Turkey Forecast: Real GDP Growth
1980 - 2026 | Yearly | % | International Monetary Fund
Turkey Real GDP Growth is forecasted to be 6.042 % in Dec 2021 as reported by International Monetary Fund. It records a decrease from the last reported number of 1.794 % in Dec 2020. Looking ahead, Turkey Real GDP Growth is projected to stand at 3.505 % in Dec 2026. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Turkey's Forecast: Real GDP Growth from 1980 to 2026 in the chart:
What is Turkey's Forecast: Real GDP Growth in 2026?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.505 2026 | 3.523 2025 | -5.750 2001 | 11.200 2011 | % | yearly | 1980 - 2026 |
Forecast: Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 4.001 2026 | yearly | 2003 - 2026 |
| Albania (%) | 3.500 2026 | yearly | 1980 - 2026 |
| Algeria (%) | 1.097 2026 | yearly | 1980 - 2026 |
| Angola (%) | 3.726 2026 | yearly | 1980 - 2026 |
| Antigua and Barbuda (%) | 2.977 2026 | yearly | 1980 - 2026 |
| Argentina (%) | 1.534 2026 | yearly | 1980 - 2026 |
| Armenia (%) | 4.500 2026 | yearly | 1993 - 2026 |
| Aruba (%) | 1.100 2025 | yearly | 1996 - 2025 |
| Australia (%) | 2.461 2026 | yearly | 1980 - 2026 |
| Austria (%) | 1.800 2026 | yearly | 1980 - 2026 |
| Azerbaijan (%) | 1.740 2026 | yearly | 1993 - 2026 |
| Bahamas (%) | 1.497 2026 | yearly | 1980 - 2026 |
| Bahrain (%) | 3.082 2026 | yearly | 1980 - 2026 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2026 | yearly | 1980 - 2026 |
| Belarus (%) | 1.442 2026 | yearly | 1993 - 2026 |
| Belgium (%) | 1.341 2026 | yearly | 1980 - 2026 |
| Belize (%) | 2.000 2026 | yearly | 1980 - 2026 |
| Benin (%) | 6.382 2026 | yearly | 1980 - 2026 |
| Bhutan (%) | 5.796 2026 | yearly | 1980 - 2026 |
| Bolivia (%) | 3.400 2026 | yearly | 1980 - 2026 |
| Bosnia and Herzegovina (%) | 3.000 2026 | yearly | 1997 - 2026 |
| Botswana (%) | 3.905 2026 | yearly | 1980 - 2026 |
| Brazil (%) | 2.015 2026 | yearly | 1980 - 2026 |
| Brunei (%) | 2.027 2026 | yearly | 1986 - 2026 |
| Bulgaria (%) | 2.800 2026 | yearly | 1980 - 2026 |
| Burkina Faso (%) | 5.603 2026 | yearly | 1980 - 2026 |
| Burundi (%) | 2.981 2026 | yearly | 1980 - 2026 |
| Cambodia (%) | 6.770 2026 | yearly | 1988 - 2026 |
| Cameroon (%) | 5.470 2026 | yearly | 1980 - 2026 |
| Canada (%) | 1.549 2026 | yearly | 1980 - 2026 |
| Cape Verde (%) | 6.176 2026 | yearly | 1980 - 2026 |
| Central African Republic (%) | 4.846 2026 | yearly | 1980 - 2026 |
| Chad (%) | 3.802 2026 | yearly | 1980 - 2026 |
| Chile (%) | 2.549 2026 | yearly | 1980 - 2026 |
| China (%) | 4.863 2026 | yearly | 1980 - 2026 |
| Colombia (%) | 3.645 2026 | yearly | 1980 - 2026 |
| Comoros (%) | 3.800 2026 | yearly | 1980 - 2026 |
| Congo (%) | 1.039 2026 | yearly | 1980 - 2026 |
| Costa Rica (%) | 3.304 2026 | yearly | 1980 - 2026 |
| Croatia (%) | 3.000 2026 | yearly | 1993 - 2026 |
| Cyprus (%) | 2.507 2026 | yearly | 1980 - 2026 |
| Czech Republic (%) | 2.510 2026 | yearly | 1996 - 2026 |
| Democratic Republic of Congo (%) | 4.124 2026 | yearly | 1980 - 2026 |
| Denmark (%) | 1.800 2026 | yearly | 1980 - 2026 |
| Djibouti (%) | 6.000 2026 | yearly | 1992 - 2026 |
| Dominica (%) | 1.511 2026 | yearly | 1980 - 2026 |
| Dominican Republic (%) | 5.000 2026 | yearly | 1980 - 2026 |
| Ecuador (%) | 2.502 2026 | yearly | 1980 - 2026 |
| Egypt (%) | 5.842 2026 | yearly | 1980 - 2026 |
| El Salvador (%) | 2.040 2026 | yearly | 1980 - 2026 |
| Equatorial Guinea (%) | -2.402 2026 | yearly | 1980 - 2026 |
| Eritrea (%) | 3.914 2026 | yearly | 1993 - 2026 |
| Estonia (%) | 3.000 2026 | yearly | 1994 - 2026 |
| Swaziland (%) | 2.276 2026 | yearly | 1980 - 2026 |
| Ethiopia (%) | 8.002 2026 | yearly | 1980 - 2026 |
| Fiji (%) | 3.300 2026 | yearly | 1980 - 2026 |
| Finland (%) | 1.266 2026 | yearly | 1980 - 2026 |
| France (%) | 1.242 2026 | yearly | 1980 - 2026 |
| Gabon (%) | 3.894 2026 | yearly | 1981 - 2026 |
| Gambia (%) | 5.620 2026 | yearly | 1980 - 2026 |
| Georgia (%) | 5.200 2026 | yearly | 1995 - 2026 |
| Germany (%) | 1.090 2026 | yearly | 1980 - 2026 |
| Ghana (%) | 5.416 2026 | yearly | 1980 - 2026 |
| Greece (%) | 1.356 2026 | yearly | 1980 - 2026 |
| Grenada (%) | 2.735 2026 | yearly | 1980 - 2026 |
| Guatemala (%) | 3.500 2026 | yearly | 1980 - 2026 |
| Guinea (%) | 4.953 2026 | yearly | 1980 - 2026 |
| Guinea-Bissau (%) | 5.000 2026 | yearly | 1981 - 2026 |
| Guyana (%) | 3.045 2026 | yearly | 1980 - 2026 |
| Haiti (%) | 1.400 2026 | yearly | 1980 - 2026 |
| Honduras (%) | 3.940 2026 | yearly | 1980 - 2026 |
| Hong Kong SAR, China (%) | 2.934 2026 | yearly | 1980 - 2026 |
| Hungary (%) | 2.600 2026 | yearly | 1980 - 2026 |
| Iceland (%) | 2.335 2026 | yearly | 1980 - 2026 |
| India (%) | 6.535 2026 | yearly | 1980 - 2026 |
| Indonesia (%) | 5.216 2026 | yearly | 1980 - 2026 |
| Iran (%) | 2.107 2026 | yearly | 1980 - 2026 |
| Iraq (%) | 3.304 2026 | yearly | 1999 - 2026 |
| Ireland (%) | 2.623 2026 | yearly | 1980 - 2026 |
| Israel (%) | 3.112 2026 | yearly | 1980 - 2026 |
| Italy (%) | 0.817 2026 | yearly | 1980 - 2026 |
| Ivory Coast (%) | 6.000 2026 | yearly | 1980 - 2026 |
| Jamaica (%) | 2.193 2026 | yearly | 1980 - 2026 |
| Japan (%) | 0.492 2026 | yearly | 1980 - 2026 |
| Jordan (%) | 3.300 2026 | yearly | 1980 - 2026 |
| Kazakhstan (%) | 4.431 2026 | yearly | 1993 - 2026 |
| Kenya (%) | 6.108 2026 | yearly | 1980 - 2026 |
| Kiribati (%) | 1.971 2026 | yearly | 1980 - 2026 |
| South Korea (%) | 2.287 2026 | yearly | 1980 - 2026 |
| Kosovo (%) | 4.000 2026 | yearly | 2001 - 2026 |
| Kuwait (%) | 2.461 2026 | yearly | 1980 - 2026 |
| Kyrgyzstan (%) | 3.964 2026 | yearly | 1993 - 2026 |
| Laos (%) | 5.993 2026 | yearly | 1980 - 2026 |
| Latvia (%) | 3.015 2026 | yearly | 1993 - 2026 |
| Lebanon (%) | -25.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 3.176 2026 | yearly | 1980 - 2026 |
| Liberia (%) | 5.674 2026 | yearly | 2001 - 2026 |
| Libya (%) | 4.188 2026 | yearly | 1980 - 2026 |
| Lithuania (%) | 2.256 2026 | yearly | 1996 - 2026 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Dec 2020 | quarterly | Dec 2006 - Dec 2020 |
| Consolidated Fiscal Balance (USD mn) | 2,982.502 Mar 2021 | monthly | Jan 2006 - Mar 2021 |
| Tax Revenue (USD mn) | 8,511.665 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| Tax Revenue: % of GDP (%) | 18.4 Mar 2021 | quarterly | Mar 2006 - Mar 2021 |
| National Government Debt (USD mn) | 271,456.7 2020 | yearly | 2001 - 2020 |
| Government Debt: % of GDP (%) | 39.5 Dec 2020 | quarterly | Dec 2001 - Dec 2020 |
| Forecast: Government Expenditure (TRY bn) | 4,106.510 2026 | yearly | 2000 - 2026 |
| Forecast: Government Net Debt (TRY bn) | 5,150.900 2026 | yearly | 2000 - 2026 |
| Forecast: Government Revenue (TRY bn) | 3,386.900 2026 | yearly | 2000 - 2026 |
| General Budget: Revenue (TRY mn) | 111,320.218 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: Expenditure (TRY mn) | 119,741.054 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: Cash Balance (TRY mn) | -7,220.836 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: ytd: Revenue: Tax (TRY th) | 496,940,140.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 296,898,449.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 647,409,970.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 174,105,324.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 16,132,204.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Revenue (TRY th) | 616,830,061.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Balance (TRY th) | -30,579,909.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.000 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | -4,194.3 Mar 2021 | monthly | Jan 2013 - Mar 2021 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 40.3 Mar 2021 | monthly | Jan 2014 - Mar 2021 |
| Aluminum: Exports (USD th) | 1,720,685.930 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 758,266.824 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 566,555.239 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 21.8 Mar 2021 | monthly | Jan 2014 - Mar 2021 |
