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. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1331.48 USD Million from 1984 until 2020, reaching an all time high of 3803 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 January of 2021.
Current Account in Turkey is expected to be -1630.00 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 -2200.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2480.00 USD Million in 2022, according to our econometric models.