The current account deficit in Turkey increased to USD 2.61 billion in February of 2021 from USD 1.38 billion a year earlier and compared with market consensus of a 2.575 billion shortfall. The goods deficit widened to USD 2.06 billion from USD 1.93 billion a year earlier and the services surplus fell sharply to USD 0.49 billion from USD 1.48 billion amid lower tourism revenues. At the same time, the primary income gap rose to USD 1.17 billion from USD 0.78 billion, while the secondary account shifted to a surplus of USD 0.13 billion compared to a deficit of USD 0.13 billion in February of 2020. source: Central Bank of the Republic of Turkey

Current Account in Turkey averaged -1337.33 USD Million from 1984 until 2021, reaching an all time high of 3779 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 April of 2021.

Current Account in Turkey is expected to be -1780.00 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 -2800.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2480.00 USD Million in 2022 and -3200.00 USD Million in 2023, according to our econometric models.

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Turkey Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2610.00 -1815.00 3779.00 -9407.00 1984 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 07:00 AM Nov $-4.06B $-0.34B $-3.7B $-3.4B
2021-02-12 07:00 AM Dec $-3.21B $-3.63B $-2.8B
2021-03-11 07:00 AM Jan $-1.87B $-3.23B $-1.62B $-2.0B
2021-04-12 07:00 AM Feb $-2.61B $-1.815B $-2.575B $-2.7B
2021-05-11 07:00 AM Mar $-2.61B
2021-06-14 07:00 AM Apr
2021-07-09 07:00 AM May
2021-08-13 07:00 AM Jun


News Stream
Turkey Current Account Gap Widens in February
The current account deficit in Turkey increased to USD 2.61 billion in February of 2021 from USD 1.38 billion a year earlier and compared with market consensus of a 2.575 billion shortfall. The goods deficit widened to USD 2.06 billion from USD 1.93 billion a year earlier and the services surplus fell sharply to USD 0.49 billion from USD 1.48 billion amid lower tourism revenues. At the same time, the primary income gap rose to USD 1.17 billion from USD 0.78 billion, while the secondary account shifted to a surplus of USD 0.13 billion compared to a deficit of USD 0.13 billion in February of 2020.
2021-04-12
Turkish Current Account Gap Smallest in 3 Months
The current account deficit in Turkey narrowed to USD 1.87 billion in January of 2021 from USD 2.03 billion a year earlier and compared with market consensus of 1.62 billion. It was the smallest current account deficit since last October, as the goods deficit narrowed sharply to USD 1.91 billion from USD 3.32 billion a year earlier. Meantime, the services surplus fell to USD 0.46 billion from USD 1.57 billion gap due to weak tourism and transportation revenues. At the same time, the primary income deficit edged up to USD 0.47 billion from USD 0.38 billion in January of 2020 and the secondary income surplus shrank to USD 0.063 billion from USD 0.094 billion.
2021-03-11
Turkish Current Account Gap Widens in December
The current account deficit in Turkey widened to USD 3.21 billion in December of 2020 from USD 2.73 billion a year earlier. The services surplus fell sharply to USD 0.64 billion from USD 1.81 billion due to weak tourism and transportation revenues, while the goods deficit narrowed to USD 3.34 billion from USD 3.67 billion a year earlier. At the same time, the primary income deficit decreased to USD 0.59 billion from USD 1.12 billion in December of 2019 and the secondary income surplus shrank to USD 0.08 billion from USD 0.25 billion. Considering 2020 full year, the current account posted a deficit of USD 36.72 billion, swinging from a USD 6.76 billion surplus a year earlier, as the coronavirus pandemic hit tourism and Turks snapped up record amounts of gold.
2021-02-12
Turkish Current Account Gap Larger than Estimated
The current account deficit in Turkey widened sharply to USD 4.06 billion in November of 2020 from USD 0.015 billion a year earlier and above market expectations of a USD 3.7 billion. The goods deficit rose to USD 3.84 billion from USD 0.94 billion a year earlier, while the services surplus fell to USD 0.56 billion from USD 2.01 billion, as the travel surplus went down to USD 0.58 billion from USD 1.55 billion. At the same time, the primary income deficit decreased to USD 0.84 billion from USD 1.17 billion in November of 2019 and the secondary income shrank slightly to USD 0.06 billion from USD 0.09 billion. The 12-month running cumulative gap rose to USD 37.97 billion, wider than the government's forecasts of a USD 24.4 billion deficit for 2020.
2021-01-11

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).