Turkey posted a current account deficit of USD 1.817 billion in July of 2020, compared to a USD 1.990 billion surplus in the same month of the previous year and market expectations of a USD 2 billion gap. The goods and services account recorded a USD 1.565 billion gap, switching from a USD 2.627 billion surplus a year earlier. Meantime, the primary income shortfall narrowed to USD 0.332 billion from USD 0.772 billion and the secondary income surplus went down to USD 0.080 billion from USD 0.135 billion.
Current Account in Turkey averaged -1306.14 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 September of 2020. source: Central Bank of the Republic of Turkey
Current Account in Turkey is expected to be -2200.00 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 -1780.00 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.