Page 11 - TURKRptApr21

support schemes and around 1.3mn are actively working, but only 50,000 of those have a valid work permit.
The daily cryptocurrency transaction volume on Turkish crypto markets reached Turkish lira (TRY) 11bn ($1.38bn) as of March 24.
3.0 Macro Economy
Main Macro Indicators
2017
2018
Q1-19
Q2
Q3
Q4
2019
Q1-20
Q2
Q3
Q4
2020
Q1-20
GDP Growth (y/y)
7.5
2.8
-2.6
-1.7
1.0
6.4
0.9
4.5
-10.3
6.3
5.9
1.8
-
ElectricityCons.(y/y, Jan-Feb)
5.5
0.8
-1.5
0.4
-1.5
0.5
-0.6
3.3
-11.5
3.6
4.5
0.2
1.0
Employed (active, mn, eop)
27.3
26.6
27.0
26.9
26.9
26.7
26.7
22.5
23.0
25.7
25.2
24.1
-
Population (mn)
80.8
82.0
-
-
-
-
83.2
-
-
-
-
83.6
-
GDP (per capita, $)
10,537
9,346
-
-
-
-
9,127
-
-
-
-
8,599
-
GDP (current, TRYbn)
3,111
3,724
925
1,028
1,158
1,208
4,320
1,074
1,036
1,414
1,525
5,048
-
GDP (current prices, $bn)
852
766
172
175
204
209
761
177
152
197
192
717
-
CPI (%, eop, Feb)
11.9
20.3
19.7
15.7
9.3
11.8
11.8
11.9
12.6
11.8
14.6
14.6
15.6
Lira-loans (%, y/y, Mar19)
24.9
1.8
3.0
-0.5
4.0
13.9
13.9
19.1
39.4
46.4
44.1
44.1
36.0
Policy Rate (%)
12.8
24.1
25.5
23.9
16.3
11.4
11.4
9.3
7.6
11.1
17.0
17.0
19.0
CA Balance ($bn, Jan)
-46.6
-28.3
-1.88
-1.29
5.92
-1.07
1.67
-8.79
-12.4
-8.70
-6.89
-36.7
-1.9
CA Balance/GDP (%)
-5.5
-3.7
-1.1
-0.7
2.9
-0.5
0.2
-5.0
-8.1
-4.4
-3.6
-5.1
-
Budget (TRYbn, Jan-Feb)
-48
-73
-36
-42
-7
-38
-124
-30
-80
-31
-32
-173
-1
Budget Balance/GDP (%)
-1.5
-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, Mar 26)
3.79 5.29 5.56 5.79 5.65 5.95 5.95 6.61 6.85 7.72
7.44
7.44
8.14
Turkey’s economy officially expanded by 1.8% y/y in 2020. The central bank governor expects 5% for Q1 2021.
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 April 2021 www.intellinews.com