The current account deficit in Turkey increased to USD 2.61 billion in February of 2021 from USD 1.38 billion a year earlier and compared with market consensus of a 2.575 billion shortfall. The goods deficit widened to USD 2.06 billion from USD 1.93 billion a year earlier and the services surplus fell sharply to USD 0.49 billion from USD 1.48 billion amid lower tourism revenues. At the same time, the primary income gap rose to USD 1.17 billion from USD 0.78 billion, while the secondary account shifted to a surplus of USD 0.13 billion compared to a deficit of USD 0.13 billion in February of 2020. source: Central Bank of the Republic of Turkey
Current Account in Turkey averaged -1337.33 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 May of 2021.
Current Account in Turkey is expected to be -1780.00 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 -2800.00 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.