Unlike most economies across the world, Turkey’s GDP grew by 5.9% y/y in the fourth quarter and 1.8% for all of 2020. The fourth quarter’s strong performance was driven by an 8.2% y/y surge in private consumption and construction, which soared by 10.3%. Gains in the domestic economy outweighed the drag on growth from net exports. That Turkey achieved growth while the global economy could not comes down to one thing—credit. The faster...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 Q4 | 1,083,734,215 | 994,075,118 | Ths. TRY, NSA | Quarterly |
Real Private Consumption | 2020 Q4 | 381,556,149 | 361,342,465 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Nominal Gross Domestic Product | 2020 Q4 | 1,524,788,080 | 1,413,804,020 | Ths. TRY, NSA | Quarterly |
Real Investment | 2020 Q4 | 134,251,667 | 149,587,710 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Government Consumption | 2020 Q4 | 238,621,017 | 181,184,266 | Ths. TRY, NSA | Quarterly |
Real Gross Domestic Product | 2020 Q4 | 512,715,333 | 499,945,003 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Investment | 2020 Q4 | 479,706,452 | 471,501,139 | Ths. TRY, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2020 Q4 | 133,971,217 | 132,192,128 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2020 Q4 | 428,851,576 | 377,641,972 | Ths. TRY, NSA | Quarterly |
Real Government Consumption | 2020 Q4 | 78,810,997 | 62,201,953 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2021 | 519.96 | 511.41 | Index 2003=100, SA | Monthly |
Producer Price Index (PPI) | Feb 2021 | 590.52 | 583.38 | Index 2003=100, NSA | Monthly |
Wholesale Price Index | Dec 2013 | 128.21 | 126.81 | 2010=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Total Employment | Nov 2020 | 27,066 | 27,447 | Ths., NSA | Monthly |
Labor Force | Nov 2020 | 31,146 | 31,204 | Ths., SA | Monthly |
Unemployment Rate | Nov 2020 | 12.9 | 12.9 | %, SA | Monthly |
Total Employment Non-Ag | 2020 Q3 | 22,575 | 21,413 | Thousand person | Quarterly |
Labor Force Employment | 2020 Q3 | 27,707 | 26,531 | Thousands, NSA | Quarterly |
Unemployment | 2019 | 4,469 | 3,537 | Ths., NSA | Annual |
Agriculture Employment | 2017 | 6,065,203 | 5,996,468 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Dec 2020 | 20,945 | 19,790 | Mil. USD, NSA | Monthly |
Current Account Balance | Dec 2020 | -3,210 | -3,633 | Mil. USD, NSA | Monthly |
Exports of Goods | Dec 2020 | 17,601 | 15,935 | Mil. USD, NSA | Monthly |
Balance of Goods | Dec 2020 | -3,344 | -3,855 | Mil. USD, NSA | Monthly |
Exports of Goods and Services | 2020 Q4 | 486,729,902 | 380,062,951 | Ths. TRY, NSA | Quarterly |
Real Exports of Goods and Services | 2020 Q4 | 118,432,999 | 97,618,484 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Real Imports of Goods and Services | 2020 Q4 | 121,525,483 | 108,603,656 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Imports of Goods and Services | 2020 Q4 | 525,382,490 | 431,835,189 | Ths. TRY, NSA | Quarterly |
Net Exports | 2020 Q4 | -38,652,588 | -51,772,237 | Ths. TRY, NSA | Quarterly |
Real Net Exports | 2020 Q4 | -3,092,483 | -10,985,172 | Ths. Ch. 2009 TRY, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Expenditures | Jan 2021 | 114,062,321 | 139,354,517 | Ths. TRY, NSA | Monthly |
Government Budget Balance | Jan 2021 | -24,749,434 | -45,934,714 | Ths. TRY, NSA | Monthly |
Government Revenues | Jan 2021 | 89,312,887 | 93,419,803 | Ths. TRY, NSA | Monthly |
Outstanding Public Debt - Foreign | 2020 Q3 | 435,120 | 423,720 | Mil. USD, NSA | Quarterly |
Outstanding Public Debt | 2020 Q3 | 435,120 | 423,720 | Mil. USD, NSA | Quarterly |
Outstanding Public Debt - Domestic | Sep 2018 | -8,186,944 | -7,392,362 | Ths TRY, NSA | Monthly |
Markets | Reference | Last | Previous | Units | Frequency |
Money Market Rate | 08 Mar 2021 | 15.5 | 15.5 | % | Daily |
Lending Rate | 08 Mar 2021 | 18.5 | 18.5 | % | Daily |
Stock Market Index | 08 Mar 2021 | 1,530 | 1,541 | Index, NSA | Business Daily |
Treasury Bills (over 31 days) | Apr 2008 | 17.72 | % p.a., NSA | Monthly | |
Real Estate | Reference | Last | Previous | Units | Frequency |
Building Permits | Sep 2020 | 9,116 | 7,296 | Number of Buildings, NSA | Monthly |
Residential Building Permits | Sep 2020 | 499,471 | 517,061 | #, SAAR | Monthly |
Dwelling Stocks | Jun 2018 | 766,305 | 849,180 | #, SAAR | Monthly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Jan 2021 | 97.24 | 96.79 | Index Long term avg=100, SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Jan 2021 | 101.02 | 101.19 | Index long term avg=100, SA | Monthly |
Industrial Production | Dec 2020 | 129.94 | 128.18 | Index 2015=100, CDASA | Monthly |
Real Change in Inventories | 2017 | -29,123,173,000 | -39,760,229,000 | NCU | Annual |
Change in Inventories | 2017 Q1 | -7,596,894,123 | -20,995,989,442 | TRL, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | Dec 2019 | 92,476 | 92,375 | #,NSA | Monthly |
Deaths | Dec 2019 | 38,079 | 34,431 | #, NSA | Monthly |
Population | 2019 | 83,154,997 | 82,003,882 | #, NSA | Annual |
Net Migration | 2017 | 1,525,002 | # | Annual | |
Birth Rate | 2016 | 16.24 | 16.53 | # per Ths. pop. | Annual |
Death Rate | 2016 | 5.82 | # per Ths. pop. | Annual |