Türkiye sees current account surplus of $1.9B in October
Türkiye's current account balance recorded a surplus of $1.88 billion in October, with a net surplus of $7.16 billion excluding gold and energy. The services sector saw a strong inflow of $6.45 billion, driven by a $5.1 billion boost from travel.
- Economy
- Anadolu Agency
- Published Date: 11:21 | 12 December 2024
- Modified Date: 11:23 | 12 December 2024
Türkiye's current account balance posted a surplus of $1.88 billion in October, the Central Bank of the Republic of Türkiye (CBRT) released in a statement on Thursday.
Gold and energy excluded current account balance also saw a net surplus of $7.16 billion, the bank noted.
In the month, goods deficit recorded $3.5 billion, while services saw a net inflow of $6.45 billion; travel item, under services, recorded a net inflow of $5.1 billion.
Primary income recorded a net outflow of $1.05 billion and secondary income recorded net inflow of $20 million.
Direct investment recorded net outflow of $204 million.
The country's current account posted a surplus of $3 billion in September, while the annualized current account deficit was at $9.65 billion.