Turkey's current account deficit reduces by $400 mn

Azerbaijan, Baku, May 13 / Trend A.Taghiyeva / Turkey's current account deficit decreased by $383 million in the first quarter of 2013 compared to 2012, reaching a $15.9 billion, the balance of payments published on the official website of Turkish Central Bank said today. The foreign trade deficit increased by $264 million during this period reaching $17.4 billion. Turkey's tourism revenues increased by $1.1 billion in Jan.-March 2013 compared to 2012, reaching $4.1 billion. Tourism expenditures increased by $361 million during the period, reaching $ 1.2 billion. The country's income from investments (direct, portfolio and other investments) increased by $34 million compared to the first quarter of 2012, hitting $ 1.9 billion. Investments of non-residents in the country's economy grew by $823 million, amounting to $2.8 billion. Do you have any feedback? Contact our journalist at agency@trend.az