Breaking News

Turkey Current Account (USD)

Latest Release

Oct 11, 2024

Actual

4.32B

0.57B

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
Nov 12, 2024 (Sep)	07:00			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
Jun 10, 2024 (Apr)	07:00	-5.29B	-6.10B	-4.54B

Analysis

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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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