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 - February 2023
Current Account
- In February, current account recorded deficit of USD 8,783 million. Gold and energy excluded current account indicated net surplus of USD 834 million.
- Goods deficit recorded USD 10,401 million.
- Services recorded a net surplus of USD 2,334 million. Under services, travel item recorded a net inflow of USD 1,652 million.
- Primary income recorded a net outflow of USD 815 million, whereas secondary income indicated a net inflow of USD 99 million.
Financial Account
- Direct investment recorded net inflow of USD 505 million.
- Portfolio investment recorded a net inflow of USD 240 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities recorded net sales of USD 185 million, while government domestic debt securities recorded net purchases of USD 14 million.
- Regarding the bond issues in international capital markets, banks realized net borrowing of USD 1,158 million.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 80 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 272 million, with a decrease of USD 109 million in foreign currency and an increase of USD 381 million in Turkish lira accounts.
- Regarding the loans provided from abroad General Government realized net repayments of USD 222 million, while banks and other sectors realized net borrowing of USD 1,124 and USD 338 million respectively.
- Official reserves decreased by USD 4,677 million.