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Economic Indicators

TURKEY

  • GDP Growth, 2018 forecast: 4.4%  (IMF)
  • GDP Growth, 2019 forecast: 0.4%  (IMF)
  • Total GDP, current prices, 2018 forecast: $909.9 billion (IMF)
  • Total GDP, current prices, 2019 forecast: $855.2 billion (IMF)
  • Unemployment, 2018: 10.8% (IMF)
  • Unemployment, 2019 forecast: 11.8% (IMF)
  • Inflation, November 2018: 24.52% (TUIK)
  • Current Account Balance, 2018 forecast (% of GDP): -5.4% (IMF)
  • Current Account Balance, 2019 forecast (% of GDP): -6.1% (IMF)
  • Balance of Trade, July 2018: $-5994.5 million (TUIK)
  • Government Gross Debt, 2018 (% of GDP): 28.3% (IMF)
  • Government Gross Debt, 2019 forecast (% of GDP): 34.2% (IMF)
  • Turkey Exports to US, 2017: $9.4 billion (US Census Bureau)
  • Turkey’s FDI in the US in 2017: $4.3 billion

Download TÜSİAD’s report “The Economy in Turkey in 2018”


UNITED STATES

  • GDP Growth, 3rdQuarter 2018:  3.5%(IMF)
  • GDP Growth, 2019 forecast: 2.8% (IMF)
  • Total GDP, 2018: 19.4 $trillion(IMF)
  • Total GDP, 2019 forecast: 20.2 $trillion (IMF)
  • Unemployment, 2018: 4 %(BLS)
  • Unemployment, 2019 forecast: 3.7 % (BLS)
  • Inflation, 2018: 2.3%(IMF)
  • Inflation, 2019 forecast: 2.4 % (IMF)
  • Current Account Balance, July 2018 (% of GDP): -2.4%, -$532.3 billion (IMF)
  • Current Account Balance, 2019 forecast (% of GDP): -2.2%, -$515.0 billion (IMF)
  • Trade Deficit, August 2018: $53.2 billion(US Census Bureau)
  • Government Gross Debt, 2018 (% of GDP): 105%(IMF)
  • Government Gross Debt, 2019 forecast (% of GDP): 108% (IMF)
  • US Exports to Turkey, 2017: $9.7 billion (US Census Bureau)
  • US FDI in Turkey: $10.8 billion

2018 U.S. – Turkey Economic Relations