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(ECO) TURKEY'S CURRENT ACCOUNT DEFICIT UP.

ANKARA, Sep 15, 2010 (TUR) -- Turkey's current account deficit was posted as 24.2 billion USD in January-July period of 2010.

It had been 7.8 billion USD in the same period of 2009, said Turkey's Central Bank which released Balance of Payments statistics on Wednesday.

Accordingly, current account deficit was 3.4 billion USD in July, 2010 which had been 471 million USD in July, 2009.

Foreign trade deficit increased 95.4 percent to 5.4 billion USD in July, 2010 when compared to July, 2009.

The balance of payments is a statistical statement that systematically records all the economic transactions between residents of a country (central government, monetary authority, banks, other sectors) and non-residents for a specific time period.

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Publication:Anadolu (Eskisehir, Turkey)
Date:Sep 15, 2010
Words:125
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