Balance of Payments Developments

Balance of Payments Developments

BALANCE OF PAYMENTS: AUGUST 2017

CURRENT ACCOUNT

  • The current account deficit recorded USD 1,237 million indicating a decrease of USD 171 million compared to August of the previous year, bringing the 12-month rolling deficit to USD 36,972 million.
  • This development in the current account is mainly attributable to USD 637 million increase in the services surplus recording net inflow of USD 3,511 million in August. On the other hand, in the same period goods item recorded USD 4,279 million increasing by USD 689 million.
  • Travel item under services recorded a net inflow of USD 2,997 million, increasing by USD 658 million compared to the same month of the previous year.
  • Investment income under primary income item indicated a net outflow of USD 591 million decreasing by USD 112 million in comparison to August 2017.
  • Secondary income recorded net inflow of USD 206 million increasing by USD 136 million in comparison to the same month of the previous year.

FINANCIAL ACCOUNT

  • Direct investment recorded a net inflow USD 657 million decreasing by USD 505 million compared to the same month of the previous year.
  • Portfolio investment recorded a net inflow of USD 2,237 million. As regards to sub-items through liabilities, non-residents’ equity securities and government domestic debt securities transactions recorded net purchases of USD 520 million and USD 1,016 million, respectively.  
  • Regarding the bond issues in international capital markets, banks realized net disbursement of USD 354 million.
  • Other investment recorded a net inflow of USD 133 million.
  • Under other investment, banks’ currency and deposits within their foreign correspondent banks decreased by USD 68 million, and nonresident banks’ deposits held within domestic banks decreased by USD 376 million.
  • Regarding the loans provided from abroad, General Government and banks realized net repayments of USD 117 million and USD 192 million, respectively. On the other hand, other sectors realized a net disbursement of USD 1,080 million.
  • Official reserves increased by USD 3,401 million.

 


CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40