| |
|
 |
| Economic Indicators |
|
|
|
|
|
|
| GDP (YTL billion, nominal prices) |
649 |
758 |
856 |
968 |
949 |
210 |
236 |
221 |
| GDP (US$ billion) |
481 |
526 |
659 |
738 |
689 |
157 |
183 |
185 |
| GDP per capita (US$) |
6.908 |
7.557 |
9.333 |
10.387 |
9.906 |
- |
- |
- |
| GDP growth rate (%) |
8,4 |
6,9 |
4,5 |
3,3 |
5,5 |
4,0 |
3,4 |
3,4 |
| Industrial Production (YoY, %) |
5,4 |
5,8 |
5,4 |
- |
- |
11,4 |
7,5 |
2,4 |
| Capacity Utilization Rate (Average, %) |
80,3 |
81,0 |
81,8 |
- |
- |
80,3 |
79,3 |
81,2 |
| CPI (YoY, %) |
7,7 |
9,7 |
8,4 |
8,3 |
4,0 |
9,10 |
9,15 |
9,66 |
| PPI (YoY, %) |
2,7 |
11,6 |
5,9 |
- |
- |
8,15 |
10,50 |
14,56 |
| Deflator |
7,1 |
9,3 |
8,1 |
9,4 |
5,0 |
- |
- |
- |
| Benchmark bond (Average, %) |
14,8 |
15,6 |
17,2 |
18,5 |
- |
16,7 |
17,9 |
18,6 |
| Primary (Discounted Auctions-Average, %) |
16,2 |
18,0 |
18,3 |
- |
- |
16,7 |
17,5 |
18,3 |
| Dom. Borrowing Cash Maturity (Month) |
27,4 |
27,5 |
33,4 |
- |
- |
27,6 |
20,4 |
16,0 |
| O/N (average, %) |
16,3 |
17,8 |
18,3 |
15,8 |
- |
15,4 |
15,3 |
15,3 |
| Eurobond (2030, Yield, %) |
7,2 |
7,1 |
6,8 |
- |
- |
7,2 |
7,4 |
7,1 |
| Basket (0.5*USD+0.5*EURO, end of period) |
1,4647 |
1,6286 |
1,4327 |
1,72 |
- |
1,5002 |
1,6854 |
1,6422 |
| EURO/US$ (end of period) |
1,18 |
1,32 |
1,47 |
1,45 |
- |
1,52 |
1,58 |
1,56 |
| YTL/USD (average) |
1,3408 |
1,4311 |
1,3015 |
1,31 |
1,38 |
1,1892 |
1,2379 |
1,2957 |
| YTL/USD (end of period) |
1,3418 |
1,4056 |
1,1593 |
1,40 |
- |
1,1906 |
1,3064 |
1,2849 |
| YTL/EURO (end of period) |
1,5875 |
1,8515 |
1,7060 |
2,03 |
- |
1,8098 |
2,0643 |
1,9994 |
| Exports (f.o.b) |
73.476 |
85.535 |
107.214 |
123.500 |
117.000 |
10.629 |
11.054 |
11.429 |
| Imports (c.i.f) |
116.774 |
139.576 |
170.057 |
192.000 |
182.000 |
16.337 |
15.995 |
16.792 |
| Current Account Balance |
-22.136 |
-31.893 |
-37.575 |
-42.000 |
-39.200 |
-4.072 |
-3.811 |
-4.157 |
| Tourism Revenue (Net) |
15.280 |
14.110 |
15.227 |
16.400 |
16.200 |
611 |
547 |
813 |
| Foreign Direct Investment (Net) |
8.962 |
18.988 |
19.924 |
17.000 |
16.500 |
1.092 |
667 |
2.280 |
| Capital Account Balance |
20.304 |
32.064 |
36.503 |
- |
39.200 |
6.039 |
2.467 |
3.692 |
| Total External Debt Stock/GDP |
35,0% |
39,0% |
37,5% |
- |
- |
39,1% |
38,3% |
37,5% |
| Public/GDP |
17,8% |
16,6% |
13,5% |
- |
- |
15,4% |
14,7% |
13,5% |
| Private/GDP |
17,2% |
22,5% |
18,8% |
- |
- |
23,7% |
23,7% |
24,0% |
| Short-term/GDP |
7,7% |
7,7% |
5,5% |
- |
- |
6,8% |
6,2% |
6,3% |
| Medium&Long-term/GDP |
27,3% |
31,4% |
26,8% |
- |
- |
32,3% |
32,1% |
31,2% |
| Total Foreign Reserves |
68.785 |
101.169 |
117.731 |
- |
- |
120.852 |
125.097 |
123.168 |
| Central Bank Reserves |
50.518 |
60.845 |
71.263 |
- |
- |
74.910 |
74.754 |
74.660 |
| CB Net FX Position |
15.513 |
20.493 |
32.827 |
- |
- |
32.081 |
31.736 |
33.626 |
| M1 |
29,1 |
30,8 |
44,8 |
- |
- |
40,9 |
39,6 |
41,5 |
| M2 |
112,4 |
129,5 |
191,6 |
- |
- |
190,3 |
179,7 |
187,9 |
| M2Y |
168,7 |
200,8 |
281,2 |
- |
- |
278,5 |
263,4 |
277,9 |
| M3Y |
178,0 |
208,7 |
294,3 |
- |
- |
294,1 |
276,4 |
289,6 |
| Revenues |
137.981 |
173.483 |
189.617 |
204.556 |
- |
15.781 |
17.628 |
13.779 |
| Expenditures |
146.098 |
178.126 |
203.501 |
222.313 |
- |
16.306 |
16.608 |
18.649 |
| Interest Payments |
45.680 |
45.963 |
48.732 |
56.000 |
- |
4.283 |
4.714 |
4.753 |
| Budget Balance |
-8.117 |
-4.643 |
-13.883 |
-17.756 |
- |
-524 |
1.021 |
-4.870 |
| Primary Balance |
37.563 |
41.320 |
34.848 |
38.244 |
- |
3.759 |
5.735 |
-117 |
| C.G. Domestic Debt Stock (YTL billion) |
244,8 |
251,5 |
255,3 |
- |
- |
258,5 |
262,0 |
266,5 |
| C.G. Domestic Debt Stock/GDP |
37,7 |
33,2 |
29,8 |
- |
- |
31,1 |
30,8 |
29,8 |
| C.G. External Debt Stock/GDP |
13,4 |
12,3 |
9,1 |
- |
- |
10,8 |
9,9 |
9,1 |
| Gross Total Public Debt Stock/GDP |
53,9 |
48,1 |
41,3 |
38,6 |
- |
43,9 |
42,8 |
41,3 |
| Net Total Public Debt Stock/GDP |
41,7 |
34,2 |
29,1 |
28,6 |
- |
30,5 |
30,2 |
29,1 |
| Source: TURKSTAT, CBT, Ministry of Finance, Treasury and State Planning Organization *GarantiBank forecasts |
This report has been prepared by T. Garanti Bankası A.Ş. is provided for information purposes only. Although the information
on which the report is based has been obtained from sources which we believe to be reliable, no representation or warranty is
made by T. Garanti Bankası A.Ş. for the accuracy or completeness of the information contained herein. Information contained herein is subject to change without notice. T. Garanti Bankası A.Ş. and/or any person connected with it accepts no liability whatsoever for any direct or consequential loss of any kind arising out of the use of this document or any part of its contents. |
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