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 - July 2024 (*)
Current Account
- In July, current account recorded net surplus of USD 566 million. Gold and energy excluded current account indicated net surplus of USD 4,879 million.
- Goods deficit recorded USD 5,102 million.
- Services recorded a net inflow of USD 6,873 million. Under services, travel item recorded a net inflow of USD 5,601 million.
- Primary income recorded a net outflow of USD 1,271 million and secondary income recorded net inflow of USD 66 million.
Financial Account
- Direct investment recorded net inflow of USD 670 million.
- Portfolio investment recorded a net inflow of USD 3,726 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net sales USD 21 million and government domestic debt securities recorded net purchases of USD 2,479 million.
- Regarding the bond issues in international capital markets; banks, General Government and other sectors realized net borrowing of USD 666 million, USD 1,750 million and USD 1,474 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 1,750 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,260 million, with an increase of USD 326 million in foreign currency and an increase of USD 934 million in Turkish lira accounts.
- Regarding the loans provided from abroad; General Government realized net repayments of USD 58 million, while banks and other sectors realized borrowing of USD 1,693 million and USD 82 million, respectively.
- Official reserves increased by USD 5,366 million.
(*) NOTE: Data on residents’ real estate purchases abroad are published starting from January 2017 data under “Direct investment/Net acquisition of financial assets/Equity capital/Outflow” item of Financial Account as a separate item.