City
Epaper

Turkey's current account deficit hits nearly $9.85 bn in Jan

By IANS | Updated: March 14, 2023 04:05 IST

Ankara, March 14 Turkey's central bank has said the country's current account deficit reached nearly $9.85 billion in ...

Open in App

Ankara, March 14 Turkey's central bank has said the country's current account deficit reached nearly $9.85 billion in January, following a rapid increase in gold imports and soaring energy import bills.

The central bank's statistics on Monday showed that excluding gold and energy, the current account has a net surplus of $2.6 billion in January.

Among items constituting the current account balance, foreign trade in goods recorded a deficit of $12.43 billion, while the services registered a net surplus of $3.16 billion, Xinhua news agency reported.

Under trade in services, travel item showed a surplus of $2.45 billion.

The current account deficit in January beats the record $9. 41 billion deficit in March 2011, according to official statistics.

Meanwhile, Turkey's 12-month rolling deficit widened to $51.7 billion in January, the highest level since February 2014.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: XinhuaTurkeyAnkaraTurkiye
Open in App

Related Stories

InternationalTurkish Warship Docks in Karachi Amid India-Pakistan Tensions Following Pahalgam Terror Attack

NationalMumbai-Bound Virgin Atlantic Flight Stuck at Turkish Military Airport With Over 250 Flyers

NationalMumbai-London Atlantic Flight Makes Emergency Landing, More Than 200 Indian Flyers Stuck in Turkey With No Aid

InternationalTurkey Hotel Fire: 10 Dead, 32 Injured in Devastating Blaze At Ski Resort

InternationalTurkey Terrorist Attack: 5 Killed, 22 Injured in Blast, Firing on TUSAS Aerospace Company Headquarters

Politics Realted Stories

MaharashtraPower Struggle in Maharashtra? Gulabrao Deokar, Satish Patil Join Ajit Pawar’s NCP Amid Mahayuti Rift

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill