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 - August 2024
Current Account
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In August, current account recorded net surplus of USD 4,324 million. Gold and energy excluded current account indicated net surplus of USD 9,014 million.
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Goods deficit recorded USD 2,911 million.
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Services* recorded a net inflow of USD 8,696 million. Under services, travel item recorded a net inflow of USD 6,793 million.
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Primary income recorded a net outflow of USD 1,475 million and secondary income recorded net inflow of USD 14 million.
Financial Account
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Direct investment recorded net outflow of USD 62 million.
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Portfolio investment recorded a net outflow of USD 881 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net sales USD 627 million and government domestic debt securities recorded net purchases of USD 1,412 million.
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Regarding the bond issues in international capital markets; General Government realized net repayments of USD 2,250 million, while banks and other sectors realized net borrowing of USD 1,114 million and USD 200 million, respectively.
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Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 699 million.
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Non-resident banks’ deposit accounts held within domestic banks decreased by USD 374 million, with an increase of USD 786 million in foreign currency and a decrease of USD 1,160 million in Turkish lira accounts.
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Regarding the loans provided from abroad; other sectors realized net borrowing of USD 561 million, while banks and General Government realized repayments of USD 626 million and USD 133 million, respectively.
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Official reserves decreased by USD 2,510 million.
(*) Services item was revised for the years 2022, 2023 and 2024 January-July period in accordance with the “International Trade in Services Statistics, 2023” bulletin published by Turkish Statistical Institute (TURKSTAT) on September 17, 2024.