ equity holdings decreased by 32 percent to $22.2 billion, and non-residents’ holdings of GDDS (Government Domestic Debt Securities) fell by 45.6 percent to $8.4 billion, while outstanding Eurobond holdings of non-residents increased by 1.4 percent to $49.9 billion.