| Garanti BBVA Macroeconomic Forecasts |
| |
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
2030 |
| CPI (eop) |
64,8% |
44,4% |
29,0% |
20,05% |
18,0% |
16,0% |
15,0% |
15,0% |
| GDP Growth |
5,1% |
3,2% |
3,5% |
4,0% |
4,2% |
4,2% |
4,0% |
4,0% |
| GDP (Billion TL) |
26.545,72 |
43.410,51 |
60.572,24 |
77.980,54 |
96,401,60 |
117.237,42 |
140.586,51 |
168.209,00 |
| GDP (Billion USD) |
1.130,01 |
1.322,41 |
1.556,39 |
1.640,42 |
1.707,32 |
1.781,01 |
1.848,09 |
1.917,52 |
| GDP Deflator |
68,2% |
58,5% |
34,8% |
23,8% |
18,7% |
16,7% |
15,4% |
15,0% |
| Per Capita Income (USD) |
13.243,43 |
15.450,14 |
18.092,10 |
18.976,04 |
19.656,96 |
20.412,24 |
21.088,23 |
21.788,56 |
| 2-year Benchmark Bond Yield (eop, compound) |
39,7% |
40,6% |
29,4% |
25,0% |
22,0% |
20,5% |
19,5% |
19,5% |
| CBRT One-Week Repo Rate (eop) |
42,5% |
47,5% |
31,5% |
23,0% |
20,5% |
18,5% |
18,0% |
18,0% |
| CBRT Funding Rate (average) |
20,5% |
49,6% |
37,9% |
26,8% |
21,3% |
19,3% |
18,1% |
18,0% |
| USDTRY (eop) |
29,44 |
35,28 |
42,00 |
52,00 |
60,00 |
70,50 |
80,50 |
93,50 |
| USDTRY (average) |
23,74 |
32,80 |
38,79 |
47,42 |
56,33 |
65,69 |
75,92 |
87,54 |
| EUROTRY (eop) |
32,57 |
36,74 |
44,40 |
57,52 |
68,73 |
82,17 |
95,04 |
110,39 |
| EUROTRY (average) |
25,68 |
35,49 |
40,63 |
51,30 |
63,52 |
75,98 |
89,28 |
103,35 |
| Currency Basket (eop) |
31,01 |
36,01 |
43,20 |
54,76 |
64,36 |
76,33 |
87,77 |
101,94 |
| Currency Basket (average) |
24,71 |
34,15 |
39,71 |
49,36 |
59,93 |
70,83 |
82,60 |
95,45 |
| Parity (eop) |
1,11 |
1,04 |
1,06 |
1,11 |
1,15 |
1,17 |
1,18 |
1,18 |
| Current Account Balance (Billion USD) |
-40,50 |
-10,00 |
-25,43 |
-40,22 |
-44,87 |
-45,33 |
-46,70 |
-48,23 |
| Current Account Balance/GDP |
-3,6% |
-0,8% |
-1,6% |
-2,5% |
-2,6% |
-2,5% |
-2,5% |
-2,5% |
| Foreign Trade Balance (Billion USD) |
-106,34 |
-82,17 |
-109,16 |
-129,49 |
-137,78 |
-142,25 |
-148,35 |
-153,69 |
| Foreign Trade Balance/GDP |
-9,4% |
-6,2% |
-7,0% |
-7,9% |
-8,1% |
-8,0% |
-8,0% |
-8,0% |
| CG Primary Balance/GDP |
-2,6% |
-1,9% |
-0,4% |
-0,2% |
0,0% |
0,1% |
0,2% |
0,3% |
| CG Budget Balance/GDP |
-5,2% |
-4,9% |
-3,5% |
-3,3% |
-3,2% |
-3,0% |
-2,9% |
-2,8% |