| Garanti BBVA Macroeconomic Forecasts |
| |
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
2030 |
| CPI (eop) |
64,8% |
44,4% |
32,0% |
22,5% |
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) |
26.546 |
43.411 |
61.284 |
80.073 |
99.579 |
121.102 |
145.221 |
173.755 |
| GDP (Billion USD) |
1.130 |
1.322 |
1.518 |
1.637 |
1.764 |
1.840 |
1.909 |
1.981 |
| GDP Deflator |
68,2% |
58,5% |
36,4% |
25,7% |
19,4% |
16,7% |
15,4% |
15,0% |
| Per Capita Income (USD) |
13.243 |
15.450 |
17.173 |
18.321 |
19.528 |
20.149 |
20.680 |
22.509 |
| 2-year Benchmark Bond Yield (eop, compound) |
39,7% |
40,6% |
32,0% |
25,4% |
22,0% |
20,4% |
19,6% |
19,5% |
| CBRT One-Week Repo Rate (eop) |
42,5% |
47,5% |
35,0% |
25,0% |
20,0% |
18,0% |
18,0% |
18,0% |
| CBRT Funding Rate (average) |
20,5% |
49,6% |
40,9% |
28,9% |
22,0% |
18,9% |
18,0% |
18,0% |
| USDTRY (eop) |
29,44 |
35,28 |
45,00 |
52,00 |
60,00 |
70,50 |
80,50 |
93,50 |
| USDTRY (average) |
23,74 |
32,80 |
40,23 |
48,79 |
56,33 |
65,69 |
75,92 |
87,54 |
| EUROTRY (eop) |
32,57 |
36,74 |
48,86 |
59,29 |
70,51 |
82,23 |
95,04 |
110,39 |
| EUROTRY (average) |
25,68 |
35,49 |
43,15 |
54,45 |
65,33 |
77,54 |
89,63 |
103,35 |
| Currency Basket (eop) |
31,01 |
36,01 |
46,93 |
55,65 |
65,25 |
76,87 |
87,77 |
101,94 |
| Currency Basket (average) |
24,71 |
34,15 |
31,69 |
51,62 |
60,83 |
71,61 |
82,60 |
95,45 |
| Parity (eop) |
1,11 |
1,04 |
1,09 |
1,14 |
1,18 |
1,18 |
1,18 |
1,18 |
| Current Account Balance (Billion USD) |
-40,5 |
-10,0 |
-27,2 |
-40,5 |
-41,0 |
-41,2 |
-43,5 |
-44,9 |
| Current Account Balance/GDP |
-3,6% |
-0,8% |
-1,8% |
-2,5% |
-2,3% |
-2,2% |
-2,3% |
-2,3% |
| Foreign Trade Balance (Billion USD) |
-106 |
-82 |
-110 |
-130 |
-137 |
-141 |
-147 |
-153 |
| Foreign Trade Balance/GDP |
-9,4% |
-6,2% |
-7,2% |
-7,9% |
-7,8% |
-7,7% |
-7,% |
-7,7% |
| 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% |