Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 2.49 2.38 2.43 2 2 2.07 [+]
Government Bond 10y 8.18 7 6.7 6.8 7.5 8.3 [+]
Stock Market 85915.31 85899 85927 86479 87643 89971 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 820.21 862 872 1067 1424 2137 [+]
GDP Growth Rate 0.40 0.55 -0.83 1.48 1.73 -0.13 [+]
GDP Annual Growth Rate 1.70 2.85 3.2 3.8 3.52 1.55 [+]
GDP Constant Prices 33529893.10 33267579 31418113 35844191 36841178 37007726 [+]
Gross National Product 33842333.10 33876934 31449594 32495514 32644289 34088380 [+]
GDP per capita 8716.68 8866 8877 8905 8905 8905 [+]
Gross Fixed Capital Formation 7365774.50 7625286 7491898 7524002 7523999 7523999 [+]
GDP per capita PPP 18646.78 18961 18983 19040 19040 19040 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 10.70 11 10.49 11.69 11.68 11.67 [+]
Employed Persons 25874.00 25731 26233 25983 25980 25980 [+]
Unemployed Persons 3096.00 3131 3027 3059 3059 3059 [+]
Long Term Unemployment Rate 2.10 9.43 10.65 16.73 16.77 16.77 [+]
Youth Unemployment Rate 19.50 20.36 20.85 19.81 19.77 19.77 [+]
Labor Force Participation Rate 51.00 51.58 51.93 51.37 51.39 51.39 [+]
Wages 1512.00 1876 1893 2403 3219 4643 [+]
Wages in Manufacturing 192.30 198 202 238 231 231 [+]
Labour Costs 169.90 186 193 191 157 182 [+]
Population 77.70 77.95 78.18 81.26 82.59 82.8 [+]
Retirement Age Women 58.00 58 58 58 58 58 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Minimum Wages 391.45 410 372 357 355 355 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 7.24 7.42 7.65 8.1 4.33 3.76 [+]
Inflation Rate Mom 1.10 0.23 -0.78 0.22 0.47 0.72 [+]
Consumer Price Index CPI 250.45 252 255 271 272 272 [+]
GDP Deflator 1376.84 1422 1455 1546 1541 1541 [+]
Producer Prices 236.61 238 238 239 239 239 [+]
Producer Prices Change 3.28 8 8 6 5 6.45 [+]
Export Prices 103.07 103 103 103 103 103 [+]
Import Prices 100.38 98.85 99.49 99.56 99.56 99.54 [+]
Food Inflation 10.97 14.47 14.85 14.48 14.48 14.48 [+]
Core Consumer Prices 187.53 190 192 227 241 243 [+]
Core Inflation Rate 8.90 10.72 11.46 10.12 9.9 9.9 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 7.50 7.65 7.65 9 6 7.65 [+]
Interbank Rate 9.43 9.15 9.3 9.68 10.24 11.33 [+]
Money Supply M1 246767652.00 257252652 264778099 352070691 386052268 390337292 [+]
Money Supply M2 1033397300.00 1061904949 1082468961 1503409596 1662872515 1682888263 [+]
Money Supply M3 1079685993.00 1108083140 1129912474 1560148507 1719352040 1738547768 [+]
Foreign Exchange Reserves 141813.10 145661 146087 146158 146307 145866 [+]
Loans to Private Sector 1068577017.00 1116210022 1169579628 1971723400 2369780499 2446922763 [+]
Banks Balance Sheet 1914579871.00 1985354724 2045931803 2681996605 2809562807 2814909336 [+]
Central Bank Balance Sheet 397106533.00 419833784 147525263 197509402 197509792 197509792 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -4305.31 -6722 -7081 -7272 -7292 -7292 [+]
Exports 12330.00 12881 12537 12997 13010 13010 [+]
Imports 16640.00 19603 19619 20269 20301 20302 [+]
Current Account -6816.00 -4686 -4549 -5104 -5095 -5095 [+]
Current Account to GDP -7.90 -8.18 -8 -7.77 -7.77 -7.77 [+]
External Debt 396800.00 411492 414344 412114 406612 401401 [+]
Terms of Trade 102.67 105 106 102 102 102 [+]
Foreign Direct Investment 12918.00 12714 12698 12651 12651 12651 [+]
Remittances 59.00 10.34 33.12 14.03 11.23 9.36 [+]
Tourist Arrivals 1580041.00 2687637 3837919 2433550 2434719 2434718 [+]
Gold Reserves 523.73 537 538 539 539 539 [+]
Crude Oil Production 48.00 47.6 47.35 48.37 51.35 48.37 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -1.30 -1.32 -1.34 -1.61 -1.71 -1.72 [+]
Government Debt to GDP 33.00 32.33 31.72 26.23 25.42 25.4 [+]
Government Budget Value -12038318.00 -90217 -596724 -6955071 -6953689 -6953689 [+]
Government Spending 3308166.30 3574356 3350647 3390466 3388657 3388654 [+]
Credit Rating 44.58 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 103.40 104 103 102 102 102 [+]
Manufacturing PMI 49.80 49.93 50.03 50.41 50.41 50.41 [+]
Industrial Production 2.60 1.31 2.1 2.8 3.52 1.49 [+]
Industrial Production Mom 1.20 0.5 0.08 0.26 0.26 0.26 [+]
Manufacturing Production -0.30 1.42 0.54 1.13 1.16 1.16 [+]
Capacity Utilization 72.80 71.85 75.79 74.1 74.1 74.1 [+]
Changes in Inventories 645470.70 491972 -883227 523251 526197 526095 [+]
Bankruptcies 2734.00 1529 1661 2106 2106 2106 [+]
Car Registrations 95576.00 86921 93113 79516 84147 97720 [+]
Leading Economic Index 232.27 234 238 248 248 248 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 68.06 68.31 67.54 68.19 68.22 68.22 [+]
Retail Sales MoM 0.60 2.2 1.08 1 1 1 [+]
Retail Sales YoY 5.00 -0.03 0.59 3.35 4.4 1.6 [+]
Consumer Spending 21898041.60 22082522 20730373 21234799 21196837 21196832 [+]
Consumer Credit 355433484.00 362633505 371169857 451478868 463622405 463944145 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 10219.00 6919 6229 10979 10979 10979 [+]
Construction Output 1.20 -1.37 -1.26 0.72 0.89 0.91 [+]
Taxes Actual Q1/15 Q2/15 2020 2030 2050
Corporate Tax Rate 20.00 19.98 19.98 19.98 19.98 19.98 [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 [+]
Sales Tax Rate 18.00 18 18 18 18 18 [+]
Social Security Rate 31.50 31.5 31.5 31.5 31.5 31.5 [+]
Social Security Rate For Companies 16.50 16.5 16.5 16.5 16.5 16.5 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 [+]