Turkey Economic Calendar
Economy of Turkey
The Turkish economy is the nineteenth biggest in the world and is an emerging market economy. In recent years, Turkey's financial and currency markets have been unstable, and the country's economic future is unclear due to political unrest and participation in regional violent conflicts.
The service sector accounts for the majority of the Gross Domestic Product (GDP), followed by the industrial and agricultural sectors.
Electronics, petrochemicals, automobile manufacture, textiles, building materials, and household appliances are among the major industries.
Turkey's largest commercial partners include Germany, Russia, the United Kingdom, the United Arab Emirates, Iraq, Italy, and China, with several of them ranking first in both exports and imports.
Bank of Turkey
Turkey's central bank is the Central Bank of the Republic of Turkey (CBRT), it is responsible for the issuance and management of the Turkish Lira (TRY), the national currency of Turkey and Northern Cyprus, as well as the implementation of monetary policy and management of foreign exchange reserves.
Interest Rate of Turkey
The Central Bank of the Republic of Turkey's Monetary Policy Committee is in charge of setting the Interest Rates on government bonds. In 2018, The central bank altered its monetary policy strategy. Previously, it utilized a system with four primary key rates. One of the most closely watched was the late liquidity window loan rate.
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Tuesday, May 30, 2023
|
|||||||||
May 30, 07:00
|
|
TRY | Balance of Trade (Apr) |
Low
|
-$8.35B |
-$8.85B
|
-$8.74B | ||
May 30, 07:00
|
|
TRY | Exports (Apr) |
Low
|
$23.6B |
$19.32B
|
$19.3B | ||
May 30, 07:00
|
|
TRY | Imports (Apr) |
Low
|
$31.9B |
$28.16B
|
$28.1B | ||
Wednesday, May 31, 2023
|
|||||||||
May 31, 07:00
|
10h 35min
|
TRY | GDP Growth Rate QoQ (Q1) |
Medium
|
0.9% |
-0.5%
|
|||
May 31, 07:00
|
10h 35min
|
TRY | GDP Growth Rate YoY (Q1) |
Medium
|
3.5% |
3.9%
|
|||
Thursday, Jun 01, 2023
|
|||||||||
Jun 01, 07:00
|
1 day
|
TRY | Istanbul Chamber of Industry Manufacturing PMI (May) |
Low
|
51.5 |
51.1
|
|||
Jun 01, 11:00
|
1 day
|
TRY | MPC Meeting Summary |
Medium
|
|||||
Jun 01, 11:30
|
1 day
|
TRY | Foreign Exchange Reserves (May/26) |
Low
|
$58.83B | ||||
Friday, Jun 02, 2023
|
|||||||||
Jun 02, 11:00
|
2 days
|
TRY | Balance of Trade (May) |
Medium
|
-$8.74B |
-$11.2B
|
|||
Jun 02, 11:00
|
2 days
|
TRY | Exports (May) |
Low
|
$19.3B |
$16.2B
|
|||
Jun 02, 11:00
|
2 days
|
TRY | Imports (May) |
Low
|
$28.1B |
$27.4B
|
|||
Monday, Jun 05, 2023
|
|||||||||
Jun 05, 07:00
|
5 days
|
TRY | Inflation Rate MoM (May) |
Medium
|
2.39% | ||||
Jun 05, 07:00
|
5 days
|
TRY | PPI YoY (May) |
