Balance of Payments Statistics
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.
Türkiye's 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 - March 2024
Current Account
- In March, current account recorded net deficit of USD 4,544 million. Gold and energy excluded current account indicated net surplus of USD 782 million.
- Goods deficit recorded USD 5,193 million.
- Services recorded a net inflow of USD 2,241 million. Under services, travel* item recorded a net inflow of USD 2,104 million.
- Primary income recorded a net outflow of USD 1,604 million and secondary income recorded net inflow of USD 12 million.
Financial Account
- Direct investment recorded net outflow of USD 224 million.
- Portfolio investment recorded a net outflow of USD 96 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net purchases USD 236 million and government domestic debt securities recorded net sales of USD 361 million.
- Regarding the bond issues in international capital markets; banks realized net borrowing of USD 1,935 million, General Government realized net repayments of USD 314 million.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 216 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,402 million, with an increase of USD 938 million in foreign currency and an increase of USD 464 million in Turkish lira accounts.
- Regarding the loans provided from abroad; banks, General Government and other sectors realized net borrowings of USD 1,054 million, USD 27 million and USD 385 million, respectively.
- Official reserves decreased by USD 10,281 million.
(*) In accordance with the revision in tourism statistics announced in the Turkish Statistical Institute (TURKSTAT)’s bulletin dated 30 April 2024, namely “Main Revision of Tourism Statistics” "Tourism Statistics, Quarter I: January - March, 2024”, Balance of Payments Statistics have been revised for the period of 2012-2023.
As a result of the revision in tourism, for the period 2012-2023, Travel Revenues and Travel Expenditures under the "Current Account/Services" item have been updated to increase by 52.3 billion USD and 5.2 billion USD, respectively.