Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 2.70 2.63 2.78 1.93 1.56 1.96 [+]
Government Bond 10y 9.41 8.04 7.99 7.57 7.59 7.59 [+]
Stock Market 85551.25 82927 85835 101328 136198 189938 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 820.21 867 875 1067 1424 2137 [+]
GDP Growth Rate 0.70 0.81 1.15 1.48 0.93 0.93 [+]
GDP Annual Growth Rate 2.60 2.2 3 3.8 3.52 3.92 [+]
GDP Constant Prices 32104187.90 33418113 34468784 43844191 53841178 71007726 [+]
Gross National Product 31221057.20 33449594 32068751 35067695 42070878 49070877 [+]
GDP per capita 8716.68 8917 8944 12005 19205 29405 [+]
Gross Fixed Capital Formation 7925596.70 7971898 7799429 8053139 8253127 8853127 [+]
GDP per capita PPP 18646.78 19083 19099 22640 30040 46040 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 11.30 11.5 11.8 8.67 8.57 8.3 [+]
Employed Persons 25454.00 25030 24615 25978 28974 36973 [+]
Unemployed Persons 3259.00 3282 3357 3365 3865 4165 [+]
Long Term Unemployment Rate 2.10 2.75 2.85 2.34 2.34 2.34 [+]
Youth Unemployment Rate 19.20 19.5 20.29 18 18 18 [+]
Labor Force Participation Rate 51.10 51.65 51.66 50.73 51.53 50.76 [+]
Wages 1512.00 1921 1948 2403 3219 4643 [+]
Wages in Manufacturing 192.30 202 210 238 251 291 [+]
Labour Costs 183.20 187 191 289 399 569 [+]
Population 77.70 78.15 78.34 81.26 86.59 93.48 [+]
Retirement Age Women 58.00 58 58 59 62 65 [+]
Retirement Age Men 60.00 60 60 60 62 65 [+]
Minimum Wages 424.26 410 410 608 756 956 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 7.61 7.93 7.62 8.1 4.33 3.76 [+]
Inflation Rate Mom 1.19 0.79 0.69 0.45 0.68 0.68 [+]
Consumer Price Index CPI 255.23 260 265 300 353 493 [+]
GDP Deflator 1390.37 1445 1448 1898 2697 3997 [+]
Producer Prices 241.97 245 246 255 269 282 [+]
Producer Prices Change 3.41 3.71 4.23 6 5 3.55 [+]
Export Prices 100.15 100 99.7 102 107 114 [+]
Import Prices 95.16 94.67 93.78 102 107 114 [+]
Food Inflation 14.12 15.85 12.75 10.35 9.28 9.28 [+]
Core Consumer Prices 188.64 191 193 216 235 275 [+]
Core Inflation Rate 7.50 7.56 7.01 10.12 9.9 9.9 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 7.50 7.5 7.75 7.5 7.5 7.5 [+]
Interbank Rate 10.60 10.78 11.24 10.08 10.38 11.27 [+]
Money Supply M1 257972661.00 265619147 271204690 360158927 410581469 496569576 [+]
Money Supply M2 1073491426.00 1094928061 1143463438 1418030762 1752033641 1991080744 [+]
Money Supply M3 1119614900.00 1142425671 1191546530 1673421233 1906352282 2143912284 [+]
Foreign Exchange Reserves 143459.00 141534 140653 145257 165289 185289 [+]
Loans to Private Sector 1095369207.00 1141773186 1192010294 2148852852 2632966486 3591873785 [+]
Banks Balance Sheet 1914579871.00 2045931803 2104205462 2781996605 3909562807 7814909336 [+]
Central Bank Balance Sheet 412396415.00 439995147 448435188 520405530 650405530 890405530 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -4655.64 -6159 -4236 -6662 -6712 -6712 [+]
Exports 12271.54 11637 13406 12808 12819 12818 [+]
Imports 16927.18 17796 17642 19469 19530 19530 [+]
Current Account -3200.00 -4068 -3911 -4404 -4404 -4404 [+]
Current Account to GDP -5.70 -5.27 -5.3 -6.16 -6.15 -6.15 [+]
External Debt 402415.00 406884 410073 410418 408491 403691 [+]
Terms of Trade 105.24 104 104 109 115 129 [+]
Foreign Direct Investment 12918.00 12698 12687 12651 12651 12651 [+]
Remittances 50.00 44.4 42.57 52.26 52.38 58.65 [+]
Tourist Arrivals 1383343.00 3111059 3296890 1869766 1870854 1870854 [+]
Gold Reserves 529.10 534 534 535 535 535 [+]
Crude Oil Production 48.00 48 48 50.27 51.35 51.35 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -1.30 -1.46 -1.61 -1.61 -1.71 -1.72 [+]
Government Debt to GDP 33.00 31 31 35 41.42 49.4 [+]
Government Budget Value -3689701.00 -264582 -3738396 -9537050 -9542207 -9542207 [+]
Government Spending 4298320.30 3329132 3401065 3673074 3961091 4561059 [+]
Credit Rating 44.58 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 107.90 104 103 102 102 102 [+]
Manufacturing PMI 48.00 48.1 49.2 49.73 51.56 51.56 [+]
Industrial Production 1.00 2.1 1.4 2.9 4.54 4.54 [+]
Industrial Production Mom 1.70 0.7 1.06 0.37 0.36 0.36 [+]
Manufacturing Production 0.70 2.76 3.19 3.93 3.93 3.93 [+]
Capacity Utilization 74.10 72.79 73.42 74.54 74.51 74.51 [+]
Changes in Inventories -922000.60 883227 412293 409916 -426197 -426095 [+]
Bankruptcies 1000.00 1498 1388 1979 1979 1979 [+]
Car Registrations 67645.00 73555 88328 79516 84147 111662 [+]
Leading Economic Index 230.23 227 223 224 224 224 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 65.35 69.54 68.73 72.19 86.99 86.99 [+]
Retail Sales MoM -0.70 0.3 0.3 0.69 0.89 0.89 [+]
Retail Sales YoY 2.90 2.72 2.72 4.67 6.66 6.66 [+]
Consumer Spending 21685402.10 20556421 21368903 23052178 28020649 39020584 [+]
Consumer Credit 361998791.00 360534386 378423737 449940197 521962574 692281703 [+]
Economic Optimism Index 74.90 65.78 72.57 98.46 98.46 98.46 [+]
Gasoline Prices 1.60 1.45 1.51 1.99 2.22 2.22 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 10219.00 16132 14975 10905 10905 10905 [+]
Construction Output 0.60 1.01 2.61 3.82 4.82 4.82 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 20.00 20 20 20 20 20 [+]
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 36.5 36.5 36.5 36.5 36.5 [+]
Social Security Rate For Companies 16.50 21.5 21.5 21.5 21.5 21.5 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 [+]