Macroeconomic Forecasts

Baseline Scenario*
Garanti BBVA Macroeconomic Forecasts
  2021 2022 2023 2024
CPI (eop) 36,1% 70,0% 33,3% 20,2%
GDP Growth  11,0% 5,0% 3,0% 1,6%
GDP (Billion TL) 7.200 13.509 19.928 25.037
GDP (Billion USD) 810 842 1.224 1.497
GDP Deflator 28,5% 84,2% 48,1% 25,9%
Per Capita Income (USD) 9.601 9.862 14.162 17.131
Current Account Balance (Billion USD) -13,7 -47,4 -32,7 -22,1
Current Account Balance/GDP -1,7% -5,6% -2,7% -1,5%
Foreign Trade Balance (Billion USD) -46 -95 -86 -87
Foreign Trade Balance/GDP -5,7% -11,2% -7,0% -5,8%
CG Budget Balance/GDP -2,7% -4,5% -4,8% -5,1%

*As of date 06.06.2022