Turkiye’s current account deficit at $7.9 Billion in May

Goods deficit at $10.5B, services see surplus of $3.9B in May, official data shows

Turkiye’s current account balance posted a deficit of $7.9 billion in May, the country’s Central Bank announced Tuesday.

The gap widened from $5.4 billion in April and $5.8 billion in May 2022, the bank’s data showed.

The gold- and energy-excluded current account saw a $1.3-billion deficit in the month, the bank said.

The goods deficit came in at $10.5 billion in May, while the services sector recorded a net surplus of $3.9 billion in the month. Under the service sector,travel had a net inflow of $3.1 billion in May.

In January-May, the current account balance registered a $37.7 billion deficit.


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