Turkey Current Account Deficit Widens in January

Turkey's current account deficit widened to $6.81 billion in January 2026 from $4.03 billion in the same month of last year. The goods account deficit rose to $6.97 billion from $5.55 billion in January 2025, while the services account surplus narrowed to $2.64 billion from $3.04 billion. At the same time, the primary income gap increased to $2.17 billion from $1.36, and the secondary income surplus grew to $0.31 billion from $0.15 billion last year. Excluding gold and energy, the current account deficit stood at $1.23 million in January 2026, shifting from a $2.16 billion surplus in the same month of the previous year.

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.

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.