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 -2000.00 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 -5980 -3800 100 400 -1000 -4000
Exports 14077 14100 15600 17200 15500 20400
Imports 20059 17900 15500 16800 16500 24400
Current Account -1750 -5600 -8500 -4500 -2000 -3200
Current Account to GDP -5.5 -4.7 -4.7 -3.6 -3.6 -2.8
External Debt 466657 483000 491000 499000 505000 591000
Terms of Trade 103 98.97 95.92 96.94 95.05 95.33
Capital Flows -1232 2910 2850 3450 2980 4740
Foreign Direct Investment 10900 9500 9500 10000 10000 11500
Remittances 25 45 45 51 51 65
Tourism Revenues 2813 13850 8760 4750 8150 10600
Tourist Arrivals 5671801 4150000 1740000 2290000 4752400 1920000
Gold Reserves 236 229 225 222 220 217
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 55 50 50 50 50 50