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.
Turkish 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 2019
- The current account recorded a deficit of USD 518 million, against a surplus of USD 1,041 million observed in the same month of 2018, bringing the 12-month rolling surplus to USD 2,725 million.
- This development is mainly attributable to USD 1,111 million deficit recorded in the goods item, against a surplus of USD 412 million observed in the same month of 2018, as well as USD 71 million decrease in services surplus to USD 1,601 million and USD 90 million decrease in secondary income surplus to USD 129 million.
- Travel item under services recorded a net inflow of USD 1,414 million increasing by USD 177 million compared to the same month of 2018.
- Investment income under primary income item indicated a net outflow of USD 1.011 million decreasing by USD 140 million in comparison to the same month of 2018.
- Direct investment recorded a net inflow USD 236 million decreasing by USD 1,036 million compared to the same month of 2018.
- Portfolio investment recorded a net inflow of USD 2,050 million. As regards to sub-items through liabilities, non-residents’ equity securities transactions recorded net purchases of USD 255 million and government domestic debt securities transactions recorded net sales of USD 151 million.
- Regarding the bond issues in international capital markets, banks realized net repayment of USD 8 million, while General Government and other sectors realized net disbursements of USD 1,000 million and USD 600 million, respectively.
- Under other investment, banks’ currency and deposits within their foreign correspondent banks decreased by USD 214 million, while nonresident banks’ deposits held within domestic banks increased by USD 616 million, on the net basis.
- Regarding the loans provided from abroad, General Government realized net borrowing of USD 25 million, while banks and other sectors realized net repayments of USD 26 million and USD 22 million, respectively.
- Official reserves recorded net inflow of USD 743 million.