Turkey’s current account deficit widened to USD 3.7 billion in November of 2022 from USD 2.1 billion in the corresponding period of the previous year, compared to market expectations of a USD 4.1 billion gap. The goods account recorded a deficit of USD 7.12 billions, widening from a USD 3.62 billion in the previous year while the secondary income account swung to a surplus of USD 0.13 billion from a USD 0.106 billion gap. On the other hand, the services surplus widened to USD 3.68 billion from USD 2.52 billion due to the travel item and the primary account gap narrowed to USD 0.24 billion from USD 0.89 billion. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1374.02 USD Million from 1984 until 2022, reaching an all time high of 4101.00 USD Million in October of 2021 and a record low of -9407.00 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 February of 2023.
Current Account in Turkey is expected to be -2480.00 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 -3650.00 USD Million in 2024 and -3200.00 USD Million in 2025, according to our econometric models.