Turkey Current Account - Forecast

Current Account in Turkey is expected to be -5600.00 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 -3400.00 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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Turkey Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -7759 -7800 -6900 -4600 -5000 -4000
Exports 14306 14100 15600 17200 15500 20400
Imports 22065 21900 22500 21800 20500 24400
Current Account -5890 -5600 -6800 -4200 -3400 -3200
Current Account to GDP -5.5 -4.4 -4.4 -3.6 -3.6 -3.2
External Debt 466657 483000 491000 499000 505000 591000
Terms of Trade 103 103 103 103 101 98.13
Capital Flows 2502 2910 2850 3450 2980 4740
Foreign Direct Investment 10900 12500 12500 14200 14200 16500
Remittances 25 45 45 51 51 65
Tourism Revenues 1613 11850 5760 4250 6150 6600
Tourist Arrivals 3678440 4150000 1440000 1690000 3878900 1620000
Gold Reserves 236 281 211 206 228 238
Terrorism Index 7.52 7.52 7.52 7.52 7.52 7.52
Weapons Sales 244 286 282 297 311 298
Crude Oil Production 53 50 50 50 50 50