Turkey Forecast: Real GDP Growth
1980 - 2027 | Yearly | % | International Monetary Fund
Key information about Turkey Forecast: Real GDP Growth
- Turkey Real GDP Growth is forecasted to be 4.000 % in Dec 2022 as reported by International Monetary Fund.
- It records a decrease from the last reported number of 11.000 % in Dec 2021.
- Looking ahead, Turkey Real GDP Growth is projected to stand at 3.300 % in Dec 2027.
- 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 2027 in the chart:
What is Turkey's Forecast: Real GDP Growth in 2027?
Turkey Real GDP Growth is forecasted to be 4.000 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.300 2027 | 3.334 2026 | -5.750 2001 | 11.200 2011 | % | yearly | 1980 - 2027 |
Forecast: Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -2.351 2020 | yearly | 2003 - 2020 |
| Albania (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Algeria (%) | 1.812 2027 | yearly | 1980 - 2027 |
| Andorra (%) | 1.500 2027 | yearly | 2001 - 2027 |
| Angola (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Antigua and Barbuda (%) | 2.703 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2027 | yearly | 1993 - 2027 |
| Aruba (%) | 1.400 2027 | yearly | 1987 - 2027 |
| Australia (%) | 2.585 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.780 2027 | yearly | 1980 - 2027 |
| Azerbaijan (%) | 2.493 2027 | yearly | 1993 - 2027 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 3.050 2027 | yearly | 1980 - 2027 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.574 2027 | yearly | 1993 - 2027 |
| Belgium (%) | 1.198 2027 | yearly | 1980 - 2027 |
| Belize (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Benin (%) | 6.028 2027 | yearly | 1980 - 2027 |
| Bhutan (%) | 5.762 2027 | yearly | 1980 - 2027 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2027 | yearly | 1997 - 2027 |
| Botswana (%) | 3.986 2027 | yearly | 1980 - 2027 |
| Brazil (%) | 2.040 2027 | yearly | 1980 - 2027 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2027 | yearly | 1980 - 2027 |
| Burkina Faso (%) | 5.305 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.519 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 5.164 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.631 2027 | yearly | 1980 - 2027 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 4.664 2027 | yearly | 1980 - 2027 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 4.784 2027 | yearly | 1980 - 2027 |
| Colombia (%) | 3.445 2027 | yearly | 1980 - 2027 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.370 2027 | yearly | 1980 - 2027 |
| Costa Rica (%) | 3.160 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 3.000 2027 | yearly | 1993 - 2027 |
| Cyprus (%) | 2.930 2027 | yearly | 1980 - 2027 |
| Czech Republic (%) | 2.505 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.632 2027 | yearly | 1980 - 2027 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 6.000 2027 | yearly | 1992 - 2027 |
| Dominica (%) | 2.489 2027 | yearly | 1980 - 2027 |
| Dominican Republic (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Ecuador (%) | 2.797 2027 | yearly | 1980 - 2027 |
| Egypt (%) | 5.904 2027 | yearly | 1980 - 2027 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 3.752 2027 | yearly | 1993 - 2027 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.990 2027 | yearly | 1980 - 2027 |
| Fiji (%) | 3.413 2027 | yearly | 1980 - 2027 |
| Finland (%) | 1.265 2027 | yearly | 1980 - 2027 |
| France (%) | 1.412 2027 | yearly | 1980 - 2027 |
| Gabon (%) | 3.823 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.200 2027 | yearly | 1995 - 2027 |
| Germany (%) | 1.134 2027 | yearly | 1980 - 2027 |
| Ghana (%) | 7.485 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.201 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.503 2027 | yearly | 1980 - 2027 |
| Guinea (%) | 5.107 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.748 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.700 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 2.700 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.299 2027 | yearly | 1980 - 2027 |
| India (%) | 6.168 2028 | yearly | 1981 - 2028 |
| Indonesia (%) | 5.177 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.025 2028 | yearly | 1981 - 2028 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.030 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.515 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.500 2027 | yearly | 1980 - 2027 |
| Ivory Coast (%) | 6.000 2027 | yearly | 1980 - 2027 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.398 2027 | yearly | 1980 - 2027 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 3.084 2027 | yearly | 1993 - 2027 |
| Kenya (%) | 5.424 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.284 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.500 2027 | yearly | 2001 - 2027 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 4.041 2027 | yearly | 1993 - 2027 |
| Laos (%) | 4.300 2027 | yearly | 1980 - 2027 |
| Latvia (%) | 3.260 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 0.122 2028 | yearly | 1981 - 2028 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.7 Jun 2022 | quarterly | Dec 2006 - Jun 2022 |
