The current account deficit increased by 1208 percent - Fashion - Style - Trendy

Monday, December 13, 2010

The current account deficit increased by 1208 percent

The current account deficit in October of 2010, an increase of 1,208 percent over the same month last year increased to $ 3 billion 677 million.

Balance of Payments Central Bank of the Year 2010 January-October period Gelişmeleri'ni said. In October of last year the current account surplus of $ 332 million this year to 3 billion 677 million dollars in the same month was open. The current account deficit has increased 1208 percent. Looking at the sub-items as the foreign trade deficit increased by 281.8 percent compared to October last year to $ 5 billion to reach 9 million, the current account in October of this year, the biggest factor in giving the account was open. January-October period this year, the current account, was 35 billion 723 million dollars. This figure is 9 billion 199 million dollars during the same period of 2009, was open.

42.7 BILLION DOLLARS HAS ON BALANCE OF FOREIGN TRADE
Last year, 18 billion 819 million dollars during the first 10 months of the balance of payments deficit, foreign trade balance of table, in the same period this year, amounting to 42 billion 660 million dollars was open. During this period, compared to the same period last year, exports (FOB) revenues increased by 11.4 percent to $ 92 billion and 708 million in shuttle trade revenues increased by 7 percent to $ 4 billion 252 million yükselmişken, including gold imports (CIF) expenditures increased by 30.5 per cent 147 billion to $ 821 million. Non-monetary gold pen, the first 10 months of this year recorded a net outflow of 287 million dollars. At the same pen in the same period of last year recorded a net inflow of 2 billion 527 million dollars.

NET 7.9 PERCENT IN TOURISM REVENUES Low
10-month period of 2010, tourism revenues decreased by 3.4 percent compared to same period last year fell to $ 18 billion 69 million, an increase of 17.6 percent of tourism expenditures increased to $ 3 billion 887 million. As a result, the period in question, net tourism revenues decreased by 7.9 percent over the same period of 2009 to $ 14 billion 182 million decrease was observed.

Another important item is the title of the item of transportation services from January to October period of 2009 to 1 billion 46 million dollars, in the same period this year was a net inflow of 208 million dollars. The items examined by the transport sub-item of the same period, freight item to a net outflow of 66.5 percent over the same period the previous year, an increase of 2 billion 160 million dollars, while the other holdings in the transport rate of 1.1 per cent increase in net inflow of $ 2 billion 368 million.

Construction services performed abroad by residents from construction companies to access the net foreign currency, from January to October period of 2010 compared to same period last year was $ 621 million decreased by 26.6 percent.

Residents abroad in insurance services of insurance and reinsurance transactions from the data item on the net output, 10-month period of 2010 decreased by 1.5 per cent over the same period of last year was $ 398 million. As a result of these developments, the period of January to October of 2009, a total of 15 billion which services more than $ 37 million balance of the pen, in the same period of 2010 decreased by 18.3 per cent gave more than 12 billion 291 million dollars.

DIRECT INVESTMENT NET 2.3 BILLION DOLLARS OUT
Pay the balance of payments and investment income item of items of income, January-October period of 2010 over the same period last year decreased by 7 per cent recorded a net outflow of U.S. $ 6 billion 461 million. Investment income under the item of the direct investments, portfolio investments and other investments, net outflows of interest rates, respectively, 2 billion 266 million, 500 million and 591 million to $ 3 billion. January-October period of 2010 related to long-and short-term loans, interest expense, declined by 27 percent over the same period last year, 439 million to $ 4 billion.

DOLLAR 34.4 BILLION NET CAPITAL INFLOW
January-October period of last year, 5 billion in net capital inflow of $ 169 million in financial accounts, in the same period this year was a net inflow of 34 billion 427 million dollars. Direct Investments under the pen, the partners of the foreign capital used by foreign companies in Turkey, perform real estate loans and purchases of residents abroad, including overseas residents' net direct investments, 165 million in 2009 to $ 7 billion in January-October period of 2010 gerçekleşmişken a decrease of 17.9 percent in the same period was $ 5 billion 884 million.

