Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 49.16 49.02 48.91 48.8 48.7
Stock Market (points) 12270.18 11799 11336 10897 10474
Government Bond 10Y (%) 32.84 34.94 34.27 33.62 32.98

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.10 1 0.9 0.7 1.1
GDP Annual Growth Rate (%) 2.30 3.2 3.1 2.9 3
Unemployment Rate (%) 7.80 8.2 8.1 8 8.1
Inflation Rate (%) 31.51 31 30 28 26.5
Inflation Rate MoM (%) 1.84 1.5 1.3 1.1 0.9
Interest Rate (%) 37.00 37 36 34 32
Balance of Trade (USD Million) -5239.26 -8200 -9900 -11200 -8200
Current Account (USD Million) 36.00 -7500 -5000 -1900 1000
Manufacturing PMI (points) 47.90 49.7 50 50.2 50.5
Business Confidence (points) 102.00 103 105 106 106
Retail Sales MoM (%) 0.20 0.7 0.6 1.4 1
Consumer Confidence (points) 91.90 91.7 91.5 91 92
Current Account to GDP (% of GDP) -1.90 -2.8
Government Debt to GDP (% of GDP) 23.80 24.5
Government Budget (% of GDP) -0.80 -3.3

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.10 1 0.9 0.7 1.1
GDP Annual Growth Rate (%) 2.30 3.2 3.1 2.9 3
GDP Constant Prices (TRY Thousand) 592720250.00 681497389 570193015 609909137 610501858
Gross Fixed Capital Formation (TRY Thousand) 154014908.00 182122195 149184913 158481340 158635355
GDP from Manufacturing (TRY Thousand) 97267988.00 106184508 94834744 100088760 100186028
GDP from Services (TRY Thousand) 152752680.00 175466992 142549872 157182508 157335260
GDP from Agriculture (TRY Thousand) 22263077.00 28323105 13407202 22908706 22930969
GDP from Construction (TRY Thousand) 32994262.00 33536787 30037679 33951096 33984090
GDP from Public Administration (TRY Thousand) 55411945.00 57422967 60034157 57018891 57074303
GDP (USD Billion) 1597.29 1648
GDP per Capita (USD) 15883.12 16391
GDP per Capita PPP (USD) 37300.75 38494
Full Year GDP Growth (%) 3.60 3.2

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 7.80 8.2 8.1 8 8.1
Employed Persons (Thousand ) 32507.00 32800 33000 33200 33350
Labor Force Participation Rate (%) 52.50 53 52.9 53.2 53.4
Youth Unemployment Rate (%) 14.50 14.9 14.8 14.7 14.8
Labour Costs (points) 1347.80 1306 1694 1725 1705
Wages in Manufacturing (points) 1414.67 1750 1990 2100 2300
Minimum Wages (TRY/Month) 33030.00 33030
Population (Million) 86.09 86.15

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 31.51 31 30 28 26.5
Inflation Rate MoM (%) 1.84 1.5 1.3 1.1 0.9
Core Consumer Prices (points) 133.34 143 153 164 169
Core Inflation Rate (%) 30.07 30 28.5 27.6 26.5
Producer Prices (points) 5781.74 6022 6437 6930 7198
Producer Prices Change (%) 27.95 25.9 25.1 24.8 24.5
Food Inflation (%) 33.79 34 33 32 30
Producer Price Inflation MoM (%) 2.57 0.8 1 0.8 0.7
CPI Transportation (points) 140.14 142 144 146 147
CPI Housing Utilities (points) 148.08 151 163 181 187

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 37.00 37 36 34 32
Deposit Interest Rate (%) 35.50 35.5 34.5 32.5 30.5
Lending Rate (%) 40.00 40 39 37 35
Private Debt to GDP (%) 108.10 112

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (USD Million) -5239.26 -8200 -9900 -11200 -8200
Current Account (USD Million) 36.00 -7500 -5000 -1900 1000
Exports (USD Million) 23466.66 26500 23000 24500 23700
Imports (USD Million) 28705.92 34700 32900 35700 31900
Tourism Revenues (USD Million) 15865.00 15100 11900 19300 28000
Current Account to GDP (% of GDP) -1.90 -2.8

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt (TRY Million) 15893830.00 17130000 18078000 19015000 20045000
Government Debt to GDP (% of GDP) 23.80 24.5
Government Budget (% of GDP) -0.80 -3.3

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Manufacturing PMI (points) 47.90 49.7 50 50.2 50.5
Business Confidence (points) 102.00 103 105 106 106
Industrial Production (%) -0.30 1.5 2.2 3.5 4
Industrial Production Mom (%) -1.00 0.9 0.7 0.5 0.6
Manufacturing Production (%) 0.30 1.8 2.4 2.6 3
Capacity Utilization (%) 74.20 74.5 75.1 75.3 75.4
Car Production (Units) 74368.00 126673 109130 127921 76599

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales MoM (%) 0.20 0.7 0.6 1.4 1
Consumer Confidence (points) 91.90 91.7 91.5 91 92
Retail Sales YoY (%) 10.40 6.5 5.8 4.8 4.5
Consumer Spending (TRY Thousand) 401395174.00 486321736 413167867 413035634 413437029
Consumer Credit (TRY Thousand) 6620147874.00 5748800702 6189434447 6666058051 6818752310
Gasoline Prices (USD/Liter) 1.66 1.73 1.81 1.89 1.97
Economic Optimism Index (points) 101.30 101 100 100 101