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Turkey: Quarterly economIc IndIcators
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2005 |
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2006 |
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1 Qtr |
2 Qtr |
3 Qtr |
4 Qtr |
1 Qtr |
2 Qtr |
3 Qtr |
4 Qtr |
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Consolidated central
government finance (YTL) |
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Revenue & grants |
28,337 |
61,511 |
95,525 |
134,819 |
37,788 |
82,137 |
125,393 |
167,373 |
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Expenditure |
31,333 |
65,379 |
103,718 |
144,562 |
39,548 |
81,003 |
128,626 |
172,880 |
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Balance |
-2,996 |
-3,868 |
-8,193 |
-9,743 |
-1,760 |
1,134 |
-3,234 |
-5,507 |
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Output |
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GDP at constant 1987 buyers' prices (YTL m) |
29.98 |
34.75 |
45.45 |
36.60 |
31.98 |
37.62 |
47.63 |
38.51 |
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GDP at constant 1987 buyers' prices (%
change) |
6.6 |
5.5 |
7.7 |
9.5 |
6.7 |
8.3 |
4.8 |
5.2 |
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Industrial production index (2000=100)(b) |
124.5 |
124.5 |
124.4 |
130.0 |
127.8 |
136.0 |
132.1 |
138.2 |
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Industrial production index (% change, year
on year) |
8.1 |
2.9 |
3.9 |
8.8 |
2.7 |
9.2 |
6.2 |
6.3 |
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Manufacturing production index (2000=100)(b) |
126.1 |
125.8 |
125.7 |
130.5 |
128.9 |
137.4 |
132.4 |
139.1 |
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Mining production index (2000=100) |
83 |
91 |
107 |
106 |
86 |
99 |
117 |
n/a |
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Employment, wages & prices |
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Employment, manufacturing ('000) |
3,859 |
3,961 |
4,203 |
4,268 |
4,019 |
4,049 |
4,301 |
4,393 |
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Employment, manufacturing (% change, year on
year) |
5.8 |
5.2 |
8.9 |
12.5 |
4 |
2.2 |
2.3 |
2.9 |
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Unemployment rate (% of the labour force) |
11.7 |
9.2 |
9.4 |
10.6 |
11.9 |
8.8 |
9.1 |
9.6 |
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Hourly earnings, manufacturing (2000=100)(c) |
251 |
252 |
265 |
274 |
277 |
281 |
293 |
n/a |
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Consumer prices (2000=100) |
321 |
326 |
329 |
341 |
347 |
358 |
364 |
373 |
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Consumer prices (% change, year on year) |
8.6 |
8.6 |
7.9 |
7.6 |
8.1 |
9.6 |
10.8 |
9.3 |
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Producer prices (2003=100) |
119 |
122 |
122 |
123 |
125 |
132 |
137 |
137 |
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Producer prices (% change, year on year) |
11.0 |
6.6 |
4.3 |
2.3 |
4.7 |
8.4 |
12.6 |
11.4 |
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Financial indicators |
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Exchange rate YTL:US$ (av) |
1.32 |
1.36 |
1.34 |
1.35 |
1.33 |
1.44 |
1.50 |
1.45 |
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Exchange rate YTL:US$ (end-period) |
1.35 |
1.34 |
1.35 |
1.35 |
1.35 |
1.57 |
1.50 |
1.41 |
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Deposit rate (av; %) |
20.7 |
20.0 |
20.5 |
20.4 |
19.6 |
19.4 |
23.8 |
23.8 |
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Interbank money market rate (av; %) |
16.3 |
14.6 |
14.3 |
13.8 |
13.5 |
13.9 |
17.4 |
17.5 |
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M1
(end-period; YTL m) |
27,467 |
31,593 |
34,644 |
40,751 |
38,498 |
43,304 |
43,933 |
n/a |
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M1
(% change, year on year) |
29.5 |
31.1 |
34.1 |
52.2 |
40.2 |
37.1 |
26.8 |
n/a |
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M2
(end-period; YTL m) |
195,284 |
208,732 |
227,103 |
242,744 |
251,127 |
285,665 |
289,699 |
n/a |
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M2
(% change, year on year) |
21.2 |
20.5 |
21.8 |
25.2 |
28.6 |
36.9 |
27.6 |
n/a |
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Stockmarket index (end-period; Jan
1986=1)(d) |
25,558 |
26,957 |
33,333 |
39,778 |
42,911 |
35,453 |
36,925 |
39,117 |
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Stockmarket index (% change, year on year) |
26.6 |
50.0 |
51.8 |
59.3 |
67.9 |
37.0 |
10.8 |
-1.7 |
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Sectoral trends |
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Crude steel production ('000 tonnes) |
4,967 |
5,230 |
5,374 |
5,393 |
5,404 |
5,903 |
5,982 |
6,018 |
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Cement production ('000 tonnes) |
7,160 |
12,268 |
12,382 |
9,862 |
8,038 |
14,570 |
13,416 |
11,138 |
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Car production ('000) |
145.5 |
181.4 |
152.0 |
156.2 |
167.9 |
217.6 |
170.2 |
200.1 |
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Foreign trade (US$ m) |
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Exports fob |
17,241 |
18,144 |
18,130 |
19,961 |
18,597 |
21,270 |
21,415 |
23,861 |
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Imports cif |
-25,740 |
-29,355 |
-30,234 |
-31,446 |
-29,539 |
-36,263 |
-35,657 |
-35,573 |
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Trade balance |
-8,499 |
-11,211 |
-12,104 |
-11,485 |
-10,942 |
-14,993 |
-14,242 |
-11,712 |
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Balance of payments (US$ m) |
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Merchandise trade balance fob-fob(e) |
-6,312 |
-8,621 |
-9,620 |
-8,974 |
-8,696 |
-12,236 |
-11,039 |
-8,092 |
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Services & income balance(ef) |
-45 |
1,439 |
6,759 |
1,212 |
-296 |
1,245 |
5,622 |
345 |
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Net transfer payments(e) |
244 |
373 |
450 |
387 |
316 |
339 |
532 |
500 |
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Current-account balance(e) |
-6,113 |
-6,809 |
-2,411 |
-7,375 |
-8,676 |
-10,652 |
-4,885 |
-7,247 |
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Reserves excl
gold (end-period) |
38,232 |
40,212 |
41,926 |
50,579 |
58,549 |
57,423 |
58,561 |
61,074 |
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(a)
Cumulative from the beginning of year. Owing to
definitional changes, there is a break in the series
at the beginning of 2006. (b) Seasonally adjusted.
(c) Gross earnings per production worker. (d) ISE
National-100. (e) Central Bank of Turkey. (f)
Including other goods.
Sources: Central Bank of Turkey; State Institute of
Statistics; OECD, Main Economic Indicators; IMF,
International Financial Statistics; Bloomberg.
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