Turkey's current account deficit stands at USD 2,364 million in September

“The current account posted USD 2,364 million deficit compared to USD 2,828 million surplus observed in the same month of 2019, bringing the 12-month rolling deficit to USD 27,539 million,” the statement said.

The statement noted that this development is mainly driven by the net outflow of USD 3,709 million in the goods item increasing by USD 3,044 million, as well as the net inflow of USD 1,692 million in services item decreasing by USD 2,869 million compared to the same month of the previous year.

Gold and energy excluded current account indicated USD 3,236 million surplus, in comparison to USD 6,046 million surplus observed in the same month of the previous year, according to the statement.

“Travel item under services recorded a net inflow of USD 1,555 million, decreasing by USD 1,916 million compared to the same month of the previous year. Primary income recorded net outflow of USD 544 million decreasing by USD 615 million compared to the same month of the previous year. Secondary income recorded net inflow of USD 197 million increasing by USD 106 million compared to the same month of the previous year,” the statement added. (ILKHA)