Turkish Current Account Gap Largest in 8 Months

2026-02-13 07:10 By Chusnul Chotimah 1 min. read

Turkey’s current account deficit widened to $7.25 billion in December 2025 from $4.72 billion in the same month of the previous year, surpassing market forecasts of $5.2 billion.

This marked the largest deficit since April, as the goods account deficit widened to $7.44 billion from $6.23 billion in December 2024, while the primary income gap increased to $2.37 billion from $1.63 billion.

At the same time, the secondary income account posted a $0.097 billion deficit, swinging from a $0.11 billion surplus last year.

Meanwhile, the services account surplus narrowed to $2.65 billion from $3.03 billion a year earlier.

Excluding gold and energy, the current account recorded a $0.96 billion deficit.

For the full year of 2025, the country recorded a current account deficit of $25.21 billion, sharply higher than the $10.42 billion shortfall in 2024.



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Turkish Current Account Gap Largest in 8 Months
Turkey’s current account deficit widened to $7.25 billion in December 2025 from $4.72 billion in the same month of the previous year, surpassing market forecasts of $5.2 billion. This marked the largest deficit since April, as the goods account deficit widened to $7.44 billion from $6.23 billion in December 2024, while the primary income gap increased to $2.37 billion from $1.63 billion. At the same time, the secondary income account posted a $0.097 billion deficit, swinging from a $0.11 billion surplus last year. Meanwhile, the services account surplus narrowed to $2.65 billion from $3.03 billion a year earlier. Excluding gold and energy, the current account recorded a $0.96 billion deficit. For the full year of 2025, the country recorded a current account deficit of $25.21 billion, sharply higher than the $10.42 billion shortfall in 2024.
2026-02-13
Turkey Current Account Deficit Widens in November
Turkey's current account deficit widened to $4.00 billion in November 2025 from $2.76 billion in the same month of the previous year. This marked the largest deficit since April, as the goods account deficit widened to $6.39 billion from $5.24 billion in November 2024, while the primary income gap increased to $1.56 billion from $1.44 billion. At the same time, the secondary income surplus edged down to $0.020 billion from $0.021 billion last year. Meanwhile, the services account surplus rose to $3.93 billion from $3.90 billion a year earlier. Excluding gold and energy, the current account surplus stood at $2.13 million. Over the first eleven months of the year, the country recorded a current account deficit of $18.51 billion, sharply higher than the $5.70 billion shortfall in the corresponding period a year earlier.
2026-01-13
Turkey Current Account Surplus Narrows in October
Turkey’s current account surplus narrowed significantly to $0.46 billion in October 2025 from $2.23 billion in the corresponding month last year, slightly exceeding market expectations of a $0.4 billion surplus. The goods account shortfall increased sharply to $5.96 billion from $3.50 billion a year earlier. At the same time, the secondary income deficit widened to $0.04 billion from $0.02 billion. On the other hand, the services account surplus rose to $7.59 billion from $6.90 billion in October 2024, while the primary income deficit narrowed to $1.13 billion from $1.16 billion. For the January-October period, the country recorded a current account deficit of $14.54 billion, notably higher than the $2.93 billion shortfall in the same month of the previous year.
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