Turkey Current Account  1984-2018 | Data | Chart | Calendar | Forecast

Turkish current account switched to a USD 2.592 billion surplus in August of 2018 from a USD 0.92 billion deficit a year earlier. It is the first current account surplus since September of 2015. The goods deficit went down to USD 1.284 million from USD 4.35 billion, mainly due to a 17 percent drop in imports amid a weaker lira and the services surplus increased to USD 4.63 billion from USD 3.89 billion. On the other hand, the primary income deficit increased to USD 0.76 billion from USD 0.67 billion and the secondary income surplus fell to USD 0.01 billion from USD 0.22 billion. Considering the first eight months of the year, the current account deficit widened to USD 30.58 billion from USD 26.93 billion in the same period of 2017. Current Account in Turkey averaged -1444.68 USD Million from 1984 until 2018, reaching an all time high of 2592 USD Million in August of 2018 and a record low of -9407 USD Million in March of 2011.

Turkey Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 07:00 AM Current Account $-2.973B $-6.193B $-3.032B $-3.6B
2018-09-14 07:00 AM Current Account $-1.75B $-2.97B $-1.8B $-2.2B
2018-10-11 07:00 AM Current Account $2.592B $-1.751B $-2.5B $-1.7B
2018-11-12 07:00 AM Current Account $2.592B $-5.6B
2018-12-11 07:00 AM Current Account $-4.2B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -2421.79 -5994.49 24.51 -10453.06 USD Million [+]
Exports 12383.30 14065.42 15555.98 7.10 USD Million [+]
Imports 14805.08 20059.91 23245.30 15.00 USD Million [+]
Current Account 2592.00 -1778.00 2592.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
External Debt 456961.00 466657.00 466657.00 43911.00 USD Million [+]
Terms of Trade 101.77 103.29 147.63 93.96 Index Points [+]
Capital Flows -6257.00 -1121.00 9186.00 -6257.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 40.00 25.00 574.00 22.00 USD Million [+]
Tourism Revenues 2813.00 2422.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 5383332.00 5671801.00 5671801.00 213998.00 [+]
Gold Reserves 246.30 236.00 246.30 116.10 Tonnes [+]
Terrorism Index 7.52 6.74 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 55.00 55.00 72.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2592.00 -1778.00 2592.00 -9407.00 1984 - 2018 USD Million Monthly




current account by Country
Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil -717.20 Aug/18
Canada -15880.00 Jun/18
China 53.29 Jun/18
Euro Area 20.49 Aug/18
France -1609.00 Aug/18
Germany 15300.00 Aug/18
India -15807.13 Jun/18
Indonesia -8028.00 Jun/18
Italy 4994.00 Aug/18
Japan 1838.40 Aug/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 8439.80 Aug/18
Spain 107.00 Jul/18
Switzerland 22143.83 Jun/18
Turkey 2592.00 Aug/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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