World
Turkey: the economy in numbers
The economy grew 2.6% in Q2 2026; inflation was 31.5% in Aug 2026; the policy rate is 37.00%. Every reading tipsheet tracks for Turkey, with its history and what is usual for it. Readings Turkey does not publish openly are listed, not dropped.
Written for investors following Turkey from India.
Snapshot
The latest reading of each measure, the period it is for, the reading a year earlier and where today's sits in the economy's own history since 2000 (100 = the highest).
| Measure | Latest | Period | A year earlier | Percentile | Source |
|---|---|---|---|---|---|
| Real GDP growth | +2.6% | Q2 2026 | +4.3 | 18 | OECD |
| Industrial production | −0.5% | Jul 2026 | +4.7 | 20 | OECD |
| Retail sales volume | +12.2% | Jul 2026 | +15.5 | 69 | OECD |
| Exports, US$ | +10.1% | Jun 2026 | +5.7 | 55 | IMF (derived) |
| Leading indicator | 100.5 | Aug 2026 | 99.3 | 53 | OECD |
| Unemployment rate | 7.8% | Aug 2026 | 8.6 | 1 | OECD |
| Consumer price inflation | 31.5% | Aug 2026 | 33.0 | 72 | BIS |
| Core inflation (ex food and energy) | 30.0% | Aug 2026 | 33.5 | 72 | OECD |
| Producer prices | +2.3% | Dec 2022, stopped | +77.4 | 41 | OECD |
| Policy rate | 37.00% | 25 Sep | 40.50 | 86 | BIS |
| Private credit and credit gap | −24.7 pp | Q1 2026 | −31.1 | 12 | BIS |
| Currency against the dollar, daily | −15.2% | 6 Oct | −17.8 | 45 | ECB |
| Real effective exchange rate | 108.1 | Aug 2026 | 99.6 | 26 | BIS |
| Current account | US$ −39 bn | Q2 2026 | −24 | 26 | IMF (derived) |
| Trade balance | US$ −96 bn | Jun 2026 | −89 | 12 | IMF (derived) |
| FX reserves | +3.8% | Aug 2026 | +19.9 | 41 | IMF (derived) |
| Government debt, % of GDP | 23% | Q1 2026 | 23 | 1 | BIS |
| Budget balance, % of GDP | −2.9% | 2025 | −3.2 | 47 | OECD |
| House prices, real | −5.5% | Q2 2026 | −2.5 | 16 | BIS |
Not published openly and on time, so not shown: inflation expectations, 10-year government bond yield, money supply growth, stock market return.
Growth and jobs
Output, factories, shops, exports, the leading indicator and unemployment.
Real GDP growth: +2.6% in Q2 2026, down from +4.3 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Industrial production: −0.5% in Jul 2026, down from +4.7 a year earlier
% on a year earlier. Shaded: the usual range (middle half of readings) since 2005.
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Retail sales volume: +12.2% in Jul 2026, down from +15.5 a year earlier
% on a year earlier. Shaded: the usual range (middle half of readings) since 2005.
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Exports, US$: +10.1% in Jun 2026, up from +5.7 a year earlier
% on a year earlier. Shaded: the usual range (middle half of readings) since 2005.
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Leading indicator: 100.5 in Aug 2026, up from 99.3 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Unemployment rate: 7.8% in Aug 2026, down from 8.6 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Prices
Consumer prices, the core measure without food and energy, producer prices and expected inflation.
Consumer price inflation: 31.5% in Aug 2026, down from 33.0 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Core inflation (ex food and energy): 30.0% in Aug 2026, down from 33.5 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Producer prices: +2.3% in Dec 2022 (series stopped)
% on a year earlier. Shaded: the usual range (middle half of readings) since 2005.
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Interest rates and money
The central bank's rate, the government's borrowing cost, the central bank's balance sheet, money and credit.
Policy rate: 37.00% on 25 Sep, down from 40.50 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Private credit and credit gap: −24.7 pp in Q1 2026, up from −31.1 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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The currency and the stock market
The currency's value in dollars over a year, its real trade-weighted value, and the stock market's one-year return.
Currency against the dollar, daily: −15.2% on 6 Oct, up from −17.8 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Real effective exchange rate: 108.1 in Aug 2026, up from 99.6 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Trade, reserves and the government
What the economy earns from the world, its reserves, its government's debt and deficit, and house prices.
Current account: US$ −39 bn in Q2 2026, down from −24 a year earlier
US$ billion, summed over the last 12 months (or 4 quarters). Shaded: the usual range (middle half of readings) since 2005.
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Trade balance: US$ −96 bn in Jun 2026, down from −89 a year earlier
US$ billion, summed over the last 12 months (or 4 quarters). Shaded: the usual range (middle half of readings) since 2005.
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FX reserves: +3.8% in Aug 2026, down from +19.9 a year earlier
% on a year earlier. Shaded: the usual range (middle half of readings) since 2005.
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Government debt, % of GDP: 23% in Q1 2026, down from 23 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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Budget balance, % of GDP: −2.9% on 2025, up from −3.2 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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House prices, real: −5.5% in Q2 2026, down from −2.5 a year earlier
Shaded: the usual range (middle half of readings) since 2005.
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The workings
The question
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.