Private Consumption in Turkey
The Turkish economy recorded an average growth rate of 6.5% in private consumption in the decade to 2022, significantly above the 2.1% average for Eastern Europe. In 2022, Turkey's private consumption growth was 19.0%. For more private consumption information, visit our dedicated page.
Turkey Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Turkey from 2014 to 2023.
Source: Macrobond.
Turkey Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 1.5 | 3.2 | 15.4 | 19.0 | 13.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish private consumption projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Turkish private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish private consumption projections.
Want to get access to the full dataset of Turkish private consumption forecasts? Send an email to info@focus-economics.com.