Türkiye’s Current Account Deficit Widens

(MENAFN) Türkiye recorded a current account shortfall of $25.2 billion last year, the Turkish Central Bank revealed on Friday. This figure represents a notable rise compared to the $10.4 billion deficit registered in 2024, according to official statistics.

Despite the overall annual deficit, the current account achieved a surplus in four out of the twelve months during the year. In 2025, the trade in goods generated a deficit totaling $69.7 billion, whereas the services sector delivered a substantial net surplus of $63.5 billion.

Meanwhile, primary income posted a net deficit of $18.5 billion, and secondary income recorded a shortfall of $528 million. In December 2025 alone, the current account reflected a $7.25 billion deficit.

Excluding gold and energy, the current account showed a comparatively limited net deficit of $691 million for December. During the same month, the goods balance produced a $7.44 billion deficit, while the services category achieved a surplus of $2.65 billion.

Assessing the latest figures, Turkish Finance Minister Mehmet Simsek emphasized that sustainable current account levels are being preserved despite difficult global economic circumstances.

"The annual current account deficit as a percentage of national income, which reached 5% in mid-2023, decreased to 0.8% in 2024. We expect this ratio to be 1.6% in 2025," Simsek wrote on Turkish social media platform NSosyal.

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