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Country Report Turkey January 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ m) | 530,917 | 647,140 | 730,325 | 614,619 | 724,160 | 779,440 | 850,877 |
| Nominal GDP (TL m) | 758,391 | 843,178 | 950,534 | 952,635 | 1,086,834 | 1,225,218 | 1,350,451 |
| Real GDP growth (%) | 6.9 | 4.7 | 0.7 | -4.7 | 8.0 | 5.3 | 5.2 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 4.6 | 5.5 | -0.3 | -2.2 | 7.0 | 5.5 | 5.0 |
| Government consumption | 8.4 | 6.5 | 1.7 | 7.8 | 0.5 | 5.0 | 4.0 |
| Gross fixed investment | 13.3 | 3.1 | -6.2 | -19.1 | 26.5 | 16.5 | 11.5 |
| Exports of goods & services | 6.6 | 7.3 | 2.7 | -5.3 | 1.5 | 1.8 | 4.7 |
| Imports of goods & services | 6.9 | 10.7 | -4.1 | -14.3 | 18.4 | 12.0 | 10.0 |
| Origin of GDP (% real change) | |||||||
| Agriculture | 1.4 | -6.7 | 4.3 | 3.5 | -2.0 | 1.0 | 0.5 |
| Industry | 10.2 | 5.8 | -1.3 | -8.4 | 8.5 | 5.0 | 4.0 |
| Services | 6.0 | 6.1 | 1.6 | -3.2 | 9.7 | 6.2 | 6.8 |
| Population and income | |||||||
| Population (m) | 70.4b | 71.2b | 71.9b | 72.6b | 73.3 | 74.0 | 74.7 |
| GDP per head (US$ at PPP) | 11,714b | 12,490b | 12,716b | 12,109b | 13,027 | 13,821 | 14,721 |
| Recorded unemployment (av; %) | 9.9 | 10.3 | 11.0 | 14.1 | 12.2 | 12.2 | 12.2 |
| Fiscal indicators (% of GDP) | |||||||
| Central government revenue | 22.9 | 22.6 | 22.1 | 22.6 | 23.0 | 22.5 | 22.8 |
| Central government expenditure | 23.5 | 24.2 | 23.9 | 28.1 | 26.3 | 25.7 | 25.4 |
| Central government balance | -0.6 | -1.6 | -1.8 | -5.5 | -3.3 | -3.1 | -2.6 |
| Gross public debt | 45.5 | 39.6 | 40.0 | 46.3 | 44.4 | 42.3 | 40.9 |
| Prices and financial indicators | |||||||
| Exchange rate TL:US$ (end-period) | 1.409 | 1.171 | 1.526 | 1.491 | 1.515 | 1.569 | 1.599 |
| Exchange rate TL:€ (end-period) | 1.859 | 1.710 | 2.121 | 2.137 | 2.022 | 1.882 | 1.903 |
| Consumer prices (end-period; %) | 9.7 | 8.4 | 10.1 | 6.5 | 7.5 | 6.3 | 5.7 |
| Stock of money M1 (% change) | 10.7 | 20.1 | 14.5 | 17.1 | 24.4 | 12.7 | 10.2 |
| Lending interest rate (av; %) | 28.0b | 27.0b | 26.5b | 21.0b | 19.0 | 18.3 | 19.5 |
| Current account (US$ m) | |||||||
| Trade balance | -41,059 | -46,795 | -53,021 | -24,896 | -51,276 | -54,980 | -58,615 |
| Goods: exports fob | 93,610 | 115,361 | 140,800 | 109,640 | 117,855 | 122,806 | 131,735 |
| Goods: imports fob | -134,669 | -162,156 | -193,821 | -134,536 | -169,131 | -177,786 | -190,350 |
| Services balance | 13,610 | 13,344 | 17,121 | 16,305 | 14,311 | 12,286 | 13,009 |
| Income balance | -6,656 | -7,103 | -8,159 | -7,671 | -7,266 | -3,958 | -4,406 |
| Current transfers balance | 1,908 | 2,243 | 2,113 | 2,299 | 1,623 | 1,746 | 1,906 |
| Current-account balance | -32,197 | -38,311 | -41,946 | -13,963 | -42,609 | -44,906 | -48,105 |
| External debt (US$ m) | |||||||
| Debt stock | 206,833 | 249,181 | 277,277 | 268,274bd | 278,560 | 274,883 | 277,095 |
| Debt service paid | 40,170 | 47,848 | 54,422 | 67,224b | 62,320 | 57,252 | 60,311 |
| Principal repayments | 30,505 | 35,966 | 41,368 | 58,467b | 54,083 | 48,397 | 50,843 |
| Interest | 9,665 | 11,882 | 13,054 | 8,758b | 8,237 | 8,855 | 9,468 |
| International reserves (US$ m) | |||||||
| Total international reserves | 63,265 | 76,507 | 73,657 | 74,995 | 84,631 | 86,074 | 83,118 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Based on full-year official data. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
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© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information