Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Currency 2.23 2 2.26 2.26 2.26 2 2 1.89 [+]
Government Bond 10y 8.64 8.97 9.34 8.87 8.97 8.98 8.97 8.97 [+]
Stock Market 79494.69 64673 64673 71141 78255 71589 78283 78283 [+]
GDP Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
GDP 820.21 835 837 838 839 849 854 862 [+]
GDP Growth Rate -0.50 0.55 0.55 0.24 0.91 1.48 1.73 1.73 [+]
GDP Annual Growth Rate 2.10 3.85 3.85 3.27 4.79 3.8 3.52 3.52 [+]
GDP Constant Prices 30803171.10 32252917 30660700 31439541 30919210 36572739 40208663 46595440 [+]
Gross National Product 28950015.50 31981945 30054160 30867230 29514459 35266333 37235249 41839785 [+]
GDP per capita 8716.68 8826 8845 8858 8868 8969 9027 9116 [+]
Gross Fixed Capital Formation 7536187.50 7385859 7369371 7402348 7380789 7378858 7383080 7383080 [+]
GDP per capita PPP 18646.78 18889 18931 18961 18983 19201 19325 19516 [+]
Labour Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 9.80 10.3 9.6 7.7 9.4 9.2 8 9.4 [+]
Employed Persons 25791.00 26154 26166 26147 26152 26410 26540 26802 [+]
Unemployed Persons 2867.00 2628 2652 2652 2646 2645 2648 2647 [+]
Long Term Unemployment Rate 2.10 2.04 2.02 2.14 2.16 2.08 5.05 6.55 [+]
Youth Unemployment Rate 17.20 16.11 15.93 15.93 15.98 16.17 16.16 16.18 [+]
Labor Force Participation Rate 50.50 51.11 51.52 51.66 51.78 51.49 51.21 51.21 [+]
Wages 1512.00 79.68 356 77.83 82.8 356 357 357 [+]
Wages in Manufacturing 169.44 186 191 193 196 203 151 166 [+]
Labour Costs 155.60 162 160 155 159 152 151 154 [+]
Population 76.67 77.36 77.56 77.75 77.75 78.23 79.76 80.2 [+]
Retirement Age Women 58.00 58 58 58 58 58 58 58 [+]
Retirement Age Men 60.00 60 60 60 60 60 60 60 [+]
Prices Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Inflation Rate 8.86 7 8.5 9.08 9.08 4.1 4.33 4.33 [+]
Inflation Rate Mom 0.14 0.63 0.23 0.73 -0.21 0.25 0.24 0.24 [+]
Consumer Price Index CPI 243.74 245 246 248 249 254 260 263 [+]
GDP Deflator 1376.22 1434 1471 1512 1536 1580 1726 1726 [+]
Producer Prices 237.79 240 240 242 243 250 254 259 [+]
Producer Prices Change 9.84 8.5 8 8 8 6 5 5 [+]
Export Prices 108.72 109 109 109 109 110 110 111 [+]
Import Prices 108.47 107 108 107 108 109 110 111 [+]
Food Inflation 13.95 13.92 14.47 14.85 14.75 14.48 14.48 14.48 [+]
Money Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Interest Rate 8.25 10.75 8 8 8 9 6 8 [+]
Interbank Rate 9.12 11.25 12.24 11.99 12.72 11.03 11.31 11.41 [+]
Money Supply M1 242680326.00 253271936 262146463 276897866 289478546 317074461 507516138 694677316 [+]
Money Supply M2 969804162.00 1003244025 1022875393 1061219417 1090625798 1160139204 1534170192 1764448609 [+]
Money Supply M3 1012251775.00 1044143652 1063046658 1100811321 1128984917 1197033922 1546859348 1746369632 [+]
Foreign Exchange Reserves 145091.00 146522 145918 144268 145120 145514 145481 145483 [+]
Loans to Private Sector 949104862.00 995669089 1026063131 1068244656 1098533967 1165002865 1592206867 1859900438 [+]
