Breaking News

Turkey Current Account (USD)

Latest Release

Nov 12, 2024

Actual

2.99B

Forecast

2.85B

4.32B

The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: - (BOP) TRADE BALANCE: Export f.o.b. less Imports c.i.f. - (BOP) GENERAL GOVERNMENT: This covers all government current expenditure and receipts not appropriated to trade balance or to other transactions. - (BOP) TRANSPORT: Sea Transport and Civil Aviation: Receipts and payments for passenger fares, freight, charter hire, passage money, oil bunkers, airport charges and other disbursements. - (BOP) TRAVEL: The net value of Personal expenditure from tourism. - (BOP) FINANCIALS AND OTHER SERVICES - (BOP) INTEREST, PROFITS, AND DIVIDENDS - (BOP) TRANSFERS

Importance:

Country:

Currency: TRY

Source: Central Bank of the Republic o...

Release Date	Time	Actual	Forecast	Previous
Dec 12, 2024 (Oct)	07:00			2.99B
Nov 12, 2024 (Sep)	07:00	2.99B	2.85B	4.32B
Oct 11, 2024 (Aug)	07:00	4.32B		0.57B
Sep 12, 2024 (Jul)	07:00	0.57B	0.55B	0.41B
Aug 13, 2024 (Jun)	07:00	0.41B	-0.50B	-1.02B
Jul 12, 2024 (May)	07:00	-1.24B	-1.50B	-5.29B

Analysis

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Trump's pessimistic remarks on trade and North Korea spark global equity market selling South Korean shares buck the trend as strong corporate performance overshadows mounting political risk Japanese...

End Of CBT Independace - Bye Bye TRY By Peter Rosenstreich - May 17, 2018

The Turkish Lira was swinging in a precarious position after losing over 21% against the USD since the start of the year.Geopolitical and domestic uncertainties, real interest rates are negative, and...

Turkey Current Account Deficit Deepens By Swissquote Ltd - May 14, 2018

By Vincent MivelazAfter announcing its withdrawal from the Iran deal last Tuesday, the United States' decision caused further uncertainty in the Middle East region. The diplomatic confrontation...

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