Turkey Current Account Balance: % of GDP
1998 - 2023 | Quarterly | % | CEIC Data
Key information about Turkey Current Account Balance: % of GDP
- Turkey Current Account deficit accounted for 1.6 % of the country's Nominal GDP in Dec 2023, compared with a 1.4 % deficit in the previous quarter.
- Turkey Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Dec 2023, with an average value of -3.8 %.
- 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 2.6 USD bn in Jan 2024.
- Foreign Direct Investment (FDI) increased by 910.0 USD mn in Jan 2024.
- Turkey Direct Investment Abroad expanded by 249.0 USD mn in Jan 2024.
- Its Foreign Portfolio Investment increased by 7.5 USD bn in Dec 2023.
- The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.
View Turkey's Current Account Balance: % of GDP from Mar 1998 to Dec 2023 in the chart:
What was Turkey's Current Account Balance: % of GDP in Dec 2023?
Turkey Current Account deficit accounted for 1.6 % of the country's Nominal GDP in Dec 2023, compared with a 1.4 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1.6 Dec 2023 | -1.4 Sep 2023 | -11.4 Mar 2011 | 4.5 Sep 2019 | % | quarterly | Mar 1998 - Dec 2023 |
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 (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Algeria (%) | 4.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
| Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
| Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
| Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
| Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Bolivia (%) | -2.5 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
| Bosnia and Herzegovina (%) | -2.3 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Botswana (%) | 1.2 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
| Brazil (%) | -1.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
| Cambodia (%) | 4.5 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
| Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Cyprus (%) | -6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| France (%) | 0.9 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Germany (%) | 6.9 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Ghana (%) | 0.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
| Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Italy (%) | 0.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
| Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
| South Korea (USD mn) | 6,638.2 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
| Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
| Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
| Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
| North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mongolia (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
| Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
| New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
| Nigeria (%) | 1.8 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Norway (%) | 16.1 Sep 2023 | quarterly | Mar 1981 - Sep 2023 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.7 2023 | yearly | 1977 - 2023 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | -28.8 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
| Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
| Romania (%) | -7.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.3 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -7,844.487 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Tax Revenue (USD mn) | 13,220.533 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 18.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 29.5 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
| Forecast: Government Expenditure (TRY bn) | 62,930.420 2028 | yearly | 2000 - 2028 |
| Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (TRY bn) | 56,428.620 2028 | yearly | 2000 - 2028 |
| General Budget: Cash Balance (TRY mn) | -166,778.310 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: Expenditure (TRY mn) | 685,109.740 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: Revenue (TRY mn) | 518,331.430 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| General Budget: ytd: Revenue (TRY th) | 1,109,903,150.658 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 923,492,012.994 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 39,280,820.339 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,535,309,409.705 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 701,496,210.599 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 224,813,506.044 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| General Budget: ytd: Balance (TRY th) | -425,406,259.047 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| 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 (%) | 7.230 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
| Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
| Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,332.448 Feb 2024 | monthly | Apr 1964 - Feb 2024 |
| Total Imports from USA (USD mn) | 1,337.223 Feb 2024 | monthly | Apr 1964 - Feb 2024 |
| Total Exports to China (USD mn) | 252.828 Feb 2024 | monthly | Jan 2013 - Feb 2024 |
| Total Imports from China (USD mn) | 3,434.292 Feb 2024 | monthly | Sep 1992 - Feb 2024 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 408.017 2022 | yearly | 1976 - 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.5 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Household Debt: % of GDP (%) | 11.7 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
| Non-Performing Loans (USD mn) | 6,290.680 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Money Supply M1 (USD mn) | 164,594.042 Feb 2024 | monthly | Dec 1963 - Feb 2024 |
| Money Supply M2 (USD mn) | 450,114.582 Feb 2024 | monthly | Dec 1976 - Feb 2024 |
| M2 Growth (%) | 62.1 Feb 2024 | monthly | Dec 1977 - Feb 2024 |
| Reserve Requirement Ratio (%) | 8.0 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 71,600.0 Feb 2024 | monthly | Apr 2000 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 7.776 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.6 Feb 2024 | monthly | Apr 2000 - Feb 2024 |
| Gold Reserves (USD mn) | 48,378.000 Jan 2024 | monthly | Dec 1956 - Jan 2024 |
| Total Deposits (USD mn) | 486,028.613 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Total Deposits Growth (%) | 60.4 Feb 2024 | monthly | Dec 2003 - Feb 2024 |
| Domestic Credit (USD mn) | 519,194.2 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Domestic Credit Growth (%) | 58.0 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
| Credit to Households (USD bn) | 93.089 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 512.544 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
| Household Debt (USD mn) | 89,667.2 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Total Loans (USD mn) | 324,417.133 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Total Loans Growth (%) | 53.42 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 33.94 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
| Money Supply: M3 (TRY th) | 14,588,900,986.000 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.545 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.6 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 392.630 Feb 2024 | monthly | Dec 1987 - Feb 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 103.500 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 88.554 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 120.433 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 113.301 Mar 2024 | monthly | Jan 2011 - Mar 2024 |
More Indicators for Turkey
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Investment Abroad: Direct: Flow: by Industry
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External Debt Outstanding: Annual
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