File 3
File 3
File 3
A cargo ship passes under a bridge as it sails through the Bosporus Strait in Istanbul,
Türkiye, June 28, 2023. (Reuters Photo)
That marked the highest level since August 2019 and the third
straight monthly surplus.
:
The current account is the most complete measure of trade because
it includes investment flows and trade in merchandise and services.
A deficit means Türkiye is consuming more from overseas than it is
selling abroad.
The goods deficit was at $2.9 billion, while services posted net
inflows of $8.7 billion; under services, tourism saw a net inflow of
$6.8 billion.
That marked the lowest annual reading since the end of 2021 and a
sharp decline of $44.4 billion since May 2023, said Treasury and
Finance Minister Mehmet Şimşek.
Also evaluating the data, Vice President Cevdet Yılmaz said the
decrease in the current account deficit is reinforcing macro-financial
stability and contributing to the disinflation process.
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