Page 17 - TURKRptNov22

3.0 Macro Economy
Main Macro Indicators
GDP Growth (y/y, %)
Electricity Consumption (y/y)
Employed (active, mn)
Population (mn)
GDP (per capita, $)
GDP (current, TRYbn)
GDP (current prices, $bn)
Inflation (y/y, %, eop)
Lira-loans (%, y/y)
Policy Rate (%, active, eop)
CA Balance ($bn, Aug)
CA Balance/GDP (%)
Budget (TRYbn)
Budget Balance/GDP (%)
USD/TRY (eop)
2019
0.9
-0.6
26.7
83.2
9,127
4,318
760
11.8
13.9
11.4
1.67
0.2
-124
-2.9
5.95
2020
1.8
0.1
24.1
83.6
8,599
5,047
717
14.6
43.3
17.0
-35.5
-5.0
-173
-3.4
7.44
Q1-21
7.3
5.7
25.8
-
-
1,393
189
16.2
34.4
19.0
-7.5
-4.0
23
1.6
8.24
Q2
21.9
25.8
26.6
-
-
1,586
189
17.5
17.5
19.0
-5.9
-3.1
-55
-3.5
8.70
Q3
7.5
11.6
27.1
-
-
1,915
225
19.6
13.7
18.0
2.2
1.0
-29
-1.5
8.89
Q4
9.1
8.9
28.6
-
-
2,314
199
36.1
20.4
14.0
-3.7
-1.8
-131
-5.7
13.3
2021
11.0
12.4
27.0
84.7
9,539
7,209
803
36.1
20.4
14.0
-14.9
-1.9
-192
-2.7
13.3
Q1-22
7.3
4.6
27.9
-
-
2,496
180
61.1
33.2
14.0
-19.2
-10.7
30.8
1.2
14.7
Q2
7.6
1.2
29.7
-
-
3,419
219
78.6
55.7
14.0
-13.3
62.8
16.7
Q3
-
-3.1
-
-
-
-
-
83.5
68.6
12.0
-7.2
-6.1
-
-139.1
1.8
-
18.5
For 2022, the bottom estimated line for Turkey’s official GDP growth release so far stands at 5%, as per usual. A 5-6% figure is currently on the cards.
The “public bidding” will commence right up to the release date for 2022 GDP growth in March 2023. Provided Erdogan remains on the throne.
17 TURKEY Country Report November 2022 www.intellinews.com