Turkey | Economic Forecasts | 2014-2030 Outlook

Markets Last Q3 Q4 Q1 2015 2020 2030
Currency 2.20 2 2.19 2.18 2.15 2 2 [+]
Government Bond 10y 9.07 8.98 9.38 8.92 8.99 8.71 8.45 [+]
Stock Market 77918.06 64673 64673 71141 80892 71589 78283 [+]
GDP Last Q3 Q4 Q1 2015 2020 2030
GDP 820.21 843 851 859 1587 2495 5776 [+]
GDP Growth Rate -0.50 0.55 0.13 0.3 0.37 1.73 2.23 [+]
GDP Annual Growth Rate 2.10 3.85 2.93 3.27 3.68 3.55 3.02 [+]
GDP Constant Prices 30803171.10 32252917 30660700 31439541 36210633 39614446 45458966 [+]
Gross National Product 28950015.50 31981945 30054160 30867230 34917161 36684974 40819302 [+]
GDP per capita 8716.68 8859 8879 8895 10049 10712 12050 [+]
Gross Fixed Capital Formation 7536187.50 7260630 7149697 7101062 7380259 7347860 7358697 [+]
GDP per capita PPP 18646.78 18963 19007 19043 21516 22940 25806 [+]
Labour Last Q3 Q4 Q1 2015 2020 2030
Unemployment Rate 9.10 9.7 9.6 7.7 9.2 8 9.4 [+]
Employed Persons 25996.00 25991 26126 26188 79069 136213 308208 [+]
Unemployed Persons 2551.00 2416 2515 2597 2598 2576 2585 [+]
Long Term Unemployment Rate 1.90 2.04 2.02 2.14 2.08 5.05 6.55 [+]
Youth Unemployment Rate 16.20 17.52 17.43 17.41 17.14 7.27 8.26 [+]
Labor Force Participation Rate 50.50 50.01 50.04 49.95 50.38 50.28 50.29 [+]
Wages 165.11 181 186 188 196 145 155 [+]
Wages in Manufacturing 169.44 186 191 193 201 149 162 [+]
Labour Costs 155.60 162 162 160 149 147 146 [+]
Population 76.67 77.36 77.56 77.75 78.23 79.76 80.2 [+]
Retirement Age Women 58.00 58 58 58 58 58 58 [+]
Retirement Age Men 60.00 60 60 60 60 60 60 [+]
Minimum Wages 405.20 410 406 410 407 407 407 [+]
Prices Last Q3 Q4 Q1 2015 2020 2030
Inflation Rate 9.54 7 8.5 9.08 8.23 4.1 4.33 [+]
Inflation Rate Mom 0.09 0.63 0.59 1.06 0.54 3.84 3.84 [+]
Consumer Price Index CPI 243.40 245 248 251 287 366 529 [+]
GDP Deflator 1376.22 1442 1485 1536 1580 1726 1726 [+]
Producer Prices 235.78 237 240 244 318 456 819 [+]
Producer Prices Change 9.88 8.5 8 8 7 5.7 4.45 [+]
Export Prices 108.72 107 107 108 108 108 108 [+]
Import Prices 108.47 109 109 109 109 109 109 [+]
Food Inflation 14.44 13.92 14.29 14.64 14.26 14.27 14.27 [+]
Money Last Q3 Q4 Q1 2015 2020 2030
Interest Rate 8.25 10.75 10.75 8.5 8.5 9 6 [+]
Interbank Rate 9.12 11.25 12.24 11.99 11.03 11.31 11.41 [+]
Money Supply M1 242680326.00 262536866 272262472 287275470 348704100 522809566 662547230 [+]
Money Supply M2 969804162.00 1035900258 1066625411 1099274068 1309540679 1807659691 2248379917 [+]
Money Supply M3 1012251775.00 1065730794 1097594651 1129239048 1277910705 1972251277 3265047302 [+]
Foreign Exchange Reserves 145091.00 146522 145918 144268 145514 145481 145483 [+]
Loans to Private Sector 949104862.00 1035310890 1071721800 1108533789 1167647931 1426988827 1468405355 [+]
Banks Balance Sheet 1778382673.00 1778382673 1778382673 1778382673 1778382673 1778382673 1778382673 [+]
