FILE PHOTO - Turkish President Recep Tayyip Erdoğan speaks during the Organization for Economic Co-operation and Development (OECD) Skills Summit 2026 at Halic Congress Centre in Istanbul. (is associated with: «Turkey's current account gap widens in June») -/Turkish Presidency/dpa
FILE PHOTO - Turkish President Recep Tayyip Erdoğan speaks during the Organization for Economic Co-operation and Development (OECD) Skills Summit 2026 at Halic Congress Centre in Istanbul. (is associated with: «Turkey's current account gap widens in June») -/Turkish Presidency/dpa

Turkey's current account deficit increased in June from the previous year, according to data published by the Central Bank of the Republic of Turkey on Thursday.

The current account shortfall reached $4.19 billion compared with $2.27 billion in June a year ago.

The current account, excluding gold and energy, indicated a net surplus of $1.46 billion in June.

The trade deficit in goods widened to $8.5 billion from $6.5 billion a year ago. Meanwhile, the surplus on services trade increased to $6.8 billion from $6.1 billion.

Data showed that primary income balance resulted in a deficit of $1.8 billion, up from 1.76 billion in June 2025. Meanwhile, the secondary income deficit increased to $727 million from $82 million.