Page 11 - TURKRptMay21

Turkey’s desperate youth, who have lost all hope for their future, love Yavas since he does not steal, he simply spends money on the essential needs of the people of Ankara, not on nonsense or thievery. Yavas does the job, not the talk or the PR. (image credit: @satrayni).
3.0 Macro Economy
Main Macro Indicators
2018
Q1-19
Q2
Q3
Q4
2019
Q1-20
Q2
Q3
Q4
2020
Q1-20
Q2
GDP Growth (y/y)
2.8
-2.6
-1.7
1.0
6.4
0.9
4.5
-10.3
6.3
5.9
1.8
-
-
ElectricityConsumption(y/y)
0.8
-1.5
0.4
-1.5
0.5
-0.6
3.3
-11.5
3.6
4.5
0.2
5.9
-
Employed (active, mn)
26.6
27.0
26.9
26.9
26.7
26.7
22.5
23.0
25.7
25.2
24.1
-
-
Population (mn)
82.0
-
-
-
-
83.2
-
-
-
-
83.6
-
-
GDP (per capita, $)
9,346
-
-
-
-
9,127
-
-
-
-
8,599
-
-
GDP (current, TRYbn)
3,724
925
1,028
1,158
1,208
4,320
1,074
1,036
1,414
1,525
5,048
-
-
GDP (current prices, $bn)
766
172
175
204
209
761
177
152
197
192
717
-
-
CPI (%, eop)
20.3
19.7
15.7
9.3
11.8
11.8
11.9
12.6
11.8
14.6
14.6
16.2
-
Lira-loans (%, y/y, Apr16)
1.8
3.0
-0.5
4.0
13.9
13.9
19.1
39.4
46.4
44.1
44.1
34.8
32.7
Policy Rate (%)
24.1
25.5
23.9
16.3
11.4
11.4
9.3
7.6
11.1
17.0
17.0
19.0
19.0
CABalance($bn,Jan-Feb)
-28.3
-1.88
-1.29
5.92
-1.07
1.67
-8.79
-12.4
-8.70
-6.89
-36.7
-4.4
-
CA Balance/GDP (%)
-3.7
-1.1
-0.7
2.9
-0.5
0.2
-5.0
-8.1
-4.4
-3.6
-5.1
-
-
Budget (TRYbn)
-73
-36
-42
-7
-38
-124
-30
-80
-31
-32
-173
23
-
Budget Balance/GDP (%)
-1.9
-3.9
-4.1
-0.6
-3.1
-2.9
-2.8
-7.7
-2.2
-2.1
-3.4
-
-
USD/TRY (eop, Apr 23)
5.29 5.56 5.79 5.65 5.95 5.95 6.61 6.85 7.72 7.44
7.44
8.24
8.38
The official GDP growth for Q1 will on May 31 be released at about 5%, the finance minister expects.
The official GDP growth release order for 2021 currently stands at 5%. Forecasts will converge to the order to the statistics institute TUIK.
11 TURKEY Country Report May 2021 www.intellinews.com