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Deficit of account on current transactions increases by more than $8 billion in Turkey

Business Materials 13 September 2013 14:48 (UTC +04:00)
The deficit of account on current transactions in Turkey increased by $8.4 billion amounting to $42.9 billion in January-July, 2013, compared to the same period of 2012.

Azerbaijan, Baku, September 13 /Trend, A.Taghiyeva/

The deficit of account on current transactions in Turkey increased by $8.4 billion amounting to $42.9 billion in January-July, 2013, compared to the same period of 2012, according to a balance of payments posted on the official website of the Turkish Central Bank.

This means the deficit of foreign trade increased by $7 billion and amounted to $48.6 billion during the reporting period.

Turkey's income from tourism increased by $1.6 billion and amounted to $5.8 billion in January-July, 2013, compared to the same period of 2012. Expenditure on tourism increased by $1 billion and amounted to $1.7 billion during the reporting period.

The country's income from investment activities (direct, portfolio and other investments) increased by $870 million and amounted to $2 billion compared to the first quarter of 2012.

Investments of non-residents in the country's economy decreased by $2.1 billion and amounted to $6.7 billion in January-July.

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