Turkey | Economic Forecasts | 2014-2030 Outlook

Markets Last Q4 Q1 Q2 2015 2020 2030
Currency 2.28 2.25 2 2.27 2.23 2 2 [+]
Government Bond 10y 9.72 8.99 9.05 9.45 9.04 9.06 9.06 [+]
Stock Market 74937.75 65673 64673 71141 80892 71589 78283 [+]
GDP Last Q4 Q1 Q2 2015 2020 2030
GDP 820.21 835 837 838 849 854 862 [+]
GDP Growth Rate -0.50 1 0.55 0.24 0.37 1.48 1.73 [+]
GDP Annual Growth Rate 2.10 3.5 3.85 3.27 3.68 3.8 3.52 [+]
GDP Constant Prices 30803171.10 32252917 30660700 31439541 36572739 40208663 46595440 [+]
Gross National Product 28950015.50 31981945 30054160 30867230 35266333 37235249 41839785 [+]
GDP per capita 8716.68 8826 8845 8858 8969 9027 9116 [+]
Gross Fixed Capital Formation 7536187.50 7385859 7369371 7402348 7378858 7383080 7383080 [+]
GDP per capita PPP 18646.78 18889 18931 18961 19201 19325 19516 [+]
Labour Last Q4 Q1 Q2 2015 2020 2030
Unemployment Rate 9.10 10.3 9.6 7.7 9.2 8 9.4 [+]
Employed Persons 25996.00 26154 26166 26147 26410 26540 26802 [+]
Unemployed Persons 2551.00 2628 2652 2652 2645 2648 2647 [+]
Long Term Unemployment Rate 1.90 2.04 2.02 2.14 2.08 5.05 6.55 [+]
Youth Unemployment Rate 17.20 16.11 15.93 15.93 16.17 16.16 16.18 [+]
Labor Force Participation Rate 50.50 51.11 51.52 51.66 51.49 51.21 51.21 [+]
Wages 1512.00 181 186 188 196 145 155 [+]
Wages in Manufacturing 169.44 186 191 193 203 151 166 [+]
Labour Costs 155.60 162 160 155 152 151 154 [+]
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 391.45 410 374 374 368 357 355 [+]
Prices Last Q4 Q1 Q2 2015 2020 2030
Inflation Rate 9.54 9.6 7 8.5 8.23 4.1 4.33 [+]
Inflation Rate Mom 0.09 0.63 0.59 1.06 0.54 0.54 0.54 [+]
Consumer Price Index CPI 243.40 245 248 250 258 267 269 [+]
GDP Deflator 1376.22 1434 1471 1512 1580 1726 1726 [+]
Producer Prices 235.78 236 237 238 252 259 272 [+]
Producer Prices Change 9.88 9 8.5 8 7 6 5 [+]
Export Prices 108.72 109 109 109 110 110 111 [+]
Import Prices 108.47 107 108 107 109 110 111 [+]
Food Inflation 14.44 13.92 14.29 14.64 14.26 14.27 14.27 [+]
Core Consumer Prices 182.44 184 189 191 204 244 268 [+]
Core Inflation Rate 9.70 10.43 11.19 12.01 10.52 8.91 9.11 [+]
Money Last Q4 Q1 Q2 2015 2020 2030
Interest Rate 8.25 8.25 10.75 8 8 9 6 [+]
Interbank Rate 9.12 11.25 12.24 11.99 11.03 11.31 11.41 [+]
Money Supply M1 242680326.00 253271936 262146463 276897866 317074461 507516138 694677316 [+]
Money Supply M2 969804162.00 1003244025 1022875393 1061219417 1160139204 1534170192 1764448609 [+]
Money Supply M3 1012251775.00 1044143652 1063046658 1100811321 1197033922 1546859348 1746369632 [+]
Foreign Exchange Reserves 145091.00 146522 145918 144268 145514 145481 145483 [+]
Loans to Private Sector 949104862.00 995669089 1026063131 1068244656 1165002865 1592206867 1859900438 [+]
Banks Balance Sheet 1778382673.00 1792179825 1826776096 1856156539 1934328944 2145594311 2187389551 [+]
Central Bank Balance Sheet 374413037.00 106 79.37 63.5 39.69 31.75 26.46 [+]
Trade Last Q4 Q1 Q2 2015 2020 2030
Balance of Trade -8040.00 -6555 -6759 -6133 -7224 -7191 -7287 [+]
Exports 11440.00 13206 13370 13365 13328 13467 13601 [+]
Imports 19480.00 19761 20129 19497 20553 20658 20888 [+]
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 413427 417466 418535 414836 404250 401830 [+]
Terms of Trade 100.23 98.08 98.79 100 98.64 98.69 98.69 [+]
Foreign Direct Investment 12387.00 9698 9592 9512 9373 9271 9271 [+]
Remittances 82.00 116 104 63.84 100 101 101 [+]
Tourist Arrivals 5296323.00 3976668 2550987 2620499 2476742 2458470 2460414 [+]
Gold Reserves 512.93 532 533 533 533 533 533 [+]
Crude Oil Production 47.00 46.56 46.79 46.83 47.07 48.5 50.79 [+]
Government Last Q4 Q1 Q2 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 3558663 3455297 3285682 3470764 3436195 3467060 [+]
Credit Rating 44.58 [+]
Business Last Q4 Q1 Q2 2015 2020 2030
Business Confidence 107.60 105 106 105 103 103 103 [+]
Manufacturing PMI 50.40 51.15 52.87 52.92 51.69 51.75 51.74 [+]
Industrial Production 3.60 4.41 3.96 2.84 4.16 4.11 4.11 [+]
Industrial Production Mom 1.80 0.31 -0.2 0.17 0.24 0.49 0.74 [+]
Manufacturing Production 3.40 1.93 1.16 2.3 2.01 1.92 1.9 [+]
Capacity Utilization 74.40 74.95 72.68 70.45 72.68 72.84 72.93 [+]
Changes in Inventories -906608.10 90615 -644310 -729459 -668574 -629185 -646914 [+]
Bankruptcies 1120.00 1178 1726 1219 1728 4 0 [+]
Car Registrations 82977.00 65321 70597 63284 216382 79516 84147 [+]
Leading Economic Index 228.24 233 240 244 250 255 255 [+]
Consumer Last Q4 Q1 Q2 2015 2020 2030
Consumer Confidence 74.00 73.28 72.92 73.34 73.74 73.72 73.74 [+]
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 20391106 20167159 20201018 20773890 20908827 21317187 [+]
Consumer Credit 334588483.00 335110336 337305170 339412896 347970685 364416775 371188807 [+]
Housing Last Q4 Q1 Q2 2015 2020 2030
Housing Index 17769.00 12819 19060 14301 19025 19001 19001 [+]
Construction Output 2.00 1.86 0.71 0.64 3.65 0.83 3.5 [+]
Taxes Last Q4 Q1 Q2 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. 10/2/2014