Page 24 - TURKRptDec22

3.0 Macro Economy
Main Macro Indicators
GDP Growth (y/y, %)
Electricity Consumption (y/y, Nov 20)
Employed (active, mn)
Population (mn)
GDP (per capita, $)
GDP (current, TRYbn)
GDP (current prices, $bn)
Inflation (y/y, %, eop, Oct)
Lira-loans (%, y/y, Nov 18)
Policy Rate (%, active, eop)
CA Balance ($bn)
CA Balance/GDP (%)
Budget (TRYbn, Oct)
Budget Balance/GDP (%)
USD/TRY (eop, Nov 25)
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
-6.1
62.8
1.8
16.7
Q3
-
-3.1
28.5
-
-
-
-
83.5
68.6
12.0
-9.3
-
-139.1
-
18.5
Q4
-
-4.9
-
-
-
-
-
85.5
75.1
9.0
-
-
-83.3
-
18.6
2022
-
-0.1
-
-
-
-
-
-
-
-
-
-
-
-
-
For 2022, a figure of around 6% is currently on the cards for Turkey’s official GDP growth release.
The “public bidding” will commence right up to the release date for GDP growth in 2022 in March 2023. Provided Erdogan remains on the throne.
Turkey’s government has updated the tourism revenues and balance of payments data again. It is not possible to treat Turkey’s official data as a sound source of information.
24 TURKEY Country Report December 2022 www.intellinews.com