Turkey’s Current Account Deficit Narrows in March 2025
(MENAFN) In March 2025, Turkey’s current account revealed a shortfall of USD4.08 billion, as announced by the Central Bank on Tuesday.
This figure marks a slight improvement from the USD4.12 billion gap reported during the same month a year earlier, based on the bank’s official statistics.
The merchandise sector contributed to the overall imbalance with a deficit of USD4.84 billion.
In contrast, the services industry generated a positive balance, showing a net excess of USD2.67 billion during the same timeframe.
When excluding the influence of gold and energy transactions, the current account showed a net positive balance of USD1.47 billion in March, highlighting a more favorable economic outlook in areas unaffected by volatile commodities.
Looking at the broader picture, the cumulative current account shortfall for the first quarter of 2025 reached USD12.28 billion.
This includes a goods deficit amounting to USD15.8 billion and a services surplus totaling USD8 billion.
On a rolling 12-month basis as of March, the current account deficit stood at USD12.6 billion.
During this annual period, the goods sector recorded a USD58.1 billion shortfall, whereas services continued to perform strongly, yielding a USD61.8 billion surplus.
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