Turkey Economy & Turkey Markets Data analytics

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MacroVar monitors real-time economic, financial and geopolitical developments for the Turkey economy and Turkey markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.

Turkey Overview

 
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Turkey Overview presents the current trends and dynamics of the major Turkey financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.


Symbol Price 1D% MoM% YoY% M T B Details
BIST 100 BIST 9763.67 -1.55 -0.03 5.64
Description
Turkey 2-year bond yield TR.2Y 36.2 0.5 0.02 -7.32
Description
Turkey 10-Year Bond Yield TR.10Y 26 -0.11 0.01 7.13
Description
Turkish Lira US Dollar (TRY/USD) TRYUSD 36.33 0.17 0.02 14.57
Description
Manufacturing PMI tr.manpmi 49.1 2 2 4
Description
ESI - Economic Composite tr.esi.conf 97.7 -3 -3 9
Description
Symbol Price 1D% MoM% YoY% M T B Details
BIST 100 BIST 9763.67 -1.55 -0.03 5.64
Description
Turkey ETF TUR 34.63 -1.97 -0.04 -9.57
Description
Turkey 2-year bond yield TR.2Y 36.2 0.5 0.02 -7.32
Description
Turkey 10-Year Bond Yield TR.10Y 26 -0.11 0.01 7.13
Description
Turkey Yield Curve TR.YC -10.2 2.1 0.05 -33.03
Description
Turkish Lira US Dollar (TRY/USD) TRYUSD 36.33 0.17 0.02 14.57
Description
Turkey Credit Default Swaps CDS.Turkey 277.25 1.56 0.12 -10.85
Description
Symbol Price 1D% MoM% YoY% M T B Details
ESI - Economic Composite tr.esi.conf 97.7 -3 -3 9
Description
Manufacturing PMI tr.manpmi 49.1 2 2 4
Description
GDP Growth (annual) tr.gdpgrowthan 2.1 -16 -16 -72
Description
Inflation CPI tr.inflationcpi 42.12 -5 -5 -35
Description
Unemployment rate tr.unemploymentrate 8.5 -1 -1 -3
Description
Symbol Price 1D% MoM% YoY% M T B Details
USDTRY Implied Volatility USDTRY.IV 15.24 -6.96 -0.45 25.43
Description
BIST 100 BIST 9763.67 -1.55 -0.03 5.64
Description
Turkey 2-year bond yield TR.2Y 36.2 0.5 0.02 -7.32
Description
Turkey 10-Year Bond Yield TR.10Y 26 -0.11 0.01 7.13
Description
Turkish Lira US Dollar (TRY/USD) TRYUSD 36.33 0.17 0.02 14.57
Description
Turkey Credit Default Swaps CDS.Turkey 277.25 1.56 0.12 -10.85
Description

Turkey Market News

  
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Time Headlines
2024-02-29 10:40 Statement about the Turkish Repo Rate
2024-02-29 10:40 The Turkish weekly repo rate was reported at 45%, matching both the forecast and the previous rate of 45.00%.
2023-12-06 19:11 President Erdogan of Turkey has stated that the era of significant devaluation for the country's currency, the lira, has come to an end.
Monitor Real-Time Market News >>

Turkey Economic Sectors

 
MacroVar analyzes in detail the dynamics of the Turkey economy by economic sector and subsector based on data obtained from Eurostat. MacroVar presents for free current dynamics of Turkey economic sectors.


Sectors Last Previous Trend Momentum Trend MoM% QoQ% YoY%
General Economic Conditions 92.8 95.4 -3 -4 -5
Manufacturing sector -3.9 -2.2 77 129 875
Services sector 21.7 23.1 -6 -8 0
Retail sector 8.6 10.8 -20 -20 -51
Consumer sector -21.9 -19.7 11 5 46
Construction sector -12.7 -12.3 3 12 17
Employment dynamics 101.8 102.9 -1 0 -4
Turkey's detailed economic sector analysis by subsectors and industries is only available to Premium users.

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Turkey Economic Overview

  
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Turkey economic overview presents a snapshot of US current economic conditions. You can find details for the Turkey economy subsections by exploring the sections below.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
ESI - Economic Composite tr.esi.conf 97.7 101.1 -3 9 Down UP
Industrial New Orders tr.man.orders -13.3 -12.4 7 -4 UP UP
Industrial Prices tr.man.priceexp 38.0 37.6 1 -3 Down Down
Manufacturing PMI tr.manpmi 48.0 49.1 -2 -2 Down Down
Industrial Confidence tr.esi.man 0.6 -0.5 -220 -135 UP UP
Services Confidence tr.esi.serv 18.1 19.9 -9 -8 Down Down
Consumer Confidence tr.esi.cons -20.5 -19.9 3 -17 UP UP
Retail Confidence tr.esi.ret 13.8 13.4 3 -4 UP Down
Construction Confidence tr.esi.constr -11.5 -13.3 -14 26 UP Down

Turkey Manufacturing

  
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MacroVar tracks hundreds of indicators related to Turkey manufacturing sector.


1Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Manufacturing PMI tr.manpmi 48.0 49.1 -2 -2 Down Down
industrial production tr.indproduction -1.9 1.2 -258 -117 Down Down

Turkey consumer sentiment

  
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Consumer spending makes a large part of the Turkey Economy.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
consumer confidence tr.consconfidence 83.9 85.9s -2 4 UP UP
Consumer Confidence tr.esi.cons -20.5 -19.9s 3 -17 UP UP
EEI - Employment Composite tr.eei.emp 99.5 104.4s -5 9 Down UP
unemployment rate tr.unemploymentrate 8.5 8.6s -1 -3 Down Down
retail sales tr.retailsalesan 13.5 16.6s -19 -6 Down Down
retail sales MoM tr.retailsales 0.4 1.9s -79 -71 Down Down
car registrations tr.carregistrations 238993.0 188966s 26 20 UP UP
building permits tr.buildingpermits 165134.0 137210s 20 255 UP UP

Turkey Construction

  
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The Turkey construction sector is a significant component of the Turkey economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
building permits tr.buildingpermits 165134.0 137210 20 255 UP UP
housing starts tr.housingstarts 7907.0 8072 -2 -18 Down Down
new home sales tr.newhomesales 32785.0 76629 -57 -36 Down Down

Turkey Macroeconomic outlook

  
Turkey Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Turkey economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Turkey macroeconomic model in detail.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
gdp tr.gdp 1108.02 905.99 22 27 UP UP
Real GDP tr.realgdp 612403962.0 543800000 13 14 UP UP
gdp growth annual tr.gdpgrowthan 2.1 2.5 -16 -72 Down Down
gdp growth tr.gdpgrowth 1.7 -0.1 -1800 6 UP UP
inflation cpi tr.inflationcpi 42.12 44.38 -5 -35 Down Down
interest rate tr.interestrate 50.0 50 0 25 UP UP
unemployment rate tr.unemploymentrate 8.5 8.6 -1 -3 Down Down
government debt tr.govdebt 9579300.0 9250800 4 37 UP UP
external debt tr.externaldebt 525800.0 512779 3 16 UP UP
government debt to gdp tr.govdebtgdp 29.5 30.8 -4 -19 Down Down
current account tr.currentaccount -3795.0 -4647 -18 97 Down Down
current account to gdp tr.currentaccountgdp -4.0 -5.1 -22 -55 Down UP
exports tr.exports 20761.12 21159.8 -2 -2 Down Down
imports tr.imports 28532.57 28702.1 -1 2 Down UP
foreign exchange reserves tr.fxreserves 68010.0 77840 -13 -30 Down Down
gold reserves tr.goldres 614.97 595.37 3 43 UP UP
government revenues tr.govrev 877.58 939.46 -7 85 UP UP
fiscal expenditure tr.fiscalexp 1706.79 956.11 79 200 UP UP

Turkey Inflation

  
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Indicator Symbol Actual Previous M/M% Y/Y% Trend
inflation cpi tr.inflationcpi 42.12 44.38 -5 -35
core inflation rate tr.coreinflationrate 42.65 45.34 -6 -39
Produce Prices YoY tr.producerpricesch 27.2 28.52 -5 -38

Turkey Employment

  
MacroVar monitors leading indicators (ESI employment activity) and lagging indicators of Turkey employment. Turkey employment is one of the major factors affecting ECB monetary policy.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
unemployment rate tr.unemploymentrate 8.5 8.6 -1 -3 Down Down

Turkey Monetary Policy

  
Turkey Monetary policy is monitored by tracking the most important indicators related to the central bank's balance sheet and interest rates.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
interest rate tr.interestrate 50.0 50 0 25 UP UP
central bank balance sheet tr.cb.assets 9013741971.0 8418870000 7 46 UP UP
banks balance sheet tr.banks.bs 32405098147.0 30918800000 5 39 UP UP
money supply m1 tr.msm1 6186986375.8 6089270000 2 34 UP UP
money supply m2 tr.msm2 17500661653.1 16880600000 4 34 UP UP
government debt to gdp tr.govdebtgdp 29.5 30.8 -4 -19 Down Down
loans to private sector tr.loanprivate 8367919703.0 8266810000 1 66 UP UP
Turkey Credit Rating (S&P) RATING.S&P.TR
Turkey Credit Rating (Moody's) RATING.MOODYS.TR
Turkey Credit Rating (Fitch) RATING.FITCH.TR

Turkey Fiscal Policy

  
Turkey Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
government revenues tr.govrev 877.58 939.46 -7 85 UP UP
fiscal expenditure tr.fiscalexp 1706.79 956.11 79 200 UP UP
government budget tr.govbudget -5.2 -1 420 300 Down Down
Government budget tr.govbudgetvalue -139.26 -829.2 -83 -8 UP UP
government debt tr.govdebt 9579300.0 9250800 4 37 UP UP
government debt to gdp tr.govdebtgdp 29.5 30.8 -4 -19 Down Down

Turkey Trade

  
Turkey trade activity is monitored by tracking Trade and Capital flows.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
current account tr.currentaccount -3795.0 -4647 -18 97 Down Down
current account to gdp tr.currentaccountgdp -4.0 -5.1 -22 -55 Down UP
balance of trade tr.balanceoftrade -7771.44 -7542.32 3 15 Down Down
imports tr.imports 28532.57 28702.1 -1 2 Down UP
exports tr.exports 20761.12 21159.8 -2 -2 Down Down
capital flows tr.capitalflows -4611.0 -5160 -11 4 Down Down
foreign direct investment tr.fdi 1221.0 721 69 52 UP UP
external debt tr.externaldebt 525800.0 512779 3 16 UP UP
foreign exchange reserves tr.fxreserves 68010.0 77840 -13 -30 Down Down
gold reserves tr.goldres 614.97 595.37 3 43 UP UP