| Imports: Medicament (USD th) | 3,005,491.176 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,530,516.039 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 1,007.089 Dec 2020 | monthly | Apr 1964 - Dec 2020 |
| Total Imports from USA (USD mn) | 988.307 Mar 2021 | monthly | Apr 1964 - Mar 2021 |
| Total Exports to China (USD mn) | 323.861 Apr 2021 | monthly | Oct 1984 - Apr 2021 |
| Total Imports from China (USD mn) | 2,312.315 Apr 2021 | monthly | Sep 1992 - Apr 2021 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Exports: BEC: IG: Materials Incidental to Industry: Unprocessed (USD mn) | 530.243 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Investment Goods Parts (USD mn) | 560.708 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Materials Incidental to Industry: Processed (USD mn) | 5,979.992 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 11.032 May 2021 | monthly | Mar 1969 - May 2021 |
| Exports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 1,031.523 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG:Incidental to Industry: Unprocessed Materials (USD mn) | 1,697.001 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG: Investment Goods Parts (USD mn) | 1,112.819 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 2,314.554 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 195.417 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG:Incidental to Industry: Processed Materials (USD mn) | 7,430.502 May 2021 | monthly | Jan 1969 - May 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.7 May 2021 | monthly | Jan 2003 - May 2021 |
| Household Debt: % of GDP (%) | 17.9 Dec 2020 | quarterly | Dec 2014 - Dec 2020 |
| Non-Performing Loans (USD mn) | 17,346.864 May 2021 | monthly | Dec 2002 - May 2021 |
| Money Supply M1 (USD mn) | 156,015.970 Apr 2021 | monthly | Dec 1963 - Apr 2021 |
| Money Supply M2 (USD mn) | 436,883.356 Apr 2021 | monthly | Dec 1976 - Apr 2021 |
| M2 Growth (%) | 22.8 Apr 2021 | monthly | Dec 1977 - Apr 2021 |
| Reserve Requirement Ratio (%) | 8.0 May 2021 | monthly | Jan 2011 - May 2021 |
| Foreign Exchange Reserves (USD mn) | 46,196.0 Mar 2021 | monthly | Apr 2000 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 6.340 Mar 2021 | quarterly | Jun 2000 - Mar 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.2 Apr 2021 | monthly | Apr 2000 - Apr 2021 |
| Gold Reserves (USD mn) | 43,945.000 May 2021 | monthly | Dec 1956 - May 2021 |
| Total Deposits (USD mn) | 444,558.418 May 2021 | monthly | Dec 2002 - May 2021 |
| Total Deposits Growth (%) | 30.3 Mar 2021 | monthly | Dec 2003 - Mar 2021 |
| Domestic Credit (USD mn) | 568,260.6 Apr 2021 | monthly | Jan 1986 - Apr 2021 |
| Domestic Credit Growth (%) | 24.9 Apr 2021 | monthly | Jan 1987 - Apr 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 14.600 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| Credit to Households (USD bn) | 118.232 Dec 2020 | quarterly | Mar 1986 - Dec 2020 |
| Credit to Private Non-Financial Sector (USD bn) | 605.309 Dec 2020 | quarterly | Mar 1986 - Dec 2020 |
| Household Debt (USD mn) | 94,895.9 May 2021 | monthly | Jan 1986 - May 2021 |
| Total Loans (USD mn) | 372,105.044 Mar 2021 | monthly | Jan 1986 - Mar 2021 |
| Total Loans Growth (%) | 21.78 Apr 2021 | monthly | Jan 1987 - Apr 2021 |
| Private Debt: % of Nominal GDP (%) | 55.69 Dec 2020 | quarterly | Dec 1998 - Dec 2020 |
| Money Supply: M3 (TRY th) | 3,782,523,533.680 May 2021 | monthly | Dec 2005 - May 2021 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 3.693 May 2021 | monthly | Jan 2003 - May 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 12.7 Jul 2021 | monthly | Jan 2008 - Jul 2021 |
| Composite Leading Indicator Index: Trend Restored (NA) | 239.070 May 2021 | monthly | Dec 1987 - May 2021 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 112.100 Jul 2021 | monthly | Jan 2007 - Jul 2021 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 86.314 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 114.769 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 109.640 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
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