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Turkey Economic Indicators

BALANCE OF TRADE
Last: -3,420
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...
CPI
Last: 465.84
UNITS IN: points
GDP GROWTH RATE
Last: 4.5
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...
CURRENT ACCOUNT TO GDP
Last: 1.2
UNITS IN: %
GOVERMENT DEBT TO GDP
Last: 33.1
UNITS IN: %
HOUSING STARTS
Last: 4,510
UNITS IN: Units
INTEREST RATE
Last: 8.25
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...
UNEMPLOYMENT RATE
Last: 13.7
UNITS IN: %
In Turkey, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Currency
usd/try:6.864
Inverted Rate: 0.146

Credit Rating

Moody'sS&PFitchDBRSScope Ratings
RatingOutlookRatingOutlookRatingOutlookRatingOutlookRatingOutlook
B1NegativeB+StableBB-StableBB (high)NegativeBB-Negative

All Economic Indicators

GDP
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
754.41
Dec 2019
771.35
Dec 2018
7.99
Dec 1961
950.58
Dec 2013
 USD Billion Yearly 1960 - 2019
GDP Annual Growth Rate
4.5
Mar 2020
6
Dec 2019
-14.4
Mar 2009
11.7
Mar 2011
 % Quarterly 1999 - 2020
GDP Constant Prices
404,437,684.1
Mar 2020
478,382,417.6
Dec 2019
148,486,309.2
Mar 1999
478,382,417.6
Dec 2019
 TRY THO Quarterly 1998 - 2020
GDP From Agriculture
11,115,755
Mar 2020
25,617,593
Dec 2019
6,480,266
Mar 2002
57,635,337
Sep 2019
 TRY THO Quarterly 1998 - 2020
GDP From Construction
24,290,595.4
Mar 2020
29,640,044.8
Dec 2019
5,582,784.3
Mar 2002
36,195,914.4
Sep 2017
 TRY THO Quarterly 1998 - 2020
GDP From Manufacturing
71,562,833
Mar 2020
78,256,696.7
Dec 2019
23,491,042
Dec 2001
79,790,742
Dec 2017
 TRY THO Quarterly 1998 - 2020
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
48,202,167.7
Mar 2020
47,340,874.38
Dec 2019
21,779,242.77
Sep 1998
48,202,167.7
Mar 2020
 TRY THO Quarterly 1998 - 2020
GDP From Services
92,239,191.1
Mar 2020
114,297,385.5
Dec 2019
35,367,503.2
Mar 1999
114,297,385.5
Dec 2019
 TRY THO Quarterly 1998 - 2020
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
0.6
Mar 2020
1.9
Dec 2019
-5.2
Jun 2001
5.8
Dec 2016
 % Quarterly 1998 - 2020
GDP per capita
14,999
Dec 2019
15,069
Dec 2018
3,134.8
Dec 1961
15,069
Dec 2018
 USD Yearly 1960 - 2019
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
101,761,743.6
Mar 2020
121,686,729.3
Dec 2019
82,266.4
Mar 1996
138,491,375.1
Dec 2017
 TRY THO Quarterly 1996 - 2020
prices
business
trade
labour
government
money
consumer
taxes
housing
climate

Latest Releases and Calendar Events

News

All News
Time zone: GMT
DATETIMETITLE
Jan 16, 202011:12Turkey Surprises with 75bps Rate Cut
Jan 3, 202015:56Turkish Inflation Rate at 4-Month High of 11.84%
Dec 31, 201907:54Turkish Trade Gap Widens Sharply in November
Dec 16, 201912:09Turkish Jobless Rate Rises to 13.8% in September
Dec 12, 201911:10Turkey Cuts Interest Rates by 200bps
Dec 3, 201913:18Turkish Inflation Rate Rises Less than Expected
Dec 2, 201911:32Turkish Economy Expands for First Time in a Year

Calendar

ECONOMIC CALENDAR
Time zone: GMT
DATETIMEEVENTActual
May 29, 202007:00GDP Growth Rate YoY4.5 %
Feb 28, 202007:00GDP Growth Rate YoY6 %
Sep 2, 201907:00GDP Growth Rate YoY-1.5 %
May 31, 201907:00GDP Growth Rate YoY-2.6 %
Jun 24, 201800:00Presidential Election
Jun 24, 201800:00Parliamentary Election

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