Turkey’s current account deficit decreases by $2 billion
Azerbaijan, Baku, April 11 / Trend A. Taghiyeva /
Turkey's current account deficit decreased by $1.9 billion in January-February 2012 and hit $ 10.1 billion compared to the same period of 2011, the Turkish Central Bank's report, published on its official website on Wednesday, said.
This means the foreign trade deficit for the period decreased by $ 1.6 billion amounting to $10.7 billion.
Turkey's revenues from tourism in January-February 2012 increased by $14 million and amounted to $1.856 billion compared to the same period of 2011. The costs of tourism for the period decreased by $191 million and amounted to $547 million.
The country's income from investments, direct, portfolio and other, increased by $26 million and amounted to $952 million compared to January-February 2011.
Non-residents' investments in the economy in January-February increased by $334 million and amounted to $1.671 billion. Non-residents in the Turkish stock market carried out transactions worth $554 million.