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Economic Indicators

TURKEY

  • GDP Growth, 2015: 6.0% (IMF)
  • GDP Growth, 2016: 2.9% (IMF)
  • GDP Growth, 2017 forecast: 7.0%  (IMF)
  • GDP Growth, 2018 forecast: 4.4%  (IMF)
  • GDP Growth, 2017 forecast: 3.5% (TUSIAD Projection); Q1=5.3% (TUIK) Q2=5.1% (TUSIAD Projection)  Q3=11.1% (TUSIAD Projection)
  • GDP Growth, 2018 forecast: 4.5%  (TUSIAD Projection)
  • Total GDP, current prices, 2015: $859.0 billion (IMF)
  • Total GDP, current prices, 2016: $857.4 billion (IMF)
  • Total GDP, current prices, 2017 forecast: $849.5 billion (IMF)
  • Total GDP, current prices, 2018 forecast: $909.9 billion (IMF)
  • Unemployment, 2015: 10.2% (TUSIAD)
  • Unemployment, 2016: 10.8% (IMF)
  • Unemployment, 2017: 11.0% (IMF)
  • Unemployment, 2018 forecast: 10.7% (IMF)
  • Inflation, 2015: 7.7% (IMF)
  • Inflation, 2016: 7.8% (IMF)
  • Inflation, 2017: 11.9% (TUSIAD Projection)
  • Inflation, 2018 forecast:9.8% (TUSIAD Projection)
  • Current Account Balance, 2015 (% of GDP): -3.7% (IMF)
  • Current Account Balance, 2016 (% of GDP): -3.8% (IMF)
  • Current Account Balance, 2017 forecast (% of GDP): -5.5% (IMF)
  • Current Account Balance, 2018 forecast (% of GDP): -5.4% (IMF)
  • Trade Deficit, 2014: $84.6 billion (TUIK)
  • Trade Deficit, 2015: $63.4 billion (TUIK)
  • Government Gross Debt, 2015  (% of GDP): 27.6% (IMF)
  • Government Gross Debt, 2016  (% of GDP): 29.0% (IMF)
  • Government Gross Debt, 2017 forecast (% of GDP): 28.5% (IMF)
  • Government Gross Debt, 2018 forecast (% of GDP): 27.8% (IMF)
  • Turkey Exports to US, 2015: $7.9 billion (US Census Bureau)
  • Turkey Exports to US, 2016: $7.4 billion (US Census Bureau)
  • Turkey Exports to US, 2017: $9.4 billion (US Census Bureau)
  • Turkey’s FDI in the US: $3.3 billion

Download TÜSİAD’s report “The Economy in Turkey in 2017”


UNITED STATES

  • GDP Growth, 2015: 2.6% (IMF)
  • GDP Growth, 2016: 1.6% (IMF)
  • GDP Growth, 2017:  2.3% (IMF)
  • GDP Growth, 2018 forecast:  2.9% (IMF)
  • Total GDP, 2015: $16.4 trillion (IMF)
  • Total GDP, 2016: $16.7 trillion (IMF)
  • Total GDP, 2017: $17.0 trillion (IMF)
  • Total GDP, 2018 forecast: $17.6 trillion (IMF)
  • Unemployment, 2015: 5.3% (IMF)
  • Unemployment, 2016: 4.9% (IMF)
  • Unemployment, 2017: 4.4% (BLS)
  • Unemployment, 2018 forecast: 3.9% (BLS)
  • Inflation, 2015: 0.1% (IMF)
  • Inflation, 2016: 1.3% (IMF)
  • Inflation, 2017: 2.1% (IMF)
  • Inflation, 2018 forecast: 2.6% (IMF)
  • Current Account Balance, 2015 (% of GDP): -2.6%, -$463.0 billion (IMF)
  • Current Account Balance, 2016 (% of GDP): -2.6%, -$481.2 billion (IMF)
  • Current Account Balance, 2017 forecast (% of GDP): -2.4%, -$466.2 billion (IMF)
  • Current Account Balance, 2018 forecast (% of GDP): -3.0%, -$614.7 billion (IMF)
  • Trade Deficit, 2015: $745.7 billion (US Census Bureau)
  • Trade Deficit, 2015: $666.1 billion (US Census Bureau)
  • Government Gross Debt, 2015 (% of GDP): 105.6% (IMF)
  • Government Gross Debt, 2016  (% of GDP): 107.4% (IMF)
  • Government Gross Debt, 2017 (% of GDP): 107.8% (IMF)
  • Government Gross Debt, 2018 (% of GDP): 108.0% (IMF)
  • US Exports to Turkey, 2015: $9.5 billion (US Census Bureau)
  • US Exports to Turkey, 2016: $8.6 billion (US Census Bureau)
  • US Exports to Turkey, 2017: $9.7 billion (US Census Bureau)
  • US FDI in Turkey: $10.8 billion

2018 U.S. – Turkey Economic Relations