Markets Actual Q4 Q1 Q2 Q3
Currency 5.35 6.13 6.26 6.39 6.53
Stock Market 92262.52 96783 95059 93364 91709 points
Government Bond 10y 16.83 17.72 18.13 18.55 18.99 percent
Overview Actual Q4 Q1 Q2 Q3
GDP Growth Rate -1.10 -0.7 0.7 0.5 0.5 percent
GDP Annual Growth Rate 1.60 0.5 1.1 1.5 1.2 percent
Unemployment Rate 11.10 11.5 11.7 11.9 12.1 percent
Inflation Rate 21.62 20 19.1 17.5 16.8 percent
Inflation Rate Mom -1.44 0.7 0.5 0.5 0.4 percent
Interest Rate 24.00 24 22 20 17.75 percent
Interbank Rate 24.01 27.26 25.26 23.26 21.01 percent
Balance of Trade -456.10 -3900 -600 -1000 -900 USD Million
Exports 15719.44 15600 17200 15500 17600 USD Million
Government Debt to GDP 28.30 32.5 34.2 34.2 34.2 percent
Government Budget -1.50 -2 -1.8 -1.8 -1.8 percent of GDP
Business Confidence 92.80 95.5 99.1 102 105 Index Points
Manufacturing PMI 44.70 47.2 49.5 51.9 52.5
Consumer Confidence 59.60 52.7 55.1 57.6 59.5 Index Points
Retail Sales MoM -4.60 -0.7 -0.3 0.7 -0.6 percent
Corporate Tax Rate 22.00 22 22 22 22 percent
Personal Income Tax Rate 35.00 35 35 35 35 percent
GDP Actual Q4 Q1 Q2 Q3
GDP Growth Rate -1.10 -0.7 0.7 0.5 0.5 percent
GDP Annual Growth Rate 1.60 0.5 1.1 1.5 1.2 percent
GDP 851.10 815 849 849 849 USD Billion
GDP Constant Prices 457722367.40 460174033 388105700 424539314 436176433 TRY THO
Gross Fixed Capital Formation 125935686.70 137307531 112704531 129144651 132684656 TRY THO
GDP per capita 14933.27 15500 16100 16100 16100 USD
GDP per capita PPP 25129.34 25700 26400 26400 26400 USD
GDP From Agriculture 54843545.90 24652450 10125008 16887813 17350728 TRY THO
GDP From Construction 34246741.00 33590871 26377792 32653372 33548439 TRY THO
GDP From Manufacturing 69137857.90 78805033 69342786 72382624 74366716 TRY THO
GDP From Public Administration 43046748.90 42155899 41485181 44726018 45952010 TRY THO
GDP From Services 105143134.20 105972298 90494496 97360586 100029353 TRY THO
Labour Actual Q4 Q1 Q2 Q3
Unemployment Rate 11.10 11.5 11.7 11.9 12.1 percent
Employed Persons 29318.00 27800 28200 28600 27900 Thousand
Unemployed Persons 3670.00 3620 3430 3320 3570 Thousand
Labor Force Participation Rate 53.50 53.6 53.6 53.8 53.8 percent
Long Term Unemployment Rate 2.30 2.4 2.4 2.5 2.5 percent
Youth Unemployment Rate 20.80 21 21.4 21.6 21.8 percent
Labour Costs 166.66 160 165 170 175 Index Points
Wages 2207.00 2800 3000 3000 3000 TRY/Month
Wages in Manufacturing 162.01 175 180 185 189 Index Points
Minimum Wages 2029.50 2030 2280 2280 2184 TRY/Month
Population 80.81 82.15 83.42 83.42 83.42 Million
Retirement Age Women 58.00 58 58 58 58
Retirement Age Men 60.00 60 60 60 60
Wages Low Skilled 1380.00 1480 1550 1550 1550 TRY/Month
Wages High Skilled 2830.00 2950 3100 3100 3100 TRY/Month
Part Time Employment 2946.30 2600 2800 2500 2300 Thousand
Living Wage Family 3190.00 2910 2950 2950 2950 TRY/Month
Living Wage Individual 1930.00 1750 1800 1800 1800 TRY/Month
