Page 27 - TURKRptSep21

4.5 Labour and income 4.5.1 Income dynamics
4.5.2 Retail sector dynamics
Turkey: Consumption indicators
%, y/y
Q1-20
Q2
Q3
Q4
2020
Q1-21
Apr
May
Jun
Q2
Jul
Official GDP Growth (real, y/y)
4.5
-10.3
6.3
5.9
1.8
7.0
Electricity Consumption (watt, y/y)
3.3
-11.5
3.6
4.5
0.2
5.7
33.8
26.9
18.0
25.8
Private Consumption (≈60% of GDP)
6.3
-16.5
7.3
10.3
2.0
11.7
Retail Sales Index (unadjusted, y/y)
7.5
-11.2
9.5
8.5
3.8
9.0
42.6
26.7
17.4
27.5
Card payments (nominal lira, y/y)
15.9
-6.4
18.5
23.2
13.0
28.8
134.1
24.2
58.8
65.4
50.8
Vehicle Sales (unit, y/y)
40.6
21.6
178.0
41.2
61.3
59.7
132.4
69.8
12.5
51.2
-45.3
Home Sales (unit, y/y)
33.0
13.8
49.2
-30.0
11.2
-22.9
124.1
16.2
-29.1
2.1
-53.0
White goods sales (unit, y/y)
11.2
-1.2
33.1
27.2
16.7
39.7
53.6
10.7
-4.9
16.2
31.0
Air passengers (person, y/y)
-19.1
-94.6
-62.1
-57.9
-60.9
-47.4
7,281.6
8,631.5
293.3
678.8
175.3
Foreign Tourist (person, y/y)
-22.1
-97.9
-73.0
-62.0
-71.7
-53.9
3,162.2
3,038.8
853.4
1,304.0
367.5
5.0 External Sector & Trade
5.1 Balance of payments, current account
5.1.1 Import/export dynamics
In July, the trade deficit was up 52% y/y to $4.3bn. Exports were up 10% y/y to
27 TURKEY Country Report September 2021
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