12-month current account deficit exceeded 45 billion dollars

The Central Bank of the Republic of Turkey (CBRT) published the statistics on the stability of payments for November.

In November, the current account deficit in the Turkish economy was 3.67 billion dollars.

According to the CBRT information, the 12-month current account deficit reached the highest level since August 2018 with 45 billion dollars.

The expectation of economists participating in the Bloomberg survey was that current account stability would yield a deficit of 4 billion dollars in November. In October, the current account stability had the lowest deficit of the year with 0.35 billion dollars due to the revision in tourism information.

In November, there was a deficit of 8.8 billion dollars in foreign trade stability.

According to the CBRT data, current account stability, excluding gold and power, gave a surplus of 5.3 billion dollars in November. Inflows stemming from services stability amounted to $3.68 billion. This pencil underNet revenues from the travel item were $2.65 billion.

Looking at the financial account, it was seen that net inflows arising from direct investments were recorded as 775 million dollars. Portfolio investments recorded a net inflow of $538 million.

-Data will be updated instantly