Turkey | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 2.69 2.78 2.83 2.71 2.71 1.93 [+]
Government Bond 10y 9.21 9.64 9.72 9.76 9.28 6.25 [+]
Stock Market 81216.94 85835 87907 81712 81724 101328 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 820.21 850 846 855 863 1082 [+]
GDP Growth Rate 1.30 0.5 0.9 0.77 0.82 0.8 [+]
GDP Annual Growth Rate 2.30 2.5 2.77 2.66 2.4 2.7 [+]
GDP Constant Prices 30089412.60 34468784 35097227 30227085 31617515 43844191 [+]
Gross National Product 29244571.20 31268751 32826708 32626736 32818689 36067695 [+]
GDP per capita 8716.68 8944 8953 8752 8753 12005 [+]
Gross Fixed Capital Formation 7007218.40 7569429 7697763 7262271 7400059 8053139 [+]
GDP per capita PPP 18646.78 19099 19110 18825 18836 22640 [+]
Gdp From Agriculture 1389793.00 2053760 1897225 1374628 2191846 2980777 [+]
Gdp From Construction 1700579.40 1735690 1749921 1732806 1716819 2014294 [+]
Gdp From Manufacturing 7682700.40 7642542 7654366 7599474 7666196 7987956 [+]
Gdp From Mining 160347.10 251077 195201 161950 215454 198818 [+]
Gdp From Public Administration 913244.81 936539 963124 916184 892619 962479 [+]
Gdp From Transport 3704269.00 3653253 3635955 3628246 3608911 3846608 [+]
Gdp From Utilities 459935.00 516623 482473 479509 466979 576711 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 10.60 10.4 10.7 9.66 9.66 8.67 [+]
Employed Persons 25953.00 24615 24967 26009 26424 26152 [+]
Unemployed Persons 3069.00 3357 3204 2966 2946 3365 [+]
Long Term Unemployment Rate 2.10 2.1 2 2.03 2.02 2.34 [+]
Youth Unemployment Rate 18.80 18.2 18 18.66 18.67 18 [+]
Labor Force Participation Rate 50.90 51 51 50.89 50.89 51.7 [+]
Wages 1512.00 1921 1948 1966 1983 2403 [+]
Wages in Manufacturing 193.74 207 210 210 214 238 [+]
Labour Costs 183.20 191 196 208 215 289 [+]
Population 77.70 78.15 78.78 78.62 78.87 82.63 [+]
Retirement Age Women 58.00 58 58 58 58 59 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Minimum Wages 424.26 424 424 425 423 638 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 7.20 8.86 8.12 7.54 7.44 6.51 [+]
Inflation Rate Mom -0.51 0.69 0.53 0.72 0.69 0.5 [+]
Consumer Price Index CPI 259.51 269 274 276 280 312 [+]
GDP Deflator 1472.91 1503 1555 1538 1557 2108 [+]
Producer Prices 248.78 255 259 258 259 282 [+]
Producer Prices Change 6.73 7.23 7.61 7.99 7.6 6 [+]
Export Prices 97.64 95.7 93.19 97.64 97.64 102 [+]
Import Prices 92.57 91.78 89.17 95.3 96.03 102 [+]
Food Inflation 9.28 12.75 11.75 12.1 12.09 9.41 [+]
Core Consumer Prices 195.54 204 209 208 214 246 [+]
Core Inflation Rate 7.90 8.3 8 8.52 8.53 6.9 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 7.50 7.5 7.25 7.54 7.54 7.5 [+]
Interbank Rate 11.07 10.37 10.89 10.68 10.71 10.71 [+]
Money Supply M1 281462810.00 288937936 303530122 315179786 325771903 500249360 [+]
Money Supply M2 1122535741.00 1194072346 1220867314 1303629767 1355428574 1818030762 [+]
Money Supply M3 1171629938.00 1225387968 1274545968 1359594288 1413539561 1984034051 [+]
Foreign Exchange Reserves 140728.70 140081 139929 139734 139533 145257 [+]
Loans to Private Sector 682348183.00 695348183 705378156 850342171 895568507 831860564 [+]
Banks Balance Sheet 2106039765.00 2260171310 2352286826 2444130767 2535703933 2981996605 [+]
