Turkey recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2018. Turkey Current Account to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account to GDP in Turkey averaged -2.54 percent from 1980 until 2018, reaching an all time high of 1.90 percent in 2001 and a record low of -8.90 percent in 2011. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of the Republic of Turkey

Current Account to GDP in Turkey is expected to reach -3.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Current Account to GDP is projected to trend around -3.60 percent in 2021, according to our econometric models.


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Turkey Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -5.60 1.90 -8.90 1980 - 2018 percent Yearly


Turkey Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.