Country Report Turkey April 2011

Outlook for 2011-15: Forecast summary

Forecast summary
(% unless otherwise indicated)
Real GDP growth8.1c4.
Industrial production growth13.
Gross fixed investment growth26.5c16.
Unemployment rate (av)12.011.811.310.810.29.7
Consumer price inflation (av)
Consumer price inflation (end-period)
Short-term interbank rate5.
Government balance (% of GDP)-3.6c-2.9-2.6-2.9-2.6-2.0
Exports of goods fob (US$ bn)120.9cd130.0138.4149.7165.9185.7
Imports of goods fob (US$ bn)177.3cd192.1200.0214.8229.8252.4
Current-account balance (US$ bn)-48.6cd-50.9-50.1-53.9-55.3-58.1
Current-account balance (% of GDP)-6.7c-6.8-6.0-5.9-5.4-5.1
External debt (end-period; US$ bn)292.7c302.7302.6307.2314.0321.6
Exchange rate TL:US$ (av)1.5031.5981.6131.6291.6151.609
Exchange rate TL:US$ (end-period)1.5411.6051.6211.6221.6121.606
Exchange rate TL:¥100 (av)1.7101.9601.9912.0111.9671.927
Exchange rate TL:€ (av)1.9922.0892.0161.9581.9832.052
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. d Based on Central Bank of Turkey full-year data.

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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