FX.co ★ Turkey Current Account Deficit Widens in November

Turkey's current account deficit expanded to $4.00 billion in November 2025, up from $2.76 billion in November the previous year. This represents the largest deficit since April. Contributing to this increase was a widening in the goods account deficit, which grew to $6.39 billion from $5.24 billion in November 2024. Additionally, the primary income gap escalated to $1.56 billion from $1.44 billion. Conversely, the secondary income surplus slightly decreased to $0.020 billion, compared to $0.021 billion the year prior. On a positive note, the services account surplus increased marginally to $3.93 billion from the previous year's $3.90 billion. When excluding gold and energy, the current account surplus was recorded at $2.13 million. Cumulatively, for the first eleven months of the year, Turkey reported a current account deficit of $18.51 billion, a significant rise compared to the $5.70 billion deficit in the same period last year.