Building Permits in Turkey increased to 68916 in December from 42496 in November of 2019. Building Permits in Turkey averaged 55095.58 from 2002 until 2019, reaching an all time high of 326512 in September of 2017 and a record low of 4815 in January of 2002. In Turkey, building permit refer to a certificate which must be issued for the buildings/dwellings to be constructed. This page provides - Turkey Building Permits- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Turkey decreased to 54.90 points in April from 58.20 points in March of 2020. Consumer Confidence in Turkey averaged 73.55 points from 2004 until 2020, reaching an all time high of 98.68 points in February of 2004 and a record low of 54.90 points in April of 2020. In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic. This page provides the latest reported value for - Turkey Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Prices in Turkey increased to 474.69 points in April from 468.69 points in March of 2020. Producer Prices in Turkey averaged 102.95 points from 1982 until 2020, reaching an all time high of 474.69 points in April of 2020 and a record low of 0.01 points in February of 1982. In Turkey, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for - Turkey Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey recorded a trade deficit of 5390 USD Million in March of 2020. Balance of Trade in Turkey averaged -1727.66 USD Million from 1957 until 2020, reaching an all time high of 24.51 USD Million in December of 1971 and a record low of -10453.06 USD Million in September of 2011. The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were road vehicles, textiles, iron and steel, clothing and food, while imports were machinery and transport equipment, manufactured goods, mineral fuels and lubricants and chemicals. The biggest trade deficits were recorded with China, Russia, Germany, South Korea, Switzerland, India, Iran and Japan; and the largest surpluses were recorded with Iraq, the UAE, the UK, Israel, Syria, Northern Cyprus and Azerbaijan. This page provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Companies in Turkey stands at 22.50 percent. Social Security Rate For Companies in Turkey averaged 20.30 percent from 2000 until 2020, reaching an all time high of 22.50 percent in 2001 and a record low of 16.50 percent in 2009. In Turkey, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Companies are an important source of income for the government of Turkey because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Turkey Social Security Rate For Companies - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Turkey was estimated at 83.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Turkey had a population of 28.2 million people. The population of Turkey represents 1.07 percent of the world´s total population which arguably means that one person in every 95 people on the planet is a resident of Turkey. This page provides the latest reported value for - Turkey Population - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Asylum Applications in Turkey increased to 16207 Persons in August from 10321 Persons in July of 2018. Asylum Applications in Turkey averaged 2821.43 Persons from 1999 until 2018, reaching an all time high of 23066 Persons in October of 2015 and a record low of 131 Persons in February of 2004. In Turkey, asylum applications refer to persons whose application is pending at any stage in the asylum process. It is a monthly estimate based on annual figures. This page provides - Turkey Asylum Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Turkey increased to 277271187.40 TRY THO in the fourth quarter of 2019 from 274332789.20 TRY THO in the third quarter of 2019. Consumer Spending in Turkey averaged 175557945.11 TRY THO from 1998 until 2019, reaching an all time high of 281305683.60 TRY THO in the fourth quarter of 2017 and a record low of 101701774.50 TRY THO in the first quarter of 1999. This page provides the latest reported value for - Turkey Consumer Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in Turkey increased to 74875850.70 TRY THO in the fourth quarter of 2019 from 61268528.40 TRY THO in the third quarter of 2019. Government Spending in Turkey averaged 39171069.14 TRY THO from 1998 until 2019, reaching an all time high of 74875850.70 TRY THO in the fourth quarter of 2019 and a record low of 20942407.10 TRY THO in the first quarter of 1998. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides the latest reported value for - Turkey Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Tourist Arrivals in Turkey decreased to 718097 in March from 1733112 in February of 2020. Tourist Arrivals in Turkey averaged 1795253.02 from 1993 until 2020, reaching an all time high of 6617380 in July of 2019 and a record low of 213998 in January of 1993. In Turkey, tourist arrivals refer to the number of visiting foreigners. This page provides the latest reported value for - Turkey Tourist Arrivals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The BIST 100 decreased 18087 points or 15.60% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Turkey. Historically, the Turkey Stock Market (XU100) reached an all time high of 124536.63 in January of 2020. The Istanbul Stock Exchange National 100 Index XU100 is a major stock market index which tracks the performance of 100 companies selected from the National Market, real estate investment trusts and venture capital investment trusts listed on The Istanbul Stock Exchange. It is a capitalization-weighted index. The XU100 has a base value of 1 as of January 1986.

