Balance of Payments Developments

Balance of Payments Developments

BALANCE OF PAYMENTS: OCTOBER 2017

CURRENT ACCOUNT

  • The current account deficit recorded USD 3,827 million indicating an increase of USD 2,191 million compared to October of the previous year, bringing the 12-month rolling deficit to USD 41,904 million.
  • This development in the current account is mainly attributable to USD 2,796 million increase in the goods deficit recording net outflow of USD 5,599 million, as well as USD 293 million increase in primary income deficit to USD 1,073 million.
  • Travel item under services recorded a net inflow of USD 2,189 million, increasing by USD 503 million compared to the same month of the previous year.
  • Investment income under primary income item indicated a net outflow of USD 987 million increasing by USD 271 million in comparison to the same period the previous year.
  • Secondary income recorded net inflow of USD 224 million increasing by USD 102 million in comparison to the same month of the previous year.

FINANCIAL ACCOUNT

  • Direct investment recorded a net inflow USD 614 million decreasing by USD 54 million compared to the same month of the previous year.
  • Portfolio investment recorded a net inflow of USD 1,621 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions recorded net purchases of USD 111 million and government domestic debt securities transactions recorded net purchases of USD 73 million.  
  • Regarding the bond issues in international capital markets, banks and other sectors realized net borrowings of USD 914 and 720 million, respectively.
  • Other investment recorded a net inflow of USD 2,780 million.
  • Under other investment, banks’ currency and deposits within their foreign correspondent banks increased by USD 937 million, while nonresident banks’ deposits held within domestic banks decreased by USD 395 million.
  • Regarding the loans provided from abroad, banks and other sectors realized net borrowing of USD 2,380 and 1,597 million, respectively. On the other hand, General Government realized repayments of USD 136 million.
  • Official reserves recorded net inflow of USD 4,983 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