TEHRAN, Iran, Aug.23
Trend:
Report for Economic Research at Tehran Chamber of Commerce has indicated Iran's economy during the past eight years had faced a negative capital account balance and it was only slightly positive during 2014 and 2015.
The highest capital account deficit was $19.4 billion in 2017 and the best performance was in 2015 with $2.3 billion, Trend reports citing ILNA.
Numerous factors can lead to the weakening and negative capital account of the country including foreign investment, payment of foreign debts and capital outflow.
Iran's capital account statistics during the past eight years were negative and there have been countless news of Iranians purchasing property and estate in neighboring countries and they are the top foreign customers of housing in Turkey.
Iranians ranked the top foreign customers for Turkey's housing sector and have shared 17.4 percent of purchased properties in 2020. Iranians have bought 7,189 housing units in 2020 at Turkey that had 33 percent increase compared to 2019.