Turkey | Economic Forecasts | 2014-2050 Outlook


Markets Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Currency 2.19 2 2.26 2.26 2.26 2 2 1.89 [+]
Government Bond 10y 8.59 8.97 9.34 8.87 8.97 8.98 8.97 8.97 [+]
Stock Market 79589.06 64673 71141 74892 74983 71589 78283 89619 [+]
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 0.43 0.99 0.96 1.48 1.73 0.53 [+]
GDP Annual Growth Rate 2.10 3.85 2.86 3.02 2.83 3.8 3.52 2.79 [+]
GDP Constant Prices 30803171.10 30126971 30426513 31733380 31479770 31057179 31430797 31753835 [+]
Gross National Product 30410892.70 31981945 30054160 30867230 32482983 30989680 30806704 32771262 [+]
GDP per capita 8716.68 8826 8845 8858 8868 8969 9027 9116 [+]
Gross Fixed Capital Formation 7536187.50 7369371 7402348 7380789 7390015 7383080 7383080 7383080 [+]
GDP per capita PPP 18646.78 18931 18961 18983 18999 19230 19325 19516 [+]
Labour Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 9.80 10.4 10.6 8.9 9.6 10.5 10.5 10.6 [+]
Employed Persons 25791.00 25564 25548 25552 25556 25813 25941 26197 [+]
Unemployed Persons 2867.00 2885 2820 2838 2845 2845 2845 2845 [+]
Long Term Unemployment Rate 2.10 2.06 2.1 2.06 2 2.04 2.04 2.04 [+]
Youth Unemployment Rate 17.20 15.93 15.93 15.98 16.09 16.16 16.18 16.18 [+]
Labor Force Participation Rate 50.50 51.52 51.66 51.78 51.63 51.21 51.21 51.21 [+]
Wages 1512.00 1876 1893 1921 1948 2403 3219 4643 [+]
Wages in Manufacturing 178.18 191 193 196 200 151 164 176 [+]
Labour Costs 165.70 162 160 155 153 148 148 157 [+]
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 9.46 4.1 4.33 10.06 [+]
Inflation Rate Mom 0.14 0.23 0.73 -0.21 0.84 0.24 0.24 0.24 [+]
Consumer Price Index CPI 243.74 246 248 249 250 259 260 263 [+]
GDP Deflator 1376.22 1471 1512 1536 1552 1726 1726 1726 [+]
Producer Prices 237.79 240 242 243 244 256 261 272 [+]
Producer Prices Change 9.84 8.5 8 8 11.39 6 5 11.61 [+]
Export Prices 107.33 109 109 109 109 110 110 111 [+]
Import Prices 107.44 108 107 108 107 109 110 111 [+]
Food Inflation 13.95 14.47 14.85 14.75 14.88 14.48 14.48 14.48 [+]
Money Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Interest Rate 8.25 8.25 8 8 8 9 6 8 [+]
Interbank Rate 10.34 11.25 11.01 11.01 10.53 10.87 11.06 11.43 [+]
Money Supply M1 252770711.00 262146463 276897866 289478546 301590758 505016058 687899976 782923415 [+]
Money Supply M2 1000599803.00 1022875393 1061219417 1090625798 1119222078 1526612704 1747234476 1806621102 [+]
Money Supply M3 1044893193.00 1063046658 1100811321 1128984917 1156818424 1539239352 1729331879 1777358752 [+]
Foreign Exchange Reserves 148667.50 145791 144191 144310 145978 145277 145279 145279 [+]
Loans to Private Sector 968567994.00 1026063131 1068244656 1098533967 1134982392 1592206867 1859900438 1920770851 [+]
Trade Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Balance of Trade -8040.00 -6759 -6133 -6716 -6598 -7155 -7216 -7287 [+]
Exports 11440.00 13370 13365 13009 13004 13401 13468 13601 [+]
Imports 19480.00 20129 19497 19725 19603 20556 20684 20889 [+]
Current Account -2770.00 -3558 -3007 -2748 -1918 -3905 -3906 -3906 [+]
Current Account to GDP -7.90 -8.28 -8.14 -7.96 -7.79 -7.61 -7.76 -7.76 [+]
External Debt 401706.00 413427 417466 418535 418698 414836 404250 401830 [+]
Terms of Trade 99.90 98.44 99.88 100 97.7 98.45 98.45 98.45 [+]
Foreign Direct Investment 12387.00 9698 9592 9512 9452 9373 9271 9271 [+]
Remittances 85.00 105 65.01 98.8 118 102 102 102 [+]
Tourist Arrivals 4352429.00 3278615 3377237 4352559 4258733 3003760 3000805 3000806 [+]
Gold Reserves 512.93 532 533 533 533 533 533 533 [+]
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 -7916004.00 -7267171 873562 153484 -2989342 -7374126 -7372681 -7372681 [+]
Government Spending 3277368.00 3455297 3285682 3308022 3461892 3419268 3433235 3467052 [+]
Credit Rating 44.58 [+]
Business Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Business Confidence 106.90 106 105 104 103 103 103 103 [+]
Manufacturing PMI 50.40 52.87 52.92 51.4 50.86 51.75 51.74 51.74 [+]
Industrial Production 5.20 4.31 3.23 3.62 3.61 4.57 4.85 4.23 [+]
Industrial Production Mom -1.30 0.28 0.6 0.18 0.78 0.3 0.3 0.3 [+]
Manufacturing Production 4.30 1.84 2.91 2.2 2.17 2.39 2.38 2.38 [+]
Capacity Utilization 74.90 72.68 70.45 74.23 73.91 72.84 72.93 72.94 [+]
Changes in Inventories 479828.00 -644310 -729459 -84446 257536 -629185 -646914 -646718 [+]
Bankruptcies 995.00 1584 1065 1141 1012 1575 1575 1575 [+]
Car Registrations 87885.00 70597 61616 67663 72428 79516 84147 77988 [+]
Consumer Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 70.30 73.63 73.3 73.66 73.56 73.94 73.96 73.95 [+]
Retail Sales MoM -0.10 -0.39 0.71 -0.29 -0.29 0.23 0.48 0.73 [+]
Retail Sales YoY -1.00 1.23 -0.02 0.87 2.49 2.05 2.02 2.02 [+]
Consumer Spending 19902065.90 20391106 20167159 20201018 20375284 20498353 20594356 20797253 [+]
Consumer Credit 343530305.00 337305170 339412896 341213475 342959596 362621618 367567453 371296684 [+]
Housing Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Housing Index 8067.00 19060 14301 14257 13059 19001 19001 19001 [+]
Construction Output 2.00 0.71 0.64 1.39 2.41 0.83 3.5 1.36 [+]
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. 10/31/2014