Turkey

Nominal GDP for Turkey was US$824.1bn in 2021, down from US$722.1bn in 2020. The Turkish population was estimated at 84.8m in 2021 according to the IMF, while Germany and China are Turkey’s biggest trading partners.

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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP Growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Eastern Europe Conensus 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:

Main Data Sources for Turkey

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.
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