Turkey's current account gap narrowed to USD 0.72 billion in February 2019 from USD 4.49 billion in the same month last year, as the goods deficit decreased sharply to USD 1.07 billion from USD 4.76 billion and the primary income gap fell to USD 0.50 billion from USD 0.56 billion. In addition, the services surplus widened to USD 0.89 billion from USD 0.84 billion. Considering the first two months of the year, the current account deficit narrowed to USD 1.31 billion from USD 11.49 billion in the same period of 2018. Current Account in Turkey averaged -1418.99 USD Million from 1984 until 2019, reaching an all time high of 2618 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011.

Current Account in Turkey is expected to be -2000.00 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 -1850.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2200.00 USD Million in 2020, according to our econometric models.

Turkey Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 07:00 AM Current Account $0.986B $2.75B $0.965B $ 2.5B
2019-02-14 07:00 AM Current Account $-1.44B $1.08B $-1.5B $1.1B
2019-03-11 07:00 AM Current Account $-0.81B $-1.52B $-0.825B $-1.2B
2019-04-11 07:00 AM Current Account $-0.72B $-0.59B $-0.85B $-0.6B
2019-05-13 07:00 AM Current Account $-0.72B $-1.5B
2019-06-14 07:00 AM Current Account $-0.8B
2019-07-11 07:00 AM Current Account $-1.6B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -2134.33 -2480.69 24.51 -10453.06 USD Million [+]
Current Account -718.00 -589.00 2618.00 -9407.00 USD Million [+]
Current Account to GDP -3.50 -5.60 1.90 -8.90 percent [+]
Imports 15727.29 15671.10 23245.30 15.00 USD Million [+]
Exports 13592.96 13190.42 15682.14 7.10 USD Million [+]
External Debt 444878.00 448452.00 466657.00 43911.00 USD Million [+]
Terms of Trade 101.68 101.59 147.63 93.96 Index Points [+]
Capital Flows -680.00 2746.00 9186.00 -6779.00 USD Million [+]
Foreign Direct Investment 13200.00 10900.00 22046.00 1800.00 USD Million [+]
Remittances 22.00 18.00 574.00 18.00 USD Million [+]
Tourism Revenues 1428.00 1795.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1670238.00 1539496.00 5671801.00 213998.00 [+]
Gold Reserves 261.10 253.50 261.10 116.10 Tonnes [+]
Terrorism Index 7.04 7.52 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 56.00 58.00 72.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Turkey Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-718.00 -589.00 2618.00 -9407.00 1984 - 2019 USD Million Monthly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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