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Current account deficit of Turkey increases

Business Materials 13 February 2012 20:20 (UTC +04:00)

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

The current account deficit of Turkey increased by $30.4 billion in 2011 compared to 2010, amounting to $77.8 billion, the Central Bank of Turkey said on Monday.

Turkey's foreign trade deficit increased by $32.9 billion in 2011, amounting to $89.4 billion.

The current account deficit decreased by 12.8 percent in December 2011 compared to the same month in 2010, reaching $6.5 billion.

Investments of nonresidents in 2011 increased by $6.6 billion, amounting to $15.7 billion. The total amount placed in foreign financial markets bonds amounted to $3.26 billion in 2011.

The deposit portfolio of Turkish banks increased by $2.19 billion in the Turkish lira and decreased by $2.2 billion in foreign currency.

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