Page 20 - TURKRptFeb20

3.0 Macro Economy
Main Macro Indicators
2013
2014
2015
2016
2017
2018
Q1
Q2
Q3
Q4
2019
GDP Growth (y/y)
8.5
5.2
6.1
3.2
7.5
2.8
-2.3
-1.6
0.9
-
-
GDP (per capita, $)
12,395
12,022
10,915
10,817
10,537
9,346
-
-
-
-
-
GDP (current, TRYbn)
1,810
2,044
2,339
2,609
3,111
3,724
922
1,024
1,145
-
-
GDP (current prices, $bn)
950
934
859
863
852
766
172
175
202
-
-
CPI (%, eop)
7.4
8.2
8.8
8.5
11.9
20.3
19.7
15.7
9.3
11.8
11.8
Lira-loans growth (%, y/y)
28.4
16.8
14.4
12.3
24.9
1.8
3.0
-0.5
4.0
14.3
14.3
Policy Rate (%, active, wa)
7.1
8.5
8.8
8.3
12.8
24.1
25.5
23.9
16.3
11.4
11.4
Population (mn)
76.7
77.7
78.7
79.8
80.8
82.0
-
-
-
-
-
Unemployment (%, Oct)
9.0
9.9
10.3
10.9
10.9
11.0
14.1
13.0
13.8
13.4
-
CA Balance ($bn, Nov)
-63.6
-43.6
-32.1
-33.1
-47.3
-27.2
-1.74
-1.14
6.09
1.04
-
CA Balance/GDP (%)
-6.7
-4.7
-3.7
-3.8
-5.6
-3.5
-1.0
-0.7
3.0
-
-
Budget (TRYbn, Nov)
-18.5
-22.7
-23.5
-29.9
-47.8
-72.6
-36.16
-42.4
-7.2
-37.9
-123.7
Budget Balance/GDP (%)
-1.0 -1.1 -1.0 -1.1 -1.5 -1.9 -3.9 -4.1
-0.6
-
-
USD/TRY (eop)
2.15 2.33 2.92 3.53 3.79 5.29 5.56 5.79
5.65
5.95
-
source: imf, tuik, treasury, central bank
4.0 Real Economy 4.1 Industrial production
Industrial production index is compiled over surveys and calendar adjustment is calculated by the TUIK.
20 TURKEY Country Report OUTLOOK 2020 www.intellinews.com