Current Account Data of the Central Bank of the Republic of Turkey
According to the balance of payments data announced by the Central Bank of the Republic of Turkey, the current account had a surplus of $407 million in June 2024. This situation draws attention as the last time the current account had a surplus was in September 2023.
The foreign trade deficit defined within the scope of the balance of payments was recorded as 4 billion 139 million dollars in June. The developments experienced during this period were an important indicator of the dynamics in Turkey’s international trade.
Net Inflows in the Balance of Services
During this period, net inflows from the balance of services amounted to 5 billion 603 million dollars. Net revenues, especially from the travel item, reached 4 billion 790 million dollars. These figures reveal the important role of the tourism sector in the country’s economy.
Situation in Some Other Items
- Primary income balance: A net outflow of 1 billion 55 million dollars was recorded.
- Secondary income balance: There was a net outflow of 2 million dollars.
These data provide a detailed overview of Turkey’s current account balance and developments in the services sector, which are important for sustainability.
