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 - July 2019
- The current account recorded a surplus of USD 1,158 million, against a deficit of USD 2,178 million observed in the same month of 2018, increasing the 12-month rolling surplus to USD 4,445 million.
- This development in the current account is mainly attributable to USD 2,421 million decrease in the goods item recording net outflow of USD 2,524 million, as well as USD 959 million increase in services inflow to USD 4,277 million.
- Gold and energy excluded current account surplus recorded USD 4,585 million indicating an increase of USD 2,430 million compared to July of the previous year.
- Travel item under services recorded a net inflow of USD 3,297 million, increasing by USD 637 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 665 million increasing by USD 145 million in comparison to the same period the previous year.
- Secondary income recorded net inflow of USD 138 million increasing by USD 73 million in comparison to the same month of the previous year.
- Direct investment recorded a net inflow of USD 657 million decreasing by USD 66 million compared to the same month of the previous year.
- Portfolio investment recorded a net inflow of USD 97 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions and government domestic debt securities transactions recorded net purchases of USD 88 million and USD 391 million, respectively.
- Regarding the bond issues in international capital markets, banks realized net repayments of USD 1,410 million and General Government realized new issue of USD 2,250 million.
- Other investment recorded a net inflow of USD 634 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks increased by USD 1,704 million and USD 1,619 million, on net basis.
- Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 417 million, USD 102 million and USD 43 million, respectively.
- Official reserves recorded net inflow of USD 3,156 million.