Turkey Current Account Balance: % of GDP
Turkey Current Account deficit accounted for 4.7 % of the country's Nominal GDP in Sep 2020, compared with a 8.3 % deficit in the previous quarter. Turkey Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1987 to Sep 2020, with an average value of -2.8 %. The data reached an all-time high of 5.8 % in Jun 1994 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. Current Account Balance as % of Nominal GDP prior to Q1 1998 is calculated from Current Account Balance and Nominal GDP, both sourced from the International Monetary Fund.
In the latest reports of Turkey, Current Account recorded a deficit of 2.4 USD bn in Sep 2020. Foreign Direct Investment (FDI) increased by 782.0 USD mn in Sep 2020. Turkey Direct Investment Abroad expanded by 378.0 USD mn in Nov 2020. Its Foreign Portfolio Investment fell by 1.3 USD bn in Sep 2020. The country's Nominal GDP was reported at 196.9 USD bn in Sep 2020.
View Turkey's Current Account Balance: % of GDP from Mar 1987 to Sep 2020 in the chart:
What was Turkey's Current Account Balance: % of GDP in Sep 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -4.7 Sep 2020 | -8.3 Jun 2020 | -11.4 Mar 2011 | 5.8 Jun 1994 | % | quarterly | Mar 1987 - Sep 2020 |
Current Account Balance: % of GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -5.8 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Algeria (%) | -9.6 Jun 2019 | quarterly | Mar 2007 - Jun 2019 |
| Argentina (%) | 1.3 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
| Armenia (%) | -1.9 Sep 2020 | quarterly | Dec 1994 - Sep 2020 |
| Australia (%) | 2.1 Sep 2020 | quarterly | Sep 1959 - Sep 2020 |
| Austria (%) | 3.5 Sep 2020 | quarterly | Mar 1970 - Sep 2020 |
| Azerbaijan (%) | 6.1 Mar 2020 | quarterly | Mar 2013 - Mar 2020 |
| Bahrain (%) | 3.3 2014 | yearly | 1997 - 2014 |
| Bangladesh (%) | -1.6 2020 | yearly | 1998 - 2020 |
| Belarus (%) | 3.8 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Jun 2020 | quarterly | Dec 2006 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -580.134 Oct 2020 | monthly | Jan 2006 - Oct 2020 |
| Tax Revenue (USD mn) | 10,153.886 Dec 2020 | monthly | Jan 2006 - Dec 2020 |
| Tax Revenue: % of GDP (%) | 17.1 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| National Government Debt (USD mn) | 247,523.1 2019 | yearly | 2001 - 2019 |
| Government Debt: % of GDP (%) | 39.4 Jun 2020 | quarterly | Dec 2001 - Jun 2020 |
| Forecast: Government Expenditure (TRY bn) | 3,254.416 2025 | yearly | 2000 - 2025 |
| Forecast: Government Net Debt (TRY bn) | 4,457.983 2025 | yearly | 2000 - 2025 |
| Forecast: Government Revenue (TRY bn) | 2,597.422 2025 | yearly | 2000 - 2025 |
| General Budget: ytd: Revenue (TRY th) | 912,490,285.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,042,301,431.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 538,459,790.950 Dec 2020 | monthly | Jan 2006 - Dec 2020 |
| General Budget: ytd: Revenue: Tax (TRY th) | 754,592,889.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 31,146,981.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 262,210,898.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| General Budget: ytd: Balance (TRY th) | -129,811,146.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
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