Central Bank, Third Quarter 2016 Balance of Payments Report

According to the report announced by the Central Bank;

The downward trend in the services account surplus was observed to continue in the third quarter of the year. While net travel revenues decreased by 33.7% year-on-year to USD 14.8 billion, net transportation revenues also stood at USD 5.1 billion with a 9.5% decline.

In the third quarter of 2016, net travel revenues decreased by 35.2% compared to the same period of the previous year, reaching the level of USD 6.0 billion. In this period, travel revenues decreased by 33.0% and expenditures by 17.3%. On the other hand, the number of tourists recorded a decline of 35.9%.

In terms of country groups, while it was observed that all country groups showed significant declines compared to the same
period of the previous year, the highest declines occurred in America and the Commonwealth of Independent States (CIS) countries.

The average expenditure of foreigners decreased by 7.2% compared to the same period of the previous year to USD 547; while the average expenditure of our citizens residing abroad increased by 4.7% to the level of USD 718.

  Click to download the Balance of Payments Report.