Turkey Current Account Balance: % of GDP
1998 - 2022 | Quarterly | % | CEIC Data
Key information about Turkey Current Account Balance: % of GDP
- Turkey Current Account deficit accounted for 5.0 % of the country's Nominal GDP in Jun 2022, compared with a 9.9 % deficit in the previous quarter.
- Turkey Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Jun 2022, with an average value of -3.7 %.
- The data reached an all-time high of 4.5 % 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 3.0 USD bn in Sep 2022.
- Foreign Direct Investment (FDI) increased by 964.0 USD mn in Sep 2022.
- Turkey Direct Investment Abroad expanded by 476.0 USD mn in Sep 2022.
- Its Foreign Portfolio Investment fell by 3.9 USD bn in Sep 2022.
- The country's Nominal GDP was reported at 216.8 USD bn in Jun 2022.
View Turkey's Current Account Balance: % of GDP from Mar 1998 to Jun 2022 in the chart:
What was Turkey's Current Account Balance: % of GDP in Jun 2022?
Turkey Current Account deficit accounted for 5.0 % of the country's Nominal GDP in Jun 2022, compared with a 9.9 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -5.0 Jun 2022 | -9.9 Mar 2022 | -11.4 Mar 2011 | 4.5 Sep 2019 | % | quarterly | Mar 1998 - Jun 2022 |
Current Account Balance: % of GDP by Country Comparison
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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -4.4 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Algeria (%) | -3.8 Sep 2021 | quarterly | Mar 2007 - Sep 2021 |
| Argentina (%) | -0.5 Jun 2022 | quarterly | Mar 2004 - Jun 2022 |
| Armenia (%) | -0.4 Jun 2022 | quarterly | Dec 1994 - Jun 2022 |
| Australia (%) | 3.0 Jun 2022 | quarterly | Sep 1959 - Jun 2022 |
| Austria (%) | -0.4 Jun 2022 | quarterly | Mar 1970 - Jun 2022 |
| Azerbaijan (%) | 32.3 Jun 2022 | quarterly | Mar 2013 - Jun 2022 |
| Bahrain (%) | 17.2 Jun 2022 | quarterly | Mar 2018 - Jun 2022 |
| Bangladesh (%) | -3.8 2022 | yearly | 1998 - 2022 |
| Belarus (%) | -8.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Belgium (%) | -6.1 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Bolivia (%) | 4.7 Jun 2022 | quarterly | Mar 1990 - Jun 2022 |
| Bosnia and Herzegovina (%) | -5.7 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Botswana (%) | 2.7 Mar 2022 | quarterly | Mar 2004 - Mar 2022 |
| Brazil (%) | -3.9 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | 0.3 Sep 2022 | quarterly | Sep 1999 - Sep 2022 |
| Cambodia (%) | -46.3 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Canada (%) | -1.6 Sep 2022 | quarterly | Mar 1957 - Sep 2022 |
| Chile (%) | -13.6 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| China (%) | 3.2 Sep 2022 | quarterly | Mar 1998 - Sep 2022 |
| Colombia (%) | -7.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Croatia (%) | -0.8 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Cyprus (%) | -15.7 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Czech Republic (%) | -9.1 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Denmark (%) | 17.7 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Ecuador (%) | 4.7 Jun 2022 | quarterly | Mar 1993 - Jun 2022 |
| Egypt (%) | -5.3 Jun 2021 | quarterly | Sep 2001 - Jun 2021 |
| Estonia (%) | -0.3 Jun 2022 | quarterly | Mar 2000 - Jun 2022 |
| European Union (%) | -0.9 Jun 2022 | quarterly | Mar 1999 - Jun 2022 |
