empty
 
 

2020.07.1311:32:00UTC+00Turkey Current Account Balance Swing To Deficit

Turkey's current account balance swung to deficit in May from last year, data from the central bank showed on Monday.

The current account registered a deficit of $3.76 billion in May versus a surplus of $1.07 billion in the same period last year. In April, the current account deficit was $5.09 billion.

The goods deficit increased by $2.38 billion with a net outflow of $2.73 billion and services logged a net outflow of $33 million versus an inflow of $2.91 billion in the same month last year.

Investment income under primary income item posted a net outflow of $920 million in May, and the secondary income account recorded a net outflow of $28 million.

The capital account deficit was $4 billion in May. At the same time, the financial account deficit was $7.31 billion versus a surplus of $2.61 billion in the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback