Economic Indicators

TURKEY

  • GDP Growth, 2015: 4.0% (World Bank)
  • GDP Growth, 2016 estimate: 3.3% (IMF)
  • GDP Growth, 2017 forecast: 3.0% (IMF)
  • Total GDP, current prices, 2015: $733.6 billion (IMF)
  • Total GDP, current prices, 2016 estimate: $751.2 billion (IMF)
  • Total GDP, current prices, 2017 forecast: $791.2 billion (IMF)
  • Unemployment, 2015: 10.2% (TUSIAD)
  • Unemployment, 2016 estimate: 10.8% (IMF)
  • Unemployment, 2017 forecast: 10.5% (IMF)
  • Inflation, 2015: 7.7% (IMF)
  • Inflation, 2016 estimate: 9.8% (IMF)
  • Inflation, 2017 forecast: 8.8% (IMF)
  • Current Account Balance, 2015 (% of GDP): -4.4% (TUSIAD)
  • Current Account Balance, 2016 estimate (% of GDP): -3.6% (IMF)
  • Current Account Balance, 2017 forecast (% of GDP): -4.1% (IMF)
  • Trade Deficit, 2014: $84.6 billion (TUIK)
  • Trade Deficit, 2015: $63.4 billion (TUIK)
  • Government Gross Debt, 2015 estimate (% of GDP): 32.6% (IMF)
  • Government Gross Debt, 2016 estimate (% of GDP): 30.7% (IMF)
  • Government Gross Debt, 2016 forecast (% of GDP): 29.2% (IMF)
  • Turkey Exports to US, 2015: $7.9 billion (US Census Bureau)
  • Turkey Exports to US, 2016: $7.4 billion (US Census Bureau)
  • Turkey’s FDI in the US: $3.3 billion

 


UNITED STATES

  • GDP Growth, 2015: 2.5% (IMF)
  • GDP Growth, 2016 estimate: 2.3% (IMF)
  • GDP Growth, 2017 forecast: 2.5% (IMF)
  • Total GDP, 2015: $17.9 trillion (IMF)
  • Total GDP, 2016 estimate: $18.6 trillion (IMF)
  • Total GDP, 2017 forecast: $19.3 trillion (IMF)
  • Unemployment, 2015: 5.3% (IMF)
  • Unemployment, 2016 estimate: 4.9% (IMF)
  • Unemployment, 2017 forecast: 4.8% (IMF)
  • Inflation, 2015: 0.1% (IMF)
  • Inflation, 2016 estimate: 0.8% (IMF)
  • Inflation, 2017 forecast: 1.5% (IMF)
  • Current Account Balance, 2015 (% of GDP): -2.7%, -$484.0 billion (IMF)
  • Current Account Balance, 2016 estimate (% of GDP): -2.9%, -$540.6 billion (IMF)
  • Current Account Balance, 2015 forecast (% of GDP): -3.3%, -$639.1 billion (IMF)
  • Trade Deficit, 2015: $745.7 billion (US Census Bureau)
  • Trade Deficit, 2015: $666.1 billion (US Census Bureau)
  • Government Gross Debt, 2015 estimate (% of GDP): 105.8% (IMF)
  • Government Gross Debt, 2016 estimate (% of GDP): 107.5% (IMF)
  • Government Gross Debt, 2017 forecast (% of GDP): 107.5% (IMF)
  • US Exports to Turkey, 2015: $9.5 billion (US Census Bureau)
  • US Exports to Turkey, 2016: $8.6 billion (US Census Bureau)
  • US FDI in Turkey: $10.8 billion

U.S. -Turkey Trade