| Consolidated Fiscal Balance (USD mn) | -3,567.020 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| Tax Revenue (USD mn) | 8,989.123 Jun 2022 | monthly | Jan 2006 - Jun 2022 |
| Tax Revenue: % of GDP (%) | 18.2 Mar 2022 | quarterly | Mar 2006 - Mar 2022 |
| National Government Debt (USD mn) | 233,291.0 2021 | yearly | 2001 - 2021 |
| Government Debt: % of GDP (%) | 42.6 Mar 2022 | quarterly | Dec 2001 - Mar 2022 |
| Forecast: Government Expenditure (TRY bn) | 12,603.152 2027 | yearly | 2000 - 2027 |
| Forecast: Government Net Debt (TRY bn) | 16,959.025 2027 | yearly | 2000 - 2027 |
| Forecast: Government Revenue (TRY bn) | 10,271.474 2027 | yearly | 2000 - 2027 |
| General Budget: Revenue (TRY mn) | 336,679.810 Aug 2022 | monthly | Jan 2005 - Aug 2022 |
| General Budget: Cash Balance (TRY mn) | 28,727.370 Aug 2022 | monthly | Jan 2005 - Aug 2022 |
| General Budget: Expenditure (TRY mn) | 309,452.440 Aug 2022 | monthly | Jan 2005 - Aug 2022 |
| General Budget: ytd: Revenue (TRY th) | 1,435,986,986.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: Balance (TRY th) | 35,279,142.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 45,465,345.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,400,707,844.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 457,531,847.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: Revenue: Tax (TRY th) | 1,202,638,836.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 657,597,149.000 Jul 2022 | monthly | Jan 2006 - Jul 2022 |
| 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 (%) | 2.799 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | -10,026.5 Jul 2022 | monthly | Jan 2013 - Jul 2022 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 11.2 Jul 2022 | monthly | Jan 2014 - Jul 2022 |
| Aluminum: Exports (USD th) | 3,873,788.707 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 1,322,013.835 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 601,994.909 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 37.6 Jul 2022 | monthly | Jan 2014 - Jul 2022 |
| Imports: Medicament (USD th) | 2,713,227.061 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 4,495,215.087 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 1,555.471 Jun 2022 | monthly | Apr 1964 - Jun 2022 |
| Total Imports from USA (USD mn) | 1,388.764 Jul 2022 | monthly | Apr 1964 - Jul 2022 |
| Total Exports to China (USD mn) | 230.988 Jul 2022 | monthly | Jan 2013 - Jul 2022 |
| Total Imports from China (USD mn) | 3,804.280 Jul 2022 | monthly | Sep 1992 - Jul 2022 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 415.037 2021 | yearly | 1976 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.4 Jul 2022 | monthly | Jan 2003 - Jul 2022 |
| Household Debt: % of GDP (%) | 14.0 Mar 2022 | quarterly | Dec 2014 - Mar 2022 |
| Non-Performing Loans (USD mn) | 9,045.547 Jul 2022 | monthly | Dec 2002 - Jul 2022 |
| Money Supply M1 (USD mn) | 152,460.935 Jul 2022 | monthly | Dec 1963 - Jul 2022 |
| Money Supply M2 (USD mn) | 388,211.705 Jul 2022 | monthly | Dec 1976 - Jul 2022 |
| M2 Growth (%) | 82.8 Jul 2022 | monthly | Dec 1977 - Jul 2022 |
| Reserve Requirement Ratio (%) | 8.0 Aug 2022 | monthly | Jan 2011 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 53,680.0 Jul 2022 | monthly | Apr 2000 - Jul 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 5.965 Jun 2022 | quarterly | Jun 2000 - Jun 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Jul 2022 | monthly | Apr 2000 - Jul 2022 |
| Gold Reserves (USD mn) | 41,143.000 Jun 2022 | monthly | Dec 1956 - Jun 2022 |
| Total Deposits (USD mn) | 416,111.399 Jul 2022 | monthly | Dec 2002 - Jul 2022 |
| Total Deposits Growth (%) | 90.4 Jul 2022 | monthly | Dec 2003 - Jul 2022 |
| Domestic Credit (USD mn) | 452,165.4 Jul 2022 | monthly | Jan 1986 - Jul 2022 |
| Domestic Credit Growth (%) | 70.9 Jul 2022 | monthly | Jan 1987 - Jul 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 19.700 Dec 2021 | quarterly | Mar 2002 - Dec 2021 |
| Credit to Households (USD bn) | 78.746 Dec 2021 | quarterly | Mar 1986 - Dec 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 478.012 Dec 2021 | quarterly | Mar 1986 - Dec 2021 |
| Household Debt (USD mn) | 65,659.0 Jul 2022 | monthly | Jan 1986 - Jul 2022 |
| Total Loans (USD mn) | 294,056.818 Jul 2022 | monthly | Jan 1986 - Jul 2022 |
| Total Loans Growth (%) | 65.49 Jul 2022 | monthly | Jan 1987 - Jul 2022 |
| Private Debt: % of Nominal GDP (%) | 46.71 Jun 2022 | quarterly | Dec 1998 - Jun 2022 |
| Money Supply: M3 (TRY th) | 7,064,617,754.000 Jul 2022 | monthly | Dec 2005 - Jul 2022 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 2.417 Jul 2022 | monthly | Jan 2003 - Jul 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -10.8 Aug 2022 | monthly | Jan 2008 - Aug 2022 |
| Composite Leading Indicator Index: Trend Restored (NA) | 267.210 Jul 2022 | monthly | Dec 1987 - Jul 2022 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 101.400 Aug 2022 | monthly | Jan 2007 - Aug 2022 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 112.880 Aug 2022 | monthly | Jan 2011 - Aug 2022 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 116.240 Aug 2022 | monthly | Jan 2011 - Aug 2022 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 86.260 Aug 2022 | monthly | Jan 2011 - Aug 2022 |
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