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 - April 2024
Current Account
- In April, current account recorded net deficit of USD 5,285 million. Gold and energy excluded current account indicated net deficit of USD 497 million.
- Goods deficit recorded USD 7,649 million.
- Services recorded a net inflow of USD 3,110 million. Under services, travel item recorded a net inflow of USD 2,548 million.
- Primary income recorded a net outflow of USD 1,355 million and secondary income recorded net inflow of USD 609 million.
Financial Account
- Direct investment recorded net inflow of USD 856 million.
- Portfolio investment recorded a net inflow of USD 2,023 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net purchases USD 360 million and government domestic debt securities recorded net purchases of USD 1,387 million.
- Regarding the bond issues in international capital markets; banks and other sectors realized net borrowing of USD 758 million and USD 500 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 3,298 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,604 million, with an increase of USD 358 million in foreign currency and an increase of USD 1,246 million in Turkish lira accounts.
- Regarding the loans provided from abroad; banks, General Government and other sectors realized net borrowing of USD 892 million, USD 52 million and USD 140 million, respectively.
- Official reserves decreased by USD 2,392 million.