Current account balance as a proportion of GDP (%) in Turkey
Turkey: Current account balance as a proportion of GDP (%) was -0.7% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Turkey, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Turkey is -0.7%, measured in 2024.
That represents a change of up 78.5% on the previous year and up 78.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Turkey peaked at 1.9% in 2019 and was at its lowest, -8.8%, in 2011.
That places Turkey 97th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.6% | — |
| 2001 | 1.9% | -151.5% |
| 2002 | -0.3% | -114.0% |
| 2003 | -2.4% | +821.2% |
| 2004 | -3.5% | +44.5% |
| 2005 | -4.1% | +19.2% |
| 2006 | -5.6% | +34.9% |
| 2007 | -5.4% | -3.2% |
| 2008 | -5.1% | -5.7% |
| 2009 | -1.7% | -65.8% |
| 2010 | -5.7% | +228.3% |
| 2011 | -8.8% | +54.6% |
| 2012 | -4.7% | -46.4% |
| 2013 | -5.1% | +8.6% |
| 2014 | -3.4% | -33.5% |
| 2015 | -2.5% | -27.6% |
| 2016 | -2.5% | +3.2% |
| 2017 | -4.1% | +59.8% |
| 2018 | -1.9% | -54.5% |
| 2019 | 1.9% | -204.5% |
| 2020 | -4.2% | -318.2% |
| 2021 | -0.7% | -82.5% |
| 2022 | -5.0% | +574.8% |
| 2023 | -3.5% | -30.1% |
| 2024 | -0.7% | -78.5% |
Turkey compared with similar countries
- Turkey's -0.7% is above the median for upper middle income countries, which is -2.1%, 36% of the median. (53 countries reporting)
- Turkey's -0.7% is below the median for Europe & Central Asia, which is -0.7%, 1.1× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -821.2% | -0.3% | -2.4% |
| 2022 | -574.8% | -0.7% | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.0% | -5.6% | 1.9% | 10 |
| 2010s | -3.7% | -8.8% | 1.9% | 10 |
| 2020s | -2.8% | -5.0% | -0.7% | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Real gdp growth, annual growth rate 8.32 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 5.04 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 87.93 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.0288 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 64.2 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0039 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 72.49 units per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Turkey?
- Current account balance as a proportion of gdp in Turkey was -0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Turkey?
- The highest recorded value was 1.9% in 2019.
- What is the lowest current account balance as a proportion of gdp recorded in Turkey?
- The lowest recorded value was -8.8% in 2011.
- How does Turkey rank for current account balance as a proportion of gdp?
- Turkey ranks 97th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Turkey?
- Over the last ten years it is up 78.0%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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