UNBELIEVABLE: Turkish statistical institute - Caught on Camera

Türkiye’s Trade Deficit Rises, Confidence Index Declines

Türkiye’s trade deficit continued to rise in January while the economic confidence index witnessed a sharp decline. Türkiye’s foreign trade deficit widened 38.4 percent year-on-year to $14.237 billion in January, official data showed on Monday, with imports surging 20.7 percent and exports up 10.3 percent. The Turkish Statistical Institute said…

Asharq Al-Awsat · Feb 28, 2023

Türkiye Inflation Higher than Expected at Nearly 58%

Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favorable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a…

Asharq Al-Awsat · Feb 3, 2023

Türkiye’s Economic Growth Slows to 3.9% in Q3 as Foreign Demand Falls

Türkiye’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1% from the previous…

Asharq Al-Awsat · Nov 30, 2022

Turkish Inflation Hits Almost 80%, Peak Might Be Near

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira's continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts. Inflation began to surge last autumn, when the lira slumped after the…

Asharq Al-Awsat · Aug 3, 2022

Data Puts Turkey’s Annual Inflation at 73.5%, a 24-Year High

Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official data released Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70% from the month before.

Asharq Al-Awsat · Jun 3, 2022

Turkey’s Trade Deficit Widens Amid Efforts to Attract Hard Currency

Turkey’s trade deficit surged 75% year-on-year in March to $8.17 billion, mainly due to a 30.7% rise in imports, data showed on Friday. According to the Turkish Statistical Institute, exports climbed by 19.8% to nearly $22.71 billion versus imports of around $30.88 billion. Turkey has launched a new economic program…

Asharq Al-Awsat · Apr 30, 2022

Turkey’s Inflation Hits 61% Climbing to New 20-Year High

Yearly inflation in Turkey hit 61.14% on Monday, climbing to a new 20-year high and deepening a cost of living crisis for many households. The Turkish Statistical Institute said consumer prices rose by 5.46% in March compared with the previous month. Yearly inflation was up from 54.44% in February. The…

Asharq Al-Awsat · Apr 4, 2022

Turkey’s Inflation Surges to Two-Decade High of 48.7%

Turkey's annual inflation soared to a 20-year high of 48.69% in January, data showed on Thursday, fueled by President Tayyip Erdogan's push for unorthodox interest rate cuts and a resulting crash in the currency late last year. Consumer prices jumped 11.1% from the previous month, the Turkish Statistical Institute (TUIK)…

Asharq Al-Awsat · Feb 3, 2022

Turkish leader names new statistics chief as inflation rises

Turkey’s president has fired the head of the Turkish Statistical Institute, which is responsible for posting official inflation statistics, among other data

The Independent UK · Jan 29, 2022