| Garanti BBVA Macroeconomic Forecasts |
| |
2022 |
2023 |
2024 |
2025 |
| CPI (eop) |
64,3% |
65,0% |
45,0% |
28,0% |
| GDP Growth |
5,5% |
4,5% |
3,5% |
3,5% |
| GDP (Billion TL) |
14.985 |
25.312 |
40.915 |
57.410 |
| GDP (Billion USD) |
905 |
1.063 |
1.115 |
1.273 |
| GDP Deflator |
81,8% |
60,8% |
62,3% |
40,6% |
| Per Capita Income (USD) |
10.659 |
12.297 |
12.755 |
14.403 |
| 2-year Benchmark Bond Yield (eop, compound) |
10,0% |
43,5% |
32,3% |
24,8% |
| CBRT One-Week Repo Rate (eop) |
9,0% |
42,5% |
45,0% |
32,0% |
| CBRT Funding Rate (average) |
12,7% |
20,3% |
45,0% |
39,4% |
| USDTRY (eop) |
18,64 |
30,00 |
42,00 |
47,50 |
| USDTRY (average) |
16,56 |
23,82 |
36,50 |
44,98 |
| EUROTRY (eop) |
19,73 |
32,15 |
47,19 |
56,01 |
| EUROTRY (average) |
17,38 |
25,72 |
40,13 |
51,91 |
| Current Account Balance (Billion USD) |
-49,1 |
-47,1 |
-36,4 |
-37,4 |
| Current Account Balance/GDP |
-5,4% |
-4,4% |
-3,3% |
-2,9% |
| Foreign Trade Balance (Billion USD) |
-110 |
-113 |
-109 |
-122 |
| Foreign Trade Balance/GDP |
-12,1% |
-10,6% |
-9,8% |
-9,5% |
| CG Primary Balance/GDP |
1,1% |
-3,0% |
-2,9% |
0,2% |
| CG Budget Balance/GDP |
-0,9% |
-5,5% |
-6,5% |
-3,6% |