State Planning Organization’s data shows that TRNC’s current account deficit decreased in 2013

According to the provided data from the State Planning Organization, TRNC’s current account deficit was 44.7 million in 2013 and this was the lowest level in the three years between 2011 and 2013.

After statistics will be made, it is forecasted that due to the positive developments in tourism and university sectors, current account deficit will be more regressed in 2014. According to the yesterday’s statement of Ödül Muhtaroğlu, undersecretary of the “state planning organization”, the export-import coverage ratio was 9% in 2011, 7.2 % in 2012 and %7.1 in 2013.