Turkey's current account deficit shrank to USD 3.08 billion in May 2021, from USD 4 billion in the same period last year and slightly above market expectations of a USD 3.03 billion gap. The services account shifted to a surplus of USD 0.94 billion compared to a deficit of USD 0.17 billion a year before, amid an increase in travel revenues; and the secondary income account posted a surplus of USD 0.15 billion, reversing from a deficit of USD 0.04 billion in May of 2020. Meanwhile, the goods deficit widened to USD 2.92 billion from USD 1.86 billion; and the primary income shortfall also rose to USD 1.30 billion from USD 1.05 billion a year ago. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1348.03 USD Million from 1984 until 2021, reaching an all time high of 3779 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 August of 2021.
Current Account in Turkey is expected to be -2680.00 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 -3200.00 in 12 months time. 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.