Turkey recorded a Current Account deficit of 3795 USD Million in January of 2025. This dataset provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Turkey Current Account Balance: % of GDP

• Turkey Current Account deficit accounted for 1.4 % of the country's Nominal GDP in Dec 2024, compared with a 2.7 % surplus in the previous quarter.
• Turkey Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Dec 2024, with an average value of -3.4 %.
• The data reached an all-time high of 6.2 % in Sep 2019 and a record low of -11.4 % in Mar 2011.

CEIC calculates Current Account Balance as % of Nominal GDP from monthly Current Account Balance and quarterly Nominal GDP. The Central Bank of the Republic of Turkey provides Current Account Balance in USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions.


Key information about Turkey Current Account Balance: % of GDP

• In the latest reports of Turkey, Current Account recorded a deficit of 4.7 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 2.0 USD bn in Dec 2024.
• Turkey Direct Investment Abroad expanded by 834.0 USD mn in Dec 2024.
• Its Foreign Portfolio Investment increased by 4.4 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.

Key information about Turkey Current Account Balance

• Turkey Current Account recorded a deficit of 3.8 USD bn in Jan 2025, compared with a deficit of 4.6 USD bn in the previous month.
• Turkey Current Account Balance: USD mn data is updated monthly, available from Jan 1992 to Jan 2025, with an averaged value of -1.0 USD bn.
• The data reached an all-time high of 5.1 USD bn in Aug 2019 and a record low of -9.8 USD bn in Jan 2023.
• [COVID-19-IMPACT]
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Jan 2025.
• Turkey Direct Investment Abroad expanded by 834.0 USD mn in Dec 2024.
• Its Foreign Portfolio Investment increased by 4.4 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.

Turkey recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2023. This dataset provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye (TURB6BLTT02STSAQ) from Q1 1998 to Q3 2024 about current account, BOP, and GDP.

Turkey: Current account balance as percent of GDP: The latest value from 2023 is -4.07 percent, an increase from -5.42 percent in 2022. In comparison, the world average is -1.56 percent, based on data from 133 countries. Historically, the average for Turkey from 1980 to 2023 is -2.34 percent. The minimum value, -8.88 percent, was reached in 2011 while the maximum of 1.86 percent was recorded in 2001.

Graph and download economic data for Current Account Balance: Total Trade of Goods for Turkey (DISCONTINUED) (BPBLTD01TRA637S) from 1984 to 2013 about current account, Turkey, BOP, trade, and goods.

Turkey TR: BOP: Current Account: Balance: % of GDP data was reported at -5.567 % in 2017. This records a decrease from the previous number of -3.837 % for 2016. Turkey TR: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging -2.411 % from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 2.013 % in 1994 and a record low of -8.937 % in 2011. Turkey TR: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Graph and download economic data for Current Account Balance: Total Income for Turkey (DISCONTINUED) (BPBLIN01TRA637S) from 1984 to 2013 about current account, Turkey, BOP, and income.

The budget balance in relation to the GDP in Turkey was forecast to increase between 2024 and 2029 by in total 2.2 percentage points. This overall increase does not happen continuously, notably not in 2027. The budget balance is estimated to amount to -3.01 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Bosnia & Herzegovina, Albania, and North Macedonia.

Turkey recorded a trade deficit of 8154 USD Million in February of 2025. This dataset provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current account balance of Turkey dropped by 8.02% from -49.1 billion US dollars in 2022 to -45.2 billion US dollars in 2023. Since the 49.82% jump in 2017, current account balance leapt by 13.00% in 2023. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Graph and download economic data for Current Account Balance: Total Services for Turkey (DISCONTINUED) (BPBLSE01TRQ637S) from Q1 1984 to Q2 2014 about current account, Turkey, BOP, and services.

Turkey TR: BOP: Current Account: Balance data was reported at -47.378 USD bn in 2017. This records a decrease from the previous number of -33.137 USD bn for 2016. Turkey TR: BOP: Current Account: Balance data is updated yearly, averaging -2.388 USD bn from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 3.760 USD bn in 2001 and a record low of -74.402 USD bn in 2011. Turkey TR: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

The statistic shows Turkey's trade balance of goods from 2013 to 2023. The trade balance is the value of goods exports minus the value of goods imported. A positive value indicates a trade surplus, a negative value a trade deficit. In 2023, Turkey's trade deficit amounted to about 106.33 billion U.S. dollars.

Turkey BoP: Current Account: Goods, Services & Primary Income (GP) data was reported at 1.728 USD bn in Sep 2018. This records a decrease from the previous number of 1.856 USD bn for Aug 2018. Turkey BoP: Current Account: Goods, Services & Primary Income (GP) data is updated monthly, averaging -1.418 USD bn from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 1.856 USD bn in Aug 2018 and a record low of -9.484 USD bn in Mar 2011. Turkey BoP: Current Account: Goods, Services & Primary Income (GP) data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.JB001: BPM6: Balance of Payments: Analytical Presentation.

Graph and download economic data for Current Account Balance: Total Income for Turkey (DISCONTINUED) (BPBLIN01TRQ637N) from Q1 1984 to Q2 2014 about current account, Turkey, BOP, and income.

Turkey BoP: Current Account: Services: Debit data was reported at 5.726 USD bn in Dec 2024. This records an increase from the previous number of 4.446 USD bn for Nov 2024. Turkey BoP: Current Account: Services: Debit data is updated monthly, averaging 1.323 USD bn from Jan 1992 (Median) to Dec 2024, with 396 observations. The data reached an all-time high of 5.726 USD bn in Dec 2024 and a record low of 244.000 USD mn in Jan 1993. Turkey BoP: Current Account: Services: Debit data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.JB001: BPM6: Balance of Payments: Analytical Presentation.

-40,50,30,00,000 (US dollars) in 2023. Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars.

Turkey BoP: Current Account: Primary Income: Debit data was reported at 2.760 USD bn in Dec 2024. This records an increase from the previous number of 2.290 USD bn for Nov 2024. Turkey BoP: Current Account: Primary Income: Debit data is updated monthly, averaging 799.000 USD mn from Jan 1992 (Median) to Dec 2024, with 396 observations. The data reached an all-time high of 2.760 USD bn in Dec 2024 and a record low of 203.000 USD mn in Jan 1994. Turkey BoP: Current Account: Primary Income: Debit data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.JB001: BPM6: Balance of Payments: Analytical Presentation.