Balance of Payments Statistics

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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 - February 2019

Current Account

  • The current account deficit recorded USD 718 million indicating a decrease of USD 3,776 million compared to February of the previous year, bringing the 12-month rolling deficit to USD 17,044 million.

  • This development in the current account is mainly attributable to USD 3,690 million decrease in the goods deficit recording net outflow of USD 1,074 million, USD 57 million increase in net inflows of services item recording USD 894 million and USD 68 million decrease in primary income deficit indicating USD 495 million.

  • Gold and energy excluded current account indicated USD 2,748 million surplus, in contrast to USD 449 million deficit observed in the same month of the previous year.

  • Travel item under services recorded a net inflow of USD 815 million, increasing by USD 59 million compared to the same month of the previous year.

  • Investment income under primary income item indicated a net outflow of USD 400 million decreasing by USD 86 million in comparison to the same month of the previous year.

  • Secondary income recorded net outflow of USD 43 million increasing by USD 39 million in comparison to the same month of the previous year.

Financial Account

  • Direct investment recorded a net inflow of USD 486 million, in contrast to USD 271 million outflow observed in the same month of the previous year.

  • Portfolio investment recorded a net inflow of USD 1,786 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions recorded net purchases of USD 136 million and government domestic debt securities transactions recorded net sales of USD 492 million.

  • Regarding the bond issues in international capital markets; banks, General Government and other sectors realized net borrowings of USD 92 million, USD 2,000 million and USD 500 million, respectively.

  • Other investment recorded a net outflow of USD 128 million.

  • Under other investment, banks’ currency and deposits within their foreign correspondent banks increased by USD 246 million and nonresident banks’ deposits held within domestic banks decreased by USD 711 million, on the net basis.

  • Regarding the loans provided from abroad, General Government realized net borrowings of USD 48 million, while banks and other sectors realized net repayments of USD 206 million and USD 677 million, respectively.

  • Official reserves recorded net inflow of USD 2,823 million.

Data - February 2019

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Methodological Changes

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Note on the Changeover to the 6th Edition of the Balance of Payments and International Investment Position Manual (BPM6)