Indicator of Turkey's Balance of Payments
Turkey| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Current Account Balance in Turkey is a component of the country's balance of payments, encompassing the balance of trade (the difference between exports and imports), income balance (the difference between income received from abroad and income paid abroad), and current transfers (government and individual transfers). This indicator, published monthly by the Central Bank of Turkey (CBRT), is crucial for assessing the health of Turkey's international balance and economic competitiveness.
When the Current Account Balance is in surplus, Turkey's income received from abroad exceeds its expenditures, leading to an increase in foreign exchange reserves and contributing positively to the economy. Conversely, when the Current Account Balance is in deficit, expenditures abroad exceed income received, resulting in a decrease in foreign exchange reserves and indicating economic imbalance.
This data serves as a key reference for policymakers in adjusting international balance policies and exchange rate policies. Fluctuations in the Current Account Balance can influence exchange rates, financial markets, and policy decisions. Additionally, it provides vital information for businesses and investors in forecasting international balance trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
