Daily Sabah
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.