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.

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Turkey Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2364.00 -4316.00 3903.00 -9407.00 1984 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 07:00 AM Jun $-2.93B $-3.78B $-2.825B $-3.4B
2020-09-11 07:00 AM Jul $-1.817B $-2.927B $-2B $-2B
2020-10-12 07:00 AM Aug $-4.63B $-1.94B $-4.6B $-4.2B
2020-11-11 07:00 AM Sep $-2.364B $-4.316B $-2.7B $-3.2B
2020-12-11 07:00 AM Oct $-2.364B $-1.1B
2021-01-13 07:00 AM Nov
2021-02-15 07:00 AM Dec
2021-03-11 07:00 AM Jan
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Turkish Current Account Swings to Deficit
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.
2020-11-11
Turkish Current Account Swings to Deficit in August
Turkey’s current account balance shifted to a USD 4.631 billion deficit in August 2020 from USD 3.314 billion in the same month of the previous year and matching market expectations. The goods and services account swung to a USD 4.168 billion shortfall from a USD 4.382 billion surplus a year earlier. On the other hand, the primary income gap narrowed to USD 0.570 billion from USD 1.159 billion in August 20119; and the secondary income surplus increased to USD 0.107 billion from USD 0.091 billion.
2020-10-12
Turkish Current Account Swings to Deficit
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.
2020-09-11
Turkish Current Account Deficit Larger than Expected
Turkey' current account deficit widened to EUR 2.9 billion in June 2020 from EUR 0.1 billion in the same month last year and compared with market expectations of EUR 2.8 billion. There was a net outflow of USD 294 million in the services account and a net outflow of USD 23 million in the secondary income account.
2020-08-14

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).