Türkiye Logs $4B Current Account Surplus in August
16 Articles
16 Articles
Direct investment see net inflow of $141M in August
Treasury and Finance Minister Mehmet Şimşek, evaluating the August 2026 balance of payments data, announced that Turkey has paid $1.1 trillion for energy imports in the last 26 years. Stating that this amount corresponds to 1.6 times the total current account deficit and twice the current gross external debt stock, Şimşek emphasized the importance of green transformation and reducing dependence on foreign energy sources.
Turkey recorded a current account surplus of $4.053 billion in August. Treasury and Finance Minister Mehmet Şimşek highlighted the $1.1 trillion paid for energy imports over the past 26 years, emphasizing the importance of steps to reduce dependence on foreign energy sources.
According to the Central Bank's August balance of payments data, the current account showed a monthly surplus of $4.053 billion, while the annualized deficit reached $42.1 billion. Minister Şimşek assessed the deficit as being at a manageable level.
Turkiye Posts $4 Billion Current Account Surplus as Services Drive Strong Inflows
Direct investment see net inflow of $141M in August Türkiye posted a current account surplus of $4 billion in August, while the 12-month rolling deficit stood at $42.1 billion, according to central bank data. The Central Bank of the Republic of Türkiye announced that the current account excluding gold and energy indicated a net surplus …
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