In the broadest terms, Balance of Payments is a statistical report prepared to show the systematic records of economic transactions between residents of a country with residents of another country (non-residents) over a certain period of time. The international standards regarding the compilation of the balance of payments statistics are defined in the Balance of Payments and International Investment Position Manual prepared by the International Monetary Fund (IMF) to provide guidance to member countries. These standards ensure comparability of the balance of payments statistics among countries.
Turkish Balance of Payments statistics are issued on a monthly basis and compiled based on the 6th edition of the IMF's Balance of Payments and International Investment Position Manual released in 2009.
Data are available as time series in EVDS. Click here for access.
Balance of Payments Developments - January 2019
- The current account deficit recorded USD 813 million indicating a decrease of USD 6,221 million compared to January of the previous year, bringing the 12-month rolling deficit to USD 21,592 million.
- This development in the current account is mainly attributable to USD 6,239 million decrease in the goods deficit recording net outflow of USD 1,570 million, as well as USD 221 million increase in net inflows in the services item realizing USD 1,274 million.
- Gold and energy excluded current account indicated USD 2,943 million surplus, in contrast to USD 1,505 million deficit observed in the same month of the previous year.
- Travel item under services recorded a net inflow of USD 1,034 million, increasing by USD 127 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 529 million increasing by USD 119 million in comparison to the same period the previous year.
- Secondary income recorded net inflow of USD 92 million decreasing by USD 116 million in comparison to the same month of the previous year.
- Direct investment recorded a net inflow USD 586 million increasing by USD 204 million compared to the same month of the previous year.
- Portfolio investment recorded a net inflow of USD 6,110 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions recorded net purchases of USD 1,300 million and government domestic debt securities transactions recorded net sales of USD 192 million.
- Regarding the bond issues in international capital markets, banks realized net borrowing of USD 1,146 million and General Government realized new issues with an amount of USD 3,414 million.
- Other investment recorded a net outflow of USD 579 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks increased respectively by USD 2,444 million and USD 2,215 million, on net basis.
- Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 2,213 million, USD 95 million and USD 162 million, respectively.
- Official reserves recorded net inflow of USD 3,540 million.