Employment Rate 47.60 47.8 47.8 48 48 percent
Full Time Employment 25328.80 24400 23900 24100 25600 Thousand
Prices Actual Q4 Q1 Q2 Q3
Inflation Rate 21.62 20 19.1 17.5 16.8 percent
Inflation Rate Mom -1.44 0.7 0.5 0.5 0.4 percent
Consumer Price Index CPI 395.48 394 402 425 463 Index Points
Core Consumer Prices 340.87 339 341 361 393 Index Points
Core Inflation Rate 20.72 19.5 18.1 17.5 16 percent
GDP Deflator 183.20 182 188 194 199 Index Points
Producer Prices 432.55 423 430 462 553 Index Points
Producer Prices Change 38.54 33.8 24.5 19.2 17.5 percent
Export Prices 93.67 94 95 96 97 Index Points
Import Prices 92.18 98 98 101 102 Index Points
Food Inflation 25.66 22.4 19.5 17.5 16.4 percent
Cpi Housing Utilities 443.79 431 442 455 503 Index Points
CPI Transportation 388.79 393 399 433 497 Index Points
Harmonised Consumer Prices 153.79 151 154 163 178 Index Points
Money Actual Q4 Q1 Q2 Q3
Interest Rate 24.00 24 22 20 17.75 percent
Interbank Rate 24.01 27.26 25.26 23.26 21.01 percent
Money Supply M1 522974069.80 551000000 584000000 615000000 645000000 TRY Thousand
Money Supply M2 1984450421.40 1951000000 2091000000 2151000000 2211000000 TRY Thousand
Money Supply M3 2028975586.30 1988000000 2109000000 2179000000 2251000000 TRY Thousand
Foreign Exchange Reserves 127079.20 127847 128002 128027 128031 USD Million
Banks Balance Sheet 4098487430.00 4078000000 4451000000 4871000000 5011000000 TRY Thousand
Loans to Private Sector 1279439729.00 1383000000 1433000000 1451000000 1486000000 TRY Thousand
Deposit Interest Rate 22.50 22.5 20.5 18.5 16.25 percent
Private Debt to GDP 170.80 177 179 179 179 percent
Lending Rate 25.50 25.5 23.5 21.5 19.25 percent
Cash Reserve Ratio 12.00 12 12 12 12 percent
Central Bank Balance Sheet 801298893.00 845000000 898000000 941000000 991000000 TRY Thousand
Trade Actual Q4 Q1 Q2 Q3
Balance of Trade -456.10 -3900 -600 -1000 -900 USD Million
Exports 15719.44 15600 17200 15500 17600 USD Million
Imports 16175.54 19500 17800 16500 18500 USD Million
Current Account 2770.00 1500 -1500 -2000 -2900 USD Million
Current Account to GDP -5.50 -5.5 -1.8 -1.8 -1.8 percent
External Debt 456961.00 495000 505000 522000 544000 USD Million
Terms of Trade 101.61 95.92 96.94 95.05 95.1 Index Points
Capital Flows -3125.00 -2850 -3450 2980 3240 USD Million
Foreign Direct Investment 10900.00 9500 10000 10000 10000 USD Million
Remittances 32.00 45 51 51 51 USD Million
Tourism Revenues 3686.00 8760 4750 8150 14550 USD Million
Tourist Arrivals 3755467.00 1850000 2290000 4750000 4260000
Terrorism Index 7.52 7.52 7.52 7.52 7.52
Crude Oil Production 57.00 50 50 50 50 BBL/D/1K
Government Actual Q4 Q1 Q2 Q3
Government Debt to GDP 28.30 32.5 34.2 34.2 34.2 percent
Government Budget -1.50 -2 -1.8 -1.8 -1.8 percent of GDP
Government Budget Value -8515327.00 -29200000 -16700000 -13500000 -9900000 TRY Thousand
