World Bulletin / News Desk
The reduction was also helped by low oil prices.
However, the bank said the economy could have performed better if the services surplus had not suffered a $1.42 billion fall because of the tourism sector’s contraction.
Revenue from tourism, which makes up most of the services sector, fell to $5 billion in the second quarter of the year, a decrease of 35.6 percent from the same period last year, the Turkish Statistical Institute said in July.
Tourism income from the first six months was $9.04 billion, down from $12.6 billion a year earlier.