Balance of payments

Türkiye's current account deficit came in at $8.78 billion in February, falling from a deficit of $10 billion in the previous month, data from the Central Bank have shown.

In February 2022, the balance of payments showed a current account gap of $5.3 billion.

Türkiye posted a current account deficit of $3.67 billion in November 2022, data from the Central Bank have shown.

The deficit was $352 million in October and stood at $2.1 billion in November 2021.

"Gold and energy excluded the current account showed a net surplus of $5.3 billion," the Central Bank said.

The Turkish corporate sector has been able to handle the economic turmoil well, investment bank Jefferies has said in a recent report that suggests it is in much better shape to manage any shock adjustment.

Türkiye's current account deficit was $3.46 billion in June, rising by $2.27 billion from a year ago, according to the Central Bank.

Türkiye's current account deficit widened by $3.2 billion from a year ago to stand at $6.5 billion in May, the country's Central Bank said on July 8.

The 12-month cumulative current account gap, thus, reached $29.44 billion.

Turkey's current account deficit came in at $2.7 billion in April, widening by $1.2 billion in the same month of last year, the Central Bank said yesterday.

On the back of the April data, the country's 12-month rolling current account gap amounted to $25.7 billion.

Ljubljana – The newspaper Delo warns in Saturday’s commentary against misinterpretation of macroeconomic indicators before election, noting that rather than boasting with figures politicians should offer solutions for the future.

Turkey's current account balance posted a $3.84 billion deficit in December 2021, up $401 million year on year, according to data released by the Turkish Central Bank on Feb. 11.

The country's 12-month rolling deficit totaled $14.9 billion.

The gold- and energy-excluded current account posted a $2.27 billion surplus compared to a $700 million surplus in December 2020.

Turkey's current account balance posted a surplus of $1.65 billion in September, bringing the 12-month rolling deficit to $18.4 billion, the Turkish Central Bank revealed on Nov. 11.

In September 2020, the current account balance posted a $2.3 billion deficit.

Turkish Central Bank Governor Şahap Kavcıoğlu on Oct. 27 underlined the importance of turning the current account deficit to the positive territory by ramping up credits to exporters.