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 - June 2019
- The current account deficit recorded USD 548 million indicating a decrease of USD 2,471 million compared to June of the previous year, bringing the 12-month rolling surplus to USD 538 million.
- This development in the current account is mainly attributable to USD 1,823 million decrease in the goods deficit recording net outflow of USD 2,601 million, as well as USD 754 million increase in services surplus to USD 3,166 million.
- Gold and energy excluded current account surplus recorded USD 2,284 million indicating an increase of USD 1,693 million compared to June of the previous year.
- Travel item under services recorded a net inflow of USD 2,527 million, increasing by USD 646 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 1,064 million increasing by USD 102 million in comparison to the same period the previous year.
- Secondary income recorded net inflow of USD 78 million increasing by USD 33 million in comparison to the same month of the previous year.
- Direct investment recorded a net inflow of USD 581 million decreasing by USD 471 million compared to the same month of the previous year.
- Portfolio investment recorded a net outflow of USD 2,098 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions and government domestic debt securities transactions recorded net purchases of USD 192 million and USD 130 million, respectively.
- Regarding the bond issues in international capital markets, banks and other sectors realized net repayments of USD 1,322 million and USD 1,249 million, respectively.
- Other investment recorded a net inflow of USD 2,368 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks decreased by USD 1,564 million and nonresident banks’ deposits held within domestic banks increased by USD 270 million, on the net basis.
- Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 1,043 million, USD 173 million and USD 1,188 million, respectively.
- Official reserves recorded net outflow of USD 2,476 million.