12 July 2012by A. Taghiyeva, Trend AZ
The current account deficit of Turkey decreased by $10 billion in January-May 2012 compared to the same period in 2011, amounting to $27 billion, the Central Bank of Turkey said on Wednesday.
This means the foreign trade deficit for the period decreased by $8.3 billion, amounting to $28 billion.
Revenue from tourism in Turkey decreased by $341 million in January-May 2012 compared to the same period in 2011, amounting to $5.9 billion. The tourism expenditure for that period decreased by $554 million, amounting to $1.5 million.
The country's income from investments (direct, portfolio and other) increased by $879 million compared to January-May 2011, reaching $4.5 billion.
Investments of non-residents in the economy in January-May increased by $750 million, amounting to $3.2 billion.