Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q4/14 Q1/15 2020 2030 2050
Currency 2.35 2 2.23 2 2 1.89 [+]
Government Bond 10y 8.58 8.82 9.17 8.92 8.89 8.89 [+]
Stock Market 79191.19 79216 79362 81144 84096 89619 [+]
GDP Actual Q4/14 Q1/15 2020 2030 2050
GDP 820.21 852 859 1040 1353 1980 [+]
GDP Growth Rate 0.40 0.55 -0.83 1.48 1.73 -0.13 [+]
GDP Annual Growth Rate 1.70 3.85 1.13 3.8 3.52 1.55 [+]
GDP Constant Prices 33529893.10 33267579 31418113 35844191 36841178 37007726 [+]
Gross National Product 33842333.10 33876934 31449594 32495514 32644289 34088380 [+]
GDP per capita 8716.68 8735 8866 8905 8905 8905 [+]
Gross Fixed Capital Formation 7365774.50 7625286 7491898 7524002 7523999 7523999 [+]
GDP per capita PPP 18646.78 18931 18961 19040 19040 19040 [+]
Labour Actual Q4/14 Q1/15 2020 2030 2050
Unemployment Rate 10.50 11.3 11.65 11.31 11.3 11.3 [+]
Employed Persons 25835.00 25847 25862 25861 25861 25861 [+]
Unemployed Persons 2944.00 3005 2988 2959 2959 2959 [+]
Long Term Unemployment Rate 2.10 1.99 2.09 1.98 1.98 1.98 [+]
Youth Unemployment Rate 19.00 18.36 18.62 18.26 18.23 18.23 [+]
Labor Force Participation Rate 50.50 51.65 51.96 51.42 51.46 51.46 [+]
Wages 1512.00 1876 1893 2403 3219 4643 [+]
Wages in Manufacturing 187.21 193 199 234 227 226 [+]
Labour Costs 165.70 177 180 177 176 176 [+]
Population 76.67 76.76 77.81 80.53 81.58 81.74 [+]
Retirement Age Women 58.00 58 58 58 58 58 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Minimum Wages 391.45 410 372 357 355 355 [+]
Prices Actual Q4/14 Q1/15 2020 2030 2050
Inflation Rate 9.15 9.82 9.41 4.1 4.33 9.73 [+]
Inflation Rate Mom 0.18 -0.11 0.3 0.24 0.49 0.74 [+]
Consumer Price Index CPI 248.82 249 251 268 269 269 [+]
GDP Deflator 1376.84 1422 1455 1546 1541 1541 [+]
Producer Prices 237.65 236 236 235 235 235 [+]
Producer Prices Change 8.36 8.5 8 6 5 9.95 [+]
Export Prices 104.83 104 104 104 104 104 [+]
Import Prices 103.90 103 102 103 103 103 [+]
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 8.25 8.15 9 6 8.15 [+]
Interbank Rate 9.60 10.29 9.47 9.74 10.43 11.38 [+]
Money Supply M1 245480197.00 251264594 263418122 398785547 470609291 487741971 [+]
Money Supply M2 986960144.00 993738012 1024182343 1235066327 1288172343 1291851691 [+]
Money Supply M3 1031595479.00 1040273622 1071942928 1304123187 1365041147 1369558121 [+]
Foreign Exchange Reserves 146705.30 148603 148119 149355 149342 149342 [+]
Loans to Private Sector 1002810142.00 1030972801 1068306763 1459360716 1560997383 1568524009 [+]
Banks Balance Sheet 1778382673.00 1826867862 1856344195 2149968093 2193804708 2195167388 [+]
Central Bank Balance Sheet 374510377.00 372114575 372632055 372184863 372184863 372184863 [+]
Trade Actual Q4/14 Q1/15 2020 2030 2050
Balance of Trade -6251.72 -6881 -6392 -7070 -7096 -7096 [+]
Exports 12933.21 13270 13135 13156 13159 13159 [+]
Imports 19184.93 20151 19527 20226 20254 20255 [+]
Current Account -2030.00 -3174 -2529 -3272 -3299 -3299 [+]
Current Account to GDP -7.90 -8.18 -8 -7.77 -7.77 -7.77 [+]
External Debt 401706.00 414746 419479 413295 410733 410657 [+]
Terms of Trade 100.89 98.87 102 98.97 98.97 98.97 [+]
Foreign Direct Investment 12387.00 9698 9592 9373 9271 9271 [+]
Remittances 73.00 69.82 24.51 33.77 32.25 32.25 [+]
Tourist Arrivals 3439554.00 3247430 3479057 3091802 3092168 3092167 [+]
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 0.21 0.52 4.32 5.59 5.74 [+]
Government Debt to GDP 35.85 35.58 35.53 35.06 35 35 [+]
Government Budget Value -3480186.00 -7090731 -353056 -7048178 -7047212 -7047212 [+]
Government Spending 3308166.30 3574356 3350647 3390466 3388657 3388654 [+]
Credit Rating 44.58 [+]
Business Actual Q4/14 Q1/15 2020 2030 2050
Business Confidence 102.70 101 99.81 102 102 102 [+]
Manufacturing PMI 52.20 52.8 52.92 51.75 51.74 51.74 [+]
Industrial Production 2.40 2.44 2.13 3.04 3.91 2.63 [+]
Industrial Production Mom -1.80 -0.25 0.04 0.23 0.48 0.73 [+]
Manufacturing Production 1.10 1.1 2.08 1.82 1.81 1.81 [+]
Capacity Utilization 74.50 72.36 69.96 72.37 72.5 72.5 [+]
Changes in Inventories 645470.70 491972 -883227 523251 526197 526095 [+]
Bankruptcies 1002.00 1342 752 1255 1255 1255 [+]
Car Registrations 91553.00 70597 77338 79516 84147 88410 [+]
Leading Economic Index 230.52 230 229 231 231 231 [+]
Consumer Actual Q4/14 Q1/15 2020 2030 2050
Consumer Confidence 68.67 71.72 70.85 71.61 71.69 71.69 [+]
Retail Sales MoM 0.00 0.65 1.75 0.66 0.66 0.66 [+]
Retail Sales YoY 0.60 -0.52 -2.37 0.24 0.49 0.74 [+]
Consumer Spending 21898041.60 22082522 20730373 21234799 21196837 21196832 [+]
Consumer Credit 346711507.00 349597320 356612237 416485869 423121399 423246512 [+]
Housing Actual Q4/14 Q1/15 2020 2030 2050
Housing Index 9473.00 15294 10545 15235 15235 15235 [+]
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 19.98 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 31.5 31.5 31.5 31.5 31.5 [+]
Social Security Rate For Companies 16.50 16.5 16.5 16.5 16.5 16.5 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 [+]





This page includes economic forecasts for Turkey. 12/18/2014