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

InternationalTurkey Earthquake: Videos Show Buildings Shaking as 6.1-Magnitude Quake Jolts Sindirgi; 22 Injured

InternationalTurkey: 2 Cops Killed After 16-Year-Old Opens Fire at Police Station in Izmir; Shooting Captured on Camera

MumbaiMumbai and Ahmedabad Airports Terminate Celebi's Ground Handling Contracts After Security Clearance Revoked

PuneMaharashtra: CM Devendra Fadnavis Backs Pune Traders in Boycott Turkey Campaign After Threats (Watch Video)

MaharashtraMaharashtra Deputy CM Eknath Shinde Reacts on Boycott of Turkey and Azerbaijan

Politics Realted Stories

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency

NationalBihar Assembly Election Results 2025: Tejashwi Yadav Leads, Tej Pratap Trails in Early Trends

NationalTarn Taran Assembly By-Election 2025: 23.05% Voter Turnout Recorded Till 11 AM in Punjab By-Poll

MaharashtraWho Is Akshaya Naik? Shetkari Kamgar Paksha Named Mayoral Candidate of Alibag