Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q4/14 Q1/15 2020 2030 2050
Currency 2.22 2 2.23 2 2 1.89 [+]
Government Bond 10y 8.09 8.82 9.17 8.92 8.89 8.89 [+]
Stock Market 83281.75 79216 79362 81144 84096 89619 [+]
GDP Actual Q4/14 Q1/15 2020 2030 2050
GDP 820.21 823 859 1050 1373 2030 [+]
GDP Growth Rate -0.50 0.55 0.43 1.48 1.73 0.53 [+]
GDP Annual Growth Rate 2.10 3.85 2.86 3.8 3.52 2.79 [+]
GDP Constant Prices 30803171.10 30126971 30426513 31057179 31430797 31753835 [+]
Gross National Product 30410892.70 33678710 31133562 30989680 30806704 32771262 [+]
GDP per capita 8716.68 8826 8845 8969 9027 9116 [+]
Gross Fixed Capital Formation 7536187.50 7369371 7402348 7383080 7383080 7383080 [+]
GDP per capita PPP 18646.78 18931 18961 19230 19325 19516 [+]
Labour Actual Q4/14 Q1/15 2020 2030 2050
Unemployment Rate 10.10 10.85 11.08 10.86 10.86 10.86 [+]
Employed Persons 25835.00 25847 25862 25861 25861 25861 [+]
Unemployed Persons 2944.00 2899 2910 2890 2890 2890 [+]
Long Term Unemployment Rate 2.10 1.99 2.1 2.04 2.04 2.04 [+]
Youth Unemployment Rate 19.00 17.61 17.73 17.52 17.5 17.5 [+]
Labor Force Participation Rate 50.50 51.71 51.96 51.35 51.37 51.37 [+]
Wages 1512.00 1876 1893 2403 3219 4643 [+]
Wages in Manufacturing 178.18 191 196 212 209 208 [+]
Labour Costs 165.70 177 180 176 175 175 [+]
Population 76.67 77.36 77.56 78.23 79.76 80.2 [+]
Retirement Age Women 58.00 58 58 58 58 58 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Minimum Wages 391.45 410 374 357 355 355 [+]
Prices Actual Q4/14 Q1/15 2020 2030 2050
Inflation Rate 8.96 10.05 9.68 10 10 10 [+]
Inflation Rate Mom 1.90 0.23 0.73 0.24 0.24 0.24 [+]
Consumer Price Index CPI 248.37 251 254 279 280 280 [+]
GDP Deflator 1376.22 1471 1512 1726 1726 1726 [+]
Producer Prices 239.97 242 244 250 250 250 [+]
Producer Prices Change 10.10 8.5 8 6 5 11.61 [+]
Export Prices 105.54 105 105 105 105 105 [+]
Import Prices 105.70 106 105 106 106 106 [+]
Food Inflation 12.56 14.47 14.85 14.48 14.48 14.48 [+]
Core Consumer Prices 185.96 190 191 243 266 271 [+]
Core Inflation Rate 9.10 10.72 11.46 10.12 9.9 9.9 [+]
Money Actual Q4/14 Q1/15 2020 2030 2050
Interest Rate 8.25 8.15 8.15 8.15 8.15 8.15 [+]
Interbank Rate 9.73 10.35 10.07 10.23 10.62 500 [+]
Money Supply M1 247411042.00 255132790 267706446 442454718 565571778 613410819 [+]
Money Supply M2 985850055.00 995881546 1022058096 9348837678 26462615641 41593706816 [+]
Money Supply M3 1029854031.00 1038351787 1069733156 1287679172 1342670306 1346479725 [+]
Foreign Exchange Reserves 146705.30 149365 149351 149440 149454 149453 [+]
Loans to Private Sector 1001927449.00 1026063131 1068244656 1592206867 1859900438 1920770851 [+]
Banks Balance Sheet 1778382673.00 1826776096 1856156539 2145594311 2187389551 2188620205 [+]
Central Bank Balance Sheet 369273709.00 375453707 376304749 376482283 376482283 376482283 [+]
Trade Actual Q4/14 Q1/15 2020 2030 2050
Balance of Trade -6925.00 -6929 -6522 -7593 -7567 -7091 [+]
Exports 13660.00 13370 13365 13401 13468 13601 [+]
Imports 20585.00 20383 19840 20489 20505 20506 [+]
Current Account -2224.00 -3345 -2878 -3693 -3691 -3691 [+]
Current Account to GDP -7.90 -8.28 -8.14 -7.61 -7.76 -7.76 [+]
External Debt 401706.00 414746 419479 412722 410256 410179 [+]
Terms of Trade 99.85 97.75 101 97.7 97.7 97.7 [+]
Foreign Direct Investment 12387.00 9698 9592 9373 9271 9271 [+]
Remittances 93.00 71.04 26.6 42.29 41.06 41.05 [+]
Tourist Arrivals 4352429.00 3278615 3377237 3003760 3000805 3000806 [+]
Gold Reserves 512.93 531 532 533 533 533 [+]
Crude Oil Production 48.00 47.6 47.35 48.37 51.35 48.37 [+]
Government Actual Q4/14 Q1/15 2020 2030 2050
Government Budget -1.20 -0.11 -1.07 1.33 2.82 2.59 [+]
Government Debt to GDP 35.85 35.75 35.73 35.64 35.49 35.46 [+]
Government Budget Value -7916004.00 -7267171 873562 -7374126 -7372681 -7372681 [+]
Government Spending 3277368.00 3455297 3285682 3419268 3433235 3467052 [+]
Credit Rating 44.58 [+]
Business Actual Q4/14 Q1/15 2020 2030 2050
Business Confidence 106.90 105 104 102 102 102 [+]
Manufacturing PMI 51.50 52.95 52.94 51.76 51.75 51.75 [+]
Industrial Production 2.20 4.31 3.23 4.57 4.85 4.23 [+]
Industrial Production Mom 1.70 0.22 0.55 0.25 0.25 0.25 [+]
Manufacturing Production 4.30 1.84 2.91 2.39 2.38 2.38 [+]
Capacity Utilization 74.90 72.41 70.07 72.49 72.6 72.6 [+]
Changes in Inventories 479828.00 195568 -1064249 -629185 -646914 -646718 [+]
Bankruptcies 1002.00 1350 784 1303 1303 1303 [+]
Car Registrations 91553.00 82325 70601 68166 67042 67027 [+]
Leading Economic Index 231.28 234 236 244 244 244 [+]
Consumer Actual Q4/14 Q1/15 2020 2030 2050
Consumer Confidence 70.34 72.87 72.35 73.03 73.06 73.06 [+]
Retail Sales MoM 1.00 0.23 0.71 0.23 0.48 0.73 [+]
Retail Sales YoY 4.10 0.79 -0.55 1.73 1.69 1.69 [+]
Consumer Spending 19902065.90 20391106 20167159 20498353 20594356 20797253 [+]
Consumer Credit 343737095.00 349345032 356600901 3184348318 8840096880 13866144553 [+]
Housing Actual Q4/14 Q1/15 2020 2030 2050
Housing Index 8067.00 19060 14301 19001 19001 19001 [+]
Construction Output 2.00 0.71 0.64 0.83 3.5 1.36 [+]
Taxes Actual Q4/14 Q1/15 2020 2030 2050
Corporate Tax Rate 20.00 19.99 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 32 32 32 32 32 [+]
Social Security Rate For Companies 16.50 17 17 17 17 17 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 [+]





This page includes economic forecasts for Turkey. 11/23/2014