Turkey's current account deficit widened sharply to USD 4.92 billion in March 2020 from USD 0.12 billion in the same month of the previous year and compared to market expectations of USD 4.0 billion. The goods gap increased to USD 4.29 billion from USD 0.74 billion a year ago, while the services surplus fell to USD 0.74 billion from USD 1.65 billion. In addition, the secondary income account posted a USD 0.20 billion deficit, compared to USD 0.13 surplus last year, while the primary income deficit was little-changed at USD 1.17 billion.
Current Account in Turkey averaged -1286.31 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 June of 2020. source: Central Bank of the Republic of Turkey
Current Account in Turkey is expected to be -3400.00 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 -1200.00 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.