Turkey’s current account deficit narrowed to USD 4.48 billion in March 2023 from USD 5.58 billion in the corresponding month of the previous year and compared with market expectations of USD 5.20 billion. The goods account deficit fell to USD 6.3 billion from USD 6.5 billion in the previous year, while the services account surplus increased to USD 3.1 billion from USD 2.4 billion, due to travel item which recorded a net inflow of USD 2.1 billion. On the other hand, the primary income gap expanded to USD 1.4 billion from USD 1.3 billion, while the secondary income swung to a surplus of USD 0.80 billion from a USD 0.19 billion shortfall. Excluding gold and energy, the current account surplus shrank to USD 1.37 billion from USD 2.46 billion in the same period last year. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1394.03 USD Million from 1984 until 2023, reaching an all time high of 4104.00 USD Million in October of 2021 and a record low of -10020.00 USD Million in January of 2023. 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 June of 2023.
Current Account in Turkey is expected to be -4200.00 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 -4800.00 USD Million in 2024 and -3200.00 USD Million in 2025, according to our econometric models.