Turkey's current accounts deficit reaches $53.6bn

Turkey's current accounts deficit rose to 53.6 billion USD in 2013. The Central Bank of Turkey on Thursday announced the figures between January and June 2013. The bank said the current accounts deficit was up by 5.9 billion USD to 36 billion USD in the first half of 2013 compared to the same term of last year. Foreign trade deficit increased by 5.9 billion USD and reached 40.4 billion US dollars compared to the same period of the previous year. The bank said the current accounts deficit was up to 53.6 billion USD year-on-year. Turkey's current accounts deficit in May was recorded as 4.4 billion USD. Under the services account, in the first half of 2013, the tourism revenues rose to 11.7 billion USD and the tourism expenditures increased to 2.3 billion USD compared to 2012.