Turkey Current Account Balance: % of GDP

1987 - 2020 | Quarterly | % | CEIC Data

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:

Turkey Current Account Balance: % of GDP

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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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 (%) -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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Turkey Key Series

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Includes 321 key indicators for Turkey, curated by CEIC analysts. Instant access to full history data in excel.
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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