Turkey Current Account Balance: % of GDP
Key information about Turkey Current Account Balance: % of GDP
- Turkey Current Account surplus accounted for 2.6 % of the country's Nominal GDP in Sep 2024, compared with a 1.5 % deficit in the previous quarter.
- Turkey Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Sep 2024, with an average value of -3.4 %.
- The data reached an all-time high of 6.2 % 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 surplus of 1.9 USD bn in Oct 2024.
- Foreign Direct Investment (FDI) increased by 770.0 USD mn in Oct 2024.
- Turkey Direct Investment Abroad expanded by 434.0 USD mn in Sep 2024.
- Its Foreign Portfolio Investment increased by 9.3 USD bn in Sep 2024.
- 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 Sep 2024 in the chart:
What was Turkey's Current Account Balance: % of GDP in Sep 2024?
Turkey Current Account surplus accounted for 2.6 % of the country's Nominal GDP in Sep 2024, compared with a 1.5 % deficit in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
2.6 Sep 2024 | -1.5 Jun 2024 | -11.4 Mar 2011 | 6.2 Sep 2019 | % | quarterly | Mar 1998 - Sep 2024 |
Current Account Balance: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 5.4 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Algeria (%) | -0.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
Argentina (%) | 0.8 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Armenia (%) | -3.7 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
Australia (%) | -2.1 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
Austria (%) | 1.3 Sep 2024 | quarterly | Mar 1970 - Sep 2024 |
Azerbaijan (%) | 6.8 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Belgium (%) | -1.1 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Bolivia (%) | 0.7 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | -0.7 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Brazil (%) | -3.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | 5.7 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Canada (%) | -0.4 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
Chile (%) | -3.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
China (%) | 3.2 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
Colombia (%) | -1.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Croatia (%) | -5.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Cyprus (%) | -0.3 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Czech Republic (%) | -0.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Denmark (%) | 15.2 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Ecuador (%) | 4.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 3.8 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Finland (%) | 3.4 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Georgia (%) | 0.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Germany (%) | 5.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Greece (%) | 1.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Hong Kong SAR, China (%) | 14.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Hungary (%) | 1.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Iceland (%) | 3.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
India (%) | -1.2 Sep 2024 | quarterly | Jun 2004 - Sep 2024 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | 16.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Israel (%) | 2.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Italy (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -6.1 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
South Korea (USD mn) | 7,614.6 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
Kosovo (%) | 8.5 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Kuwait (%) | 31.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
Latvia (%) | -4.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
Lithuania (%) | 2.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Luxembourg (%) | 10.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Macau SAR, China (%) | 31.4 2023 | yearly | 2002 - 2023 |
North Macedonia (%) | 6.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Malawi (%) | -17.0 2023 | yearly | 1977 - 2023 |
Malaysia (%) | 0.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Malta (%) | 7.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mauritius (%) | -6.8 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mexico (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Moldova (%) | -17.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Mongolia (%) | -14.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Montenegro (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
Netherlands (%) | 9.5 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
New Zealand (%) | -5.8 Sep 2024 | quarterly | Jun 1987 - Sep 2024 |
Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Norway (%) | 18.1 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | 3.9 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Paraguay (%) | -3.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Peru (%) | 2.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 0.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Portugal (%) | 4.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Qatar (%) | 20.5 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Romania (%) | -9.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Russia (%) | 1.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
Saudi Arabia (%) | -3.3 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
Serbia (%) | -10.3 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Singapore (%) | 18.7 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
