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 - April 2019
- The current account deficit recorded USD 1,334 million indicating a decrease of USD 4,263 million compared to April of the previous year, bringing the 12-month rolling deficit to USD 8,634 million.
- This development in the current account is mainly attributable to USD 3,656 million decrease in the goods deficit recording net outflow of USD 1,844 million, USD 263 million decrease in primary income deficit to USD 1,243 million as well as USD 401 million increase in services surplus to USD 1,738 million.
- Gold and energy excluded current account indicated USD 2,347 million surplus, in contrast to USD 1,589 million deficit observed in the same month of the previous year.
- Travel item under services recorded a net inflow of USD 1,158 million, increasing by USD 144 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 1,149 million decreasing by USD 282 million in comparison to the same period the previous year.
- Secondary income recorded net inflow of USD 15 million decreasing by USD 57 million in comparison to the same month of the previous year.
- Direct investment recorded a net inflow USD 578 million decreasing by USD 140 million compared to the same month of the previous year.
- Portfolio investment recorded a net outflow of USD 4,519 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions and government domestic debt securities transactions recorded net sales of USD 78 million and USD 662 million, respectively.
- Regarding the bond issues in international capital markets, banks realized net borrowing of USD 568 million, while General Government and other sectors realized net repayments of USD 1,405 million and USD 511 million, respectively.
- Other investment recorded a net outflow of USD 1,281 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks net increased by USD 3,056 million and USD 1,492 million, respectively.
- Regarding the loans provided from abroad, other sectors realized net borrowing of USD 157 million, while banks and General Government realized net repayments of USD 833 million and USD 72 million, respectively.
- Official reserves recorded net outflow of USD 2,805 million.