Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 43.96 43.91 43.61 43.43 43.25
Stock Market (points) 12926.17 13043 12140 11634 11149
Government Bond 10Y (%) 28.64 28.05 27.31 26.87 26.44

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.40 0.9 1 1.4 1.2
GDP Annual Growth Rate (%) 3.40 3.1 2.9 3.1 3.2
Unemployment Rate (%) 8.10 8.5 8.4 8.3 8.2
Inflation Rate (%) 31.53 27.2 23.5 21 16
Inflation Rate MoM (%) 2.96 1.5 1.2 1.6 1.1
Interest Rate (%) 37.00 35 32 30 28
Balance of Trade (USD Million) -9206.00 -7700 -7800 -7800 -8700
Current Account (USD Million) -7253.00 -2400 1850 1300 -3500
Manufacturing PMI (points) 49.30 49.2 50.5 52 52.8
Business Confidence (points) 104.10 102 103 104 105
Consumer Confidence (points) 85.70 85 87 88 89
Retail Sales MoM (%) 1.70 0.1 0.5 0.6 0.4
Current Account to GDP (% of GDP) -0.80 -1.3
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.40 0.9 1 1.4 1.2
GDP Annual Growth Rate (%) 3.40 3.1 2.9 3.1 3.2
GDP Constant Prices (TRY Thousand) 658819890.00 554189621 593991434 667869767 679902126
Gross Fixed Capital Formation (TRY Thousand) 175811793.00 144253567 156818158 173743287 181437770
GDP from Agriculture (TRY Thousand) 27168524.00 12782299 20108564 58998358 28037917
GDP from Construction (TRY Thousand) 32343759.00 29128601 34657011 37954901 33378759
GDP from Public Administration (TRY Thousand) 56026467.00 57956647 54426848 61361370 57819314
GDP from Manufacturing (TRY Thousand) 102301445.00 95324441 96844394 99789005 105575091
GDP from Services (TRY Thousand) 169996544.00 137811834 156619078 165015900 175436433
GDP (USD Billion) 1323.25 1370
GDP per Capita (USD) 15147.84 15678
GDP per Capita PPP (USD) 35294.39 36530
Full Year GDP Growth (%) 3.60 3.5

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 8.10 8.5 8.4 8.3 8.2
Employed Persons (Thousand ) 31953.00 32550 32450 32450 32600
Labor Force Participation Rate (%) 52.10 54.1 54.4 54.7 54.9
Youth Unemployment Rate (%) 14.30 14.7 14.6 14.5 14.4
Labour Costs (points) 996.00 1162 1245 1180 1155
Minimum Wages (TRY/Month) 33030.00 33030
Population (Million) 86.09 86.15

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 31.53 27.2 23.5 21 16
Inflation Rate MoM (%) 2.96 1.5 1.2 1.6 1.1
Core Consumer Prices (points) 117.16 115 124 123 123
Core Inflation Rate (%) 29.46 25 25 16 11.5
Producer Prices (points) 5029.76 4991 5202 5444 5548
Producer Prices Change (%) 27.56 24.25 20 17.5 16
Food Inflation (%) 36.44 22 19 16 14
Producer Price Inflation MoM (%) 2.43 1.2 1 0.9 0.8
CPI Housing Utilities (points) 122.98 112 120 131 133
CPI Transportation (points) 117.22 116 117 119 121

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 37.00 35 32 30 28
Deposit Interest Rate (%) 35.50 33.5 30.5 28.5 26.5
Lending Rate (%) 40.00 38 35 33 31
Private Debt to GDP (%) 116.70 112

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (USD Million) -9206.00 -7700 -7800 -7800 -8700
Current Account (USD Million) -7253.00 -2400 1850 1300 -3500
Imports (USD Million) 30271.00 31200 28800 31000 34200
Exports (USD Million) 21065.00 23500 21000 23200 25500
Tourism Revenues (USD Million) 15152.00 10500 18000 27000 15100
Current Account to GDP (% of GDP) -0.80 -1.3

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt (TRY Million) 14264200.00 16200000 16200000 16200000 19100000
Treasury Cash Balance (TRY Million) -246000.00 -270000 -400000 -220000 -270000
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 49.30 49.2 50.5 52 52.8
Business Confidence (points) 104.10 102 103 104 105
Industrial Production Mom (%) 1.20 0.8 0.6 0.4 0.2
Industrial Production (%) -2.10 3.7 3.2 2.6 3.3
Manufacturing Production (%) -2.70 3.6 3.3 3.5 3.8
Capacity Utilization (%) 73.50 75.9 76.1 76.1 76
Car Production (Units) 99247.00 128573 111489 127608 129161

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) 85.70 85 87 88 89
Retail Sales MoM (%) 1.70 0.1 0.5 0.6 0.4
Retail Sales YoY (%) 16.30 8.4 7.2 6.5 5.8
Consumer Spending (TRY Thousand) 468068259.00 392585461 397305538 442242401 483046443
Consumer Credit (TRY Thousand) 5698567112.00 4166368998 4639490004 5157041743 5748800702
Gasoline Prices (USD/Liter) 1.18 1.2 1.25 1.29 1.32
Economic Optimism Index (points) 100.70 100 101 101 102