Retail Sales in Turkey
Turkey's economy recorded an average growth rate of 5.5% in retail sales over the past decade to 2022. This is above the average for Eastern Europe at 1.5%. However, in 2022, retail sales growth was at 10.2%.
Turkey Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Turkey from 2014 to 2023.
Source: Macrobond.
Turkey Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | -0.2 | 5.1 | 14.6 | 13.2 | 23.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish retail projections for the next ten years from a panel of 2 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 retail forecast available for Turkish retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish retail projections.
Want to get access to the full dataset of Turkish retail forecasts? Send an email to info@focus-economics.com.