Turkey's Foreign Assets Near $400 Billion, But Debt Gap Remains Massive

Turkey's foreign assets climbed to $399.2 billion this October, according to official data. However, the country's external debts grew even faster. This has widened its "net international investment position"—the gap between what it owns abroad and what it owes to foreign lenders. That gap now stands at $323.3 billion in debt. In simple terms, while Turkish entities have increased their holdings overseas, the value of foreign investments and loans inside Turkey is much larger. The data provides a key snapshot of the country's financial standing with the rest of the world.