Macroeconomic Forecasts

Baseline Scenario*
Garanti BBVA Macroeconomic Forecasts
  2021 2022 2023 2024 2025 2026 2027
CPI 36,1% 60,0% 30,0% 20,0% 17,5% 15,0% 15,0%
GDP Growth 11,0% 2,5% 3,0% 4,0% 3,3% 3,0% 3,0%
GDP (bnTL) 7.200 12.883 17.819 22.944 28.091 33.597 39.777
GDP (bn$) 810 825 1.084 1.270 1.472 1.720 1.979
GDP Deflator 28,5% 74,2% 34,2% 23,8% 18,6% 16,1% 15,0%
Per Capita Income ($) 9.601 9.657 12.551 14.527 16.659 19.253 21.907
Current Account Deficit (bn$) -14,9 -44,3 -26,7 -18,8 -11,8 -7,4 -6,8
Current Account Deficit (as of GDP) -1,8% -5,4% -2,5% -1,5% -0,8% -0,4% -0,3%
Foreign Trade Deficit (bn$) -46,1 -75,0 -77,5 -72,5 -74,0 -80,1 -90,4
Foreign Trade Deficit (as of GDP) -5,7% -9,1% -7,1% -5,7% -5,0% -4,7% -4,6%
CG Budget Balance / GDP -2,7% -6,1% -6,4% -6,0% -5,8% -5,5% -5,3%

*As of date 06.06.2022