Central Bank Balance Sheet 429755478.00 448435188 451801171 440809856 441021616 550405530 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -6753.00 -6825 -6478 -6426 -6627 -6181 [+]
Exports 11113.39 12051 12056 12019 11996 11887 [+]
Imports 17866.33 17973 17838 17730 17632 18219 [+]
Current Account -3410.00 -5133 -5060 -4095 -4789 -3933 [+]
Current Account to GDP -5.70 -6.29 -5.98 -6.04 -6.11 -6.47 [+]
External Debt 402415.00 417287 422047 427190 432357 520937 [+]
Terms of Trade 105.48 106 107 107 108 109 [+]
Foreign Direct Investment 12918.00 11740 11549 12760 13971 14151 [+]
Remittances 57.00 42.57 47.3 84.74 90.49 52.26 [+]
Tourist Arrivals 3804158.00 4200068 1702318 2044948 3539927 2921899 [+]
Gold Reserves 512.99 513 509 508 506 493 [+]
Crude Oil Production 47.00 48 48 47.3 47.3 50.27 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -1.30 -2.6 -2.65 -2.84 -3.02 -2 [+]
Government Debt to GDP 33.00 31 31 37.16 38.51 35 [+]
Government Budget Value 2397006.00 -852831 -951707 -1420386 -1851632 -1257296 [+]
Government Spending 3211181.80 3475927 3518940 3504748 3509431 3673074 [+]
Credit Rating 44.58 [+]
Government Debt 647200.00 648000 654630 655225 655167 642293 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 104.90 109 109 101 102 99 [+]
Manufacturing PMI 49.00 49.2 50.26 49.67 49.9 51.38 [+]
Industrial Production 3.80 1.4 3.3 0.11 -0.32 3 [+]
Industrial Production Mom -0.10 0.35 0.43 0.38 0.38 0.61 [+]
Manufacturing Production 4.70 3.19 2.63 5.58 5.3 2.93 [+]
Capacity Utilization 75.10 75.1 75.1 74.58 74.57 74.1 [+]
Changes in Inventories -266339.90 412293 -332436 -51966 -38806 -51484 [+]
Bankruptcies 712.00 692 692 1219 1297 648 [+]
Car Registrations 118469.00 101769 97401 97126 94104 79516 [+]
Competitiveness Index 4.46 4.46 4.46 6 6 4.28 [+]
Competitiveness Rank 45.00 45 45 53.5 53.5 54.11 [+]
Corruption Index 45.00 45 45 43.99 43.81 39.08 [+]
Corruption Rank 64.00 64 64 65.46 64.89 56.3 [+]
Ease of Doing Business 55.00 55 55 64.9 65.46 68 [+]
Leading Economic Index 232.38 238 243 228 228 286 [+]
Total Vehicle Sales 86158.00 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 66.45 68.73 70.56 70.59 71.68 86 [+]
Retail Sales MoM 0.30 -1.44 -1.28 -0.74 -0.63 0.69 [+]
Retail Sales YoY 3.80 2.61 3.41 1.88 1.81 4.67 [+]
Consumer Spending 20982193.60 22324908 22217724 21213791 21157064 25052178 [+]
Consumer Credit 369254169.00 382823203 391793062 399966151 407453664 471244077 [+]
Economic Optimism Index 78.66 72.57 85.59 92.04 94.01 99 [+]
Gasoline Prices 1.77 1.8 1.83 1.83 1.82 2 [+]
Private Sector Credit 1149575253.00 1169575253 1189575253 1400871334 1455946923 1589575253 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 181.79 179 181 208 215 214 [+]
Construction Output 1.40 2.61 -1.63 2.96 3.2 3.82 [+]
Home Ownership Rate 67.30 67.3 67.3 67.3 67.3 67.3 [+]
Housing Starts 7688.00 7064 7070 7066 7061 7056 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 20.00 24.96 24.96 24.96 24.96 24.95 [+]
Personal Income Tax Rate 35.00 35.46 35.46 35.45 35.44 35.45 [+]
Sales Tax Rate 18.00 18 18 18 18 18 [+]
Social Security Rate 37.50 37.5 37.5 34.72 34.72 34.61 [+]
Social Security Rate For Companies 22.50 22.5 22.5 19.84 19.84 19.61 [+]
Social Security Rate For Employees 15.00 15.03 15.03 15.03 15.03 15 [+]



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. 7/5/2015