Economy of Pakistan

Turkey's current account deficit stood at $4.27 billion in December 2016, down by $784 million compared to the same month in 2015, an official data showed on Feb. 14. 

Considering the full year of 2016, the current account deficit was announced $32.61 billion with a slight increase from $32.12 billion in 2015, according to the Central Bank data. 

Turkey's current account deficit has widened and is standing at $1.68 billion in October, up by almost $1.33 billion year-on-year, the Central Bank stated on Dec. 12. 

The Bank cited a fall in income from tourism and foreign trade for the decline.         

Turkish exports fell by 3 percent year-on-year in October while imports rose by 0.5 percent over the same period, the Turkish Statistical Institute (TÜİK) said on Nov. 30.

The monthly trade deficit rose by 13.2 percent to $4.16 billion.      

Exports for October were valued at $12.84 billion and the country imported goods and services worth $17 billion.      

Turkey's current account deficit stood at $1.7 billion in September, an increase from a $167 million surplus in the same month of 2015.

The Central Bank stated on Nov. 11 that this was due to a decline in income from tourism and an increase in imports.        

Turkey's current account deficit has widened, standing at $1.78 billion in August, up almost by $2 billion year-on-year, due to a decline in income from tourism and imports, the Central Bank said in a report on Oct. 12.
The 12-month rolling deficit rose to $31.02 billion, up from $29 billion in July, according to the report.  
      

The value of Turkey's exports dropped by 2.8 percent in April to $11.4 billion from the same period last year due to a decline in export prices, the Turkish Exporters' Assembly (T?M) stated in the Mediterranean resort of Antalya on May 1.

Turkey's current account deficit fell to $2.22 billion in January, a drop of $216 million compared to the same month last year, the Central Bank stated on March 10.

Turkey's exports declined by 10.5 percent in November to $11.44 billion year on year amid dramatic fluctuations in euro-dollar parity and geopolitical risks, according to temporary data revealed by the Exporters' Assembly of Turkey (T?M) on Dec. 1. 

Turkey's foreign trade deficit declined by 46.6 percent to $3.7 billion in September compared to the same month of 2014 due to a dramatic decline in the country's energy imports and a slowdown in the economy ahead of the elections, according to data released by the Turkish Statistics Agency (TÜ?K) on Oct. 30 in cooperation with the Customs and Trade Ministry. 

Turkey?s current account deficit narrowed to the lowest level of the last six years in August to $163 million amid a slowing down in the economy and a sharp decrease in the foreign trade gap. 

The country?s foreign trade deficit was announced as $4.9 billion in August, a decrease of around 40 percent from the same month in 2014 due to a plunge in oil and a rise in car exports.