Country Report Turkey January 2011

Outlook for 2011-15: Forecast summary

Forecast summary
(% unless otherwise indicated)
Real GDP growth8.
Industrial production growth12.
Gross fixed investment growth26.516.511.
Unemployment rate (av)
Consumer price inflation (av)
Consumer price inflation (end-period)
Short-term interbank rate6.
Government balance (% of GDP)-3.3-3.1-2.6-2.3-2.4-2.5
Exports of goods fob (US$ bn)117.9122.8131.7148.4173.6202.0
Imports of goods fob (US$ bn)169.1177.8190.4211.0240.1273.8
Current-account balance (US$ bn)-42.6-44.9-48.1-51.8-55.1-58.3
Current-account balance (% of GDP)-5.9-5.8-5.7-5.6-5.4-5.2
External debt (end-period; US$ bn)278.6274.9277.1283.5291.6299.1
Exchange rate TL:US$ (av)1.5011.5721.5871.6111.6051.599
Exchange rate TL:US$ (end-period)1.5151.5691.5991.6081.6021.596
Exchange rate TL:¥100 (av)1.7061.9081.9261.9891.9551.915
Exchange rate TL:€ (av)1.9871.9651.9051.9011.8621.871
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts.

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