Turkey recorded a current account surplus of $2.7 billion in September, Finance Minister Mehmet Şimşek said, citing central bank data. The annualised current account deficit fell to $39.2 billion.
Şimşek attributed the result to macro-financial stability policies. He said the current account deficit as a share of national income was 1.9 percent in 2025.
Outlook for the deficit
Şimşek expects the ratio to stay below the Medium-Term Program forecast this year, at around 2.2 percent in the third quarter. He said that holds despite the war.
He said the deficit ratio had held steady despite major recent energy supply shocks. He described that as a sign of rising economic resilience.
Exports and energy costs
Annualised goods and services exports exceeded $410 billion, Şimşek said, supported by goods exports and tourism. Higher energy prices linked to the Russia-Ukraine war had pushed the deficit up, he added.
Policies will continue to raise export quality and competitiveness, he said.
Related: US consumer credit jumps $27.8 billion in September
Source: Central bank
