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.
Turkish 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 2019
- The current account recorded USD 151 million surplus in May reducing the 12-month rolling deficit to USD 2,370 million, whereas USD 6,172 million deficit was observed in the same month of 2018.
- This development in the current account is mainly attributable to USD 5,853 million decrease in the goods deficit recording net outflow of USD 706 million, as well as USD 594 million increase in services inflow to USD 2,303 million.
- Gold and energy excluded current account indicated USD 3,469 million surplus, in contrast to USD 1,204 million deficit observed in the same month of the previous year.
- Travel item under services recorded a net inflow of USD 1,846 million, increasing by USD 257 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 1,299 million increasing by USD 194 million in comparison to the same period the previous year.
- Secondary income recorded net outflow of USD 27 million decreasing by USD 104 million in comparison to the same month of the previous year.
- Direct investment recorded a net inflow USD 204 million decreasing by USD 51 million compared to the same month of the previous year.
- Portfolio investment recorded a net outflow of USD 456 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions and government domestic debt securities transactions recorded net sales of USD 138 million and USD 369 million, respectively.
- Regarding the bond issues in international capital markets, banks realized net repayments of USD 52 million.
- Other investment recorded a net inflow of USD 1,511 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks decreased by USD 3,989 million and USD 1,797 million, on the net basis.
- Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 616 million, USD 126 million and USD 524 million, respectively.
- Official reserves recorded net inflow of USD 3,008 million.