Turkey recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2022. source: Central Bank of the Republic of Turkey

Current Account to GDP in Turkey averaged -2.46 percent of GDP from 1980 until 2022, reaching an all time high of 1.90 percent of GDP in 2001 and a record low of -9.00 percent of GDP in 2011. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Turkey Current Account to GDP



Related Last Previous Unit Reference
Current Account -4484.00 -8783.00 USD Million Mar 2023
Current Account to GDP -5.40 -0.90 percent of GDP Dec 2022
Terms of Trade 86.40 84.92 points Mar 2023
Foreign Direct Investment 449.00 284.00 USD Million Mar 2023
Capital Flows -7822.00 -10060.00 USD Million Feb 2023
Remittances 25.00 11.00 USD Million Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-5.40 -0.90 1.90 -9.00 1980 - 2022 percent of GDP Yearly