Turkey recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in Turkey averaged -2.45 percent of GDP from 1980 until 2022, reaching an all time high of 1.90 percent of GDP in 2001 and a record low of -9.00 percent of GDP in 2011. source: Central Bank of the Republic of Turkey
Current Account to GDP in Turkey is expected to reach -3.10 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Current Account to GDP is projected to trend around -2.80 percent of GDP in 2025 and -2.50 percent of GDP in 2026, according to our econometric models.