Living Wage Individual in Turkey increased to 1930 TRY/Month in 2018 from 1820 TRY/Month in 2017. Living Wage Individual in Turkey averaged 1812.50 TRY/Month from 2015 until 2018, reaching an all time high of 1930 TRY/Month in 2018 and a record low of 1750 TRY/Month in 2016. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.

Leading Economic Index Turkey increased 4.17 percent in March of 2020 over the same month in the previous year. Leading Economic Index in Turkey averaged 3.58 percent from 1988 until 2020, reaching an all time high of 12.09 percent in May of 1995 and a record low of -7.49 percent in December of 2008. In Turkey, the Composite Leading Indicator – MBONCU-SUE - predicts fluctuations in economic activity. It was constructed by the Central Bank with OECD cooperation, and includes the following series: amount of electricity produced, treasury auction interest rate weighted by the amount sold, imports of intermediate goods, CBRT Business Tendency Survey related to (1) stocks of finished goods, (2) amount of new orders received from domestic market, (3) export possibilities and (4) employment. The index has a base value of 100 as of 1995. This page provides the latest reported value for - Turkey Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retirement Age Men in Turkey remained unchanged at 60 in 2020 from 60 in 2019. This page provides - Turkey Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey Foreign Stock Investment increased to 22155 USD Million on Friday May 1 from 21871 USD Million in the previous day. Foreign Stock Investment in Turkey averaged 43966.85 USD Million from 2005 until 2020, reaching an all time high of 82048 USD Million in May of 2013 and a record low of 0 USD Million in January of 2006. This page provides - Turkey Foreign Stock Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labor Force Participation Rate in Turkey decreased to 51.80 percent in January from 52.30 percent in December of 2019. Labor Force Participation Rate in Turkey averaged 48.49 percent from 2005 until 2020, reaching an all time high of 53.50 percent in August of 2018 and a record low of 43.90 percent in February of 2006. The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides the latest reported value for - Turkey Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Agriculture in Turkey decreased to 25617593 TRY THO in the fourth quarter of 2019 from 57635337 TRY THO in the third quarter of 2019. GDP From Agriculture in Turkey averaged 21277054.58 TRY THO from 1998 until 2019, reaching an all time high of 57635337 TRY THO in the third quarter of 2019 and a record low of 6480266 TRY THO in the first quarter of 2002. This page provides the latest reported value for - Turkey Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Foreign Exchange Reserves in Turkey increased to 143027.80 USD Million in February from 141661.50 USD Million in January of 2020. Foreign Exchange Reserves in Turkey averaged 56985.19 USD Million from 1981 until 2020, reaching an all time high of 150427.20 USD Million in July of 2014 and a record low of 1240 USD Million in June of 1981. In Turkey, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides the latest reported value for - Turkey Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retirement Age Women in Turkey remained unchanged at 58 in 2020 from 58 in 2019. This page provides - Turkey Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Turkey remained unchanged at 7.25 percent in April from 7.25 percent in April of 2020. Deposit Interest Rate in Turkey averaged 39.75 percent from 1990 until 2020, reaching an all time high of 398.10 percent in April of 1994 and a record low of 1.50 percent in December of 2010. In Turkey, the Overnight Borrowing Rate refers to the rate under which banks lend or deposit money to the Central Bank. This page includes a chart with historical data for Deposit Interest Rate in Turkey.

Full Time Employment in Turkey decreased to 24516.50 Thousand in the fourth quarter of 2019 from 25244.20 Thousand in the third quarter of 2019. Full Time Employment in Turkey averaged 21554.68 Thousand from 2006 until 2019, reaching an all time high of 25938.10 Thousand in the third quarter of 2018 and a record low of 16911.50 Thousand in the first quarter of 2009. This page provides - Turkey Full Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate in Turkey stands at 37.50 percent. Social Security Rate in Turkey averaged 35.30 percent from 2000 until 2020, reaching an all time high of 38.50 percent in 2001 and a record low of 31.50 percent in 2009. In Turkey, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Turkey because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Turkey Social Security Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Steel Production in Turkey increased to 3109.72 Thousand Tonnes in March from 2851.09 Thousand Tonnes in February of 2020. Steel Production in Turkey averaged 1505.55 Thousand Tonnes from 1980 until 2020, reaching an all time high of 3368.15 Thousand Tonnes in March of 2018 and a record low of 152 Thousand Tonnes in July of 1980. This page has Steel Production values for Turkey.

