Tuesday, 02 January 2024 12:17 GMT

Türkiye’s March Current Account Gap Reaches USD9.6 Billion


(MENAFN) According to the Central Bank of the Republic of Türkiye (CBRT), Türkiye registered a current account shortfall amounting to $9.6 billion in March. The institution reported on Wednesday that the current account, when excluding gold and energy, reflected a net deficit totaling $3.9 billion, whereas the trade in goods generated a $9.5 billion gap.

Meanwhile, the services sector delivered a positive balance of $2.6 billion during March, helping to partially offset the broader external imbalance.

The bank further explained that, based on annualized figures, the country’s current account deficit stood at $39.7 billion in March. During the same timeframe, the goods balance produced a deficit of $77.8 billion.

Additionally, the services category achieved a net surplus of $63 billion over the annualized period. In contrast, primary and secondary income accounts posted net deficits of $23.8 billion and $1.1 billion, respectively.

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