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Turkey Current Account to GDP
Turkey recorded a Current Account deficit of 1.70 percent of the country's Gross Domestic Product in 2021. Current Account to GDP in Turkey averaged -2.39 percent of GDP from 1980 until 2021, reaching an all time high of 1.90 percent of GDP in 2001 and a record low of -8.90 percent of GDP in 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
https://tradingeconomics.com/turkey/current-account-to-gdp
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