Turkey recorded a Current Account deficit of 1.70 percent of the country's Gross Domestic Product in 2021. source: Central Bank of the Republic of Turkey

Current Account to GDP in Turkey averaged -2.39 percent of GDP from 1980 until 2021, reaching an all time high of 1.90 percent of GDP in 2001 and a record low of -8.90 percent of GDP in 2011. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account to GDP - values, historical data and charts - was last updated on March of 2023.

Current Account to GDP in Turkey is expected to reach -5.20 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Current Account to GDP is projected to trend around -4.00 percent of GDP in 2024 and -2.80 percent of GDP in 2025, according to our econometric models.

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Turkey Current Account to GDP



Related Last Previous Unit Reference
Current Account -9849.00 -5908.00 USD Million Jan 2023
Current Account to GDP -1.70 -5.00 percent of GDP Dec 2021
Terms of Trade 80.17 81.52 points Jan 2023
Capital Flows -9998.00 -4786.00 USD Million Jan 2023
Foreign Direct Investment 588.00 499.00 USD Million Jan 2023
Remittances 11.00 9.00 USD Million Jan 2023

Turkey Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -5.00 1.90 -8.90 1980 - 2021 percent of GDP Yearly