| Garanti BBVA Macroeconomic Forecasts |
| |
2023 |
2024 |
2025 |
2026 |
| CPI (eop) |
64,8% |
45,0% |
25,0% |
18,5% |
| GDP Growth |
4,5% |
3,5% |
3,5% |
3,8% |
| GDP (Billion TL) |
26.276 |
42.893 |
58.071 |
73.100 |
| GDP (Billion USD) |
1.119 |
1.187 |
1.320 |
1.470 |
| GDP Deflator |
67,5% |
57,7% |
30,9% |
21,2% |
| Per Capita Income (USD) |
13.110 |
13.577 |
14.933 |
16.459 |
| 2-year Benchmark Bond Yield (eop, compound) |
39,7% |
32,0% |
24,5% |
21,7% |
| CBRT One-Week Repo Rate (eop) |
42,5% |
45,0% |
30,0% |
22,0% |
| CBRT Funding Rate (average) |
20,3% |
45,0% |
37,4% |
25,2% |
| USDTRY (eop) |
29,44 |
42,00 |
45,50 |
53,00 |
| USDTRY (average) |
23,74 |
35,90 |
43,90 |
49,56 |
| EUROTRY (eop) |
32,57 |
46,61 |
52,85 |
62,87 |
| EUROTRY (average) |
25,68 |
39,27 |
50,10 |
58,25 |
| Currency Basket (eop) |
31,01 |
44,31 |
49,17 |
57,94 |
| Currency Basket (average) |
24,71 |
37,59 |
47,00 |
53,90 |
| Parity (eop) |
1,11 |
1,11 |
1,16 |
1,19 |
| Current Account Balance (Billion USD) |
-45,2 |
-23,6 |
-32,1 |
-34,7 |
| Current Account Balance/GDP |
-4,0% |
-2,0% |
-2,4% |
-2,4% |
| Foreign Trade Balance (Billion USD) |
-106 |
-92 |
-109 |
-120 |
| Foreign Trade Balance/GDP |
-9,5% |
-7,8% |
-8,2% |
-8,1% |
| CG Primary Balance/GDP |
-2,7% |
-1,7% |
0,5% |
0,9% |
| CG Budget Balance/GDP |
-5,2% |
-5,2% |
-3,4% |
-3,0% |