Turkey's current account deficit narrowed to USD 1.71 billion in April 2021, from USD 5.30 billion in the same period last year and compared to market expectations of a USD 2.2 billion gap. It was the smallest deficit since October 2020, as the goods gap declined to USD 1.51 billion from USD 3.85 billion a year earlier; while the services account posted a USD 0.81 billion surplus, compared to a USD 0.34 billion deficit in April 2020. In addition, the secondary income surplus rose to USD 0.25 billion from USD 0.04 billion, while the primary income gap increased to USD 1.26 billion from USD 1.15 billion and the secondary income. Considering January-April, the current account gap narrowed to USD 9.58 billion, from USD 14.15 billion in the same period of 2020. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1343.75 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 June 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.