Nominal GDP for Turkey was $1,361.3bn in 2024, up from $1,156.2bn in 2023. The Turkish population was estimated at 87.5m in 2024 according to the IMF, while Germany is Turkey’s biggest trading partner.
Variables Surveyed for Turkey
Variables covered in our monthly analysis of Turkey include:
- Gross Domestic Product (GDP)
- Private Consumption
- Gross Fixed Investment
- Industrial Production
- Consumer Price Inflation
- Producer Price Inflation
- Money Supply
- Consolidated Public Sector Budget Balance
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Interest Rates
- Lira Currency Forecasts
- Monthly Inflation Forecasts
Consensus Forecasts for Turkey
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the IMF, OECD, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Eastern Europe Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Turkey on topics such as:- Quarterly Forecasts
- Long-Term Forecasts
- Forecast Probabilities
- Sectoral Growth and Foreign Direct Investment
Main Data Sources for Turkey
- Turkish Statistical Institute: Turkish Statistical Institute is the Turkish government agency commissioned with producing official statistics on Turkey.
- Central Bank of the Republic of Turkey: The CBRT Law sets the primary objective of the Central Bank as to achieve and maintain price stability in Türkiye.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Eastern Europe
Alongside this country forecast, explore the other economies covered by our Eastern Europe forecast publication.