Current account balance (credit less debit), Net (credits less) in Turkey
Turkey: Current account balance (credit less debit), Net (credits less) was -10.19 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Turkey, 2005–2024
Source: International Monetary Fund.
Analysis
Turkey recorded -10.19 billion for current account balance (credit less debit), net (credits less debits) in 2024.
The figure is up 74.4% on the previous year and up 68.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Turkey peaked at 15.01 billion in 2019 and was at its lowest, -74.40 billion, in 2011.
Turkey ranks 185th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -20.98 billion | — |
| 2006 | -31.16 billion | +48.5% |
| 2007 | -36.95 billion | +18.6% |
| 2008 | -39.43 billion | +6.7% |
| 2009 | -11.36 billion | -71.2% |
| 2010 | -44.62 billion | +292.9% |
| 2011 | -74.40 billion | +66.7% |
| 2012 | -41.80 billion | -43.8% |
| 2013 | -49.33 billion | +18.0% |
| 2014 | -32.11 billion | -34.9% |
| 2015 | -21.35 billion | -33.5% |
| 2016 | -22.17 billion | +3.8% |
| 2017 | -35.15 billion | +58.5% |
| 2018 | -14.60 billion | -58.4% |
| 2019 | 15.01 billion | -202.8% |
| 2020 | -30.98 billion | -306.3% |
| 2021 | -6.22 billion | -79.9% |
| 2022 | -46.28 billion | +644.0% |
| 2023 | -39.88 billion | -13.8% |
| 2024 | -10.19 billion | -74.4% |
Turkey compared with similar countries
- Turkey's -10.19 billion is below the median for upper middle income countries, which is -494.28 million, 20.6× the median. (54 countries reporting)
- Turkey's -10.19 billion is below the median for Europe & Central Asia, which is -449.44 million, 22.7× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -644.0% | -6.22 billion | -46.28 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -27.97 billion | -39.43 billion | -11.36 billion | 5 |
| 2010s | -32.05 billion | -74.40 billion | 15.01 billion | 10 |
| 2020s | -26.71 billion | -46.28 billion | -6.22 billion | 5 |
Countries ranked near Turkey
- 182 Kazakhstan -7.94 billion compare
- 183 Indonesia -8.68 billion compare
- 184 Cote d'Ivoire -9.21 billion compare
- 186 Canada -10.35 billion compare
- 187 New Zealand -12.11 billion compare
- 188 Ukraine -15.14 billion compare
More financial sector data for Turkey
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.8 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.31 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.8 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Turkey?
- Current account balance (credit less debit), net (credits less debits) in Turkey was -10.19 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Turkey?
- The highest recorded value was 15.01 billion in 2019.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Turkey?
- The lowest recorded value was -74.40 billion in 2011.
- How does Turkey rank for current account balance (credit less debit), net (credits less debits)?
- Turkey ranks 185th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Turkey?
- Over the last ten years it is up 68.3%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.