Turkey posted a current account surplus of USD 0.99 billion in November 2018, compared to a deficit of USD 4.48 billion in the same month a year earlier and market expectations of a USD 0.97 billion surplus. It was the fourth straight month of current account surplus. The goods account posted a surplus of USD 0.52 billion in November 2018, swinging from a USD 4.78 billion deficit in the same month last year, with imports tumbling 21.1 percent and exports jumping 7.5 percent amid a weak lira. Also, the services surplus increased to USD 1.48 billion from USD 1.09 billion a year ago. The primary income deficit went up to USD 1.23 billion from USD 1.07 billion and the secondary income surplus declined to USD 0.22 billion from USD 0.28 billion. Considering January-November 2018, the current account deficit narrowed sharply to USD 26.19 billion from USD 39.61 billion in the same period of 2017. Current Account in Turkey averaged -1423.55 USD Million from 1984 until 2018, reaching an all time high of 2746 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 -1500.00 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 -2100.00 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
2018-10-11 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 $0.986B $2.75B $0.965B $ 2.5B
2019-02-14 07:00 AM Current Account $0.986B $ 1.5B
2019-03-11 07:00 AM Current Account
2019-04-11 07:00 AM Current Account


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -651.36 -482.93 24.51 -10453.06 USD Million [+]
Current Account 986.00 2746.00 2746.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
Imports 16180.25 16174.65 23245.30 15.00 USD Million [+]
Exports 15528.90 15691.72 15691.72 7.10 USD Million [+]
External Debt 448452.00 456961.00 466657.00 43911.00 USD Million [+]
Terms of Trade 99.77 99.46 147.63 93.96 Index Points [+]
Capital Flows -1980.00 -3125.00 9186.00 -6849.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 40.00 57.00 574.00 24.00 USD Million [+]
Tourism Revenues 3686.00 4281.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1966277.00 3755467.00 5671801.00 213998.00 [+]
Gold Reserves 253.10 246.30 253.10 116.10 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
986.00 2746.00 2746.00 -9407.00 1984 - 2018 USD Million Monthly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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