Central Bank Balance Sheet 106.11 106 106 106 106 106 106 [+]
Trade Last Q3 Q4 Q1 2015 2020 2030
Balance of Trade -6460.00 -6054 -6185 -5562 -8554 -9444 -11884 [+]
Exports 13402.83 13808 14139 14217 17622 19871 25117 [+]
Imports 19862.99 19862 20324 19779 26262 29457 37298 [+]
Current Account -2630.00 -3502 -3103 -2982 -4225 -4082 -4071 [+]
Current Account to GDP -7.90 -8.28 -8.03 -7.96 -7.61 -0.1 -0.05 [+]
External Debt 386786.00 409145 415568 418416 417408 404250 401830 [+]
Terms of Trade 100.23 98.08 98.79 100 98.64 98.69 98.69 [+]
Foreign Direct Investment 12387.00 9321 9153 9018 8751 8463 8459 [+]
Remittances 82.00 110 96.28 55.75 93.47 93.92 93.93 [+]
Tourist Arrivals 5214519.00 3976668 2550987 2620499 2476742 2458470 2460414 [+]
Gold Reserves 512.93 532 533 533 533 533 533 [+]
Crude Oil Production 46.00 46.2 46.28 46.36 46.51 47.95 50.27 [+]
Government Last Q3 Q4 Q1 2015 2020 2030
Government Budget -1.20 -0.11 -1.07 0.52 1.33 2.82 2.59 [+]
Government Debt to GDP 35.85 35.75 35.73 35.7 35.64 35.49 35.46 [+]
Government Budget Value -776674.00 -7061483 -11362252 -3144187 -10447825 -10703850 -10703081 [+]
Government Spending 3277368.00 3705640 3478477 3403157 4331906 4643286 5326355 [+]
Credit Rating 44.58 [+]
Business Last Q3 Q4 Q1 2015 2020 2030
Business Confidence 106.80 109 103 108 103 129 136 [+]
Manufacturing PMI 50.30 51.8 51.59 49.45 50.44 49.87 49.87 [+]
Industrial Production 3.60 4.41 3.96 2.84 4.16 4.11 4.11 [+]
Industrial Production Mom 0.10 0.21 -0.29 0.09 0.23 3.78 4.03 [+]
Manufacturing Production 1.50 2.16 1.51 2.71 2.31 4 3.83 [+]
Capacity Utilization 74.70 74.95 73.1 70.97 73.15 73.25 73.3 [+]
Changes in Inventories -906608.10 -644310 -729459 -84446 -668574 -629185 -646914 [+]
Bankruptcies 1120.00 1178 1726 1219 1728 4.06 0.05 [+]
Car Registrations 82977.00 70597 70597 63284 214240 80708 86250 [+]
Consumer Last Q3 Q4 Q1 2015 2020 2030
Consumer Confidence 73.23 73.32 73.35 72.47 72.49 118 123 [+]
Retail Sales MoM 0.50 -0.35 0.5 -0.81 0.23 3.78 4.03 [+]
Retail Sales YoY 2.30 4.44 3.31 3.9 4.43 3.97 4.02 [+]
Consumer Spending 19902065.90 21176275 20124059 20290731 23752189 25513915 29264819 [+]
Consumer Credit 334588483.00 341145217 344990373 348592545 355102257 388244630 334529679 [+]
Housing Last Q3 Q4 Q1 2015 2020 2030
Housing Index 17769.00 12819 19060 14301 19025 19001 19001 [+]
Construction Output 3.60 5.42 4.95 5.01 5.74 1772 394154 [+]
Taxes Last Q3 Q4 Q1 2015 2020 2030
Corporate Tax Rate 20.00 20 20 20 20 20 20 [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 35 [+]
Sales Tax Rate 18.00 18 18 18 18 18 18 [+]
Social Security Rate 31.50 32 32 32 32 32 32 [+]
Social Security Rate For Companies 16.50 17 17 17 17 17 17 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 15 [+]






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This page includes economic forecasts for Turkey. 9/17/2014