BALANCE OF PAYMENTS: JANUARY-NOVEMBER
2011
§ The current
account balance posted a net deficit of USD 70,241 million in the eleven
months, indicating an increase of USD 30,719 million over the same period of the
previous year. This development is mainly attributable to USD 33,557 million
increase in foreign trade deficit, according to the balance of payments
presentation, recording USD 82,744 million.
§ Under services
account, the travel revenues increased by 13.2 percent to USD 22,351
million, while the travel expenditures decreased by 1.8 percent
to USD 4,314 million in comparison with the same period of the previous year.
§ The
main sub-items under investment income, namely direct investment,
portfolio investments and other investment consisting of the
interest income and expenditures recorded a net outflow of USD 6,979 million in
the eleven months, increasing by USD 783 million observed during the same
period of the previous year.
CAPITAL AND FINANCIAL ACCOUNTS
§ Non-residents’ net direct investment
in Turkey reached USD 12,084 million in the eleven months,
increasing by USD 4,990 million over the same period of previous year.
§ Residents’
net direct investment abroad recorded
USD 2,061 million in the eleven months.
§ Non-residents’
equity security transactions
recorded net sales of USD 1,231 million in the eleven months of this year,
including the net sales of USD 269 million in November.
§ As regards to government domestic
debt securities issued in the domestic capital market, non-residents realized
net purchases of USD 11,540 million January-November 2011, including net purchases
of USD 1,545 million observed in November.
§ As regards to bond issues in international capital markets, banks borrowed USD 600 million in November,
as a result, banks’ net borrowing of USD 2,897 million was observed in the
eleven months.
§ Banks’ currency and deposit
assets in the form of foreign exchange and Turkish Lira recorded a decrease
of USD 3,384 million in the eleven months as a result of USD 5,426 million decrease
in foreign exchange, in contrast to USD 2,042 million increase in Turkish Lira.
Other sectors’ deposit assets abroad recorded a decrease of USD 11,533
million in the eleven months.
§ General Government realized net repayment of USD 959 million as long-term loans received
from international capital markets and other international organizations
(including IMF loans) in the eleven months, including the net repayment of USD 553 million observed in
November.
§ As regards to loans, banks
realized a net disbursement of USD 12,606 million, increasing from USD 9,246
million observed in the same period of the previous year. Other sector realized a net disbursement of USD 7,111 million, in
contrast to net repayment of USD 5,169 million observed in the same period of
the previous year.
§ The deposits of non-resident
Turkish citizens held within the Central
Bank recorded a net outflow of USD 1,844 million in the eleven months,
increasing from the net outflow of USD 491 million observed in the same period
of 2010.
§ Non-resident banks’ foreign exchange deposits held within domestic
banks increased by USD 2,705 million and Turkish Lira deposits posted a
decrease of USD 7,011 million.
§ Official reserves, a sub-item under reserve assets, recorded an
increase of USD 3,645 million in the eleven months of 2011, including USD 1,938
million increase in November.
• Detailed tables related to balance of payments
developments can be found at the Internet
address: http://www.tcmb.gov.tr/ under the
heading “Data/Periodic Data/Balance
of Payments Statistics”.