Turkey | Economic Forecasts | 2015-2050 Outlook

Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 3.01 3.08 3.13 3.09 3.15 2.93 [+]
Stock Market 72950.11 75835 74907 74512 73724 101328 Index points [+]
Government Bond 10y 10.12 9.34 9.42 9.26 9.99 6.25 percent [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 799.54 805 807 810 812 992 USD Billion [+]
GDP Growth Rate 1.30 0.5 0.9 0.76 0.81 0.8 percent [+]
GDP Annual Growth Rate 2.30 2 1.5 1.1 1.6 3.7 percent [+]
GDP Constant Prices 30089412.60 33468784 35097227 36227085 37617515 43844191 TRY THO [+]
Gross National Product 29244571.20 31268751 32826708 33626736 33818689 36067695 TRY THO [+]
GDP per capita 8871.91 8924 8953 8982 8997 12005 USD [+]
Gross Fixed Capital Formation 7007218.40 7569429 7697763 6975040 7461219 8053139 TRY THO [+]
GDP per capita PPP 18884.02 19012 19199 19325 19636 22640 USD [+]
GDP From Agriculture 1389793.00 2053760 1897225 1374628 2191846 2980777 TRY THO [+]
GDP From Construction 1700579.40 1735690 1749921 1732806 1716819 2014294 TRY THO [+]
GDP From Manufacturing 7682700.40 7642542 7654366 7599474 7666196 7987956 TRY THO [+]
GDP From Mining 160347.10 151077 195201 161950 215454 198818 TRY THO [+]
GDP From Public Administration 913244.81 936539 963124 916184 892619 962479 TRY THO [+]
GDP From Transport 3704269.00 3841256 3824487 3779518 3775738 3846608 TRY THO [+]
GDP From Utilities 459935.00 580328 672824 469898 543349 576711 TRY THO [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 9.30 9 8.8 8.6 8.4 7.5 percent [+]
Employed Persons 27072.00 25615 25967 26137 26845 26366 Thousand [+]
Unemployed Persons 2789.00 3357 3204 3014 3022 2365 Thousand [+]
Long Term Unemployment Rate 2.00 2.1 2 1.9 1.8 2.1 percent [+]
Youth Unemployment Rate 18.70 17.7 17.5 17.3 17.1 18 percent [+]
Labor Force Participation Rate 51.30 51 51 51 51 53 percent [+]
Wages 1512.00 1921 1948 1966 1983 2403 TRY/Month [+]
Wages in Manufacturing 204.07 199 204 206 211 238 Index Points [+]
Labour Costs 169.75 171 176 185 189 289 Index Points [+]
Population 77.70 78.14 78.38 78.61 78.87 82.05 Million [+]
Retirement Age Women 58.00 58 58 58 58 59 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Minimum Wages 425.17 424 424 473 473 638 EUR/Month [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 7.14 5.86 5.12 6.38 6.08 4.51 percent [+]
Inflation Rate Mom 0.40 0.69 0.53 0.7 -0.15 0.85 percent [+]
Consumer Price Index CPI 259.74 269 274 278 283 312 Index Points [+]
GDP Deflator 1472.91 1503 1555 1568 1577 2108 Index Points [+]
Producer Prices 250.43 255 259 262 263 282 Index Points [+]
Producer Prices Change 6.21 7.23 7.61 7.7 7.7 6 percent [+]
Export Prices 98.43 95.7 96.19 98.78 99.64 102 Index Points [+]
Import Prices 92.22 91.78 89.17 91.47 92.05 102 Index Points [+]
Food Inflation 9.71 8.75 8.21 9.22 10.09 9.41 percent [+]
Core Consumer Prices 196.26 204 210 214 217 246 Index Points [+]
Core Inflation Rate 7.60 8.3 8 8.22 7.12 6.9 percent [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 7.50 7.5 7.25 7.25 7 6.5 percent [+]
Interbank Rate 11.68 11.52 11.83 12.05 12.19 8.54 percent [+]
Money Supply M1 294108927.00 295812246 308958811 322929373 334907476 532619649 TRY Thousand [+]
Money Supply M2 1151750073.00 1185733929 1220867314 1289817431 1339284634 1818030762 TRY Thousand [+]
Money Supply M3 1196155132.00 1225387968 1274545968 1332727583 1381859191 1984034051 TRY Thousand [+]
Foreign Exchange Reserves 139152.00 138966 138719 138734 133533 141257 USD Million [+]
Loans to Private Sector 726307085.00 695348183 705378156 720342171 755568507 831860564 TRY Thousand [+]
Banks Balance Sheet 2209921619.00 2285506869 2398406892 2512760359 2623107826 3281996605 TRY Thousand [+]
Central Bank Balance Sheet 436786636.00 438435188 446801171 451809856 459021616 550405530 TRY Thousand [+]
Lending Rate 10.75 10.75 10.75 10.75 10.75 10 percent [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -7027.59 -6353 -5922 -6016 -6201 -6614 USD Million [+]
