Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 2.66 2.63 2.78 1.93 1.56 1.96 [+]
Government Bond 10y 8.88 8.9 8.64 8.25 8.24 8.24 [+]
Stock Market 86565.00 82927 85835 101328 136198 189938 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 820.21 867 875 1067 1424 2137 [+]
GDP Growth Rate 0.70 0.81 1.15 1.48 0.93 0.93 [+]
GDP Annual Growth Rate 2.60 2.2 3 3.8 3.9 3.9 [+]
GDP Constant Prices 32104187.90 33418113 34468784 43844191 53841178 71007726 [+]
Gross National Product 31221057.20 33449594 32068751 36067695 45070878 52070877 [+]
GDP per capita 8716.68 8917 8944 12005 19205 29405 [+]
Gross Fixed Capital Formation 7925596.70 7971898 7799429 8053139 8753127 9953127 [+]
GDP per capita PPP 18646.78 19083 19099 22640 30040 46040 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 11.20 11.1 11 8.67 8.57 8.3 [+]
Employed Persons 25576.00 25030 24615 26037 28974 36973 [+]
Unemployed Persons 3226.00 3282 3357 3365 3865 4165 [+]
Long Term Unemployment Rate 2.10 2.2 2.1 2.34 2.34 2.34 [+]
Youth Unemployment Rate 18.60 18.4 18.2 18 18 18 [+]
Labor Force Participation Rate 50.90 51.63 51.79 51.94 51.94 51.94 [+]
Wages 1512.00 1921 1948 2403 3219 4643 [+]
Wages in Manufacturing 192.30 202 207 248 261 311 [+]
Labour Costs 183.20 187 191 289 399 569 [+]
Population 77.70 78.15 78.34 81.26 86.59 93.48 [+]
Retirement Age Women 58.00 58 58 59 62 65 [+]
Retirement Age Men 60.00 60 60 60 62 65 [+]
Minimum Wages 424.26 424 424 638 786 1056 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 7.91 7.93 7.62 8.1 4.33 3.76 [+]
Inflation Rate Mom 1.63 0.79 0.69 0.45 0.68 0.68 [+]
Consumer Price Index CPI 259.39 261 266 300 353 473 [+]
GDP Deflator 1390.37 1425 1448 1898 2697 3997 [+]
Producer Prices 245.42 248 250 272 294 382 [+]
Producer Prices Change 4.80 3.71 4.23 6 5 3.06 [+]
Export Prices 97.90 96.01 95.7 102 111 125 [+]
Import Prices 93.93 92.67 91.78 102 111 125 [+]
Food Inflation 14.36 15.85 12.75 10.35 9.28 9.28 [+]
Core Consumer Prices 192.09 194 196 221 245 295 [+]
Core Inflation Rate 7.50 7.56 7.01 10.12 9.9 9.9 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 7.50 7.5 7.75 7.5 7.5 7.5 [+]
Interbank Rate 10.80 10.57 11.1 10.65 10.61 11.27 [+]
Money Supply M1 273977862.00 278980083 283842389 462714450 610581469 896569576 [+]
Money Supply M2 1100327003.00 1123701360 1174774516 1418030762 1752033641 1991080744 [+]
Money Supply M3 1146207629.00 1170010773 1222050701 1943488929 2425753330 3643912284 [+]
Foreign Exchange Reserves 143459.00 141490 140581 145257 165289 185289 [+]
Loans to Private Sector 1122228652.00 1155548333 1208109740 2078605640 2932966486 4591873785 [+]
Banks Balance Sheet 1998678992.00 2145203692 2249493492 2881996605 3909562807 7814909336 [+]
Central Bank Balance Sheet 430506729.00 439995147 448435188 550405530 710405530 960405530 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -6153.67 -7214 -5837 -6457 -6505 -6504 [+]
Exports 12579.00 11637 12802 12735 12748 12748 [+]
Imports 18723.00 18851 18638 19192 19253 19252 [+]
Current Account -4961.00 -4068 -3911 -4812 -4565 -4804 [+]
Current Account to GDP -5.70 -5.27 -5.3 -6.16 -6.15 -6.15 [+]
External Debt 402415.00 407864 411434 407042 406014 405988 [+]
Terms of Trade 104.22 104 104 109 115 129 [+]
Foreign Direct Investment 12918.00 12698 12687 12651 12651 12651 [+]
Remittances 66.00 44.4 42.57 52.26 52.38 58.65 [+]
Tourist Arrivals 1895940.00 2925128 3117544 1751148 1761661 1761723 [+]
Gold Reserves 529.10 534 534 535 535 535 [+]
Crude Oil Production 48.00 48 48 50.27 51.35 51.35 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -1.30 -1.46 -1.61 -1.61 -1.71 -1.72 [+]
Government Debt to GDP 33.00 31 31 35 49 49 [+]
Government Budget Value -3689701.00 -264582 -3738396 -9537050 -9542207 -9542207 [+]
Government Spending 4298320.30 3329132 3401065 3673074 3961091 4561059 [+]
Credit Rating 44.58 [+]
Government Debt 647700.00 720520 787865 887101 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 109.00 111 115 98 98 98 [+]
Manufacturing PMI 48.50 48.1 49.2 49.83 51.56 51.56 [+]
Industrial Production 4.70 2.1 1.4 2.9 4.54 4.54 [+]
Industrial Production Mom 2.20 0.7 1 0.37 0.98 0.98 [+]
Manufacturing Production 5.00 2.76 3.19 3.93 3.93 3.93 [+]
Capacity Utilization 74.90 72.79 73.42 74.57 74.54 74.54 [+]
Changes in Inventories -922000.60 883227 412293 409916 -426197 -426095 [+]
Bankruptcies 992.00 1422 1310 1911 1911 1911 [+]
Car Registrations 106425.00 78695 94487 79516 84147 115411 [+]
Leading Economic Index 231.75 227 223 225 225 225 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 64.29 69.54 68.73 86 86 86 [+]
Retail Sales MoM 0.30 0.3 0.3 0.69 0.89 0.89 [+]
Retail Sales YoY 3.10 2.72 2.72 4.67 6.66 6.66 [+]
Consumer Spending 21685402.10 20556421 21368903 23052178 28020649 39020584 [+]
Consumer Credit 366084788.00 360534386 384093592 478794113 521962574 692281703 [+]
Economic Optimism Index 78.40 75.78 72.57 99 99 99 [+]
Gasoline Prices 1.78 1.8 1.83 1.99 2.22 2.22 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 175.15 177 179 214 299 378 [+]
Construction Output 0.60 2.01 2.61 3.82 4.82 4.82 [+]
Housing Starts 10219.00 8530 8429 7154 6605 6531 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 20.00 20 20 20 20 20 [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 [+]
Sales Tax Rate 18.00 18 18 18 18 18 [+]
Social Security Rate 37.50 37.5 37.5 36.5 36.5 36.5 [+]
Social Security Rate For Companies 22.50 21.5 21.5 21.5 21.5 21.5 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 [+]