Turkey’s current account deficit at $5.4 billion in April
According to the Bank’s report on balance of payments, the country’s 12-month rolling deficit reached nearly $57.1 billion in April.
The April development in the current account is mainly attributable to a $1.82 billion increase in the goods deficit, recording a net outflow of $5.46 billion and a $279 million increase in the primary income deficit to $1.49 billion, the Bank stated.
Travel, a major item under services, recorded a net inflow of $1.12 billion in April, increasing by $366 million compared to the same month in 2017, the Bank added.
Investment income under primary income item indicated a net outflow of $1.42 billion, increasing by $269 million in comparison to the same period the previous year, according to the Bank data.