FX.co ★ Turkey Current Account Gap Largest in 10 Months

Turkey’s current account deficit widened to $7.50 billion in February 2026 from $5.22 billion in the same month a year earlier, broadly in line with market expectations. This was the largest shortfall since April 2025. The deterioration was mainly driven by a wider goods trade deficit, which increased to $7.48 billion from $5.48 billion in February 2025, while the services surplus narrowed to $2.01 billion from $2.27 billion. The secondary income account also moved into deficit, posting a $0.18 billion shortfall after a $0.01 billion surplus a year earlier. By contrast, the primary income deficit narrowed to $1.86 billion from $2.02 billion. Excluding gold and energy, the current account swung to a $1.46 billion deficit in February 2026 from a $1.35 billion surplus a year before. For the first two months of 2026 as a whole, the current account deficit widened to $14.54 billion from $9.25 billion in the corresponding period of the previous year.