The data displays the average inflation rate in Turkey from 2012 to 2017, with projections up until 2022. In 2017, the average inflation rate in Turkey was at around 11.14% compared to the previous year.
Turkey’s economy
With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the biggest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide.
Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods.
