Services balance (credit less debit), Net (credits less debits) in Turkey
Turkey: Services balance (credit less debit), Net (credits less debits) was 61.99 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Turkey, 2005–2024
Source: International Monetary Fund.
Analysis
Turkey recorded 61.99 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 8.3% on the previous year and up 50.7% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Turkey peaked at 61.99 billion in 2024 and was at its lowest, 13.90 billion, in 2006.
Turkey ranks 5th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 15.87 billion | — |
| 2006 | 13.90 billion | -12.4% |
| 2007 | 14.09 billion | +1.4% |
| 2008 | 18.91 billion | +34.2% |
| 2009 | 18.73 billion | -1.0% |
| 2010 | 16.75 billion | -10.6% |
| 2011 | 20.29 billion | +21.2% |
| 2012 | 28.71 billion | +41.5% |
| 2013 | 39.90 billion | +39.0% |
| 2014 | 41.15 billion | +3.1% |
| 2015 | 35.94 billion | -12.7% |
| 2016 | 25.38 billion | -29.4% |
| 2017 | 31.63 billion | +24.6% |
| 2018 | 36.42 billion | +15.1% |
| 2019 | 42.77 billion | +17.4% |
| 2020 | 15.30 billion | -64.2% |
| 2021 | 32.84 billion | +114.6% |
| 2022 | 52.49 billion | +59.8% |
| 2023 | 57.27 billion | +9.1% |
| 2024 | 61.99 billion | +8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.30 billion | 13.90 billion | 18.91 billion | 5 |
| 2010s | 31.89 billion | 16.75 billion | 42.77 billion | 10 |
| 2020s | 43.98 billion | 15.30 billion | 61.99 billion | 5 |
Countries ranked near Turkey
More financial sector data for Turkey
- Net domestic credit (current LCU), per capita 365,380 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 19.64 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 42.15 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 913.08 million SDR (2025)
- Gold reserves at market value 83.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 46.67 billion SDR (2025)
- Reserves excluding gold 52.30 billion SDR (2025)
- Total reserves (gold at market value) 135.50 billion SDR (2025)
- Total reserves (gold at national valuation) 134.36 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,565 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Turkey?
- Services balance (credit less debit), net (credits less debits) in Turkey was 61.99 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Turkey?
- The highest recorded value was 61.99 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Turkey?
- The lowest recorded value was 13.90 billion in 2006.
- How does Turkey rank for services balance (credit less debit), net (credits less debits)?
- Turkey ranks 5th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Turkey?
- Over the last ten years it is up 50.7%. The long-run trend across the full record is rising.
- Where does this Turkey data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.