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 - June 2024
Current Account
- In June, current account recorded net surplus of USD 407 million. Gold and energy excluded current account indicated net surplus of USD 4,549 million.
- Goods deficit recorded USD 4,139 million.
- Services recorded a net inflow of USD 5,603 million. Under services, travel item recorded a net inflow of USD 4,790 million.
- Primary income and secondary income recorded a net outflow of USD 1,055 million and USD 2 million, respectively.
Financial Account
- Direct investment recorded net inflow of USD 447 million.
- Portfolio investment recorded a net inflow of USD 591 million. As regards to sub-items of liabilities, non-residents’ transactions on equity securities recorded net sales USD 1,367 million and government domestic debt securities recorded net purchases of USD 688 million.
- Regarding the bond issues in international capital markets; banks realized net borrowing of USD 612 million, while other sectors realized net repayment of USD 468 million.
- Under other investment, Turkish banks’ currency and deposits within their foreign correspondent bank accounts increased by USD 4,438 million.
- Non-resident banks’ deposit accounts held within domestic banks decreased by USD 1,519 million, with a decrease of USD 459 million in foreign currency and decrease of USD 1,060 million in Turkish lira accounts.
- Regarding the loans provided from abroad; banks and General Government realized net borrowing of USD 4,629 million and USD 234 million, respectively, while other sectors realized net repayment of USD 226 million.
- Official reserves increased by USD 1,242 million.