Turkey's largely free-market economy is driven by its industry and, increasingly, service sectors, although its traditional agriculture sector still accounts for about 25% of employment. The automotive, petrochemical, and electronics industries have risen in importance and surpassed the traditional textiles and clothing sectors within Turkey's export mix. However, the recent period of political stability and economic dynamism has given way to domestic uncertainty and security concerns, which are generating financial market volatility and weighing on Turkey’s economic...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 544,538,832 | 509,475,805 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Private Consumption | 2023 Q4 | 6,183,795,022 | 5,404,609,388 | Ths. TRY, NSA | Quarterly |
Real Government Consumption | 2023 Q4 | 83,961,103 | 75,847,634 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 604,780,606 | 597,306,240 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Government Consumption | 2023 Q4 | 1,165,258,192 | 994,804,352 | Ths. TRY, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 155,088,079 | 147,577,348 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Investment | 2023 Q4 | 2,304,839,034 | 2,312,912,730 | Ths. TRY, NSA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 8,431,374,842 | 7,696,613,342 | Ths. TRY, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 2,758,352,729 | 2,485,530,092 | Ths. TRY, NSA | Quarterly |
Real Investment | 2023 Q4 | 60,488,500 | 72,534,804 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 2,057 | 1,972 | 2003=100, SA | Monthly |
Producer Price Index (PPI) | Feb 2024 | 3,149 | 3,035 | Index 2003=100, NSA | Monthly |
Wholesale Price Index | Dec 2013 | 128.21 | 126.81 | 2010=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Jan 2024 | 9.1 | 8.9 | %, SA | Monthly |
Labor Force Employment | Jan 2024 | 32,222 | 32,062 | Ths. #, SA | Monthly |
Labor Force | Jan 2024 | 35,436 | 35,191 | Ths. #, SA | Monthly |
Unemployment | Jan 2024 | 3,214 | 3,129 | Ths. #, SA | Monthly |
Total Employment | 2023 Q4 | 32,020 | 32,043 | Ths. #, NSA | Quarterly |
Total Employment Non-Ag | 2023 Q4 | 27,526 | 26,869 | # Ths., NSA | Quarterly |
Agriculture Employment | Dec 2021 | 4,301 | 4,843 | Ths. #, NSA | Monthly |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | Jan 2024 | 19,721 | 22,618 | Mil. USD, NSA | Monthly |
Balance of Goods | Jan 2024 | -4,448 | -4,620 | Mil. USD, NSA | Monthly |
Imports of Goods | Jan 2024 | 24,169 | 27,238 | Mil. USD, NSA | Monthly |
Current Account Balance | Jan 2024 | -2,556 | -2,126 | Mil. USD, NSA | Monthly |
Real Exports of Goods and Services | 2023 Q4 | 141,386,963 | 142,627,206 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Real Net Exports | 2023 Q4 | -246,725 | 15,295,629 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 2,627,893,305 | 2,563,436,425 | Ths. TRY, NSA | Quarterly |
Net Exports | 2023 Q4 | -57,259,214 | -20,908,776 | Ths. TRY, NSA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 2,685,152,519 | 2,584,345,201 | Ths. TRY, NSA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 141,633,689 | 127,331,576 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Jan 2024 | 608,284,871 | 532,924,279 | Ths. TRY, NSA | Monthly |
Government Budget Balance | Jan 2024 | -184,331,058 | -849,974,265 | Ths. TRY, NSA | Monthly |
Government Expenditures | Jan 2024 | 792,615,929 | 1,382,898,545 | Ths. TRY, NSA | Monthly |
Outstanding Public Debt - Foreign | 2023 Q3 | 482,639 | 478,398 | Mil. USD, NSA | Quarterly |
Outstanding Public Debt | 2023 Q3 | 482,639 | 478,398 | Mil. USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 18 Mar 2024 | 46.5 | 46.5 | % | Daily |
Money Market Rate | 18 Mar 2024 | 43.5 | 43.5 | % | Daily |
Stock Market Index | 15 Mar 2024 | 8,828 | 8,883 | Index, NSA | Business Daily |
Treasury Bills (over 31 days) | Apr 2008 | 17.72 | % p.a., NSA | Monthly | |
Real Estate | Reference | Last | Previous | Units | Frequency |
Residential Building Permits | Dec 2023 | 938,077 | 747,799 | #, SAAR | Monthly |
Building Permits | Dec 2023 | 23,975 | 11,617 | #, NSA | Monthly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Dec 2023 | 96.53 | 95.87 | Index Long term avg=100, SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Dec 2023 | 146.9 | 143.44 | Index 2015=100, CDASA | Monthly |
Business Confidence | Dec 2023 | 98.17 | 98.31 | Index long term avg=100, SA | Monthly |
Change in Inventories | 2017 Q1 | -7,596,894,123 | -20,995,989,442 | TRL, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2023 | 85,372,377 | 85,279,553 | #, NSA | Annual |
Births | Dec 2022 | 79,831 | 82,065 | #,NSA | Monthly |
Deaths | Dec 2022 | 43,334 | 39,040 | #, NSA | Monthly |