Current Account Balance: Turkey
Turkey's current account balance is currently -1.3 % of GDP as of 2026. # Turkey Current Account Balance Turkey's current account balance stands at -1.
Current (2026)
-1.3 % of GDP
+7.1% y/y
Peak (2001)
1.9 % of GDP
Low (2011)
-8.8 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Turkey
1980 — 2026
Current Account Balance — Turkey
Analysis# Turkey Current Account Balance
Turkey's current account balance stands at -1.3% of GDP in 2026, reflecting a modest deficit after years of significant volatility. The country's peak surplus of 1.9% of GDP occurred in 2001, while its worst performance came in 2011 at -8.8% of GDP. Since 1980, Turkey's current account has deteriorated by 59.4 percentage points overall, indicating long-term structural pressures on its external finances.
The 2019 surplus of 1.9% marked Turkey's most recent positive performance, followed by sharp deficits in 2020 and 2022 reaching -4.2% and -5.0% respectively. Recovery has been gradual, with 2024 showing improvement at -0.8%. The projected trajectory through 2026 suggests stabilization around -1.3% of GDP, indicating Turkey will likely maintain modest external imbalances in the near term without returning to surplus conditions.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -1.3 % of GDP | +0.00% |
| 2029 | -1.3 % of GDP | +0.00% |
| 2028 | -1.3 % of GDP | -8.33% |
| 2027 | -1.2 % of GDP | +7.69% |
| 2026 | -1.3 % of GDP | +7.14% |
| 2025 | -1.4 % of GDP | -75.00% |
| 2024 | -0.8 % of GDP | +77.78% |
| 2023 | -3.6 % of GDP | +28.00% |
| 2022 | -5 % of GDP | -525.00% |
| 2021 | -0.8 % of GDP | +80.95% |
| 2020 | -4.2 % of GDP | -321.05% |
| 2019 | 1.9 % of GDP | +205.56% |
| 2018 | -1.8 % of GDP | +56.10% |
| 2017 | -4.1 % of GDP | -64.00% |
| 2016 | -2.5 % of GDP | +0.00% |
| 2015 | -2.5 % of GDP | +26.47% |
| 2014 | -3.4 % of GDP | +33.33% |
| 2013 | -5.1 % of GDP | -8.51% |
| 2012 | -4.7 % of GDP | +46.59% |
| 2011 | -8.8 % of GDP | -54.39% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -5.7 % of GDP | -235.29% |
| 2009 | -1.7 % of GDP | +66.00% |
| 2008 | -5 % of GDP | +7.41% |
| 2007 | -5.4 % of GDP | +3.57% |
| 2006 | -5.6 % of GDP | -36.59% |
| 2005 | -4.1 % of GDP | -17.14% |
| 2004 | -3.5 % of GDP | -45.83% |
| 2003 | -2.4 % of GDP | -700.00% |
| 2002 | -0.3 % of GDP | -115.79% |
| 2001 | 1.9 % of GDP | +152.78% |
| 2000 | -3.6 % of GDP | -800.00% |
| 1999 | -0.4 % of GDP | -157.14% |
| 1998 | 0.7 % of GDP | +170.00% |
| 1997 | -1 % of GDP | +0.00% |
| 1996 | -1 % of GDP | +0.00% |
| 1995 | -1 % of GDP | -166.67% |
| 1994 | 1.5 % of GDP | +157.69% |
| 1993 | -2.6 % of GDP | -550.00% |
| 1992 | -0.4 % of GDP | -200.00% |
| 1991 | 0.4 % of GDP | +130.77% |
| 1990 | -1.3 % of GDP | -285.71% |
| 1989 | 0.7 % of GDP | -46.15% |
| 1988 | 1.3 % of GDP | +285.71% |
| 1987 | -0.7 % of GDP | +50.00% |
| 1986 | -1.4 % of GDP | -27.27% |
| 1985 | -1.1 % of GDP | +35.29% |
| 1984 | -1.7 % of GDP | +26.09% |
| 1983 | -2.3 % of GDP | -109.09% |
| 1982 | -1.1 % of GDP | +42.11% |
| 1981 | -1.9 % of GDP | +40.63% |
| 1980 | -3.2 % of GDP | — |
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