Turkey's current account deficit reduces by $400 mln

Turkey's current account deficit decreased by $383 million in the first quarter of 2013 compared to 2012, reaching a $15.9 billion.

Turkey's current account deficit reduces by $400 mln

World Bulletin/News Desk

Turkey's current account deficit decreased by $383 million in the first quarter of 2013 compared to 2012, reaching a $15.9 billion, the balance of payments published on the official website of Turkish Central Bank said today.

The foreign trade deficit increased by $264 million during this period reaching $17.4 billion.

Turkey's tourism revenues increased by $1.1 billion in Jan.-March 2013 compared to 2012, reaching $4.1 billion. Tourism expenditures increased by $361 million during the period, reaching $ 1.2 billion.

The country's income from investments (direct, portfolio and other investments) increased by $34 million compared to the first quarter of 2012, hitting $ 1.9 billion.

Investments of non-residents in the country's economy grew by $823 million, amounting to $2.8 billion.

Last Mod: 15 Mayıs 2013, 10:02
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