Turkiye’s current account deficit at $5.56B in March

By Tuba Sahin

ANKARA (AA) – Turkiye’s current account balance posted a $5.56 billion deficit in March, growing $2.23 billion from a year ago, according to official data released on Monday.

The Turkish Central Bank said the country’s 12-month rolling deficit reached $24.22 billion in March.

Goods trade deficit increased $3.36 billion year-on-year to reach $6.34 billion.

Services item indicated a net surplus of $2.33 billion, up $1.47 million from the month of last year.

The gold- and energy-excluded current account saw a $2.48 billion surplus in the month, improving from a deficit of $314 million in March 2021.