Turkey’s current account deficit widened to $7.25 billion in December 2025 from $4.72 billion in the same month of the previous year, surpassing market forecasts of $5.2 billion. This marked the largest deficit since April, as the goods account deficit widened to $7.44 billion from $6.23 billion in December 2024, while the primary income gap increased to $2.37 billion from $1.63 billion. At the same time, the secondary income account posted a $0.097 billion deficit, swinging from a $0.11 billion surplus last year. Meanwhile, the services account surplus narrowed to $2.65 billion from $3.03 billion a year earlier. Excluding gold and energy, the current account recorded a $0.96 billion deficit. For the full year of 2025, the country recorded a current account deficit of $25.21 billion, sharply higher than the $10.42 billion shortfall in 2024.