If the cyclical effects ease and particularly, if global commodity prices converge to their long-term trends, the deficit observed in the headline current account balance may decrease significantly and even post a surplus.
The ITS statistics introduced by TurkStat are based on comprehensive micro-databases comprising administrative records and firms’ direct reporting. These statistics provide information at international standards in a breakdown by type of services and country.
The country of origin and the profile of inbound tourists as well as data on spending items that generate tourism revenue are key to analyzing tourism trends, identifying a target market and proposing better policies.
The project-based incentives program, designed to promote investments in upper-medium and advanced technology, is intended to reduce the current account deficit in the medium to long term.
With its labor quality, consumption pattern, demand power, technology skills, geographical location, infrastructure, business routine, and incentives, Turkey is a good alternative for both market-seeking and efficiency-seeking FDIs.
The share of renewable energy in total supply was up around 12 percent from 2005 across the world in 2016. Turkey has a higher rate of renewable energy use than the OECD average but the rate of increase has proved far from satisfying.
During periods of monetary tightening, rebalancing of domestic demand is expected to positively affect the foreign trade balance and the current account balance. The latest monetary tightening cycle, which began in June 2023, affects various macroeconomic indicators besides inflation, including foreign trade and the current account balance. In this blog post, we provide a descriptive analysis of the effects of the recent monetary tightening on Türkiye’s foreign trade and current account balance.
The consistency of the productive capacity revealed in the form of foreign trade performance with the sectoral real effective exchange rate supports the interpretation of the decline in real effective exchange rate indices as competitive advantages. On the other hand, the strong medium-term relation between sectoral real effective exchange rate series and productivity points to the potential importance of productivity in the translation of nominal exchange rate advantages into international competitive advantages.
The NEO is affected by the foreign exchange legislation that changes over time, domestic economic developments, the course of the global economy, and the expectations and related behaviors of economic agents.
In addition to being a long-term financial instrument for a country, these investments are important since they encourage the use of new technologies in production instead of old ones and thus urge an increase in productivity and the opening up of companies to new external markets.
The total debt of resident sectors in Turkey is mostly driven by internal debts and its ratio to GDP has been on the decline since the third quarter of 2015, remaining at low levels compared to the selected countries.
Serdar Erkılıç,Hakan Hüsnü Toprak,Eda Altuntaş Dursun,Yahya Kocakale
This study gives a brief account of the scope and impact of the revisions to the statistics of Short Term External Debt, International Investment Position (IIP), Foreign Exchange Assets and Liabilities of Non-Financial Companies and Weekly Securities disseminated by the Central Bank of the Republic Turkey on 19 August 2021.
Total portfolio inflows to emerging market economies are likely to decelerate in the upcoming period due to the Fed’s policy tightening. However, it appears that country-specific dynamics will be decisive in finding out who will get a larger share from the pie.
Ahmet Adnan Eken,Mehmet Kasım Tırpan,Neslihan Tuba Kavruk,Başak Erdoğan
A developed and efficient government domestic debt securities (GDDS) market attracts foreign investors to Turkey. Actually, while GDDS held by non-residents has increased over time, the GDDS portfolio of non-residents has become an important item within the financial account of the balance of payments.
