FX.co ★ Turkey Current Account Deficit Widens in May

In May 2025, Turkey's current account deficit expanded to $0.68 billion, up from $0.58 billion in May 2024. Despite this being the seventh month in a row to record a deficit, it was the smallest during this period, thanks to an increase in the services account surplus, which rose to $5.64 billion from $5.42 billion the previous year. In parallel, the primary income shortfall decreased to $1.48 billion from $1.67 billion in May 2024, and the secondary income deficit was reduced to $0.03 billion from $0.15 billion. However, the goods account deficit increased, reaching $4.8 billion in May 2025, compared to $4.19 billion in the same month of the previous year.