Low
|
52.11% | ||||
Jun 05, 07:00
|
5 days
|
TRY | PPI MoM (May) |
Low
|
0.81% | ||||
Jun 05, 07:00
|
5 days
|
TRY | Inflation Rate YoY (May) |
Medium
|
43.68% | ||||
Jun 05, 07:00
|
5 days
|
TRY | CPI (May) |
Low
|
1300.04 | ||||
Wednesday, Jun 07, 2023
|
|||||||||
Jun 07, 14:30
|
7 days
|
TRY | Treasury Cash Balance (May) |
Low
|
-TRY159.06B |
-TRY77B
|
|||
Thursday, Jun 08, 2023
|
|||||||||
Jun 08, 11:30
|
8 days
|
TRY | Foreign Exchange Reserves (Jun/02) |
Low
|
|||||
Friday, Jun 09, 2023
|
|||||||||
Jun 09, 07:00
|
9 days
|
TRY | Industrial Production YoY (Apr) |
Medium
|
-0.1% | ||||
Jun 09, 07:00
|
9 days
|
TRY | Industrial Production MoM (Apr) |
Low
|
5.5% | ||||
Monday, Jun 12, 2023
|
|||||||||
Jun 12, 07:00
|
12 days
|
TRY | Unemployment Rate (Apr) |
Medium
|
10% | ||||
Jun 12, 07:00
|
12 days
|
TRY | Participation Rate (Apr) |
Low
|
53.6% | ||||
Jun 12, 07:00
|
12 days
|
TRY | Current Account (Apr) |
Low
|
|||||
Thursday, Jun 15, 2023
|
|||||||||
Jun 15, 08:00
|
15 days
|
TRY | Budget Balance (May) |
Low
|
|||||
Jun 15, 11:30
|
15 days
|
TRY | Foreign Exchange Reserves (Jun/09) |
Low
|
|||||
Friday, Jun 16, 2023
|
|||||||||
Jun 16, 08:00
|
16 days
|
TRY | Auto Production YoY (May) |
Low
|
|||||
Monday, Jun 19, 2023
|
|||||||||
Jun 19, 07:00
|
19 days
|
TRY | Consumer Confidence (Jun) |
Medium
|
75
|
||||
Tuesday, Jun 20, 2023
|
|||||||||
Jun 20, 14:30
|
20 days
|
TRY | Central Government Debt (May) |
Low
|
4.42
|
||||
Wednesday, Jun 21, 2023
|
|||||||||
Jun 21, 07:00
|
21 days
|
TRY | Business Confidence (Jun) |
Medium
|
110
|
||||
Jun 21, 07:00
|
21 days
|
TRY | Capacity Utilization (Jun) |
Low
|
74.8
|
||||
Thursday, Jun 22, 2023
|
|||||||||
Jun 22, 11:00
|
22 days
|
TRY | TCMB Interest Rate Decision |
Medium
|
|||||
Jun 22, 11:00
|
22 days
|
TRY | Overnight Borrowing Rate (Jun) |
Low
|
|||||
Jun 22, 11:00
|
22 days
|
TRY | Overnight Lending Rate (Jun) |
Low
|
|||||
Jun 22, 11:30
|
22 days
|
TRY | Foreign Exchange Reserves (Jun/16) |
Low
|
|||||
Friday, Jun 23, 2023
|
|||||||||
Jun 23, 07:00
|
23 days
|
TRY | Economic Confidence Index (Jun) |
Low
|
103
|
||||
Jun 23, 07:00
|
23 days
|
TRY | Balance of Trade (May) |
Low
|
|||||
Jun 23, 07:00
|
23 days
|
TRY | Exports (May) |
Low
|
|||||
Jun 23, 07:00
|
23 days
|
TRY | Imports (May) |
Low
|
|||||
Jun 23, 08:00
|
23 days
|
TRY | Tourist Arrivals YoY (May) |
Low
|
|||||
Tuesday, Jun 27, 2023
|
|||||||||
Jun 27, 00:00
|
27 days
|
TRY | Eid Al-Adha |
None
|
|||||
Wednesday, Jun 28, 2023
|
|||||||||
Jun 28, 00:00
|
28 days
|
TRY | Eid Al-Adha |
None
|
|||||
Thursday, Jun 29, 2023
|
|||||||||
Jun 29, 00:00
|
29 days
|
TRY | Eid Al-Adha |
None
|
|||||
Friday, Jun 30, 2023
|
|||||||||
Jun 30, 00:00
|
30 days
|
TRY | Eid Al-Adha |
None
|