Turkey recorded a Current Account deficit of 1230 USD Million in February of 2020. Current Account in Turkey averaged -1278.48 USD Million from 1984 until 2020, reaching an all time high of 3903 USD Million in October of 2018 and a record low of -9407 USD Million in March of 2011. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lending Rate in Turkey decreased to 10.25 percent in April from 11.25 percent in March of 2020. Lending Rate in Turkey averaged 32.22 percent from 1996 until 2020, reaching an all time high of 2300 percent in February of 2001 and a record low of 6.50 percent in May of 2013. In Turkey, lending rate refers to central bank overnight lending rate. This page provides - Turkey Overnight Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labour Costs in Turkey decreased to 197.80 points in the fourth quarter of 2019 from 204.20 points in the third quarter of 2019. Labour Costs in Turkey averaged 99.54 points from 2007 until 2019, reaching an all time high of 204.20 points in the third quarter of 2019 and a record low of 56.26 points in the second quarter of 2009. This page provides - Turkey Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Turkey decreased to 45219445 TRY Thousand in March from 81114649 TRY Thousand in February of 2020. Government Revenues in Turkey averaged 37754489.79 TRY Thousand from 2004 until 2020, reaching an all time high of 134819231 TRY Thousand in December of 2005 and a record low of 6796416 TRY Thousand in January of 2004. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. Until 2005, data are cumulative. This page provides - Turkey Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Turkey increased to 121686729.30 TRY THO in the fourth quarter of 2019 from 109759557.40 TRY THO in the third quarter of 2019. Gross Fixed Capital Formation in Turkey averaged 67049729.34 TRY THO from 1996 until 2019, reaching an all time high of 138491375.10 TRY THO in the fourth quarter of 2017 and a record low of 82266.40 TRY THO in the first quarter of 1996. This page provides the latest reported value for - Turkey Gross Fixed Capital Formation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Foreign Direct Investment in Turkey increased by 1211 USD Million in February of 2020. Foreign Direct Investment in Turkey averaged 894.05 USD Million from 2003 until 2020, reaching an all time high of 6571 USD Million in May of 2006 and a record low of 46 USD Million in October of 2005. This page provides - Turkey Foreign Direct Investment - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Long Term Unemployment Rate in Turkey increased to 3.60 percent in the fourth quarter of 2019 from 3.40 percent in the third quarter of 2019. Long Term Unemployment Rate in Turkey averaged 2.38 percent from 2006 until 2019, reaching an all time high of 3.60 percent in the fourth quarter of 2019 and a record low of 1.60 percent in the third quarter of 2012. In Turkey, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market. This page provides the latest reported value for - Turkey Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline Prices in Turkey decreased to 0.74 USD/Liter in April from 0.82 USD/Liter in March of 2020. Gasoline Prices in Turkey averaged 1.65 USD/Liter from 1995 until 2020, reaching an all time high of 2.68 USD/Liter in January of 2013 and a record low of 0.56 USD/Liter in December of 1995. This page provides the latest reported value for - Turkey Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey recorded a Current Account surplus of 1.20 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Turkey averaged -2.34 percent from 1980 until 2019, reaching an all time high of 1.90 percent in 2001 and a record low of -8.90 percent in 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Turkey Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Turkey increased 10.60 percent in February of 2020 over the same month in the previous year. Retail Sales YoY in Turkey averaged 5.84 percent from 2006 until 2020, reaching an all time high of 24.70 percent in December of 2010 and a record low of -9.20 percent in December of 2018. In Turkey, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides the latest reported value for - Turkey Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Turkey decreased to 87170670 TRY Thousand in March from 93865668 TRY Thousand in February of 2020. Fiscal Expenditure in Turkey averaged 41916560.17 TRY Thousand from 2004 until 2020, reaching an all time high of 144562290 TRY Thousand in December of 2005 and a record low of 11186669 TRY Thousand in January of 2005. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. Until 2005, data are cumulative. This page provides - Turkey Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Turkey in Australia decreased to 81634.67 AUD THO in March from 90974.70 AUD THO in February of 2020. Imports from Turkey in Australia averaged 30680.89 AUD THO from 1988 until 2020, reaching an all time high of 231761.86 AUD THO in February of 2016 and a record low of 1000 AUD THO in August of 1988. This page includes a chart with historical data for Australia Imports from Turkey.

