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.

Balance of Payments Developments - July 2018

Current Account

  • The current account deficit recorded USD 1,751 million indicating a decrease of USD 2,960 million compared to July of the previous year, bringing the 12-month rolling deficit to USD 54,560 million.

  • In this month, goods deficit decreased by USD 2,533 million to USD 4,799 million and primary income deficit decreased by USD 25 million to USD 592 million.

  • Services item recorded net inflow of USD 3,593 million increasing by USD 673 million compared to July of the previous year, mainly stemming from USD 578 million increase in net travel revenues observing as USD 3,062 million in July 2018.

  • Investment income under primary income item indicated a net outflow of USD 524 million decreasing by USD 28 million in comparison to the same month the previous year.

  • Secondary income item, which recorded net inflow of USD 318 million on July of the previous year, also recorded net inflow of USD 47 million.

Financial Account

  • Direct investment recorded net inflow of USD 707 million.

  • Portfolio investment recorded a net outflow of USD 279 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions recorded net sales of USD 463 million, while government domestic debt securities transactions recorded net purchases of USD 115 million.

  • Regarding the bond issues in international capital markets, banks realized net repayment of USD 153 million.

  • Other investment recorded a net inflow of USD 764 million.

  • Under other investment, banks’ currency and deposits within their foreign correspondent banks increased by USD 701 million and nonresident banks’ deposits held within domestic banks increased by USD 737 million on net basis.

  • Regarding the loans provided from abroad, banks realized net repayment of USD 931 million, while General Government and other sector realized net disbursements of USD 56  million and USD 1,143 million respectively.

  • Official reserves recorded net inflow of USD 2,424 million.

Data - July 2018

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Revision Policy

Methodological Changes

Future Revisions

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