| Garanti BBVA Macroeconomic Forecasts |
| |
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
| CPI (eop) |
64,8% |
43,0% |
25,0% |
18,5% |
16,0% |
15,0% |
15,0% |
| GDP Growth |
5,1% |
3,2% |
2,7% |
5,2% |
4,3% |
4,2% |
4,0% |
| GDP (Billion TL) |
26.546 |
43.757 |
58.475 |
74.110 |
90.500 |
108.865 |
130.288 |
| GDP (Billion USD) |
1.130 |
1.310 |
1.400 |
1.516 |
1.609 |
1.688 |
1.770 |
| GDP Deflator |
68,2% |
59,8% |
30,1% |
20,4% |
17,1% |
15,5% |
15,0% |
| Per Capita Income (USD) |
13.077 |
14.994 |
15.839 |
16.972 |
17.812 |
18.488 |
19.176 |
| 2-year Benchmark Bond Yield (eop, compound) |
39,7% |
36,3% |
26,3% |
23,3% |
19,8% |
19,8% |
19,5% |
| CBRT One-Week Repo Rate (eop) |
42,5% |
47,5% |
30,0% |
22,0% |
18,0% |
18,0% |
18,0% |
| CBRT Funding Rate (average) |
20,5% |
49,5% |
36,2% |
25,0% |
19,2% |
18,0% |
18,0% |
| USDTRY (eop) |
29,44 |
37,00 |
45,50 |
51,50 |
60,00 |
68,00 |
78,00 |
| USDTRY (average) |
23,74 |
33,26 |
41,60 |
48,75 |
56,10 |
64,33 |
73,42 |
| EUROTRY (eop) |
32,57 |
41,43 |
52,48 |
60,95 |
72,03 |
81,63 |
93,64 |
| EUROTRY (average) |
25,68 |
36,28 |
47,42 |
57,06 |
67,15 |
77,23 |
88,14 |
| Currency Basket (eop) |
31,01 |
39,22 |
48,99 |
56,22 |
66,01 |
74,82 |
85,82 |
| Currency Basket (average) |
24,71 |
34,77 |
44,51 |
52,91 |
61,63 |
70,78 |
80,78 |
| Parity (eop) |
1,11 |
1,12 |
1,15 |
1,18 |
1,20 |
1,20 |
1,20 |
| Current Account Balance (Billion USD) |
-45,0 |
-16,4 |
-22,2 |
-30,9 |
-34,4 |
-40,5 |
-44,7 |
| Current Account Balance/GDP |
-4,0% |
-1,3% |
-1,6% |
-2,0% |
-2,1% |
-2,4% |
-2,5% |
| Foreign Trade Balance (Billion USD) |
-106 |
-88 |
-99 |
-115 |
-123 |
-134 |
-142 |
| Foreign Trade Balance/GDP |
-9,4% |
-6,7% |
-7,1% |
-7,6% |
-7,7% |
-7,9% |
-8,0% |
| CG Primary Balance/GDP |
-2,7% |
-2,0% |
-0,1% |
0,2% |
0,5% |
0,5% |
0,6% |
| CG Budget Balance/GDP |
-5,2% |
-4,9% |
-3,3% |
-2,9% |
-2,7% |
-2,6% |
-2,5% |