| Finland (%) | -9.0 Jun 2022 | quarterly | Mar 1990 - Jun 2022 |
| France (%) | -2.4 Sep 2022 | quarterly | Mar 1997 - Sep 2022 |
| Georgia (%) | -4.2 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Germany (%) | 2.1 Sep 2022 | quarterly | Mar 1991 - Sep 2022 |
| Ghana (%) | -3.0 Jun 2022 | quarterly | Mar 2006 - Jun 2022 |
| Greece (%) | -8.9 Jun 2022 | quarterly | Mar 2000 - Jun 2022 |
| Hong Kong SAR, China (%) | 4.5 Jun 2022 | quarterly | Mar 1999 - Jun 2022 |
| Hungary (%) | -5.9 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Iceland (%) | 2.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| India (%) | -2.8 Jun 2022 | quarterly | Jun 2004 - Jun 2022 |
| Indonesia (%) | 1.3 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Iran (%) | -0.1 2021 | yearly | 1997 - 2021 |
| Ireland (%) | -3.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Israel (%) | 3.5 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Italy (%) | -0.8 Jun 2022 | quarterly | Mar 1980 - Jun 2022 |
| Ivory Coast (%) | -3.9 2021 | yearly | 1975 - 2021 |
| Japan (USD mn) | 4,680.8 Sep 2022 | monthly | Jan 1996 - Sep 2022 |
| Jordan (%) | -12.0 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
| Kazakhstan (%) | 7.6 Jun 2022 | quarterly | Dec 1997 - Jun 2022 |
| Kenya (%) | -5.6 Jun 2022 | quarterly | Mar 2009 - Jun 2022 |
| South Korea (USD mn) | -2,971.6 Aug 2022 | monthly | Jan 1980 - Aug 2022 |
| Kosovo (%) | -14.8 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Kuwait (%) | 0.5 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Kyrgyzstan (%) | -58.0 Jun 2022 | quarterly | Mar 2000 - Jun 2022 |
| Laos (%) | 2.3 2021 | yearly | 1984 - 2021 |
| Latvia (%) | -5.8 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Lebanon (%) | -4.7 2020 | yearly | 2002 - 2020 |
| Lithuania (%) | -6.3 Jun 2022 | quarterly | Mar 1993 - Jun 2022 |
| Luxembourg (%) | 3.2 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Macau SAR, China (%) | 9.8 2021 | yearly | 2002 - 2021 |
| North Macedonia (%) | 2.5 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Malawi (%) | -12.0 2020 | yearly | 1977 - 2020 |
| Malaysia (%) | 1.0 Jun 2022 | quarterly | Mar 2000 - Jun 2022 |
| Malta (%) | -6.1 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Mauritius (%) | -16.9 Jun 2022 | quarterly | Mar 2007 - Jun 2022 |
| Mexico (%) | -1.6 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Moldova (%) | -12.9 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Mongolia (%) | -11.2 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Montenegro (%) | -25.8 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Morocco (%) | -8.5 Jun 2022 | quarterly | Mar 2014 - Jun 2022 |
| Mozambique (%) | -22.8 2021 | yearly | 1980 - 2021 |
| Nepal (%) | -12.8 2022 | yearly | 2001 - 2022 |
| Netherlands (%) | 3.2 Jun 2022 | quarterly | Mar 1987 - Jun 2022 |
| New Zealand (%) | -7.6 Jun 2022 | quarterly | Jun 1987 - Jun 2022 |
| Nigeria (%) | 4.7 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Norway (%) | 20.9 Jun 2022 | quarterly | Mar 1981 - Jun 2022 |
| Oman (%) | -11.2 2020 | yearly | 1980 - 2020 |
| Pakistan (%) | -4.6 2022 | yearly | 1977 - 2022 |
| Palestinian Territory (%) | -16.4 Jun 2022 | quarterly | Mar 2011 - Jun 2022 |
| Panama (%) | -1.7 Mar 2022 | quarterly | Mar 2007 - Mar 2022 |
