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 - May 2024
Current Account
- In May, current account recorded net deficit of USD 1,235 million.
- Goods deficit recorded USD 4,199 million. Gold and energy excluded current account indicated net surplus of USD 3,263 million.
- Services recorded a net inflow of USD 4,724 million. Under services, travel item recorded a net inflow of USD 3,915 million.
- Primary income recorded a net outflow of USD 1,607 million and secondary income recorded net outflow of USD 153 million.
Financial Account
- Direct investment recorded net inflow of USD 361 million.
- Portfolio investment recorded a net inflow of USD 5,637 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net sales USD 529 million and government domestic debt securities recorded net purchases of USD 6,051 million.
- Regarding the bond issues in international capital markets; banks and other sectors realized net borrowing of USD 452 million and USD 270 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 4,254 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 739 million, with a decrease of USD 368 million in foreign currency and an increase of USD 1,107 million in Turkish lira accounts.
- Regarding the loans provided from abroad; General Government realized net repayments of USD 26 million, while banks and other sectors realized borrowing of USD 3,420 million and USD 356 million, respectively.
- Official reserves increased by USD 17,593 million.