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.