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![\"T\u00fcrkiye](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/07\/6a54a08cd76e93b6a8aa1076.jpg\")
<\/p>\n ISTANBUL
\n<\/p>\n
T\u00fcrkiye<\/a>\u2019s current account<\/a> posted a deficit<\/a> of $1.46 billion in May, exceeding market expectations, according to data released on July 13 by the country\u2019s central bank.<\/p>\n Economists had forecast a deficit of around $960 million for the month.<\/p>\n The current account excluding gold and energy recorded a surplus of $3.63 billion, while the goods trade balance posted a deficit of $4.34 billion, the bank said.<\/p>\n On a 12-month rolling basis, the current account deficit reached $37.3 billion in May, with the annualized goods deficit standing at $74.4 billion.<\/p>\n The services balance generated a net surplus of $62.5 billion over the same period, while the primary and secondary income balances posted deficits of $24.1 billion and $1.3 billion, respectively.<\/p>\n In May alone, net services revenues totaled $5.21 billion. Travel services generated a surplus of $3.82 billion, while transportation services contributed $2.24 billion.<\/p>\n The financial account recorded a net direct investment outflow of $455 million in May.<\/p>\n Non-residents made net direct investments of $296 million in T\u00fcrkiye, while Turkish residents\u2019 external assets increased by $751 million.<\/p>\n Residents purchased $143 million worth of real estate abroad, while non-residents made net property purchases of $184 million in T\u00fcrkiye.<\/p>\n According to annualized figures, the current account deficit was financed mainly through net inflows of $46.7 billion from loans, $5.3 billion from portfolio investments and $1.8 billion from direct investments.<\/p>\n Currency and deposits, however, had a negative contribution of $18.8 billion, while the Central Bank\u2019s net foreign exchange reserves decreased by $32.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"ISTANBUL T\u00fcrkiye\u2019s current account posted a deficit of $1.46 billion in May, exceeding market expectations, according to data…\n","protected":false},"author":2,"featured_media":524678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[29184,138,20134,219,111,139,69,73225],"class_list":["post-524677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-account","tag-business","tag-deficit","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-trkiye"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/524677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=524677"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/524677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/524678"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=524677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=524677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=524677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}