MacroTurkish: Cari Açık
What is Current Account Deficit?
The external imbalance that arises when a country imports more than it exports.
ExampleTurkey's monthly current account deficit reached $5 billion.The figures in the example illustrate the concept; they are not current market data.
Related terms
GDP (Gross Domestic Product)The monetary value of all goods and services produced within a country's borders over a given period.ReserveA central bank's stock of international assets made up of foreign currency, gold and other valuables.Base EffectWhen an unusually low or high value in the previous period makes current-period data look different than itCarry TradeA strategy of borrowing in a low-interest currency and investing in a high-interest currency.
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Frequently asked questions
What is Current Account Deficit?
The external imbalance that arises when a country imports more than it exports.
What is Current Account Deficit called in Turkish?
In Turkish financial reporting and news, Current Account Deficit is called Cari Açık.
Which concepts are related to Current Account Deficit?
The concepts most often mentioned together with Current Account Deficit are GDP (Gross Domestic Product) and Reserve.