Non-residents in Turkey, net real estate purchases over the same period of 2009 increased by 36.5 percent to $ 1 billion, estimated to reach 999 million, while foreign-owned companies in Turkey used by the partners of overseas loans for $ 171 million reflecting a net credit took place in other capital holdings. Residents' net direct investments abroad in respect of the period of January to October of 2009, the net worth of $ 973 million investment has decreased the amount of investment made in the same period of 2010 increased to $ 1 billion 292 million.

Direct investment holdings, net capital inflows during January to October this year, decreasing by 25.8 percent over the same period of 2009 was $ 4 billion 592 million. January-October period of 2009 of $ 727 million in net capital inflow in portfolio investments in the same period of 2010 was a net inflow of 15 billion the amount of $ 438 million. As sub-items are analyzed, under the heading of assets, buying and selling securities abroad by residents in respect of the period of January to October of 2009, 2 billion in net purchases of $ 125 million, in the same period of 2010 amounting to 2 billion 449 million dollars in net purchases made .

Non-residents, the stock market in October, amounting to 969 million dollars in net purchases by performing the January-October period, a total of 3 billion 523 million made net purchases of dollars. On the other hand, the government securities market in October, with net purchases amounting to 1 billion 473 million dollars from January to October in 2010 by persons resident abroad a total of 9 billion 968 million were net purchases of dollars.

FOREIGN ASSETS OF BANKS Low 9.8 BILLION DOLLARS
Commercial and other investment holdings of cash deposits with loans from January to October period of last year a net outflow of U.S. $ 2 billion 392 million gerçekleşmişken, in the same period of 2010 was a net inflow of 23 billion 800 million dollars. Commercial loans, export credits to drop money in relation to foreign countries, a 10-month period of the previous year, amounting to 1 billion 374 million dollars in net loan Speaking, opened in the same period this year, the net loan amount was $ 823 million.

On the other hand, cash loans last year and this year's January-October period, foreign residents, respectively, amounting to $ 33 million and 302 million in net credit was opened. Government foreign exchange assets of banks' foreign correspondents, January-October period of 2009 has been decreased to 5 billion 540 million dollars, in the same period of 2010 showed a decline of 9 billion 815 million dollars.

INCREASED 16.1 BILLION DOLLAR LIABILITIES
January-October period of 2009, the observed decrease in liabilities of $ 10 billion 189 million holdings in the same period of 2010 was an increase of 16 billion 115 million dollars. Examined by the sub-items, imports and trade credits provided for under the heading "January-October period of 2010 recorded a net disbursement of 576 million dollars. The same item in the same period last year, was held in a net repayment of U.S. $ 1 billion 586 million.

Loans examined item of the General Government, international capital markets and other long-term loans from international institutions as a 10-month period, about 2 billion 728 million dollars in realized net. In addition, in relation to loans provided from abroad, the banking sector in January-October period this year, net of $ 7 billion 641 million, while other sectors was a net repayment of U.S. $ 5 billion 472 million. At the same sectors, respectively, in the same period of 2009 of $ 6 billion and 8 billion 512 million recorded a net repayment of U.S. $ 661 million.

WAS 11.6 BILLION DOLLARS IN DEPOSITS
Non-resident deposit accounts held in banks by persons resident of the Central Bank and the deposits under the heading, January-October period of last year's net inflow of U.S. $ 3 billion 738 million gerçekleşmişken, in the same period this year, amounting to 11 billion net inflow of $ 551 million was observed. During this period, the net deposit amount held by foreign banks in Turkey increased by 12 billion 291 million dollars. Official reserves, 642 million dollars in January-October period of 2009 decreased in the same period this year increased by 9 billion 403 million dollars.

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