Turkey’s current account balance shifted to a USD 2.364 billion deficit in September 2020, from USD 2.828 billion surplus in the same month of the previous year and compared with market expectations of a USD 2.7 billion gap. The goods and services account swung to a USD 2.017 billion shortfall from a USD 3.896 billion surplus a year earlier. On the other hand, the primary income gap narrowed to USD 0.544 billion from USD 1.159 billion in September 2019; and the secondary income surplus widened to USD 0.197 billion from USD 0.091 billion. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1315.21 USD Million from 1984 until 2020, reaching an all time high of 3903 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 December of 2020.
Current Account in Turkey is expected to be -1600.00 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 -2680.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2200.00 USD Million in 2021 and -2480.00 USD Million in 2022, according to our econometric models.