Current account balance in Türkiye
Türkiye: Current account balance was -0.8% in 2024. ◆ Volatile
Current account balance in Türkiye, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, current account balance in Türkiye stood at -0.8%.
Compared with earlier readings it is up 78.9% on the previous year and up 77.5% over ten years.
Over the whole period, current account balance in Türkiye peaked at 2.0% in 1994 and was at its lowest, -8.8%, in 2011.
Türkiye ranks 93rd of 200 countries on this measure, 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 in Türkiye, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | -1.6% | — |
| 1975 | -3.6% | +125.9% |
| 1976 | -3.9% | +10.2% |
| 1977 | -5.4% | +35.7% |
| 1978 | -1.9% | -64.1% |
| 1979 | -1.6% | -17.8% |
| 1980 | -5.0% | +214.1% |
| 1981 | -2.7% | -45.1% |
| 1982 | -1.5% | -45.6% |
| 1983 | -3.1% | +110.4% |
| 1984 | -2.4% | -22.8% |
| 1985 | -1.5% | -37.2% |
| 1986 | -1.9% | +28.5% |
| 1987 | -0.9% | -52.3% |
| 1988 | 1.8% | -290.0% |
| 1989 | 0.9% | -50.1% |
| 1990 | -1.7% | -299.0% |
| 1991 | 0.2% | -109.5% |
| 1992 | -0.6% | -469.8% |
| 1993 | -3.6% | +482.5% |
| 1994 | 2.0% | -156.5% |
| 1995 | -1.0% | -149.5% |
| 1996 | -1.0% | -2.3% |
| 1997 | -1.0% | +2.7% |
| 1998 | 0.7% | -172.5% |
| 1999 | -0.4% | -149.7% |
| 2000 | -3.6% | +901.9% |
| 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 | -3.6% | -27.3% |
| 2024 | -0.8% | -78.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -3.0% | -5.4% | -1.6% | 6 |
| 1980s | -1.6% | -5.0% | 1.8% | 10 |
| 1990s | -0.6% | -3.6% | 2.0% | 10 |
| 2000s | -3.0% | -5.6% | 1.9% | 10 |
| 2010s | -3.7% | -8.8% | 1.9% | 10 |
| 2020s | -2.9% | -5.0% | -0.7% | 5 |
Countries ranked near Türkiye
More economy & growth data for Türkiye
- Imports of goods and services (current US$), annual growth rate 9.06 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2509 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 4,666 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 31.17 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 9.9 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 184,082 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.93 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.1941 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 3,610 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -151.4 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Türkiye?
- Current account balance in Türkiye was -0.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Türkiye?
- The highest recorded value was 2.0% in 1994.
- What is the lowest current account balance recorded in Türkiye?
- The lowest recorded value was -8.8% in 2011.
- How does Türkiye rank for current account balance?
- Türkiye ranks 93rd out of 200 countries with data for 2024.
- Is current account balance rising or falling in Türkiye?
- Over the last ten years it is up 77.5%. The long-run trend across the full record is volatile.
- Where does this Türkiye data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.