Turkey’s current account deficit widened to USD 6.47 billion in May of 2022 from USD 3.32 billion in the corresponding period of the previous year, compared to market expectations of a USD 6.7 billion gap. The goods account recorded a deficit of USD 8.75 billions, widening from a USD 3.05 billion in the previous year while the secondary income account swung to a gap of USD 24 million from a USD 170 million surplus. On the other hand, the services surplus widened to USD 3.22 billion from USD 897 million, and the primary account gap narrowed to USD 913 million from USD 1.33 billion. source: Central Bank of the Republic of Turkey

Current Account in Turkey averaged -1374.28 USD Million from 1984 until 2022, reaching an all time high of 3768 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 August of 2022.

Current Account in Turkey is expected to be -2890.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Current Account is projected to trend around -3200.00 USD Million in 2023, according to our econometric models.

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Turkey Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-06-13 07:00 AM Apr $-2.74B $-5.554B $-2.85B $-3.1B
2022-07-08 07:00 AM May $-6.468B $-2.737B $-6.7B $-6.5B
2022-08-11 07:00 AM Jun $-6.468B $-3.4B $-4.2B


Related Last Previous Unit Reference
Current Account -6468.00 -2737.00 USD Million May 2022
Current Account to GDP -1.70 -5.00 percent of GDP Dec 2021
Terms of Trade 76.17 74.13 points May 2022
Foreign Direct Investment 290.00 217.00 USD Million Mar 2022
Capital Flows -7357.00 -14101.00 USD Million Jan 2022
Remittances 6.00 15.00 USD Million May 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-6468.00 -2737.00 3768.00 -9407.00 1984 - 2022 USD Million Monthly

News Stream
Turkey Current Account Gap Widens Less than Expected in May
Turkey’s current account deficit widened to USD 6.47 billion in May of 2022 from USD 3.32 billion in the corresponding period of the previous year, compared to market expectations of a USD 6.7 billion gap. The goods account recorded a deficit of USD 8.75 billions, widening from a USD 3.05 billion in the previous year while the secondary income account swung to a gap of USD 24 million from a USD 170 million surplus. On the other hand, the services surplus widened to USD 3.22 billion from USD 897 million, and the primary account gap narrowed to USD 913 million from USD 1.33 billion.
2022-07-08
Turkey Current Account Gap Widens Less than Expected in April
Turkey's current account deficit widened to USD 2.74 billion in April of 2022 from USD 1.52 billion a year ago, below market expectations of USD 2.85 billion as the goods deficit expanded sharply to USD 4.43 billion from USD 1.74 billion a year earlier. Meanwhile, the services surplus increased to USD 2.69 billion from USD 1.22 billion and the primary income gap narrowed to USD 0.97 billion from USD 0.64 billion a year ago. Also, the secondary income posted a USD 0.03 billion deficit, compared to a USD 0.31 billion surplus in the same month of the previous year.
2022-06-13
Turkey's Current Account Gap Widens More Than Expected
Turkey's current account deficit widened to USD 5.554 billion in March of 2022 from USD 1.528 billion a year ago, below market expectations of USD 5.3 billion. The goods deficit expanded to USD 6.342 billion from USD 2.986 billion a year earlier, and the secondary income surplus rose to USD 0.144 billion instead of USD 0.027 billion. Meanwhile, the services surplus increased to USD 2.329 billion from USD 0.857 billion, and the primary income gap edged up to USD 1.397 billion from USD 1.223 billion.
2022-05-16