Turkey’s current account surplus narrowed significantly to $0.46 billion in October 2025 from $2.23 billion in the corresponding month last year, slightly exceeding market expectations of a $0.4 billion surplus. The goods account shortfall increased sharply to $5.96 billion from $3.50 billion a year earlier. At the same time, the secondary income deficit widened to $0.04 billion from $0.02 billion. On the other hand, the services account surplus rose to $7.59 billion from $6.90 billion in October 2024, while the primary income deficit narrowed to $1.13 billion from $1.16 billion. For the January-October period, the country recorded a current account deficit of $14.54 billion, notably higher than the $2.93 billion shortfall in the same month of the previous year.