Current Account (Excludes Exceptional Financing), Net for Turkey
CUAEEFTRQ052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5,901,000,000.00
Year-over-Year Change
-20.14%
Date Range
1/1/1984 - 10/1/2008
Summary
The Current Account (Excludes Exceptional Financing), Net for Turkey measures the difference between a country's imports and exports of goods, services, and capital. It is a key indicator of a nation's economic health and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account (Excludes Exceptional Financing), Net for Turkey is a comprehensive measure of a country's international transactions, including trade in goods and services, income payments and receipts, and unilateral transfers. It provides insight into a nation's position as a creditor or debtor relative to the rest of the world.
Methodology
The data is collected and calculated by the Turkish Central Bank.
Historical Context
Economists and policymakers monitor the current account balance to assess a country's international economic position and the sustainability of its external financing.
Key Facts
- Turkey's current account deficit reached $7.1 billion in 2021.
- The current account balance is a key determinant of a country's exchange rate.
- A persistent current account deficit can lead to a buildup of foreign debt.
FAQs
Q: What does this economic trend measure?
A: The Current Account (Excludes Exceptional Financing), Net for Turkey measures the difference between the country's imports and exports of goods, services, and capital.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a crucial indicator of a country's international economic position and the sustainability of its external financing.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Central Bank.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the current account balance to assess a country's international economic position and the sustainability of its external financing.
Q: Are there update delays or limitations?
A: The data is published regularly by the Turkish Central Bank, with minimal update delays.
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Non-Bank Financial Institutions' Assets to GDP for Turkey
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Citation
U.S. Federal Reserve, Current Account (Excludes Exceptional Financing), Net for Turkey (CUAEEFTRQ052N), retrieved from FRED.