Forecast summary | ||||||
(% unless otherwise indicated) | ||||||
2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
Real GDP growth | 8.0 | 5.3 | 5.2 | 5.5 | 5.4 | 5.2 |
Industrial production growth | 12.5 | 6.0 | 5.5 | 5.0 | 5.5 | 5.0 |
Gross fixed investment growth | 26.5 | 16.5 | 11.5 | 7.5 | 7.5 | 7.0 |
Unemployment rate (av) | 12.2 | 12.2 | 12.2 | 12.0 | 11.7 | 11.0 |
Consumer price inflation (av) | 8.6 | 7.0 | 5.6 | 5.7 | 4.2 | 4.1 |
Consumer price inflation (end-period) | 7.5 | 6.3 | 5.7 | 4.7 | 4.1 | 4.0 |
Short-term interbank rate | 6.5 | 6.8 | 7.5 | 7.5 | 8.0 | 8.0 |
Government balance (% of GDP) | -3.3 | -3.1 | -2.6 | -2.3 | -2.4 | -2.5 |
Exports of goods fob (US$ bn) | 117.9 | 122.8 | 131.7 | 148.4 | 173.6 | 202.0 |
Imports of goods fob (US$ bn) | 169.1 | 177.8 | 190.4 | 211.0 | 240.1 | 273.8 |
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) | 278.6 | 274.9 | 277.1 | 283.5 | 291.6 | 299.1 |
Exchange rate TL:US$ (av) | 1.501 | 1.572 | 1.587 | 1.611 | 1.605 | 1.599 |
Exchange rate TL:US$ (end-period) | 1.515 | 1.569 | 1.599 | 1.608 | 1.602 | 1.596 |
Exchange rate TL:¥100 (av) | 1.706 | 1.908 | 1.926 | 1.989 | 1.955 | 1.915 |
Exchange rate TL:€ (av) | 1.987 | 1.965 | 1.905 | 1.901 | 1.862 | 1.871 |
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. |
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