Economic Indicators

Turkey's Macroeconomic Outlook

GDP GROWTH

Real GDP Growth (2021): 11%

Exp. Real GDP Growth (2022): 3%

Source: TÜSİAD Economic Department

INFLATION

Annual Inflation Rate (2021): 38.1%

Exp. Inflation, End of Period (2022): 45%

Source: TÜSİAD Economic Department

IMPORTS

Import Value (March 2022): $30.9bn

Imports, %change y/y (March 2022): 30.7%

Source: Turkish Statistical Institute

EXPORTS

Export Value (March 2022): $22.7bn

Exports, %change y/y (March 2022): 19.8%

Source: Turkish Statistical Institute

UNEMPLOYMENT

Annual Unemployment Rate (2021): 12%

Unemployment Rate (February 2022): 10.7%

Source: Turkish Statistical Institute

CURRENT ACCOUNT

Current Account Balance, %GDP (2021): -1.8%

Exp. Current Account Balance, %GDP (2022): -4.4%

Source: TÜSİAD Economic Department

BUDGET BALANCE

Budget Balance (2021): -192bn TRY

Budget Balance, %GDP (2021): -2.7%

Source: TÜSİAD Economic Department

U.S. Macroeconomic Outlook

GDP GROWTH

Real GDP Growth (2021): 5.2%

Expected Real GDP Growth (2022): 3.7%

Source: IMF World Economic Outlook

INFLATION

Annual Inflation Rate (2021): 4.7%

Exp. Inflation, End of Period (2022): 5.5%

Source: CNBC

IMPORTS

Import Value (March 2022): $351.5bn

Imports, %change y/y (March 2022): 10.3%

Source: U.S. Bureau of Economic Analysis

EXPORTS

Exports Value (March 2022): $241.7bn

Exports, %change y/y (March 2022): 17.7%

Source: U.S. Bureau of Economic Analysis

UNEMPLOYMENT

Annual Unemployment Rate (2021): 5.3% 

Unemployment Rate (March 2022): 3.6%

Source: U.S. Bureau of Labor Statistics