Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Turkey. Statistics, Data and Indicators

flag
Turkey
44BB- Credit rank #68
127.64 Quality of life #43
101 Corruption rank#72
33 Ease of doing business#43
Turkey


Turkey Major Economic Indicators

Indicator Data Period
GDP Value 906 USD Billion 2022
GDP Annual Growth Rate 3.8 % 2Q/23
GDP Growth Rate 3.5 % 2Q/23
GDP per capita 13991 USD 2022
Inflation Rate YoY 58.94 % Aug/23
Interest Rate 30 % Sep/23
Unemployment Rate 9.4 % Jul/23
Balance of Trade -8880 USD Million | -8.88 B USD Aug/23
Current Account -5466 USD Million | -5.466 B USD Jul/23
Foreign Exchange Reserves 80060 USD Million | 80.06 B USD Sep/23
Government Debt 5879981 TRY Million | 215.67 B USD Aug/23


GDP Indicators

Indicator Data Period
GDP Value 906 USD Billion 2022
GDP Annual Growth Rate 3.8 % 2Q/23
GDP Growth Rate 3.5 % 2Q/23
GDP per capita 13991 USD 2022
Gross National Product 31671244 TRY Thousand | 6.9 USD Billion 2Q/16
GDP Constant Prices 526577408 TRY Thousand | 19.314 B USD 2Q/23
GDP per capita PPP 32998 USD 2022
GDP From Agriculture  18879000 TRY Thousand | 0.692 B USD 2Q/23
GDP From Construction  28059208 TRY Thousand | 1.029 B USD 2Q/23
GDP From Manufacturing  88587168 TRY Thousand | 3.249 B USD 2Q/23
GDP From Public Administration  53283532 TRY Thousand | 1.954 B USD 2Q/23
GDP From Services  139513472 TRY Thousand | 5.117 B USD 2Q/23


Budget Indicators

Indicator Data Period
Government Debt to GDP 31.7 % 2022
Government Budget Value 51.27 TRY Thousand | 0 USD Billion Aug/23
Government Spending 67390992 TRY Thousand | 2.472 USD Billion 2Q/23
Government Debt 5879981 TRY Million | 215.67 USD Billion Aug/23
Government Revenues 614 TRY Thousand | 0 USD Billion Aug/23
Fiscal Expenditure  563 TRY Thousand | 0 B USD Aug/23
Government Budget to GDP -0.9 % 2022
Military Expenditure 10645 USD Million | 10.645 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 1614 index points Aug/23
Export Prices 114 index points Jul/23
Food Inflation 72.86 % Aug/23
Gasoline Prices 1.36 USD/Liter Sep/23
GDP Deflator 209 index points 2Q/23
Import Prices 127 index points Jul/23
Inflation Rate YoY 58.94 % Aug/23
Producer Prices 2660 index points Aug/23
Inflation Rate Mom 9.09 % Aug/23
Core Consumer Prices 1279 Index Points Aug/23
Core Inflation Rate 64.85 % Aug/23
CPI Housing Utilities 1307 Index Points Aug/23
CPI Transportation 2077 Index Points Aug/23
Harmonised Consumer Prices 619 Index Points Aug/23
Producer Prices Change  49.41 % Aug/23


Trade Indicators

Indicator Data Period
Current Account to GDP -5.4 % 2022
Weapons Sales 398 USD Million 2022
Balance of Trade -8880 USD Million | -8.88 USD Billion Aug/23
Capital Flows -1103 USD Million | -1.103 USD Billion Jul/23
Current Account -5466 USD Million | -5.466 USD Billion Jul/23
Exports 21620 USD Million | 21.62 USD Billion Aug/23
External Debt 475650 USD Million | 475.65 USD Billion 1Q/23
Foreign Exchange Reserves 80060 USD Million | 80.06 USD Billion Sep/23
Imports 30490 USD Million | 30.49 USD Billion Aug/23
Terms of Trade  89.57 Index Points Jul/23
Tourism Revenues  12975 USD Million | 12.975 B USD Jun/23
Tourist Arrivals 6660700 Persons | 6.661 Million Persons Aug/23


Money Indicators

Indicator Data Period
Gold Reserves 440 Tonnes 2Q/23
Interbank Rate 15.63 % Sep/23
Interest Rate 30 % Sep/23
Loans to Private Sector 4776102400 TRY Thousand | 175.181 USD Billion Jul/23
Money Supply M1 4545718784 TRY Thousand | 166.731 USD Billion Aug/23
Money Supply M2 12025285632 TRY Thousand | 441.072 USD Billion Aug/23
Money Supply M3 12343367680 TRY Thousand | 452.738 USD Billion Aug/23
Central Bank Balance Sheet 5630173696 TRY Thousand | 206.507 B USD Aug/23
Deposit Interest Rate 28.5 % Sep/23
Foreign Direct Investment 521 USD Million | 0.521 B USD 2023
Private Sector Credit  7880814080 TRY Thousand | 2890.578 B USD Jul/23


Labor Indicators

Indicator Data Period
Minimum Wages 13414 TRY/Month | 492.008 USD/Month 4Q/23
Retirement Age Men 60 2022
Retirement Age Women 58 2022
Unemployment Rate 9.4 % Jul/23
Youth Unemployment Rate 18 % Jul/23
Employed Persons 31671 Thousand Person | 31.671 Million Person Jul/23
Employment Rate  48.4 % Jul/23
Full Time Employment 23012 Thousand Person 4Q/20
Labor Force Participation Rate 53.4 % Jul/23
Living Wage Family 3190 TRY/Month | 465.354 USD/Month 2018
Living Wage Individual 1930 TRY/Month | 281.547 USD/Month 2018
Long Term Unemployment Rate 3.5 % 4Q/20
Part Time Employment 3297 Thousand Persons 4Q/20
Unemployed Persons 3291 Thousand Persons | 3.291 Million Persons Jul/23
Wages High Skilled 2830 TRY/Month | 412.838 USD/Month 2018
Wages Low Skilled  1380 TRY/Month | 201.313 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 76 BBL/D/1K May/23
Electricity Production 23502 GWh Jun/23
Industrial Production 7.4 % Jul/23
Mining Production 1.73 % Jul/23
Steel Production 2900 Thousand Tonnes Jul/23
Car Production 73020 Units | 73.02 Units Aug/23
Industrial Production (MoM) -0.4 % Jul/23


Business Indicators

Indicator Data Period
Bankruptcies 1784 companies Aug/23
Business Confidence 104 index points Sep/23
Corruption Index 36 index points 2022
Corruption Rank 101 place 2022
Ease of Doing Business 33 place 2019
Manufacturing PMI 49 index points Aug/23
Manufacturing Production 7.44 % Jul/23
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 94.1 Index points Aug/23
Leading Economic Index  5.62 % Aug/23
Total Vehicle Sales 86454 Units | 0.086 M Units Aug/23


Consumer Indicators

Indicator Data Period
Consumer Confidence 71.47 index points Sep/23
Private Debt To GDP 184 % 2021
Retail Sales MoM 2.7 % Jul/23
Retail Sales YoY 31.01 % Jul/23
Consumer Credit 2558623232 TRY Thousand | 93.847 USD Billion Aug/23
Consumer Spending 400609344 TRY Thousand | 14.694 USD Billion 2Q/23
Households Debt To GDP 11.4 % 1Q/23


Housing Market

Indicator Data Period
Existing Home Sales 86781 Units | 86.781 K Units Aug/23
New Home Sales  31641 Units Jul/23