Turkey’s external assets, liabilities rise in first half of 2016

ANADOLU AGENCY
ANKARA
Published 17.08.2016 16:00
Turkey’s external assets, liabilities rise in first half of 2016

In the first six months of 2016 Turkey's assets abroad rose 6.8 percent over the end of last year to reach $234 billion, according to the Turkish Central Bank data released on Wednesday.

Liabilities also increased 4.5 percent to reach $612.9 billion in the first six months of 2016, according to Central Bank statistics.

The net international investment position or NIIP-the gap between Turkey's assets abroad and liabilities-came close to $379 billion in June.

NIPP 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.

Turkey's national income was close to $721 billion in 2015, and the country's debts were 34 percent of the national income.

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