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Turkey's current account deficit falls 1.5 times in 2012

Business Materials 13 February 2013 15:59 (UTC +04:00)
Turkey’s current account deficit decreased by $28.3 billion in 2012 compared with 2011, reaching a $48.8 billion, the balance of payments showed after being published on the official website of Turkish Central Bank on Wednesday.

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

Turkey's current account deficit decreased by $28.3 billion in 2012 compared with 2011, reaching a $48.8 billion, the balance of payments showed after being published on the official website of Turkish Central Bank on Wednesday.

The foreign trade deficit decreased by $23.5 billion during this period reaching $65.6 billion.

Turkey's tourism revenues increased by $421 million in 2012 compared with 2011, reaching $23.4 billion. Tourism expenditures decreased by $924 million during the period, reaching $ 4.5 billion.

The country's income from investments (direct, portfolio and other investments) decreased by $1.2 billion compared to 2011, hitting $ 6.3 billion.

Investments of non-residents in the country's economy grew by $3.8 billion, amounting to $7.1 billion.

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