The Turkish Economy in Real Time and High Definition

Türkiye’s Food Security Outlook Macroeconomic Forecasts

 

Baseline Scenario
Garanti BBVA Macroeconomic Forecasts
  2021 2022 2023 2024
CPI (eop) 36,1% 70,0% 45,0% 21,5%
GDP Growth  11,4% 6,0% 3,5% -1,0%
GDP (Billion TL) 7.212 13.940 21.468 27.957
GDP (Billion USD) 807 827 874 1.090
GDP Deflator 28,3% 83,7% 54,4% 30,6%
Per Capita Income (USD) 9.562 9.686 10.115 12.476
Current Account Balance (Billion USD) -13,6 -58,2 -50,2 -29,3
Current Account Balance/GDP -1,7% -7,0% -5,7% -2,7%
Foreign Trade Balance (Billion USD) -46 -108 -99 -85
Foreign Trade Balance/GDP -5,7% -13,0% -11,3% -7,8%
CG Budget Balance/GDP -2,7% -3,1% -3,8% -4,5%