Turkey's current account deficit reduced by over a third

Azerbaijan, Baku, Jan. 11 / Trend A.Tagiyeva / The current account deficit in Turkey in January-November 2012 fell by $25.1 billion compared to the same period in 2011, amounting to $45.2 billion, the balance of payments published on the official website of the Turkish Central Bank on Friday says. The trade deficit for the aforementioned period decreased by $21.6 billion to reach $60.6 billion. Turkey's tourism revenue in January-November 2012 decreased by $385 million compared to the same period in 2011, amounting to $21.6 billion. Tourist expenditure during the reporting period decreased by $584 million to reach $3.9 billion. The country's income from investments (direct, portfolio and other investments) decreased by $865 million compared to January-November 2011 amounting to $6 billion. Investments of non-residents into the country's economy rose by $2.3 billion in January-November, amounting to $5.4 billion. Do you have any feedback? Contact our journalist at agency@trend.az