Current account deficit decreases in Turkey
Azerbaijan, Baku, Dec.11 / Trend, A.Taghiyeva /
The current account deficit of Turkey decreased by 23.8 per cent in January-October 2012 compared to the same period of 2011, amounting to $41.9 billion, the Central Bank of Turkey said in its report on Tuesday.
This means the current account deficit of Turkey during the reporting period decreased by $20.7 billion, amounting to $55.3 billion.
Revenue from tourism in Turkey decreased by $421 million in January-October 2012 compared to the same period in 2011, amounting to $20.7 billion. Tourism expenditure for that period decreased by $613 million amounting to $3.4 billion.
The country's income from investments (direct, portfolio and other) decreased by $824 million compared to January-October 2011, reaching $5.7 billion.
Investments of non-residents into the country's economy in January-October decreased by $1.4 billion, amounting to $10.5 billion.