Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Turkey's current account posts $3.16B surplus in October

by Anadolu Agency

ANKARA Dec 13, 2021 - 11:18 am GMT+3
An illustration of one U.S. dollar banknote, Nov. 23, 2021. (Murad Sezer via Reuters)
An illustration of one U.S. dollar banknote, Nov. 23, 2021. (Murad Sezer via Reuters)
by Anadolu Agency Dec 13, 2021 11:18 am

Turkey’s current account has recorded a $3.16 billion (TL 45.2 billion) surplus for October with a boost in exports and recovery in tourism revenues, the Central Bank of Turkey (CBRT) announced Monday, as the 12-month rolling deficit totaled $15.4 billion.

Turkey's current account balance in October showed a surplus, improving from a $93 million deficit in October 2020, said the central bank.

"This development is mainly driven by the net inflow of $146 million in the goods item, against the deficit of $1.3 billion observed in October of last year and the net inflow of $3.9 billion in services item increasing by $1.8 billion," the bank said.

The main reading was above market expectation of a $2.32 billion surplus for the month.

Gold and energy excluded current account indicated a surplus of some $7.7 billion, more than double from $3.1 billion a year ago, it added.

Travel item, under services, recorded a net inflow of $3 billion, up by $1.3 billion year-over-year, while direct investment recorded a net inflow of $337 million.

An Anadolu Agency (AA) survey last week showed that a group of 12 economists projected the current account balance would post a surplus of $2.32 billion in October.

The end-2021 current account balance was expected to register a deficit of $15.3 billion, with estimates ranging between $10.5 billion and $20 billion.

In September, the country's current account surplus was $1.65 billion.

  • shortlink copied
  • Last Update: Dec 13, 2021 5:59 pm
    KEYWORDS
    current account turkey turkish economy exports tourism turkish central bank
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Oprah Winfrey
    Rich's wealth tires poor's jaw: Forbes lists 2022's billionaires
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021