Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 44.61 44.44 44.3 44.15 44.02
Stock Market (points) 14073.79 12480 12009 11570 11149
Government Bond 10Y (%) 31.95 30.04 29.62 29.21 28.8

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.40 1 1.4 1.2 1.3
GDP Annual Growth Rate (%) 3.40 2.9 3.1 3.2 3.1
Unemployment Rate (%) 8.50 8.4 8.3 8.2 8.1
Inflation Rate (%) 30.87 32 31 29 25
Inflation Rate MoM (%) 1.94 1.2 1.6 1.1 1.3
Interest Rate (%) 37.00 32 30 28 26
Balance of Trade (USD Million) -11263.00 -7800 -7800 -8700 -7500
Current Account (USD Million) -6807.00 1850 1300 -3500 -2150
Manufacturing PMI (points) 47.90 50.5 52 52.8 53.5
Business Confidence (points) 101.00 100 104 105 107
Consumer Confidence (points) 85.00 83 82 84 86
Retail Sales MoM (%) 2.40 0.5 0.6 0.4 0.3
Current Account to GDP (% of GDP) -1.00 -1.3
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.40 1 1.4 1.2 1.3
GDP Annual Growth Rate (%) 3.40 2.9 3.1 3.2 3.1
GDP Constant Prices (TRY Thousand) 658819890.00 593991434 667869767 679902126 679243307
Gross Fixed Capital Formation (TRY Thousand) 175811793.00 156818158 173743287 181437770 181261959
GDP from Manufacturing (TRY Thousand) 102301445.00 96844394 99789005 105575091 105472790
GDP from Services (TRY Thousand) 169996544.00 156619078 165015900 175436433 175266437
GDP from Agriculture (TRY Thousand) 27168524.00 20108564 58998358 28037917 28010748
GDP from Construction (TRY Thousand) 32343759.00 34657011 37954901 33378759 33346416
GDP from Public Administration (TRY Thousand) 56026467.00 54426848 61361370 57819314 57763287
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 Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 8.50 8.4 8.3 8.2 8.1
Employed Persons (Thousand ) 32158.00 32450 32450 32600 32600
Labor Force Participation Rate (%) 52.60 54.4 54.7 54.9 55
Youth Unemployment Rate (%) 15.80 15.7 15.6 15.5 15.4
Labour Costs (points) 996.00 1331 1277 1285 1245
Minimum Wages (TRY/Month) 33030.00 33030
Population (Million) 86.09 86.15

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 30.87 32 31 29 25
Inflation Rate MoM (%) 1.94 1.2 1.6 1.1 1.3
Core Consumer Prices (points) 119.08 124 123 123 133
Core Inflation Rate (%) 29.68 25 16 11.5 11.5
Producer Prices (points) 5145.36 5202 5444 5548 5814
Producer Prices Change (%) 28.08 20 17.5 16 13
Food Inflation (%) 32.36 19 16 14 14
Producer Price Inflation MoM (%) 2.30 1 0.9 0.8 1
CPI Transportation (points) 122.52 124 126 127 129
CPI Housing Utilities (points) 125.33 129 142 148 157

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 37.00 32 30 28 26
Deposit Interest Rate (%) 35.50 30.5 28.5 26.5 24.5
Lending Rate (%) 40.00 35 33 31 29
Private Debt to GDP (%) 116.70 112

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Million) -11263.00 -7800 -7800 -8700 -7500
Current Account (USD Million) -6807.00 1850 1300 -3500 -2150
Exports (USD Million) 21918.00 21000 23200 25500 25000
Imports (USD Million) 33181.00 28800 31000 34200 32500
Tourism Revenues (USD Million) 15152.00 18000 27000 15100 11900
Current Account to GDP (% of GDP) -1.00 -1.3

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt (TRY Million) 14395800.00 15200000 15900000 16700000 17500000
Treasury Cash Balance (TRY Million) -279578.00 -400000 -220000 -270000 -270000
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 47.90 50.5 52 52.8 53.5
Business Confidence (points) 101.00 100 104 105 107
Industrial Production Mom (%) 2.60 0.8 0.6 0.9 0.7
Industrial Production (%) 2.20 2.4 3.5 4.2 4.5
Manufacturing Production (%) 2.40 3.3 3.5 3.8 3.8
Capacity Utilization (%) 73.30 73.4 74.1 74.5 74
Car Production (Units) 116037.00 111489 127608 129161 120446

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 85.00 83 82 84 86
Retail Sales MoM (%) 2.40 0.5 0.6 0.4 0.3
Retail Sales YoY (%) 18.80 7.2 6.5 5.8 4.8
Consumer Spending (TRY Thousand) 468068259.00 397305538 442242401 483046443 482578375
Consumer Credit (TRY Thousand) 5784406155.00 4639490004 5157041743 5748800702 5963722746
Gasoline Prices (USD/Liter) 1.44 1.65 1.42 1.18 1.18
Economic Optimism Index (points) 97.90 101 101 102 103