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Country Report Turkey April 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 | 722,425 | 753,298 | 837,814 | |
| Nominal GDP (TL m) | 758,391 | 843,178 | 950,534 | 952,635 | 1,085,693 | 1,203,475 | 1,351,449 | |
| Real GDP growth (%) | 6.9 | 4.7 | 0.7 | -4.7 | 8.1 | 4.9 | 5.0 | |
| Expenditure on GDP (% real change) | ||||||||
| Private consumption | 4.6 | 5.5 | -0.3 | -2.2 | 7.0 | 5.0 | 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 | 16.0 | 9.5 | |
| Exports of goods & services | 6.6 | 7.3 | 2.7 | -5.3 | 1.9 | 2.4 | 5.4 | |
| Imports of goods & services | 6.9 | 10.7 | -4.1 | -14.3 | 18.2 | 12.3 | 8.8 | |
| 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 | 9.9 | 5.5 | 6.4 | |
| Population and income | ||||||||
| Population (m) | 70.4 | 71.2 | 71.9 | 72.6 | 73.3 | 74.0 | 74.7 | |
| GDP per head (US$ at PPP) | 11,714b | 12,490b | 12,716b | 12,109b | 13,141 | 13,932 | 14,902 | |
| Recorded unemployment (av; %) | 10.3 | 10.3 | 11.0 | 14.1 | 12.0a | 11.8 | 11.3 | |
| Fiscal indicators (% of GDP) | ||||||||
| Central government revenue | 22.9 | 22.6 | 22.1 | 22.6 | 23.4 | 23.3 | 23.4 | |
| Central government expenditure | 23.5 | 24.2 | 23.9 | 28.2 | 27.0 | 26.2 | 26.0 | |
| Central government balance | -0.6 | -1.6 | -1.8 | -5.5 | -3.6 | -2.9 | -2.6 | |
| Gross public debt | 45.5 | 39.6 | 40.0 | 46.3 | 43.6 | 42.0 | 40.0 | |
| Prices and financial indicators | ||||||||
| Exchange rate TL:US$ (end-period) | 1.409 | 1.171 | 1.526 | 1.491 | 1.541a | 1.605 | 1.621 | |
| Exchange rate TL:€ (end-period) | 1.859 | 1.710 | 2.121 | 2.137 | 2.093a | 2.023 | 1.977 | |
| Consumer prices (end-period; %) | 9.7 | 8.4 | 10.1 | 6.5 | 6.4a | 7.4 | 6.3 | |
| Stock of money M1 (% change) | 10.7 | 20.1 | 14.5 | 17.1 | 28.9a | 10.8 | 12.3 | |
| Lending interest rate (av; %) | 28.0b | 27.0b | 26.5b | 21.0b | 19.0 | 16.0 | 17.0 | |
| Current account (US$ m) | ||||||||
| Trade balance | -41,059 | -46,795 | -53,021 | -24,893 | -56,354d | -62,126 | -61,548 | |
| Goods: exports fob | 93,610 | 115,361 | 140,800 | 109,647 | 120,923d | 129,995 | 138,436 | |
| Goods: imports fob | -134,669 | -162,156 | -193,821 | -134,540 | -177,277d | -192,120 | -199,984 | |
| Services balance | 13,610 | 13,344 | 17,121 | 16,305 | 14,245d | 14,386 | 15,345 | |
| Income balance | -6,656 | -7,103 | -8,159 | -8,121 | -7,816d | -4,609 | -5,489 | |
| Current transfers balance | 1,908 | 2,243 | 2,113 | 2,299 | 1,364d | 1,422 | 1,582 | |
| Current-account balance | -32,197 | -38,311 | -41,946 | -14,410 | -48,561d | -50,927 | -50,110 | |
| External debt (US$ m) | ||||||||
| Debt stock | 206,833 | 249,181 | 277,277 | 268,281be | 292,716 | 302,713 | 302,594 | |
| Debt service paid | 40,170 | 47,848 | 54,422 | 67,224b | 58,308 | 54,828 | 65,217 | |
| Principal repayments | 30,505 | 35,966 | 41,368 | 58,467b | 50,054 | 45,294 | 54,580 | |
| Interest | 9,665 | 11,882 | 13,054 | 8,758b | 8,254 | 9,534 | 10,637 | |
| International reserves (US$ m) | ||||||||
| Total international reserves | 63,265 | 76,507 | 73,657 | 74,995 | 86,080a | 85,589 | 83,772 | |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Based on Central Bank of Turkey full-year data. e Based on full-year Treasury data. | ||||||||
| Source: IMF, International Financial Statistics. | ||||||||
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