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 2022
- The current account recorded a deficit of USD 2,737 million, increasing by USD 1,222 million compared to the same month of the previous year, hence bringing the 12-month rolling deficit to USD 25,710 million.
- Goods item recorded a net deficit of USD 4,433 million, increasing by USD 2,692 million compared to the same month of 2021.
- Gold and energy excluded current account indicated USD 4,022 million surplus, increasing from USD 1,132 million surplus observed in the same month of the previous year.
- Services item indicated a net surplus of USD 2,699 million, increasing by USD 1,482 million.
- Under services, travel item recorded a net inflow of USD 1,599 million, increasing by USD 933 million compared to the same month of the previous year.
- Primary income outflow realized as USD 970 million, decreasing by USD 328 million on net basis compared to the same month of the previous year.
- Secondary income indicated a net outflow of USD 33 million, in contrast to USD 307 million inflow observed in the same month of the previous year.
- Direct investment recorded net inflow of USD 323 million.
- Portfolio investment recorded a net outflow of USD 606 million. As regards to sub-items in liabilities, non-residents’ transactions on equity securities recorded net purchases of USD 139 million, while government domestic debt securities indicated net sales of USD 136 million.
- Regarding the bond issues in international capital markets, General Government realized a new bond issue of USD 305 million, while banks and other sectors realized net repayments of USD 606 million and USD 26 million respectively.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts decreased by USD 1,458 million.
- Non-resident banks’ deposit accounts held within domestic banks increased by USD 1,125 million, with an increase of USD 958 million in foreign currency and an increase of USD 167 million in Turkish lira accounts.
- Regarding the loans provided from abroad, banks, General Government and other sectors realized net borrowings of USD 280 million, USD 34 million and USD 248 million, respectively.
- Official reserves recorded net inflow of USD 3,217 million.