Turkey’s assets abroad hit $248.2 billion at the end of November 2019, rising 8.3% from the end of 2018, the Turkish Central Bank revealed Monday.

The country’s liabilities against non-residents saw a slight decrease of 0.5%, reaching $595.2 billion during the same period.

Thus, Turkey’s net international investment position (NIIP) — the gap between its external assets and liabilities — amounted to minus $347.0 billion as of Nov. 30, down from minus $369.3 billion at the end of the previous year.

NIIP is the value of overseas assets owned by a nation, minus the value of domestic assets owned

Read more: Turkey’s external assets hit $248.2B in November 2019