Turkey's current account deficit shrank to USD 0.55 billion in June 2019 from USD 3.02 billion in the same month of the previous year but larger than an expected USD 0.27 billion shortfall. The goods deficit narrowed to USD 2.60 billion from USD 4.42 billion a year earlier and the services surplus increased to USD 3.17 billion from USD 2.41 billion. Meantime, the primary income gap rose to USD 1.19 billion from USD 1.05 billion a year earlier while the secondary income deficit rose to USD 0.08 billion from USD 0.05 billion in June 2018. Considering the first six months of the year, the country's current account gap declined sharply to USD 3.26 billion from USD 31.05 billion in the same period of 2018. Current Account in Turkey averaged -1410.31 USD Million from 1984 until 2019, reaching an all time high of 2619 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 1900.00 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 -2400.00 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
2019-05-13 07:00 AM Current Account Mar $-0.59B $-0.73B $-0.984B $-1.5B
2019-06-14 07:00 AM Current Account Apr $-1.33B $-0.61B $-1.5B $-0.8B
2019-07-11 07:00 AM Current Account May $0.15B $-1.30B $0.3B $-1.6B
2019-08-09 07:00 AM Current Account Jun $-0.55B $0.32B $-0.265B $-2B
2019-09-13 07:00 AM Current Account Jul $-1.4B
2019-10-11 07:00 AM Current Account Aug $0.2B
2019-11-12 07:00 AM Current Account Sep $1.9B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -3177.27 -1862.81 24.51 -10453.06 USD Million [+]
Current Account -548.00 317.00 2619.00 -9407.00 USD Million [+]
Current Account to GDP -3.50 -5.60 1.90 -8.90 percent [+]
Imports 14259.10 17819.11 23245.30 15.00 USD Million [+]
Exports 11081.83 15956.30 15956.30 7.10 USD Million [+]
External Debt 453423.00 444878.00 466657.00 43911.00 USD Million [+]
Terms of Trade 102.91 101.32 147.63 93.96 Index Points [+]
Capital Flows 3326.00 -1892.00 9186.00 -6815.00 USD Million [+]
Foreign Direct Investment 13200.00 10900.00 22046.00 1800.00 USD Million [+]
Remittances 13.00 18.00 574.00 13.00 USD Million [+]
Tourism Revenues 3338.00 2640.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 5318984.00 4022254.00 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 364.00 245.00 364.00 3.00 USD Million [+]
Crude Oil Production 56.00 54.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-548.00 317.00 2619.00 -9407.00 1984 - 2019 USD Million Monthly




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20646.19 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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