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3.0 Macro Economy
Main Macro Indicators
2015 2016 2017 2018
Q1-19 Q2
-2.3 -1.6 - - 922 1,023 172 174 19.7 15.7
3.0 -0.5 25.5 23.9 -- 27.0 26.9 -1.88 -1.29 -1.1 -0.7
-36.16 -42.4
-3.9 -4.1
5.56 5.79
Q3 Q4 2019
1.0 6.0 0.9 - - 9,127 1,146 1,190 4,280
202 206 754
9.3 11.8
4.0 13.9 16.3 11.4 - - 26.9 26.7 5.92 -1.07 2.9 -0.5
Q1-20 Q2
4.5 -9.9 - - 1,071 1,042 176 153
Q3 Q4
- -
- -
- - -- 11.8 11.9 46.4 46.0
GDP Growth (y/y)
GDP (per capita, $)
GDP (current, TRYbn)
GDP (current prices, $bn)
CPI (%, eop, Oct)
Lira-loans (%, y/y, Nov 20)
Policy Rate (%, Nov 4)
Population (mn)
Employed (active, mn)
CA Balance ($bn, Aug)
CA Balance/GDP (%)
Budget (TRYbn, Oct)
Budget Balance/GDP (%)
USD/TRY (eop, Nov 27)
source: imf, tuik, treasury, central bank
22 TURKEY Country Report December 2020
www.intellinews.com
Meanwhile, the proportion of those who can save still only stands at around 20%. Although that’s up from 14% in Q2, it means that 80% of the population do not have a chance to save despite rising anxieties over the future triggered by the coronavirus pandemic.
“A person works harder when s/he has debts,” Diyarbakir’s detained mayor Selcuk Mizrakli told bianet on November 11 from his jail cell.
An ordinary citizen, Ismail Demirbas, is also in jail right now after politely criticising the government in a street interview.
Street interviews have become too popular because the media is full of charlatans. No one talks about reality on film.
Demirbas, 49, is an atheist and he does not want to pay taxes for an Islamist government to steal and feed jihadists. He just wants the Turkish state to comply with the requirement for secularism in its constitution.
On November 16, the interior ministry launched an investigation into Istanbul mayor Ekrem Imamoglu in relation to his opposition to Erdogan’s Canal Istanbul mega project. At a cost of $9.8bn you would like to think it is needed and it is fine for the environment. It is neither.
Meanwhile, the charlatans talk and write about Erdogan’s latest commitment to judicial reform. Don’t get your hopes up there.
There are more than 10,000 unemployed journalists in Turkey and over 12,000 journalists have been sued for articles they wrote, Turkish Journalists’ Association (TGC) secretary general Sibel Gunes told Cumhuriyet.
There are 72 journalists in prison in Turkey, she added.
6.1 3.2 7.5 2.8 10,915 10,817 10,537 9,346
2,339 2,609 3,111 859 863 852 8.8 8.5 11.9 14.4 12.3 24.9
3,724 766 20.3 1.8 24.1 82.0 26.6 -28.3 -3.7 -72.6 -1.9 5.29
11.8 11.9 12.6
13.9 19.1 39.4
11.4 9.3 7.6 11.1 15.0
8.8 8.3 12.8 78.7 79.8 80.8 25.7 25.7 27.3 -32.4 -31.5 -46.6 -3.8 -3.6 -5.5 -23.5 -29.9 -47.8 -1.0 -1.1 -1.5 2.92 3.53 3.79
83.2 --
26.7 22.5 23.0
1.67 -7.87 -11.9 -8.42 -
0.2 -4.5 -7.8 - - -7.2 -37.9 -123.7 -29.6 -79.9 -31.1 -4.9
-0.6 -3.2 -2.9 -2.8 -7.7 - - 5.65 5.95 5.95 6.61 6.85 7.72 7.83
-- 24.7 -
