FX.co ★ Turkey Current Account Widens in April

In April 2025, Turkey's current account deficit widened to $7.86 billion, up from $4.83 billion in the same month of the previous year. The deficit in the goods account increased to $9.89 billion from $7.70 billion in April 2024, while the primary income deficit rose to $1.79 billion, compared to $1.38 billion. Notably, the secondary income balance shifted to a deficit of $0.09 billion from a surplus of $0.52 billion. On the contrary, the services account surplus saw a rise, reaching $3.90 billion from last year's $3.72 billion. Excluding gold and energy, the current account shortfall was recorded at $1.94 billion. Over the initial four months of the year, the nation's trade gap expanded to $20.30 billion, compared to $14.56 billion during the same period of the previous year.