Turkey Current Account  1984-2017 | Data | Chart | Calendar | Forecast

Turkish current account gap narrowed to USD 1.24 billion in August 2017 from USD 1.41 billion a year earlier and below market expectations of a USD 1.40 billion shortfall. It was the smallest current account deficit since October 2015, as the primary income deficit declined to USD 0.68 billion from USD 0.76 billion in August 2016; the services surplus widened to USD 3.51 billion from USD 2.87 billion; and the secondary income surplus rose to USD 0.21 billion from USD 0.07 billion. Meanwhile, the goods deficit grew to USD 4.28 billion from USD 3.59 billion in the previous year. Considering the first eight months of the year, the current account gap rose to USD 27.23 billion from USD 22.89 billion in the same period of 2016. Current Account in Turkey averaged -1360.37 USD Million from 1984 until 2017, reaching an all time high of 1132 USD Million in September of 1998 and a record low of -9407 USD Million in March of 2011.

Turkey Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-11 07:00 AM Current Account $-3.76B $-5.36B $ -3.9B $ -4.2B
2017-09-15 07:00 AM Current Account $-5.12B $-3.763B $-5.271B $ -4.8B
2017-10-11 07:00 AM Current Account $-1.24B $-5.15B $-1.4B $ -2.6B
2017-11-13 07:00 AM Current Account $-1.24B $ -3.4B
2017-12-11 07:00 AM Current Account $ -3.3B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -5873.11 -8868.46 24.51 -10453.06 USD Million [+]
Exports 13289.64 12624.90 14680.11 7.10 USD Million [+]
Imports 19161.75 21493.36 23245.30 15.00 USD Million [+]
Current Account -1237.00 -5145.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 432352.00 412375.00 432352.00 43911.00 USD Million [+]
Terms of Trade 106.72 107.07 147.63 93.96 Index Points [+]
Capital Flows -369.00 4210.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 29.00 34.00 574.00 29.00 USD Million [+]
Tourism Revenues 2135.70 1905.10 4947.00 79.00 USD Million [+]
Tourist Arrivals 4658463.00 5075961.00 5480502.00 213998.00 [+]
Gold Reserves 456.13 427.84 529.10 116.10 Tonnes [+]
Weapons Sales 277.00 290.00 290.00 3.00 USD Million [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Crude Oil Production 50.00 49.00 72.00 38.00 BBL/D/1K [+]

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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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1237.00 -5145.00 1132.00 -9407.00 1984 - 2017 USD Million Monthly




current account by Country

Last
Australia -9562.00 Jun/17
Brazil -302.50 Aug/17
Canada -16319.00 Jun/17
China 508.87 Jun/17
Euro Area 29.61 Aug/17
France -1468.00 Aug/17
Germany 17800.00 Aug/17
India -14300.00 Jun/17
Indonesia -4962.50 Jun/17
Italy 3679.00 Aug/17
Japan 2380.40 Aug/17
Mexico -321.10 Jun/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 6061.10 Aug/17
Spain 2977.00 Jul/17
Switzerland 18748.00 Jun/17
Turkey -1237.00 Aug/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17