Current account

Current account deficit comes in at $5.3 billion in April

Türkiye's current account posted a deficit of $5.29 billion in April, widening from the previous month's deficit of $4.4 billion.

In the same month of last year, the current account deficit was $5.09 billion.

Gold and energy excluded, the current account indicated a net deficit of $497 million, the Central Bank said on June 10.

Decline in current account gap is program’s success: Şimşek

The decline in the annual current account deficit, which has been continuing for eight months, is the success of the economic program, Finance Minister Mehmet Şimşek has said.

The annualized current account deficit declined by $25.8 billion in March compared with June 2023, Şimşek said, commenting on the latest balance of payments data the Central Bank unveiled on May 13.

Current account deficit comes in at $4.5 billion in March

The current account balance posted a deficit of $4.54 billion in March, narrowing from $5.25 billion in the same month of last year, data from the Central Bank has shown.

Analysts had expected the current account deficit to come in at less than $4 billion.

The 12-month rolling current account deficit eased from $31.94 billion in February to $31.2 billion in March.

Decline in CA deficit shows economic program works, says Şimşek

A decline in the current account deficit shows that the government's medium-term economic program is working, Treasury and Finance Minister Mehmet Şimşek has said.

He noted that the deficit was lower than expectations in February and the gap declined by $5.8 billion compared with the same month of last year.

Current account deficit will be less than forecast in 2024: Şimşek

Türkiye's current account deficit this year will be significantly lower than the initially forecast, Treasury and Finance Minister Mehmet Şimşek has said.

The improvement in annualized foreign trade deficit continued in March, Şimşek wrote on the social media platform X on April 5, commenting on the latest trade data.

Türkiye’s current account deficit at $45.2 billion last year

Türkiye's current account deficit came in at $45.15 billion in 2023, shrinking from  $49.09 billion in the previous year, data from the Central Bank has shown.

In December alone, the current account deficit was $2.09 billion, declining from $2.77 billion in November. This was less than the $3.3 billion gap economists had expected for the month.

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