Turkey’s net international investment position (NIIP) improved as of the end of 2019 versus the end of previous year, as its assets abroad increased at a higher pace than liabilities against non-residents, official data showed Friday. 

Turkey’s assets abroad reached $250.6 billion at the end of last year, rising 9.4% from the end of 2018, the Turkish Central Bank said in a statement.

The country’s liabilities against non residents rose slightly by 0.3% to hit $599.5 billion in the same period, bringing the NIIP – the gap between its external assets and liabilities – to minus $348.9 billion as

Read more: Turkey’s external assets increase at end-2019