Financial News: Turkey Current Account Deficit Narrows Slightly

Turkey Current Account Deficit Narrows Slightly

05/13/2025 - 05:01:00 (RTTNews)

(RTTNews) - Turkey's current account deficit decreased marginally in March from a year ago, according to data published by the Central Bank of the Republic of Turkey on Tuesday.

The current account shortfall dropped to $4.087 billion from $4.123 billion in the corresponding month last year.

The current account, excluding gold and energy, indicated a net surplus of $1.47 billion in March.

The deficit on trade in goods totalled $4.84 billion, down from the $5.04 billion shortfall a month ago, as exports grew faster than imports. Meanwhile, the surplus on services trade shrank to $2.67 billion from $2.74 billion.

Primary income showed a shortfall of $1.9 billion, widened from the previous year's $1.63 billion deficit. At the same time, the secondary income showed a shortfall of $19.0 million versus a $206 million deficit last year.

According to annualized data, the current account deficit was recorded as $12.6 billion in March, while the goods deficit was recorded as $58.1 billion

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: Germany Inflation & Retail Sales Data Due (22 min(s), 43 sec(s) ago)
(RTTNews) - Flash inflation and retail sales from Germany and revised GDP and mortgage approvals f ...Full Story»

Japan Industrial Output Adds 0.5% In May (31 min(s), 17 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 0.5 percent on month in Ma ...Full Story»

South Korea Industrial Output Sinks 2.9% In May (50 min(s), 17 sec(s) ago)
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 2.9 percent on mon ...Full Story»

Japan Industrial Output Data Due On Monday (42 min(s), 17 sec(s) ago)
(RTTNews) - Japan will on Monday release preliminary May numbers for industrial production, highli ...Full Story»

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June (43 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates (19 min(s), 17 sec(s) ago)
(RTTNews) - While the Commerce Department released a closely watched report on Friday showing cons ...Full Story»

Brazil Jobless Rate Falls To 6.2% (15 min(s), 17 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending in May, figures fr ...Full Story»

Turkish Economic Confidence Steady At 96.7 (56 min(s), 17 sec(s) ago)
(RTTNews) - Turkey's economic sentiment remained stable in June after rising marginally in the ...Full Story»