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 2024
Current Account
- In February, current account recorded net deficit of USD 3,265 million. Gold and energy excluded current account indicated net surplus of USD 2,106 million.
- Goods deficit recorded USD 4,751 million.
- Services recorded a net surplus of USD 2,381 million. Under services, travel item recorded a net inflow of USD 1,957 million.
- Primary income and secondary income recorded a net outflow of USD 849 million and USD 46 million, respectively.
Financial Account
- Direct investment recorded net outflow of USD 142 million.
- Portfolio investment recorded a net inflow of USD 4,415 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net sales USD 136 million, government domestic debt securities recorded net purchases of USD 98 million.
- Regarding the bond issues in international capital markets; banks, General Government and other sectors realized net borrowing of USD 2,659 million, USD 3,000 million and USD 500 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 1,696 million.
- Non-resident banks’ deposit accounts held within domestic banks decreased by USD 54 million, with an increase of USD 220 million in foreign currency and a decrease of USD 274 million in Turkish lira accounts.
- Regarding the loans provided from abroad; banks and other sectors realized net borrowing of USD 115 million and USD 265 million, respectively, while General Government realized net repayment of USD 138 million.
- Official reserves decreased by USD 6,230 million.