Turkey's current accounts deficit reaches $53.6bn

Turkey's current accounts deficit rose to 53.6 billion USD in 2013. The Central Bank of Turkey on Thursday made public the country's current accounts deficit figures between January and May 2013 when compared to the same term of 2012. According to the results, the bank said the current accounts deficit was up 5.8 billion USD to 31.9 billion USD in the first five months of 2013 compared to the same term of last year. Foreign trade deficit increased 4.9 billion USD and reached 33.8 billion US dollars when compared to the same period of the previous year. The bank said the current accounts deficit was up to 53.6 billion USD year-on-year. Turkey's current accounts deficit in May was recorded as 7.5 billion USD. Under the services account, in January-May 2013, the tourism revenues rose to 8.3 billion USD and the tourism expenditures increased to 1.9 billion USD compared to 2012.