Exports 11181.33 11509 11539 11488 11464 12303 USD Million [+]
Imports 18208.92 18140 18013 17909 17811 21578 USD Million [+]
Current Account -3356.00 -5106 -4988 -4063 -4488 -3858 USD Million [+]
Current Account to GDP -5.70 -6.29 -5.98 -6.04 -6.1 -6.46 percent [+]
External Debt 392812.00 398859 403471 407423 412135 485226 USD Million [+]
Terms of Trade 106.73 107 107 108 108 109 Index Points [+]
Foreign Direct Investment 12530.00 18166 20479 21626 22772 15891 USD Million [+]
Remittances 71.00 42.57 47.3 86.04 91.61 52.26 USD Million [+]
Tourist Arrivals 5480502.00 4761133 1856269 1811485 4281147 3026862 [+]
Gold Reserves 512.99 513 509 508 506 493 Tonnes [+]
Capital Flows 4799.00 3715 3528 3555 3556 3556 USD Million [+]
Crude Oil Production 47.00 47 47 47 47 51 BBL/D/1K [+]
Tourism Revenues 3150.00 3423 3441 3443 3443 3443 USD Million [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -1.30 -1.3 -1.3 -1.7 -1.7 -2 percent of GDP [+]
Government Debt to GDP 33.00 34 35 37 38 43 percent [+]
Government Budget Value 2676932.00 125041 -252271 -863030 -1420791 -990402 TRY THO [+]
Government Spending 3211181.80 3475927 3518940 3504748 3489431 3973074 TRY THO [+]
Credit Rating 44.58 [+]
Fiscal Expenditure 35401250.00 35163936 35526497 35667455 35671124 35657476 TRY THO [+]
Government Debt 661900.00 648000 677943 682107 659167 692797 TRY Million [+]
Government Revenues 38078182.00 35409547 34524702 34680672 34837721 34843469 TRY THO [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 103.70 104 105 102 108 99 [+]
Manufacturing PMI 49.30 49.2 50.26 49.65 49.57 54.38 [+]
Industrial Production 5.50 2.4 3.3 2.5 2.1 4 percent [+]
Industrial Production Mom -2.00 0.16 0.43 0.38 0.36 0.61 percent [+]
Manufacturing Production 6.90 3.19 2.63 8.29 8.01 2.93 percent [+]
Capacity Utilization 74.80 76 76.1 75.8 76.3 80 percent [+]
Changes in Inventories -266339.90 412293 -332436 -51966 -38806 -51484 TRY THO [+]
Bankruptcies 1053.00 782 692 819 997 648 Companies [+]
Car Registrations 90173.00 100945 95964 96209 92995 79516 Cars [+]
Car Production 62465.00 64882 65096 65113 65113 65113 [+]
Competitiveness Index 4.46 4.46 4.46 4.46 4.46 4.28 Points [+]
Competitiveness Rank 45.00 45 45 45 45 54.11 [+]
Corruption Index 45.00 45 45 45 45 39.08 Points [+]
Corruption Rank 64.00 64 64 64 64 56.3 [+]
Ease of Doing Business 55.00 55 55 55 55 68 [+]
Leading Economic Index 233.07 238 243 248 254 286 Index Points [+]
Total Vehicle Sales 82577.00 91145 93658 95174 98174 110481 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 62.35 68.73 72 78 82 86 [+]
Retail Sales MoM 0.20 0.8 0.9 0.74 0.63 0.69 percent [+]
Retail Sales YoY 3.70 2.25 3.41 2.88 2.81 4.67 percent [+]
Consumer Spending 20982193.60 21324908 21717724 22113791 22757064 25052178 TRY THO [+]
Consumer Credit 375692562.00 381666049 390039527 397656881 404575829 461518293 TRY THO [+]
Economic Optimism Index 84.28 72.57 85.59 93.09 95 99 Index points [+]
Gasoline Prices 1.69 1.8 1.83 1.85 1.89 2 USD/Liter [+]
Private Sector Credit 1213251265.00 1169575253 1189575253 1200871334 1225946923 1589575253 TRY Thousand [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 187.86 189 195 204 211 272 Index points [+]
Construction Output 1.40 -2.61 -1.63 1.46 2.78 3.82 percent [+]
Home Ownership Rate 67.30 67.3 67.3 67.3 67.3 67.3 percent [+]
Housing Starts 9934.00 8164 7607 7359 7237 7056 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 20.00 20 20 20 20 24.95 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35.45 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 37.50 37.5 37.5 37.5 37.5 34.61 percent [+]
Social Security Rate For Companies 22.50 22.5 22.5 22.5 22.5 19.61 percent [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 percent [+]



Economic Forecasts for Turkey including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Turkey economy. 9/5/2015