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 - September 2019
- The current account surplus recorded USD 2,477 million indicating an increase of USD 599 million compared to September of the previous year, increasing the 12-month rolling surplus to USD 5,895 million.
- This development in the current account is mainly attributable to USD 48 million decrease in goods deficit recording USD 867 million and USD 694 million increase in the services surplus recording net inflow of USD 4,324 million.
- Gold and energy excluded current account surplus recorded USD 5,791 million indicating an increase of USD 670 million compared to September of the previous year.
- Travel item under services recorded a net inflow of USD 3,471 million, increasing by USD 619 million compared to the same month of the previous year.
- Investment income under primary income item indicated a net outflow of USD 1,020 million increasing by USD 174 million in comparison to the same period the previous year.
- Secondary income surplus recorded USD 108 million increasing by USD 4 million.
- Direct investment recorded a net inflow of USD 8 million.
- Portfolio investment recorded a net inflow of USD 144 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions and government domestic debt securities transactions recorded net purchases of USD 120 million and USD 149 million, respectively.
- Regarding the bond issues in international capital markets, banks realized net repayment of USD 30 million, while other sectors recorded net borrowing of USD 9 million.
- Other investment recorded a net outflow of USD 832 million.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks increased by USD 2,479 million and USD 510 million, on net basis, respectively.
- Regarding the loans provided from abroad, other sectors realized net borrowing of USD 682 million, while banks and General Government indicated net repayments of USD 809 million and USD 138 million, respectively.
- Official reserves recorded net inflow of USD 29 million.