Macroeconomic Forecasts

Baseline Scenario*
Garanti BBVA Macroeconomic Forecasts
  2021 2022 2023 2024
CPI (eop) 36,1% 67,0% 42,0% 23,0%
GDP Growth  11,4% 5,5% 3,0% -1,5%
GDP (Billion TL) 7.212 13.807 20.788 26.921
GDP (Billion USD) 807 824 825 995
GDP Deflator 28,3% 82,1% 51,0% 29,8%
Per Capita Income (USD) 9.562 9.642 9.549 11.390
Current Account Balance (Billion USD) -7,3 -52,2 -40,0 -17,4
Current Account Balance/GDP -1,7% -6,3% -4,8% -1,7%
Foreign Trade Balance (Billion USD) -46 -108 -94 -77
Foreign Trade Balance/GDP -5,7% -13,1% -11,3% -7,7%
CG Budget Balance/GDP -2,7% -3,1% -3,8% -4,4%

*As of date 06.06.2022