Current account balance in Turkey
Turkey: Current account balance was -10.41 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Turkey, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Turkey recorded -10.41 billion BoP, current US$ for current account balance in 2024.
That represents a change of up 74.9% on the previous year and up 67.6% over ten years.
Over the whole period, current account balance in Turkey peaked at 15.01 billion BoP, current US$ in 2019 and was at its lowest, -74.40 billion BoP, current US$, in 2011.
Turkey ranks 184th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.68 billion BoP, current US$ | -3.14 billion BoP, current US$ | -561.00 million BoP, current US$ | 6 |
| 1980s | -1.04 billion BoP, current US$ | -3.41 billion BoP, current US$ | 1.60 billion BoP, current US$ | 10 |
| 1990s | -1.35 billion BoP, current US$ | -6.43 billion BoP, current US$ | 2.63 billion BoP, current US$ | 10 |
| 2000s | -16.84 billion BoP, current US$ | -39.43 billion BoP, current US$ | 3.76 billion BoP, current US$ | 10 |
| 2010s | -32.05 billion BoP, current US$ | -74.40 billion BoP, current US$ | 15.01 billion BoP, current US$ | 10 |
| 2020s | -27.07 billion BoP, current US$ | -46.28 billion BoP, current US$ | -6.22 billion BoP, current US$ | 5 |
Countries ranked near Turkey
- 181 Poland -9.05 billion BoP, current US$ compare
- 182 France -9.24 billion BoP, current US$ compare
- 183 New Zealand -9.56 billion BoP, current US$ compare
- 185 Colombia -10.88 billion BoP, current US$ compare
- 186 Kazakhstan -12.45 billion BoP, current US$ compare
- 187 Egypt -13.94 billion BoP, current US$ compare
More economy & growth data for Turkey
- Manufacturing, value added 373.96 billion constant LCU (2024)
- Industry (including construction), value added 383.72 billion current US$ (2025)
- Manufacturing, value added 16.8% (2024)
- Households and NPISHs final consumption expenditure 54.7% (2025)
- Final consumption expenditure 1.10 trillion current US$ (2025)
- Final consumption expenditure 43.21 trillion current LCU (2025)
- Final consumption expenditure 1.11 trillion constant 2015 US$ (2025)
- Final consumption expenditure 3.4% (2025)
- Exports of goods and services 396.92 billion current US$ (2025)
- Gross national expenditure 100.2% (2025)
Frequently asked questions
- What is current account balance in Turkey?
- Current account balance in Turkey was -10.41 billion BoP, current US$ 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 Turkey?
- The highest recorded value was 15.01 billion BoP, current US$ in 2019.
- What is the lowest current account balance recorded in Turkey?
- The lowest recorded value was -74.40 billion BoP, current US$ in 2011.
- How does Turkey rank for current account balance?
- Turkey ranks 184th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Turkey?
- Over the last ten years it is up 67.6%. The long-run trend across the full record is volatile.
- Where does this Turkey 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 (BoP, current US$). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.