Government Spending 58201812.20 68483884 53851770 57918562 59506177 TRY THO
Government Revenues 60639324.00 55100000 40700000 43700000 39200000 TRY Thousand
Government Debt 1083483.00 1510000 1590000 1650000 1770000 TRY Million
Fiscal Expenditure 69154651.00 84300000 57400000 57200000 49100000 TRY Thousand
Asylum Applications 7086.00 9860 9100 5100 11500 Persons
Taxes Actual Q4 Q1 Q2 Q3
Corporate Tax Rate 22.00 22 22 22 22 percent
Personal Income Tax Rate 35.00 35 35 35 35 percent
Sales Tax Rate 18.00 18 18 18 18 percent
Social Security Rate 37.50 37.5 37.5 37.5 37.5 percent
Social Security Rate For Companies 22.50 22.5 22.5 22.5 22.5 percent
Social Security Rate For Employees 15.00 15 15 15 15 percent
Business Actual Q4 Q1 Q2 Q3
Business Confidence 92.80 95.5 99.1 102 105 Index Points
Manufacturing PMI 44.70 47.2 49.5 51.9 52.5
Industrial Production -2.70 -2 0.8 2.5 3.2 percent
Industrial Production Mom -2.70 -0.8 0.5 -0.4 0.5 percent
Manufacturing Production -3.20 -2.6 1 2.5 3.6 percent
Capacity Utilization 74.10 76.5 74.4 72.5 72.9 percent
Changes in Inventories -3640862.40 -1780000 -3200000 -3200000 14200000 TRY THO
Bankruptcies 1235.00 2420 950 850 1000 Companies
Total Vehicle Sales 58204.00 120000 70500 46600 69930
Car Production 131231.00 125800 150500 127900 128200 Units
Car Registrations 38119.00 93000 91900 60800 75980
Leading Economic Index 1.01 2.5 2.2 2.2 2.4 percent
Steel Production 3164.25 2720 3000 2800 2800 Thousand Tonnes
Mining Production 5.00 2.4 3.2 3 2.7 percent
Competitiveness Index 61.60 62.1 62.1 62.1 62.1 Points
Competitiveness Rank 61.00 61 61 61 61
Ease of Doing Business 43.00 59 58 58 58
Electricity Production 25075.00 24000 23800 22900 24400 Gigawatt-hour
Corruption Index 40.00 40 40 40 40 Points
Corruption Rank 81.00 81 81 81 81
Consumer Actual Q4 Q1 Q2 Q3
Consumer Confidence 59.60 52.7 55.1 57.6 59.5 Index Points
Retail Sales MoM -4.60 -0.7 -0.3 0.7 -0.6 percent
Retail Sales YoY -3.40 -2.8 0.5 1.5 3.4 percent
Consumer Spending 269714419.80 279602176 244853860 258126835 265202393 TRY THO
Consumer Credit 517637967.00 559000000 568000000 575000000 586000000 TRY THO
Private Sector Credit 1961712551.00 1914000000 1982000000 1993000000 2005000000 TRY Thousand
Economic Optimism Index 73.70 82 84.1 87.6 91.5 Index points
Households Debt To GDP 16.60 18 22 22 22 percent of GDP
Gasoline Prices 1.19 1.25 1.23 1.2 1.18 USD/Liter
Housing Actual Q4 Q1 Q2 Q3
Housing Index 271.90 242 239 235 250 Index points
New Home Sales 60219.00 60700 47900 54600 65100 units
Building Permits 40197.00 75000 45500 65100 58400
Existing Home Sales 67108.00 64100 58200 60700 71400 units
Housing Starts 5598.00 8500 6700 8500 7300 units
Home Ownership Rate 60.40 61.2 61.5 61.5 61.5 percent


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Turkey Industrial Production Tradingeconomics.com Turkey Industrial Production Forecast - was last updated on Tuesday, December 11, 2018.