Balance of Payments Statistics

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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 - January 2024

Current Account

  • In January, current account recorded net deficit of USD 2,556 million. Gold and energy excluded current account indicated net surplus of USD 3,595 million.

  • Goods deficit recorded USD 4,448 million.

  • Services recorded a net surplus of USD 2,792 million. Under services, travel item recorded a net inflow of USD 2,195 million.

  • Primary income and secondary income recorded a net outflow of USD 856 million and USD 44 million, respectively.

Financial Account

  • Direct investment recorded net inflow of USD 661 million.

  • Portfolio investment recorded a net inflow of USD 1,086 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities and government domestic debt securities recorded net purchases USD 186 million and USD 264 million, respectively.

  • Regarding the bond issues in international capital markets; other sectors realized net repayments of USD 25 million, whereas banks realized net borrowing of USD 1.422 million.

  • Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 4,063 million.

  • Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,702 million, with an increase of USD 3 million in foreign currency and USD 1,699 million in Turkish lira accounts.

  • Regarding the loans provided from abroad; banks and General Government realized net borrowing of USD 912 million and USD 17 million, respectively, while other sectors realized net repayments of USD 890 million.

  • Official reserves decreased by USD 6,207 million.

Data - January 2024

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Methodological Changes

Future Revisions

Note on the Changeover to the 6th Edition of the Balance of Payments and International Investment Position Manual (BPM6)