The current account deficit in Turkey widened to USD 3.21 billion in December of 2020 from USD 2.73 billion a year earlier. The services surplus fell sharply to USD 0.64 billion from USD 1.81 billion due to weak tourism and transportation revenues, while the goods deficit narrowed to USD 3.34 billion from USD 3.67 billion a year earlier. At the same time, the primary income deficit decreased to USD 0.59 billion from USD 1.12 billion in December of 2019 and the secondary income surplus shrank to USD 0.08 billion from USD 0.25 billion. Considering 2020 full year, the current account posted a deficit of USD 36.72 billion, swinging from a USD 6.76 billion surplus a year earlier, as the coronavirus pandemic hit tourism and Turks snapped up record amounts of gold. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1333.28 USD Million from 1984 until 2020, reaching an all time high of 3779 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011. This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Current Account in Turkey is expected to be -1630.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Turkey to stand at -2200.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2480.00 USD Million in 2022, according to our econometric models.