FX.co ★ Turkey Current Account Surplus Narrows in October

In October 2025, Turkey's current account surplus experienced a significant reduction, declining to $460 million from $2.23 billion in the same month the previous year, though it slightly surpassed market expectations, which were set at $400 million. The deficit in the goods account saw a substantial hike, reaching $5.96 billion compared to the $3.50 billion recorded a year earlier. Meanwhile, the secondary income deficit increased to $40 million from $20 million. Conversely, the services account surplus improved, climbing to $7.59 billion from $6.90 billion in October 2024, and the primary income deficit slightly decreased to $1.13 billion from $1.16 billion. Over the January to October period, Turkey registered a current account deficit of $14.54 billion, a significant rise from the $2.93 billion deficit during the same timeframe in the prior year.