Retail Sales in Turkey increased 1.40 percent in February of 2020 over the previous month. Retail Sales MoM in Turkey averaged 0.63 percent from 2005 until 2020, reaching an all time high of 5 percent in March of 2006 and a record low of -7.30 percent in December of 2008. In Turkey, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Turkey, Retail sales are seasonal, volatile and relatively important to the overall economy. This page provides the latest reported value for - Turkey Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Remittances in Turkey decreased to 14 USD Million in February from 15 USD Million in January of 2020. Remittances in Turkey averaged 163.53 USD Million from 1984 until 2020, reaching an all time high of 574 USD Million in September of 1998 and a record low of 10 USD Million in August of 2019. In Turkey, Remittances refers to net migrants’ and short-term employee income transfers (personal remittances). This page provides - Turkey Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Turkey decreased to 894779525 TRY Thousand in March from 924742468 TRY Thousand in February of 2020. Central Bank Balance Sheet in Turkey averaged 160429068.32 TRY Thousand from 1986 until 2020, reaching an all time high of 924742468 TRY Thousand in February of 2020 and a record low of 9071 TRY Thousand in January of 1986. This page provides the latest reported value for - Turkey Central Bank Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The stocks of goods held by firms in Turkey decreased by 20588197.80 TRY THO in the fourth quarter of 2019. Changes in Inventories in Turkey averaged 932848.60 TRY THO from 1998 until 2019, reaching an all time high of 26229983.10 TRY THO in the third quarter of 2017 and a record low of -52290379.90 TRY THO in the fourth quarter of 2018. In Turkey, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Turkey Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey Three Month Interbank Rate was at 8.20 percent on Friday May 8. Interbank Rate in Turkey averaged 12.50 percent from 2006 until 2020, reaching an all time high of 28.52 percent in October of 2018 and a record low of 4.74 percent in May of 2013. In Turkey, the interbank rate is the rate of interest charged on short-term loans made between banks. This page provides - Turkey Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Turkey increased 11.28 percent in April of 2020 over the same month in the previous year. Food Inflation in Turkey averaged 10.60 percent from 2004 until 2020, reaching an all time high of 31.86 percent in April of 2019 and a record low of 1.38 percent in April of 2016. This page provides the latest reported value for - Turkey Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Turkey was last recorded at 8.75 percent. Interest Rate in Turkey averaged 58.60 percent from 1990 until 2020, reaching an all time high of 500 percent in March of 1994 and a record low of 4.50 percent in May of 2013. In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150 bps below/above the one-week repo rate. The central bank simplified its monetary policy framework on May 28th 2018 from a different system with four main key rates, with the late liquidity window lending rate being one of the most followed. This page provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

With the economy in trouble and relations with western allies strained, President Recep Tayyip Erdogan's grip over Turkey’s ruling AK party is showing signs of weakening. Former prime minister Ahmet Davutoglu tells the FT's Laura Pitel why he thinks the country needs a new vision.

Contributor: Laura Pitel, Turkey correspondent. Producer: Fiona Symon. Clips from edited interview with Ahmet Davutoglu and Reuters.

See acast.com/privacy for privacy and opt-out information.

Eighth consecutive cut could heap fresh pressure on already struggling lira

‘Cat-and-mouse game’ pitches central bank against market forces

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis

Miley Cyrus has candidly revealed she refused to wear a bikini or shorts for two or three years after she was criticised by trolls following a performance.

Turkey sent troops into Kurdish-held regions of Syria and Sahin's support for the operation caused uproar among some of second division club's supporters.

Turkey substitute Emre Akbaba got two late goals to snatch a stunning 3-2 win over Sweden in the Nations League as the visitors recovered from two goals down at the Friends Arena on Monday.