Slovakia (%) | -2.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Slovenia (%) | 6.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | -1.0 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Spain (%) | 4.0 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Sri Lanka (%) | 1.2 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 6.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Switzerland (%) | 3.0 Sep 2024 | quarterly | Mar 1983 - Sep 2024 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doTurkey Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.0 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
Consolidated Fiscal Balance (USD mn) | -971.800 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Tax Revenue (USD mn) | 23,824.103 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Tax Revenue: % of GDP (%) | 16.1 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
Government Debt: % of GDP (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
Forecast: Government Expenditure (TRY bn) | 40,421.476 2029 | yearly | 2000 - 2029 |
Forecast: Government Net Debt (TRY bn) | 32,432.832 2029 | yearly | 2000 - 2029 |
Forecast: Government Revenue (TRY bn) | 36,604.966 2029 | yearly | 2000 - 2029 |
General Budget: Revenue (TRY mn) | 932,770.130 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
General Budget: Expenditure (TRY mn) | 994,990.060 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
General Budget: Cash Balance (TRY mn) | -62,219.930 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
General Budget: ytd: Revenue (TRY th) | 7,618,404,307.406 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 442,126,776.060 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: Revenue: Tax: Direct (TRY th) | 2,290,824,265.626 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: Balance (TRY th) | -1,320,959,722.545 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: Expenditure (EX) (TRY th) | 8,939,364,029.950 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: Revenue: Tax (TRY th) | 6,597,108,972.372 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 3,783,551,890.205 Nov 2024 | monthly | Jan 2006 - Nov 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) | 3,832,265.952 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 1,443,044.753 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 806,223.291 2023 | yearly | 1995 - 2023 |
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) | 2,460,947.731 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 2,964,157.172 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 1,562.076 Oct 2024 | monthly | Apr 1964 - Oct 2024 |
Total Imports from USA (USD mn) | 1,278.154 Oct 2024 | monthly | Apr 1964 - Oct 2024 |
Total Exports to China (USD mn) | 316.768 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
Total Imports from China (USD mn) | 3,627.985 Nov 2024 | monthly | Sep 1992 - Nov 2024 |
Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
Natural Gas: Annual: Production (Cub m mn) | 851.970 2023 | yearly | 1976 - 2023 |
Export Value Index (2015=100) | 149.169 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 127.060 2021 | yearly | 1980 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.8 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
Household Debt: % of GDP (%) | 10.3 Jun 2024 | quarterly | Dec 2014 - Jun 2024 |
Non-Performing Loans (USD mn) | 8,271.936 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
Money Supply M1 (USD mn) | 175,326.921 Nov 2024 | monthly | Dec 1963 - Nov 2024 |
Money Supply M2 (USD mn) | 491,213.217 Nov 2024 | monthly | Dec 1976 - Nov 2024 |
M2 Growth (%) | 30.2 Nov 2024 | monthly | Dec 1977 - Nov 2024 |
Reserve Requirement Ratio (%) | 8.0 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
Foreign Exchange Reserves (USD mn) | 85,416.0 Nov 2024 | monthly | Apr 2000 - Nov 2024 |
Foreign Exchange Reserves: % of GDP (%) | 6.497 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 2.9 Nov 2024 | monthly | Apr 2000 - Nov 2024 |
Gold Reserves (USD mn) | 67,375.000 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
Total Deposits (USD mn) | 525,236.009 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
Total Deposits Growth (%) | 28.6 Nov 2024 | monthly | Dec 2003 - Nov 2024 |
Domestic Credit (USD mn) | 570,561.5 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
Domestic Credit Growth (%) | 37.5 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
Debt Service Ratio: Private Non-Financial Sector (%) | 35.400 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Credit to Households (USD bn) | 104.846 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
Credit to Private Non-Financial Sector (USD bn) | 556.651 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
Household Debt (USD mn) | 103,991.9 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
Total Loans (USD mn) | 367,301.734 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
Total Loans Growth (%) | 37.74 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
Private Debt: % of Nominal GDP (%) | 29.57 Sep 2024 | quarterly | Dec 1998 - Sep 2024 |
Money Supply: M3 (TRY th) | 18,864,400,909.000 Nov 2024 | monthly | Dec 2005 - Nov 2024 |
Consumer Loans: BS: Non Performing (TRY mn) | 51,944.967 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 1,945,198.159 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
Consumer Loans: BS: Loan: Housing (TRY mn) | 496,122.301 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.802 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.7 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
Composite Leading Indicator Index: Trend Restored (NA) | 396.330 Nov 2024 | monthly | Dec 1987 - Nov 2024 |
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.700 Dec 2024 | monthly | Jan 2007 - Dec 2024 |
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 113.017 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 113.603 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 89.440 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
More Indicators for Turkey
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