The current account deficit in Turkey narrowed markedly to USD 0.683 billion in July of 2021, from USD 1.989 billion in the same month last year and compared with market expectations of USD 0.570 billion. The goods deficit widened to USD 2.984 billion, from USD 1.962 billion a year ago, which offset a USD 2.653 gain in the services surplus to a USD 2.948 billion surplus, compared with USD 0.295 billion a year earlier. Meanwhile, the primary income gap widened to USD 0.702 billion from USD 0.396 billion in July 2020, and the secondary income surplus expanded marginally to USD 0.055 billion, from USD 0.074 billion. source: Central Bank of the Republic of Turkey

Current Account in Turkey averaged -1344.34 USD Million from 1984 until 2021, reaching an all time high of 3778 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011. This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Current Account in Turkey is expected to be -2700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Current Account is projected to trend around -2480.00 USD Million in 2022 and -3200.00 USD Million in 2023, according to our econometric models.

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Turkey Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-683.00 -1122.00 3778.00 -9407.00 1984 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-14 07:00 AM Apr $-1.712B $-3.415B $-2.2B $-2.4B
2021-07-09 07:00 AM May $-3.081B $-1.734B $-3.025B $-3.0B
2021-08-13 07:00 AM Jun $-1.127B $-3.204B $-1.1B $-1.6B
2021-09-13 07:00 AM Jul $-0.683B $-1.122B $-0.57B $-0.7B
2021-10-11 07:00 AM Aug $-0.683B $-1.8B
2021-11-11 07:00 AM Sep $-2.7B
2021-12-13 07:00 AM Oct


News Stream
Turkey Current Account Gap Larger than Expected
The current account deficit in Turkey narrowed markedly to USD 0.683 billion in July of 2021, from USD 1.989 billion in the same month last year and compared with market expectations of USD 0.570 billion. The goods deficit widened to USD 2.984 billion, from USD 1.962 billion a year ago, which offset a USD 2.653 gain in the services surplus to a USD 2.948 billion surplus, compared with USD 0.295 billion a year earlier. Meanwhile, the primary income gap widened to USD 0.702 billion from USD 0.396 billion in July 2020, and the secondary income surplus expanded marginally to USD 0.055 billion, from USD 0.074 billion.
2021-09-13
Turkish Current Account Gap Narrows in June
The current account deficit in Turkey narrowed to USD 1.13 billion in June 2021, from USD 3.07 billion in the same period last year and compared with market expectations of USD 1.1 billion. The goods deficit shrank to USD 1.60 billion, from USD 2.06 billion a year ago, while the services account posted a USD 1.51 billion surplus, compared with a USD 0.35 billion gap. Meanwhile, the primary income gap widened to USD 1.02 billion from USD 0.60 billion last year.
2021-08-13
Turkey Current Account Gap Narrows in May
Turkey's current account deficit shrank to USD 3.08 billion in May 2021, from USD 4 billion in the same period last year and slightly above market expectations of a USD 3.03 billion gap. The services account shifted to a surplus of USD 0.94 billion compared to a deficit of USD 0.17 billion a year before, amid an increase in travel revenues; and the secondary income account posted a surplus of USD 0.15 billion, reversing from a deficit of USD 0.04 billion in May of 2020. Meanwhile, the goods deficit widened to USD 2.92 billion from USD 1.86 billion; and the primary income shortfall also rose to USD 1.30 billion from USD 1.05 billion a year ago.
2021-07-09
Turkey Current Account Deficit Smaller than Expected
Turkey's current account deficit narrowed to USD 1.71 billion in April 2021, from USD 5.30 billion in the same period last year and compared to market expectations of a USD 2.2 billion gap. It was the smallest deficit since October 2020, as the goods gap declined to USD 1.51 billion from USD 3.85 billion a year earlier; while the services account posted a USD 0.81 billion surplus, compared to a USD 0.34 billion deficit in April 2020. In addition, the secondary income surplus rose to USD 0.25 billion from USD 0.04 billion, while the primary income gap increased to USD 1.26 billion from USD 1.15 billion and the secondary income. Considering January-April, the current account gap narrowed to USD 9.58 billion, from USD 14.15 billion in the same period of 2020.
2021-06-14

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).