Turkey Economic Indicators
BALANCE OF TRADE
Last: -3,177.27
UNITS IN: USD Million
The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were road vehicles, textil...
The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were road vehicles, textil...
GDP GROWTH RATE
Last: -2.6
UNITS IN: %
On the expenditure side, household consumption is the main component of Turkish GDP and accounts for 70 percent, followed by gross fixed capital formation (22 percent) and government expenditure (15 percent). Exports of goods and services account for 27 percent of GDP while imports account for 32 pe...
On the expenditure side, household consumption is the main component of Turkish GDP and accounts for 70 percent, followed by gross fixed capital formation (22 percent) and government expenditure (15 percent). Exports of goods and services account for 27 percent of GDP while imports account for 32 pe...
INTEREST RATE
Last: 19.75
UNITS IN: %
In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150...
In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150...
Credit Rating
| Moody's | S&P | Fitch | DBRS |
|---|---|---|---|
| B1 | B+ | BB- | BB (high) |
| Negative | Stable | Negative | Negative |
| Moody's | S&P | Fitch | DBRS | ||||
|---|---|---|---|---|---|---|---|
| Rating | Outlook | Rating | Outlook | Rating | Outlook | Rating | Outlook |
| B1 | Negative | B+ | Stable | BB- | Negative | BB (high) | Negative |
All Economic Indicators
GDP
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Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| GDP | 766.51 Dec 2018 | 851.55 Dec 2017 | 7.99 Dec 1961 | 950.58 Dec 2013 | USD Billion | Yearly | 1960 - 2018 |
| GDP Annual Growth Rate | -2.6 Mar 2019 | -3 Dec 2018 | -14.4 Mar 2009 | 11.7 Mar 2011 | % | Quarterly | 1999 - 2019 |
| GDP Constant Prices | 385,221,092.9 Mar 2019 | 450,961,520 Dec 2018 | 148,486,309.2 Mar 1999 | 464,822,255.5 Dec 2017 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Agriculture | 10,691,613 Mar 2019 | 24,788,022 Dec 2018 | 6,480,266 Mar 2002 | 54,843,545.9 Sep 2018 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Construction | 24,255,743.3 Mar 2019 | 30,976,895.4 Dec 2018 | 5,582,784.3 Mar 2002 | 36,146,657.3 Sep 2017 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Manufacturing | 67,156,607.4 Mar 2019 | 73,726,975.3 Dec 2018 | 23,491,042 Dec 2001 | 79,601,043.7 Dec 2017 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Mining | 213,551.9 Jun 2016 | 164,785.9 Mar 2016 | 116,491.4 Mar 2004 | 255,476.1 Sep 2014 | TRY THO | Quarterly | 1998 - 2016 |
| GDP From Public Administration | 45,952,228.61 Mar 2019 | 45,002,063.81 Dec 2018 | 21,779,242.77 Sep 1998 | 45,952,228.61 Mar 2019 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Services | 88,537,213.2 Mar 2019 | 106,768,068.3 Dec 2018 | 35,367,503.2 Mar 1999 | 107,042,725.3 Dec 2017 | TRY THO | Quarterly | 1998 - 2019 |
| GDP From Transport | 4,095,462 Jun 2016 | 3,875,510 Mar 2016 | 1,498,463 Mar 1999 | 4,175,844 Dec 2015 | TRY THO | Quarterly | 1998 - 2016 |
| GDP From Utilities | 587,421 Jun 2016 | 479,733 Mar 2016 | 204,058 Mar 1998 | 716,688 Dec 2015 | TRY THO | Quarterly | 1998 - 2016 |
| GDP Growth Rate | 1.3 Mar 2019 | -2.4 Dec 2018 | -5.2 Jun 2001 | 5.6 Mar 2002 | % | Quarterly | 1998 - 2019 |
| GDP per capita | 15,026.7 Dec 2018 | 14,870.7 Dec 2017 | 3,134.8 Dec 1961 | 15,026.7 Dec 2018 | USD | Yearly | 1960 - 2018 |
| Gross National Product | 31,671,243.4 Jun 2016 | 30,367,559.6 Mar 2016 | 14,600,600.2 Mar 1999 | 35,262,640.5 Sep 2015 | TRY THO | Quarterly | 1998 - 2016 |
| GDP per capita PPP | 25,286.6 Dec 2018 | 25,024 Dec 2017 | 11,289.9 Dec 1991 | 25,286.6 Dec 2018 | USD | Yearly | 1990 - 2018 |
| Gross Fixed Capital Formation | 100,644,723.3 Mar 2019 | 120,801,435.6 Dec 2018 | 82,266.4 Mar 1996 | 138,694,476 Dec 2017 | TRY THO | Quarterly | 1996 - 2019 |
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Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Aug 15, 2019 | 07:13 | Turkish Unemployment Rate Jumps in May |
| Aug 5, 2019 | 07:49 | Turkey Annual Inflation Rate Rises to 16.65% in July |
| Jul 31, 2019 | 07:21 | Turkish Trade Deficit Narrows as Exports, Imports Fall |
| Jul 25, 2019 | 11:12 | Turkey Cuts Interest Rates by 425bps |
| Jul 16, 2019 | 08:45 | Turkish Jobless Rate Rises to 13% |
| Jul 3, 2019 | 09:43 | Turkey Annual Inflation Rate at 1-Year Low in June |
| Jun 28, 2019 | 07:45 | Turkish Trade Deficit Narrows Sharply in May |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT |
|---|---|---|
| May 31, 2019 | 07:00 | GDP Growth Rate YoY |
| Jun 24, 2018 | 00:00 | Presidential Election |
| Jun 24, 2018 | 00:00 | Parliamentary Election |
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