Turkey’s current account deficit narrowed sharply to USD 1.44 billion in December 2018 from USD 7.75 billion in the same month a year earlier and compared to market expectations of USD 1.50 billion deficit. The goods account deficit fell sharply to USD 1.68 billion from USD 7.54 billion last year, with imports tumbling 28 percent and exports falling 2 percent; and the primary income gap declined to USD 0.96 billion from USD 1.16 billion. In addition, the services surplus increased to USD 1.07 billion from USD 0.68 billion a year ago, while the secondary income surplus declined to USD 0.14 billion from USD 0.27 billion. Considering 2018 full year, the current account deficit narrowed sharply to USD 27.63 billion from USD 47.35 billion in 2017. Current Account in Turkey averaged -1423.60 USD Million from 1984 until 2018, reaching an all time high of 2597 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011.

Current Account in Turkey is expected to be -1500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Turkey to stand at -1020.00 in 12 months time. In the long-term, the Turkey Current Account is projected to trend around -2200.00 USD Million in 2020, according to our econometric models.

Turkey Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-12 07:00 AM Current Account $1.83B $1.86B $2B $2.2B
2018-12-11 07:00 AM Current Account $2.77B $1.81B $2.55B $1.9B
2019-01-11 07:00 AM Current Account $0.986B $2.75B $0.965B $ 2.5B
2019-02-14 07:00 AM Current Account $-1.44B $1.08B $-1.5B $1.1B
2019-03-11 07:00 AM Current Account $-1.44B $-1.2B
2019-04-11 07:00 AM Current Account $0.5B
2019-05-13 07:00 AM Current Account $-1.5B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -2674.41 -655.39 24.51 -10453.06 USD Million [+]
Current Account -1437.00 1075.00 2597.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
Imports 16552.97 16161.06 23245.30 15.00 USD Million [+]
Exports 13878.56 15505.67 15691.72 7.10 USD Million [+]
External Debt 448452.00 456961.00 466657.00 43911.00 USD Million [+]
Terms of Trade 100.39 99.77 147.63 93.96 Index Points [+]
Capital Flows -1380.00 -1252.00 9186.00 -6756.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 24.00 35.00 574.00 24.00 USD Million [+]
Tourism Revenues 1428.00 1795.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1950705.00 1966277.00 5671801.00 213998.00 [+]
Gold Reserves 253.50 253.50 253.50 116.10 Tonnes [+]
Terrorism Index 7.04 7.52 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 57.00 57.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1437.00 1075.00 2597.00 -9407.00 1984 - 2018 USD Million Monthly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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