2026.07.1307:00:00UTC+00Turkey’s Current Account Deficit Narrows Sharply in May

Turkey’s current account gap shrank significantly in May 2026, offering a notable sign of easing external pressures on the economy. According to data updated on 13 July 2026, the current account deficit narrowed to USD -1.46 billion in May, from USD -5.70 billion in April 2026.

The sharp month‑on‑month improvement suggests a substantial shift in the balance between Turkey’s foreign income and expenditures, potentially reflecting changes in trade flows, services income, or external financing conditions. While the current account remains in deficit, the marked reduction between April and May will likely be closely watched by investors and policymakers as they assess the sustainability of Turkey’s external position in the months ahead.