Imports in Turkey

Turkey Imports (%) | Economic News & Forecasts

Turkey - Imports (percent change)

Available data continues to point to an economic recovery in the third quarter. Industrial output rebounded strongly in July–August on an annual basis from the steep fall logged in Q2, amid surging manufacturing production, which grew at the sharpest rate in over two years in August. Moreover, business confidence swung to optimistic territory in the quarter as the general business climate improved and export expectations turned rosy. However, household spending likely remained relatively subdued, despite consumer credit growth picking up notable steam in the quarter, as consumer confidence did not improve and inflation remained elevated. In the political arena, Finance Minister Berat Albayrak presented the new economic program for 2021–2023. The program—which envisages 5.8% GDP growth next year—focuses on strengthening innovation, value-added production and exports to drive growth.

Turkey - Imports (%) Data

2015   2016   2017   2018   2019  
Imports (annual variation in %)-15.0  -5.5  18.3  -3.6  -9.4  

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Turkey Facts

Value Change Date
Bond Yield12.00-0.09 %Dec 31
Exchange Rate5.95-0.85 %Jan 01

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