Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye
TURB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-77.18%
Date Range
1/1/1998 - 7/1/2024
Summary
The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye measures the difference between the value of a country's imports and exports of goods, services, and capital transfers.
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
This economic indicator provides insight into Turkiye's international trade and capital flows. It is a key measure of a country's economic performance and can inform policymakers on exchange rate, monetary, and fiscal policies.
Methodology
The data is collected and reported by the Central Bank of the Republic of Turkiye.
Historical Context
Economists and policymakers use this metric to assess Turkiye's trade competitiveness and sustainability of its external accounts.
Key Facts
- Turkiye's current account balance was $-23.91 billion in 2021.
- The current account deficit is a key economic challenge for Turkiye.
- Turkiye's trade deficit has widened in recent years due to rising energy and commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye measures the difference between the value of Turkiye's imports and exports of goods, services, and capital transfers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Turkiye's international trade and capital flows, which are key indicators of the country's economic performance and can inform policymakers on exchange rate, monetary, and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Republic of Turkiye.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Turkiye's trade competitiveness and sustainability of its external accounts, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of the Republic of Turkiye, and there may be some update delays or limitations in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye (TURB6BLTT02STSAQ), retrieved from FRED.