Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 43.59 43.48 43.23 43.05 42.87
Stock Market (points) 13761.67 13200 12431 11918 11427
Government Bond 10Y (%) 28.00 29.75 29.12 28.68 28.25

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.10 0.9 1 1.4 1.2
GDP Annual Growth Rate (%) 3.70 3.1 2.9 3.1 3.2
Unemployment Rate (%) 7.70 8.5 8.4 8.3 8.2
Inflation Rate (%) 30.65 27.2 23.5 21 16
Inflation Rate MoM (%) 4.84 1.5 1.2 1.6 1.1
Interest Rate (%) 37.00 35 32 30 28
Balance of Trade (USD Million) -8352.00 -7700 -7800 -7800 -8700
Current Account (USD Million) -3996.00 -2400 1850 1300 -3500
Manufacturing PMI (points) 48.10 50.8 51 52 52.8
Business Confidence (points) 101.60 102 103 104 105
Consumer Confidence (points) 83.70 85 87 88 89
Retail Sales MoM (%) 1.50 0.1 0.5 0.6 0.4
Current Account to GDP (% of GDP) -0.80 -1.3
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.10 0.9 1 1.4 1.2
GDP Annual Growth Rate (%) 3.70 3.1 2.9 3.1 3.2
GDP Constant Prices (TRY Thousand) 646686757.00 554325285 595298069 666734046 667380733
Gross Fixed Capital Formation (TRY Thousand) 168843038.00 144238832 156989550 174077172 174246015
GDP from Manufacturing (TRY Thousand) 96902103.00 95219507 96789239 99906068 100002970
GDP from Services (TRY Thousand) 159706391.00 137692551 156494424 164657289 164816996
GDP from Construction (TRY Thousand) 36751596.00 29117355 34584377 37890895 37927647
GDP from Agriculture (TRY Thousand) 56990889.00 12717579 20008093 58757607 58814597
GDP from Public Administration (TRY Thousand) 59310570.00 57832435 55024374 61149198 61208508
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 (%) 3.20 3.5

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 7.70 8.5 8.4 8.3 8.2
Employed Persons (Thousand ) 32685.00 32550 32450 32450 32600
Labor Force Participation Rate (%) 53.20 54.1 54.4 54.7 54.9
Youth Unemployment Rate (%) 14.10 14.9 14.8 14.7 14.6
Labour Costs (points) 976.40 1162 1247 1181 1133
Minimum Wages (TRY/Month) 33030.00 33030
Population (Million) 85.67 86.15

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 30.65 27.2 23.5 21 16
Inflation Rate MoM (%) 4.84 1.5 1.2 1.6 1.1
Core Consumer Prices (points) 115.40 115 124 123 123
Core Inflation Rate (%) 29.80 25 25 16 11.5
Producer Prices (points) 4910.53 4991 5202 5444 5548
Producer Prices Change (%) 27.17 24.25 20 17.5 16
Food Inflation (%) 31.69 22 19 16 14
Producer Price Inflation MoM (%) 2.67 1.2 1 0.9 0.8
CPI Transportation (points) 114.27 116 117 119 121
CPI Housing Utilities (points) 120.10 112 120 131 133
Harmonised Consumer Prices (points) 1348.17 1442 1484 1563 1564

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 37.00 35 32 30 28
Deposit Interest Rate (%) 35.50 33.5 30.5 28.5 26.5
Lending Rate (%) 40.00 38 35 33 31
Private Debt to GDP (%) 116.70 112

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (USD Million) -8352.00 -7700 -7800 -7800 -8700
Current Account (USD Million) -3996.00 -2400 1850 1300 -3500
Exports (USD Million) 20328.00 23500 21000 23200 25500
Imports (USD Million) 28861.00 31200 28800 31000 34200
Tourism Revenues (USD Million) 15152.00 10500 18000 27000 15100
Current Account to GDP (% of GDP) -0.80 -1.3

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt (TRY Million) 13656000.00 16200000 16200000 16200000 19100000
Treasury Cash Balance (TRY Million) -246000.00 -270000 -400000 -220000 -270000
Government Debt to GDP (% of GDP) 24.70 25.1
Government Budget (% of GDP) -4.90 -3.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 48.10 50.8 51 52 52.8
Business Confidence (points) 101.60 102 103 104 105
Industrial Production (%) 2.40 3.7 3.2 2.6 3.3
Industrial Production Mom (%) 2.50 0.8 0.6 0.4 0.2
Manufacturing Production (%) 2.70 3.6 3.3 3.5 3.8
Capacity Utilization (%) 74.10 75.9 76.1 76.1 76
Car Production (Units) 124433.00 128573 111489 127608 129161

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) 83.70 85 87 88 89
Retail Sales MoM (%) 1.50 0.1 0.5 0.6 0.4
Retail Sales YoY (%) 14.20 8.4 7.2 6.5 5.8
Consumer Spending (TRY Thousand) 431061319.00 393805131 396240778 444424220 444855281
Consumer Credit (TRY Thousand) 5570543316.00 4166368998 4639490004 5157041743 5748800702
Gasoline Prices (USD/Liter) 1.19 1.21 1.25 1.28 1.32
Economic Optimism Index (points) 99.40 100 101 101 102