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 - March 2023
Current Account
- In March, current account recorded deficit of USD 4,484 million. Gold and energy excluded current account indicated net surplus of USD 1,372 million.
- Goods deficit recorded USD 6,298 million.
- Services recorded a net surplus of USD 3,088 million. Under services, travel item recorded a net inflow of USD 2,067 million.
- Primary income recorded a net outflow of USD 1,354 million, whereas secondary income indicated a net inflow of USD 80 million.
Financial Account
- Direct investment recorded net inflow of USD 238 million.
- Portfolio investment recorded a net outflow of USD 1,033 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities recorded net sales of USD 256 million, while government domestic debt securities recorded net purchases of USD 36 million.
- Regarding the bond issues in international capital markets, General Government realized net borrowing of USD 750 million, while banks and other sectors realized net repayments of USD 805 million and USD 745 million, respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 1,442 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 757 million, with an increase of USD 610 million in foreign currency and USD 147 million in Turkish lira accounts.
- Regarding the loans provided from abroad other sectors realized net repayments of USD 464 million, while General Government and banks realized net borrowing of USD 8 and USD 7 million respectively.
- Official reserves decreased by USD 264 million.