Trade Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Balance of Trade -8040.00 -6555 -6759 -6133 -6716 -7224 -7191 -7287 [+]
Exports 11440.00 13206 13370 13365 13009 13328 13467 13601 [+]
Imports 19480.00 19761 20129 19497 19725 20553 20658 20888 [+]
Current Account -2770.00 -3502 -3103 -2982 -3699 -4225 -4082 -4071 [+]
Current Account to GDP -7.90 -8.28 -8.14 -7.96 -7.79 -7.61 -7.76 -7.76 [+]
External Debt 386786.00 413427 417466 418535 418698 414836 404250 401830 [+]
Terms of Trade 100.23 98.08 98.79 100 98.93 98.64 98.69 98.69 [+]
Foreign Direct Investment 12387.00 9698 9592 9512 9452 9373 9271 9271 [+]
Remittances 82.00 116 104 63.84 97.72 100 101 101 [+]
Tourist Arrivals 4352429.00 3278615 3377237 4352559 4258733 3003760 3000805 3000806 [+]
Gold Reserves 512.93 532 533 533 437 533 533 533 [+]
Government Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Government Budget -1.20 -0.11 -1.07 0.52 0.52 1.33 2.82 2.59 [+]
Government Debt to GDP 35.85 35.75 35.73 35.7 35.7 35.64 35.49 35.46 [+]
Government Budget Value 5182906.00 -3410324 -7267171 873562 153484 -7383442 -7374126 -7372681 [+]
Government Spending 3277368.00 3558663 3455297 3285682 3308022 3470764 3436195 3467060 [+]
Credit Rating 44.58 [+]
Business Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Business Confidence 107.60 105 106 105 104 103 103 103 [+]
Manufacturing PMI 50.40 51.15 52.87 52.92 51.4 51.69 51.75 51.74 [+]
Industrial Production 5.20 4.41 4.45 3.32 3.63 4.48 4.49 4.48 [+]
Industrial Production Mom 1.70 0.77 0.28 0.6 0.18 0.31 0.3 0.3 [+]
Manufacturing Production 4.30 1.8 2.91 2.21 2.17 2.31 2.3 2.3 [+]
Capacity Utilization 74.40 74.95 72.68 70.45 74.23 72.68 72.84 72.93 [+]
Changes in Inventories -906608.10 90615 -644310 -729459 -84446 -668574 -629185 -646914 [+]
Bankruptcies 1120.00 1178 1726 1219 1366 1728 4 0 [+]
Car Registrations 82977.00 70597 70597 63284 70790 79516 84147 84147 [+]
Consumer Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 74.00 73.28 72.92 73.34 72.94 73.74 73.72 73.74 [+]
Retail Sales MoM -0.10 -0.63 -0.35 0.5 -0.81 0.23 0.48 0.73 [+]
Retail Sales YoY -1.00 6.13 4.44 3.31 3.9 4.43 4.57 4.57 [+]
Consumer Spending 19902065.90 20391106 20167159 20201018 20643782 20773890 20908827 21317187 [+]
Consumer Credit 334588483.00 335110336 337305170 339412896 341213475 347970685 364416775 371188807 [+]
Housing Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Housing Index 17769.00 12819 19060 14301 14301 19025 19001 19001 [+]
Construction Output 2.00 1.86 0.71 0.64 1.39 3.65 0.83 3.5 [+]
Taxes Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 20.00 20 20 20 20 20 20 20 [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 35 35 [+]
Sales Tax Rate 18.00 18 18 18 18 18 18 18 [+]
Social Security Rate 31.50 32 32 32 32 32 32 32 [+]
Social Security Rate For Companies 16.50 17 17 17 17 17 17 17 [+]
Social Security Rate For Employees 15.00 15 15 15 15 15 15 15 [+]





This page includes economic forecasts for Turkey. 10/25/2014