Türkiye's current account balance sees 1st surplus in 9 months
According to data released by the Central Bank of Türkiye, Türkiye’s current account balance recorded a $407 million surplus in June, the first in nine months, reversing a $1.02 billion deficit in May. The surplus, excluding gold and energy, was $4.5 million, with a $4.14 billion goods deficit offset by a $5.6 billion services surplus. The current account deficit for January-June totaled $16.5 billion.
- Economy
- Anadolu Agency
- Published Date: 11:01 | 13 August 2024
- Modified Date: 11:02 | 13 August 2024
Türkiye's current account balance registered a surplus of $407 million in June, marking the first surplus in nine months, according to Central Bank data released on Monday.
The figure represents a shift from an upwardly revised $1.02 billion deficit in May and an increase from the $768 million surplus recorded in June 2023, the data showed.
Excluding gold and energy, the current account posted a surplus of $4.5 million for the month, the Central Bank reported.
The goods deficit for June amounted to $4.14 billion, while the services sector saw a net surplus of $5.6 billion. Within the services sector, the travel category contributed a net inflow of $4.8 billion.
For the January-June period, the current account balance recorded a $16.5 billion deficit.