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 - November 2022
- In November, current account recorded deficit of USD 3,666 million. Gold and energy excluded current account indicated net surplus of USD 5,265 million.
- Goods deficit recorded USD 7,122 million.
- Services recorded a net surplus of USD 3,683 million. Under services, travel item recorded a net inflow of USD 2,648 million.
- The outflows from primary income recorded USD 240 million and secondary income indicated a net inflow of USD 13 million.
- Consequently, current account deficit recorded USD 41,814 million in the January-November period, whereas gold and energy excluded current account indicated net surplus of USD 48,311 million during the same period.
- Direct investment recorded net inflow of USD 775 million.
- Portfolio investment recorded a net inflow of USD 538 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities recorded net purchases of USD 300 million, while government domestic debt securities recorded net sales of USD 65 million.
- Regarding the bond issues in international capital markets, General Government realized net borrowing of USD 1,500 million, while banks and other sectors realized net repayments of USD 679 million and USD 180 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 4,791 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 595 million, with an increase of USD 569 million in foreign currency and an increase of USD 26 million in Turkish lira accounts.
- Regarding the loans provided from abroad, General Government and banks realized net repayments of USD 103 million and USD 1,531 million respectively, while other sectors realized net borrowing of USD 82 million.
- Official reserves increased by USD 3,613 million.