Annual data from Turkey’s top statistics authority show increasingly strained economy

5 May 2020
214 Views

Data published in March 2020 by the Turkish Statistical Institute (TÜIK) revealed an alarming situation regarding the country’s economy. It showed that within a year, the foreign trade deficit had increased by nearly 200 percent and that the country’s foreign trade deficit measures increased tenfold during that same time period.

Turkey’s trade deficit grew by 181.6 percent from March 2019. That is explained by a COVID-19-related decrease of 17.8 percent in exports. Imports, meanwhile, grew by 3.1 percent from the previous year.

As imported goods totaled 18.8 billion Turkish Liras, exports only totaled 13.4 billion, leaving a deficit of 5.4 billion liras.

The ratio of exports to imports dropped to 71.3 percent from March 2019, when this number was 89.5 percent.

You may be interested

Pakistani gang leader arrested by Greek police
GREECE
shares20 views
GREECE
shares20 views

Pakistani gang leader arrested by Greek police

makis - Nov 27, 2020

The Pakistani leader of a gang, whose knife-wielding members broke into an apartment in Kaminia last Saturday and slaughtered a…

These blood types have a lower risk of contracting Covid-19
HEALTH
shares28 views
HEALTH
shares28 views

These blood types have a lower risk of contracting Covid-19

Panos - Nov 27, 2020

New research adds to the growing body of evidence that people with blood type ‘O’ may have a lower risk…

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks
WORLD
shares43 views
WORLD
shares43 views

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks

Panos - Nov 27, 2020

Former New York Times reporter Alex Berenson has slammed Amazon for attempted ‘censorship’ after the company backed down from its…

Leave a Comment

Your email address will not be published.