Turkey's current account deficit decreases by $8 billion
Azerbaijan, Baku, June 11 /Trend A.Taghiyeva/
The current account deficit of Turkey decreased by $8 billion in January-April 2012 compared to the same period in 2011, amounting to $21.2 billion, the Central Bank of Turkey said on Monday.
This means the trade deficit for the period decreased by $6.5 billion, amounting to $21.9 billion.
Revenue from tourism in Turkey decreased by $309 million in January-April 2012 compared to the same period in 2011, amounting to $4.1 billion. The cost of tourism for that period also decreased by $191 million, amounting to $547 million.
The country's income from investments (direct, portfolio and other) increased by $748 million compared to January-April 2011, reaching $2.6 billion.
Investments of non-residents in the economy in January-April increased by $705 million, amounting to $3.534 billion.