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

InternationalIraq Resumes Oil Exports via Kurdish Pipeline Amid West Asia War and Supply Crisis

InternationalTurkey Plane Crash: Pilot Killed After F-16 Jet Crashes During Patrolling Near Balıkesir

Social ViralTurkey: Quick CPR Saves Bird's Life After Goalkeeper Accidently Hit Seagull With Ball in Istanbul

MumbaiMumbai Airport Busts Fake Seaman Racket, Four Indians Arrested Trying to Fly Abroad

InternationalLibyan Military Plane Crash: Army Chief, Four Others Killed While Returning From Turkey

Politics Realted Stories

PoliticsECI flags off International Election Visitors' Programme-2026 ahead of assembly polls

PoliticsCampaigning ends for Keralam Assembly polls, 48-hour silence period begins

Politics"Time and investigation will reveal facts:" JMM's Mahua Maji on Pawan Khera's residence search

Politics'Congress took contract for political assassination of CM Sarma, his family': BJP's Shehzad Poonawalla

PoliticsUnion Minister Pralhad Joshi alleges 'Love Jihad' conspiracy in Karnataka