Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 2.38 2.38 2.43 2 2 2.07 [+]
Government Bond 10y 6.82 7 6.7 6.8 7.5 8.3 [+]
Stock Market 91150.00 89200 90100 98100 107900 118700 [+]
GDP Actual Q1/15 Q2/15 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 2.85 3.2 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 8866 8877 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 Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 10.40 11.93 10.3 11.63 11.62 11.62 [+]
Employed Persons 26138.00 25912 26287 26075 26076 26076 [+]
Unemployed Persons 3043.00 2925 2848 2901 2901 2901 [+]
Long Term Unemployment Rate 2.10 1.99 2.09 1.98 1.98 1.98 [+]
Youth Unemployment Rate 19.50 20.36 20.85 19.81 19.77 19.77 [+]
Labor Force Participation Rate 50.90 51.74 52.09 51.44 51.46 51.46 [+]
Wages 1512.00 1876 1893 2403 3219 4643 [+]
Wages in Manufacturing 187.21 199 203 234 227 226 [+]
Labour Costs 169.90 186 193 191 157 182 [+]
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 Q1/15 Q2/15 2020 2030 2050
Inflation Rate 8.17 8.78 9.04 4.1 4.33 9.28 [+]
Inflation Rate Mom -0.44 0.12 -0.83 0.22 0.47 0.72 [+]
Consumer Price Index CPI 247.72 249 251 260 260 260 [+]
GDP Deflator 1376.84 1422 1455 1546 1541 1541 [+]
Producer Prices 235.84 235 235 234 234 234 [+]
Producer Prices Change 6.36 8 8 6 5 5.03 [+]
Export Prices 104.18 104 104 104 104 104 [+]
Import Prices 103.08 103 103 103 103 103 [+]
Food Inflation 12.73 14.47 14.85 14.48 14.48 14.48 [+]
Core Consumer Prices 186.43 188 190 212 220 221 [+]
Core Inflation Rate 8.80 10.72 11.46 10.12 9.9 9.9 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 7.75 7.3 7.3 9 6 7.3 [+]
Interbank Rate 8.96 9.31 9.49 8.53 9.38 11.35 [+]
Money Supply M1 251342783.00 263500642 271129607 399874577 473102409 490921162 [+]
Money Supply M2 1011490295.00 1046108436 1064254875 1375539756 1477324948 1487210078 [+]
Money Supply M3 1057303419.00 1093027874 1112406881 1435523658 1539972386 1549899109 [+]
Foreign Exchange Reserves 148102.20 148216 149322 149827 149804 149804 [+]
Loans to Private Sector 1018885943.00 1085057916 1120891404 1571450006 1702039004 1712297332 [+]
Banks Balance Sheet 1778382673.00 1826867862 1856344195 2149968093 2193804708 2195167388 [+]
Central Bank Balance Sheet 374510377.00 372114575 372632055 372184863 372184863 372184863 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -8316.49 -7137 -7576 -7610 -7609 -7609 [+]
Exports 13131.52 13029 12719 13097 13104 13104 [+]
Imports 21448.01 20166 20295 20707 20713 20713 [+]
Current Account -5636.00 -3522 -3258 -4079 -4076 -4076 [+]
Current Account to GDP -7.90 -8.18 -8 -7.77 -7.77 -7.77 [+]
External Debt 396800.00 407758 410350 406668 405210 405167 [+]
Terms of Trade 101.07 103 104 98.9 98.09 99.9 [+]
Foreign Direct Investment 12387.00 9698 9592 9373 9271 9271 [+]
Remittances 64.00 24.27 55.72 80.44 63.4 63.4 [+]
Tourist Arrivals 1580041.00 2687637 3837919 2433550 2434719 2434718 [+]
Gold Reserves 523.73 537 538 539 539 539 [+]
Crude Oil Production 48.00 47.6 47.35 48.37 51.35 48.37 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -1.30 -1.32 -1.34 -1.61 -1.71 -1.72 [+]
Government Debt to GDP 33.00 32.33 31.72 26.23 25.42 25.4 [+]
Government Budget Value 3358449.00 1956197 1441762 -5195910 -5192038 -5192037 [+]
Government Spending 3308166.30 3574356 3350647 3390466 3388657 3388654 [+]
Credit Rating 44.58 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 103.20 104 103 102 102 102 [+]
Manufacturing PMI 51.40 52.32 51.78 51.68 51.68 51.68 [+]
Industrial Production 0.70 1.32 2.28 2.72 3.66 1.69 [+]
Industrial Production Mom -0.20 0.02 -0.43 0.22 0.47 0.72 [+]
Manufacturing Production -0.30 1.42 0.54 1.13 1.16 1.16 [+]
Capacity Utilization 73.70 71.35 75.16 73.63 73.67 73.68 [+]
Changes in Inventories 645470.70 491972 -883227 523251 526197 526095 [+]
Bankruptcies 2561.00 1218 1311 1784 1784 1784 [+]
Car Registrations 93842.00 84798 90426 79516 84147 95109 [+]
Leading Economic Index 232.11 237 242 260 260 260 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 67.71 68.31 67.54 68.19 68.22 68.22 [+]
Retail Sales MoM 0.60 1.97 0.83 0.85 0.85 0.85 [+]
Retail Sales YoY 3.80 -1.46 -0.87 0.71 0.7 0.7 [+]
Consumer Spending 21898041.60 22082522 20730373 21234799 21196837 21196832 [+]
Consumer Credit 353459661.00 366291953 377386421 483011335 499711041 500190588 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 9473.00 15294 10545 15235 15235 15235 [+]
Construction Output 1.20 -1.37 -1.26 0.72 0.89 0.91 [+]
Taxes Actual Q1/15 Q2/15 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 [+]