Turkey posted a current account surplus of USD 2.77 billion in October 2018, compared to a deficit of USD 3.84 billion in the same month a year earlier and beating market expectations of a USD 2.55 billion surplus. It was the third consecutive monthly surplus and the largest, as trade balance recorded a surplus USD 0.80 billion, swinging from a USD 5.64 billion deficit, as imports tumbled 23.8 percent amid a weak lira and slowing economy. Also, the services surplus increased to USD 3.03 billion from USD 2.58 billion. Meanwhile, the primary income deficit went up to USD 1.16 billion from USD 1.05 billion a year ago and the secondary income surplus declined to USD 0.10 billion from USD 0.27 billion. Considering the first ten months of the year, the current account deficit narrowed sharply to USD 27.17 billion from USD 35.13 billion in the same period of 2017. Current Account in Turkey averaged -1429.44 USD Million from 1984 until 2018, reaching an all time high of 2770 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011.

Current Account in Turkey is expected to be -2500.00 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 -2900.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -3200.00 USD Million in 2020, according to our econometric models.

Turkey Current Account
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 07:00 AM Current Account $-1.75B $-2.97B $-1.8B $-2.2B
2018-10-11 07:00 AM Current Account $2.592B $-1.751B $-2.5B $-1.7B
2018-11-12 07:00 AM Current Account $1.83B $1.86B $2B $2.2B
2018-12-11 07:00 AM Current Account $2.77B $1.81B $2.55B $1.9B
2019-01-11 07:00 AM Current Account $2.77B
2019-02-14 07:00 AM Current Account $ -2.5B
2019-03-12 07:00 AM Current Account


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -456.10 -1911.74 24.51 -10453.06 USD Million [+]
Exports 15719.44 14413.26 15719.44 7.10 USD Million [+]
Imports 16175.54 16325.00 23245.30 15.00 USD Million [+]
Current Account 2770.00 1806.00 2770.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
External Debt 456961.00 466657.00 466657.00 43911.00 USD Million [+]
Terms of Trade 101.61 101.77 147.63 93.96 Index Points [+]
Capital Flows -1414.00 -6176.00 9186.00 -6176.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 32.00 41.00 574.00 24.00 USD Million [+]
Tourism Revenues 3686.00 4281.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 3755467.00 4792818.00 5671801.00 213998.00 [+]
Gold Reserves 246.30 236.00 246.30 116.10 Tonnes [+]
Terrorism Index 7.52 6.74 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 57.00 57.00 72.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2770.00 1806.00 2770.00 -9407.00 1984 - 2018 USD Million Monthly




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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