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.

Turkey'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 - March 2022

Current Account

  • The current account recorded a deficit of USD 5,554 million, increasing by USD 2,229 million compared to the same month of the previous year, hence bringing the 12-month rolling deficit to USD 24,223 million.
  • Goods item recorded a net deficit of USD 6,342 million, increasing by USD 3,356 million compared to the same month of 2021.
  • Gold and energy excluded current account indicated USD 2,480 million surplus, compared to USD 314 million deficit observed in the same month of the previous year.
  • Services item indicated a net surplus of USD 2,329 million, increasing by USD 1,472 million.
  • Under services, travel item recorded a net inflow of USD 1,450 million, increasing by USD 708 million compared to the same month of the previous year.
  • Primary income outflow realized as USD 1,397 million, increasing by USD 174 million on net basis compared to the same month of the previous year.
  • Secondary income outflow realized as USD 144 million, compared to USD 27 million inflow observed in the same month of the previous year.

Financial Account

  • Direct investment recorded net inflow of USD 296 million.
  • Portfolio investment recorded a net outflow of USD 3,051 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities and government domestic debt securities recorded net sales of USD 744 million and USD 201 million, respectively.
  • Regarding the bond issues in international capital markets, banks realized net repayments of USD 758 million, while General Government realized net borrowing of USD 219 million.
  • Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 2,271 million.
  • Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,315 million, with an increase of USD 1,493 million in foreign currency and a decrease of USD 178 million in Turkish lira accounts.
  • Regarding the loans provided from abroad, banks realized net repayments of USD 54 million, while General Government and other sectors realized net borrowing of USD 718 million and USD 943 million, respectively.
  • Official reserves recorded net outflow of USD 4,506 million.

Data - March 2022

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Methodological Changes

Future Revisions

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