Turkey's current account deficit widened to USD 2.74 billion in April of 2022 from USD 1.52 billion a year ago, below market expectations of USD 2.85 billion as the goods deficit expanded sharply to USD 4.43 billion from USD 1.74 billion a year earlier. Meanwhile, the services surplus increased to USD 2.69 billion from USD 1.22 billion and the primary income gap narrowed to USD 0.97 billion from USD 0.64 billion a year ago. Also, the secondary income posted a USD 0.03 billion deficit, compared to a USD 0.31 billion surplus in the same month of the previous year. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1363.21 USD Million from 1984 until 2022, reaching an all time high of 3768 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 July of 2022.
Current Account in Turkey is expected to be -3200.00 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 -3200.00 USD Million in 2023, according to our econometric models.