Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 48.76 48.75 48.55 48.44 48.34
Stock Market (points) 13284.42 13224 12320 11864 11425
Government Bond 10Y (%) 35.27 35.19 33.94 33.3 32.66

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.10 0.5 1 0.9 0.7
GDP Annual Growth Rate (%) 2.30 3.1 3.2 3.1 2.9
Unemployment Rate (%) 8.10 7.9 8.2 8.1 8
Inflation Rate (%) 31.51 31.3 31 30 28
Inflation Rate MoM (%) 1.84 3 1.5 1.3 1.1
Interest Rate (%) 37.00 37 37 36 34
Balance of Trade (USD Million) -5239.00 -7800 -8200 -9900 -11200
Current Account (USD Million) 36.00 1300 -7500 -5000 -1900
Business Confidence (points) 102.80 102 103 105 106
Manufacturing PMI (points) 48.10 49 49.7 50 50.2
Consumer Confidence (points) 90.80 90 89 90 91
Retail Sales MoM (%) 0.20 1 0.7 0.6 1.4
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 Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.10 0.5 1 0.9 0.7
GDP Annual Growth Rate (%) 2.30 3.1 3.2 3.1 2.9
GDP Constant Prices (TRY Thousand) 592720250.00 669437249 681497389 570193015 609909137
Gross Fixed Capital Formation (TRY Thousand) 154014908.00 174526579 182122195 149184913 158481340
GDP from Agriculture (TRY Thousand) 22263077.00 58932872 28323105 13407202 22908706
GDP from Construction (TRY Thousand) 32994262.00 38046073 33536787 30037679 33951096
GDP from Manufacturing (TRY Thousand) 97267988.00 100645268 106184508 94834744 100088760
GDP from Public Administration (TRY Thousand) 55411945.00 61300962 57422967 60034157 57018891
GDP from Services (TRY Thousand) 152752680.00 165130998 175466992 142549872 157182508
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 Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 8.10 7.9 8.2 8.1 8
Employed Persons (Thousand ) 32362.00 32750 32800 33000 33200
Labor Force Participation Rate (%) 52.50 52.9 53 52.9 53.2
Youth Unemployment Rate (%) 14.50 14.3 14.6 14.5 14.4
Labour Costs (points) 1347.80 1280 1306 1694 1725
Wages in Manufacturing (points) 1414.67 1680 1750 1990 2100
Minimum Wages (TRY/Month) 33030.00 33030
Population (Million) 86.09 86.15

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 31.51 31.3 31 30 28
Inflation Rate MoM (%) 1.84 3 1.5 1.3 1.1
Core Consumer Prices (points) 133.34 138 143 153 164
Core Inflation Rate (%) 30.07 30.2 30 28.5 27.6
Producer Prices (points) 5781.74 5930 6022 6437 6930
Producer Prices Change (%) 27.95 28 25.9 25.1 24.8
Food Inflation (%) 33.79 35 34 33 32
Producer Price Inflation MoM (%) 2.57 2.5 0.8 1 0.8
CPI Transportation (points) 140.14 144 147 148 150
CPI Housing Utilities (points) 148.08 143 151 163 181

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

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (USD Million) -5239.00 -7800 -8200 -9900 -11200
Current Account (USD Million) 36.00 1300 -7500 -5000 -1900
Imports (USD Million) 28706.00 31000 34700 32900 35700
Exports (USD Million) 23467.00 23200 26500 23000 24500
Tourism Revenues (USD Million) 15865.00 27000 15100 11900 19300
Current Account to GDP (% of GDP) -1.90 -2.8

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt (TRY Million) 15463000.00 16247000 17130000 18078000 19015000
Government Debt to GDP (% of GDP) 23.80 24.5
Government Budget (% of GDP) -0.80 -3.3

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 102.80 102 103 105 106
Manufacturing PMI (points) 48.10 49 49.7 50 50.2
Industrial Production (%) -0.30 -0.3 1.5 2.2 3.5
Industrial Production Mom (%) -1.00 0.6 0.9 0.7 0.5
Manufacturing Production (%) 0.30 0.9 1.8 2.4 2.6
Capacity Utilization (%) 73.50 74 74.5 75.1 75.3
Car Production (Units) 74368.00 124403 126673 109130 127921

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) 90.80 90 89 90 91
Retail Sales MoM (%) 0.20 1 0.7 0.6 1.4
Retail Sales YoY (%) 10.40 8.9 6.5 5.8 4.8
Consumer Spending (TRY Thousand) 401395174.00 443684338 486321736 413167867 413035634
Consumer Credit (TRY Thousand) 6620147874.00 5157041743 5748800702 6189434447 6666058051
Gasoline Prices (USD/Liter) 1.56 1.57 1.7 1.77 1.85
Economic Optimism Index (points) 100.60 99.8 99.8 100 100