| Paraguay (%) | -3.1 Jun 2022 | quarterly | Mar 2000 - Jun 2022 |
| Peru (%) | -6.0 Sep 2022 | quarterly | Mar 1980 - Sep 2022 |
| Philippines (%) | -7.7 Jun 2022 | quarterly | Mar 1981 - Jun 2022 |
| Poland (%) | -4.1 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Portugal (%) | 0.8 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Qatar (%) | 28.6 Jun 2022 | quarterly | Mar 2011 - Jun 2022 |
| Romania (%) | -9.5 Jun 2022 | quarterly | Mar 1995 - Jun 2022 |
| Russia (%) | 14.7 Jun 2022 | quarterly | Mar 1994 - Jun 2022 |
| Saudi Arabia (%) | 16.2 Jun 2022 | quarterly | Mar 2006 - Jun 2022 |
| Serbia (%) | -8.6 Jun 2022 | quarterly | Mar 2007 - Jun 2022 |
| Singapore (%) | 20.5 Sep 2022 | quarterly | Mar 1986 - Sep 2022 |
| Slovakia (%) | -6.2 Jun 2022 | quarterly | Mar 1997 - Jun 2022 |
| Slovenia (%) | 2.0 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| South Africa (%) | -1.3 Jun 2022 | quarterly | Mar 1960 - Jun 2022 |
| Spain (%) | 0.7 Jun 2022 | quarterly | Mar 1980 - Jun 2022 |
| Sri Lanka (%) | -3.0 Jun 2022 | quarterly | Mar 2002 - Jun 2022 |
| Sudan (%) | -8.0 2020 | yearly | 1977 - 2020 |
| Sweden (%) | 2.4 Jun 2022 | quarterly | Mar 1980 - Jun 2022 |
| Switzerland (%) | 5.7 Jun 2022 | quarterly | Mar 1983 - Jun 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.4 Sep 2022 | quarterly | Dec 2006 - Sep 2022 |
| Consolidated Fiscal Balance (USD mn) | -4,255.048 Sep 2022 | monthly | Jan 2006 - Sep 2022 |
| Tax Revenue (USD mn) | 9,784.350 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| Tax Revenue: % of GDP (%) | 14.4 Sep 2022 | quarterly | Mar 2006 - Sep 2022 |
| National Government Debt (USD mn) | 233,289.5 2021 | yearly | 2001 - 2021 |
| Government Debt: % of GDP (%) | 39.3 Jun 2022 | quarterly | Dec 2001 - Jun 2022 |
| Forecast: Government Expenditure (TRY bn) | 16,506.166 2027 | yearly | 2000 - 2027 |
| Forecast: Government Net Debt (TRY bn) | 21,867.025 2027 | yearly | 2000 - 2027 |
| Forecast: Government Revenue (TRY bn) | 13,584.733 2027 | yearly | 2000 - 2027 |
| General Budget: Revenue (TRY mn) | 238,904.160 Oct 2022 | monthly | Jan 2005 - Oct 2022 |
| General Budget: Cash Balance (TRY mn) | -72,179.780 Oct 2022 | monthly | Jan 2005 - Oct 2022 |
| General Budget: Expenditure (TRY mn) | 311,083.930 Oct 2022 | monthly | Jan 2005 - Oct 2022 |
| General Budget: ytd: Revenue (TRY th) | 2,160,985,408.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: Balance (TRY th) | -122,875,993.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: Revenue: Tax (TRY th) | 1,829,771,114.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 1,000,021,619.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 82,142,926.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 2,283,861,401.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 674,510,274.000 Oct 2022 | monthly | Jan 2006 - Oct 2022 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.154 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | -10,114.3 Sep 2022 | monthly | Jan 2013 - Sep 2022 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 3.5 Oct 2022 | monthly | Jan 2014 - Oct 2022 |
| Aluminum: Exports (USD th) | 3,873,788.707 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 1,321,846.809 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 601,994.909 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 38.7 Sep 2022 | monthly | Jan 2014 - Sep 2022 |
