Turkey's current account deficit up to 70.2 bln USD

ANKARA (A.A) - Turkey's current account deficit was up to 70.2 billion USD in the first eleven months of 2011. The Central Bank of Turkey made public balance of payments statistics between January and November 2/11, and said current account deficit was up 77.7 percent year-on-year and reached 70.2 billion USD. The current account deficit rose 30.7 billion USD in the mentioned period when compared with the same period of 2010. In the first eleven months of 2010, current account deficit was only 39.5 billion USD. Moreover, current account deficit was 5.1 billion USD in November 2011. Rise in foreign trade deficit caused the rise in current account deficit.