Current account deficit of Turkey increases
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.