Turkey | Economic Forecasts | 2014-2030 Outlook

Markets Last Q3 Q4 Q1 2015 2020 2030
Currency 2.12 2.25 2 2.11 2.07 2 2 [+]
Government Bond 10y 9.26 9.45 9.3 9.72 9.21 5.04 4.29 [+]
Stock Market 78866.88 65673 64673 71141 83995 71589 78283 [+]
GDP Last Q3 Q4 Q1 2015 2020 2030
GDP 820.21 843 851 859 994 1239 1810 [+]
GDP Growth Rate 1.70 1 0.55 1.11 0.55 1.48 1.73 [+]
GDP Annual Growth Rate 4.30 3.5 3.85 4.41 3.95 3.8 3.52 [+]
GDP Constant Prices 29209519.30 32904290 31857982 30162966 35734153 38778989 44009807 [+]
Gross National Product 28950015.50 33029582 31981945 30054160 62805833 88304882 133539921 [+]
GDP per capita 8716.68 8834 8734 8879 18997 27779 44603 [+]
Gross Fixed Capital Formation 7061512.00 7585656 7552577 7432636 7567972 7564772 7566704 [+]
GDP per capita PPP 13737.22 13851 13857 13861 29547 43034 69095 [+]
Labour Last Q3 Q4 Q1 2015 2020 2030
Unemployment Rate 8.80 10.3 9.1 9.2 9.4 7.4 9.4 [+]
Employed Persons 25996.00 25991 26126 26188 49534 67657 96566 [+]
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 9.32 8 7 8.5 8.23 4.1 4.33 [+]
Inflation Rate Mom 0.45 0.63 0.75 1.22 0.67 3.98 3.98 [+]
Consumer Price Index (CPI) 243.17 247 251 255 308 443 794 [+]
GDP Deflator 1394.44 1418 1450 1482 1536 1609 1603 [+]
Producer Prices 234.79 237 240 244 296 411 688 [+]
Producer Prices Change 9.46 9 8.5 8 7 6 5 [+]
Export Prices 108.72 107 107 108 108 108 108 [+]
Import Prices 108.47 109 109 109 109 109 109 [+]
Food Inflation 12.47 12.97 12.72 12.75 12.5 12.52 12.52 [+]
Money Last Q3 Q4 Q1 2015 2020 2030
Interest Rate 8.25 8 10.75 8 10.75 9 6 [+]
Interbank Rate 9.12 11.25 12.24 11.99 11.03 11.31 11.41 [+]
Money Supply M1 242680326.00 253233657 266007517 275955871 671270498 1371657434 2439225496 [+]
Money Supply M2 969804162.00 1009783352 1055775323 1088931277 2546354199 4629805292 7696105224 [+]
Money Supply M3 1012251775.00 1051974814 1097100283 1131259663 2620347620 3096780122 5779766496 [+]
Foreign Exchange Reserves 145091.00 146522 145918 144268 145514 145481 145483 [+]
Loans to Private Sector 949104862.00 1004328632 1046545773 1086075676 1198052656 1480580028 552388349 [+]
Trade Last Q3 Q4 Q1 2015 2020 2030
Balance of Trade -7853.06 -5720 -5909 -5379 -12140 -15687 -21187 [+]
Exports 12923.24 14239 14613 14662 25198 33716 45303 [+]
Imports 20776.31 19958 20522 20041 37338 49403 66491 [+]
Current Account -4093.00 -2225 -3809 -3616 -5280 -5345 -5336 [+]
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 4335075.00 3536195 2138426 2312318 2114508 2126090 2126464 [+]
Gold Reserves 483.54 449 442 439 436 435 435 [+]
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 3105788.00 3724852 3811779 3943981 7797797 11080803 16939670 [+]
Credit Rating 44.58 [+]
Business Last Q3 Q4 Q1 2015 2020 2030
Business Confidence 109.03 111 105 110 104 129 136 [+]
Manufacturing PMI 48.50 51.58 51.35 49.2 50.08 49.2 49.19 [+]
Industrial Production 1.40 4.41 6.01 4.75 5.4 4.13 3.97 [+]
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 74.90 75.43 73.68 71.62 73.68 73.75 73.78 [+]
Changes in Inventories -906608.10 -119291 -644310 -729459 -668574 -629185 -646914 [+]
Bankruptcies 1120.00 1178 1726 1219 1728 45.31 0.98 [+]
Car Registrations 82977.00 65321 70597 63284 134213 79516 84147 [+]
Consumer Last Q3 Q4 Q1 2015 2020 2030
Consumer Confidence 73.91 73.2 73.03 72.47 72.49 118 123 [+]
Retail Sales MoM 0.70 -1.55 -1.34 -0.4 0.16 4 3.95 [+]
Retail Sales YoY 4.10 8.46 6.97 5.7 5.78 4.12 4.07 [+]
Consumer Spending 20208331.20 21661442 21882273 20849377 43102672 61184574 93552999 [+]
Consumer Credit 334588483.00 335070744 338263001 341180955 348531979 368573391 372560637 [+]
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 5.74 179 4469 [+]
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. 8/21/2014