Turkey recorded a Current Account deficit of 5.50 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Turkey averaged -2.52 percent from 1980 until 2017, reaching an all time high of 2 percent in 2001 and a record low of -9 percent in 2011.

Turkey Current Account to GDP
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Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -1869.47 -2450.67 24.51 -10453.06 USD Million [+]
Exports 14456.49 12354.31 15555.98 7.10 USD Million [+]
Imports 16325.96 14804.98 23245.30 15.00 USD Million [+]
Current Account 1830.00 1863.00 1863.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
External Debt 456961.00 466657.00 466657.00 43911.00 USD Million [+]
Terms of Trade 101.61 101.77 147.63 93.96 Index Points [+]
Capital Flows -1414.00 -6176.00 9186.00 -6176.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 32.00 41.00 574.00 24.00 USD Million [+]
Tourism Revenues 3686.00 4281.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 4792818.00 5383332.00 5671801.00 213998.00 [+]
Gold Reserves 246.30 236.00 246.30 116.10 Tonnes [+]
Terrorism Index 7.52 6.74 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 57.00 55.00 72.00 38.00 BBL/D/1K [+]

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



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. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -3.80 2.00 -9.00 1980 - 2017 percent Yearly




Country Last
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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