Goods balance (credit less debit), Net (credits less debits) (US) in Turkey
Turkey: Goods balance (credit less debit), Net (credits less debits) (US) was -56.38 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Turkey, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Turkey is -56.38 billion, measured in 2024.
That represents a change of up 34.7% on the previous year and up 15.3% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Turkey peaked at -16.78 billion in 2019 and was at its lowest, -89.59 billion, in 2022.
Turkey ranks 193rd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -32.94 billion | — |
| 2006 | -40.89 billion | +24.2% |
| 2007 | -46.83 billion | +14.5% |
| 2008 | -52.92 billion | +13.0% |
| 2009 | -24.76 billion | -53.2% |
| 2010 | -56.33 billion | +127.5% |
| 2011 | -89.16 billion | +58.3% |
| 2012 | -65.37 billion | -26.7% |
| 2013 | -81.89 billion | +25.3% |
| 2014 | -66.57 billion | -18.7% |
| 2015 | -49.01 billion | -26.4% |
| 2016 | -39.92 billion | -18.5% |
| 2017 | -58.58 billion | +46.7% |
| 2018 | -40.73 billion | -30.5% |
| 2019 | -16.78 billion | -58.8% |
| 2020 | -37.87 billion | +125.7% |
| 2021 | -29.32 billion | -22.6% |
| 2022 | -89.59 billion | +205.5% |
| 2023 | -86.28 billion | -3.7% |
| 2024 | -56.38 billion | -34.7% |
Turkey compared with similar countries
- Turkey's -56.38 billion is below the median for upper middle income countries, which is -778.45 million, 72.4× the median. (54 countries reporting)
- Turkey's -56.38 billion is below the median for Europe & Central Asia, which is -3.17 billion, 17.8× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -39.67 billion | -52.92 billion | -24.76 billion | 5 |
| 2010s | -56.43 billion | -89.16 billion | -16.78 billion | 10 |
| 2020s | -59.89 billion | -89.59 billion | -29.32 billion | 5 |
Countries ranked near Turkey
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 goods balance (credit less debit), net (credits less debits) in Turkey?
- Goods balance (credit less debit), net (credits less debits) in Turkey was -56.38 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Turkey?
- The highest recorded value was -16.78 billion in 2019.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Turkey?
- The lowest recorded value was -89.59 billion in 2022.
- How does Turkey rank for goods balance (credit less debit), net (credits less debits)?
- Turkey ranks 193rd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Turkey?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is falling.
- Where does this Turkey data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.