| Imports: Medicament (USD th) | 2,713,227.061 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 4,495,215.087 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 1,307.891 Oct 2022 | monthly | Apr 1964 - Oct 2022 |
| Total Imports from USA (USD mn) | 1,215.031 Oct 2022 | monthly | Apr 1964 - Oct 2022 |
| Total Exports to China (USD mn) | 336.273 Sep 2022 | monthly | Jan 2013 - Sep 2022 |
| Total Imports from China (USD mn) | 3,708.665 Sep 2022 | monthly | Sep 1992 - Sep 2022 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 415.037 2021 | yearly | 1976 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.3 Sep 2022 | monthly | Jan 2003 - Sep 2022 |
| Household Debt: % of GDP (%) | 13.2 Jun 2022 | quarterly | Dec 2014 - Jun 2022 |
| Non-Performing Loans (USD mn) | 8,653.136 Oct 2022 | monthly | Dec 2002 - Oct 2022 |
| Money Supply M1 (USD mn) | 157,374.098 Oct 2022 | monthly | Dec 1963 - Oct 2022 |
| Money Supply M2 (USD mn) | 397,729.558 Aug 2022 | monthly | Dec 1976 - Aug 2022 |
| M2 Growth (%) | 87.2 Sep 2022 | monthly | Dec 1977 - Sep 2022 |
| Reserve Requirement Ratio (%) | 8.0 Nov 2022 | monthly | Jan 2011 - Nov 2022 |
| Foreign Exchange Reserves (USD mn) | 67,143.0 Oct 2022 | monthly | Apr 2000 - Oct 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 7.200 Sep 2022 | quarterly | Jun 2000 - Sep 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.9 Sep 2022 | monthly | Apr 2000 - Sep 2022 |
| Gold Reserves (USD mn) | 38,996.000 Sep 2022 | monthly | Dec 1956 - Sep 2022 |
| Total Deposits (USD mn) | 448,637.824 Oct 2022 | monthly | Dec 2002 - Oct 2022 |
| Total Deposits Growth (%) | 92.3 Oct 2022 | monthly | Dec 2003 - Oct 2022 |
| Domestic Credit (USD mn) | 480,545.1 Oct 2022 | monthly | Jan 1986 - Oct 2022 |
| Domestic Credit Growth (%) | 78.2 Oct 2022 | monthly | Jan 1987 - Oct 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 21.200 Mar 2022 | quarterly | Mar 2002 - Mar 2022 |
| Credit to Households (USD bn) | 76.128 Mar 2022 | quarterly | Mar 1986 - Mar 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 493.005 Mar 2022 | quarterly | Mar 1986 - Mar 2022 |
| Household Debt (USD mn) | 69,782.4 Oct 2022 | monthly | Jan 1986 - Oct 2022 |
| Total Loans (USD mn) | 300,613.405 Sep 2022 | monthly | Jan 1986 - Sep 2022 |
| Total Loans Growth (%) | 67.74 Oct 2022 | monthly | Jan 1987 - Oct 2022 |
| Private Debt: % of Nominal GDP (%) | 41.45 Sep 2022 | quarterly | Dec 1998 - Sep 2022 |
| Money Supply: M3 (TRY th) | 7,866,357,887.000 Oct 2022 | monthly | Dec 2005 - Oct 2022 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 2.280 Sep 2022 | monthly | Jan 2003 - Sep 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -10.7 Nov 2022 | monthly | Jan 2008 - Nov 2022 |
| Composite Leading Indicator Index: Trend Restored (NA) | 268.010 Sep 2022 | monthly | Dec 1987 - Sep 2022 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 101.300 Nov 2022 | monthly | Jan 2007 - Nov 2022 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 121.930 Nov 2022 | monthly | Jan 2011 - Nov 2022 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 91.590 Nov 2022 | monthly | Jan 2011 - Nov 2022 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 118.060 Nov 2022 | monthly | Jan 2011 - Nov 2022 |
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