Turkish Statistical Institute – Muhasebe News

How Many People Will There Be In Turkey In the Next 50 Years?

MuhasebeNews — Sun, 22 Apr 2018 10:00:47 +0000

According to the Population Increase Statistics, it is estimated that there will be
78.965.645 people                     in 2016
85.569.125 people                     in 2025
93.175.281 people                     in 2045
93.475.575 people                     in 2050
91.800.361 people                     in 2065 (There is anticipated a decrease.)
89.172.088 people                     in 2075 (There is anticipated a decrease.)

The total amount of World population is around 7.350 billion people by year 2016; however, by 2050, that number is estimated to reach 12 billion people.

It is anticipated that the number of people born to the World up until now is around 110 billion people.

Source: Turkish Statistical Institute – Wikipedia
Date: 20 February 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

What are the Benefits of Educating Our Children?

MuhasebeNews — Tue, 10 Oct 2017 07:00:55 +0000

THE MORE YOU HAVE EDUCATION, THE MORE YOU EARN MONEY IN TURKEY!

1- WHAT ARE THE AVERAGE INCOMES OF PRIMARY SCHOOL GRADUATE AND SECONDARY SCHOOL GRADUATE IN TURKEY?
According to monthly and yearly income research done once every four years by Turkish Statistical Institute in line with educational level in 2006-2010-2014, It was determined that monthly gross wages of primary and secondary school graduates were 1.514 TL in 2014, which was the last research year.

Monthly average gross wage of a high-school graduate was 1.707 TL in 2014.

On the other hand, monthly average gross wage of a vocational high-school graduate was 2.263 TL in 2014.
In this research, it was revealed that a vocational high-school graduate earned 33% more than a regular high-school graduate.

2- WHAT WERE MONTHLY GROSS WAGES OF POSTGRADUATES AND HIGHER EDUCATION?
According to research;
By 2014, monthly average gross wages of postgraduates and higher education were determined as 3.952 TL.

3- WHAT ARE THE WAGES OF MALES AND FEMALES WHO HAVE THE SAME EDUCATIONAL LEVEL?
Males earn more money than females even if females have the same educational level with them.
For example,
While monthly gross wages of males who were postgraduates and higher education were 4.296 TL in 2014, females’ wages were 3.470 TL.

4- WHAT IS THE EFFECT OF EDUCATIONAL LEVEL ON WAGES?
Average annual income of a postgraduate in 2014;
-is 2,8 times more than primary and secondary school graduate.
-is 2,4 times more than high-school graduate.
-is 1,8 times more than vocational high-school graduate.

Next research will be done in 2018.

Ali Karakuş
17.07.2017,
İstanbul

Foreign Trade Statistics of Turkey, April 2017

MuhasebeNews — Mon, 05 Jun 2017 06:50:17 +0000

Exports and imports increased by 7.4% and 9.9%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in April 2017; exports were 12 billion 839 million dollars with a 7.4% increase and imports were 17 billion 784 million dollars with a 9.9% increase compared with April 2016.

Foreign trade deficit increased by 16.7%
In April 2017 foreign trade deficit was 4 billion 945 million dollars with a 16.7% increase compared with April 2016.

In April 2017, exports coverage imports was 72.2% while it was 73.8% in April 2016.

Seasonally and calendar adjusted exports decreased by 2.7%
Seasonally and calendar adjusted exports decreased by 2.7% while imports increased 1.6% compared with previous month. Calendar adjusted exports and imports increased by 10.5% and 13.2%, respectively compared with April 2016.
Exports to the European Union increased by 2.2%
As compared with the same month of the previous year, exports to the EU-28 increased by 2.2% from 5 billion 652 million dollars to 5 billion 779 million dollars. The proportion of the EU countries was 45% in April 2017 while it was 47.3% in April 2016.

The main partner for exports was Germany
In April 2017, the main partner country for exports was Germany with 1 billion 140 million dollars. The country was followed by UAE with 1 billion 21 million dollars, Iraq with 857 million dollars and the United Kingdom with 737 million dollars.

The top country for imports was China
In April 2017, the top country for Turkey’s imports was China with 1 billion 647 million dollars. The country was followed by Germany with 1 billion 629 million dollars, Russia with 1 billion 495 million dollars and USA with 980 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 3.1%
Foreign trade by technology intensity covers the manufacturing industries’ products in classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 94.1% in April. The ratio of high-technology products in manufacturing industries was 3.1%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.6%.

Ratio of imports of high-tech products in manufacturing industries was 15.1%
The ratio of manufacturing industries’ products in total imports was 80.5%. The ratio of high-technology products in manufacturing industries’ products was 15.1% in April 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.8%.

Consumer Confidence Index in Turkey, May 2017

MuhasebeNews — Wed, 31 May 2017 08:33:51 +0000

Consumer confidence index realized as 72.8
The consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey increased by 2.1% compared to the previous month. The index became 72.8 in May while it was 71.3 in April.

Consumer confidence index, May 2017
Financial situation expectation index realized as 92
The financial situation expectation of household index increased by 1.4% compared to the previous month and became 92 in May. This increase resulted from the increase in the ratio of people expecting better financial situation of household in the next 12 months period.

General economic situation expectation index increased to 100.6
The general economic situation expectation index which was 96.2 in April increased by 4.5% and became 100.6 in May. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month.

Number of people unemployed expectation index became 75.3
The number of people unemployed expectation index increased by 3% compared to the previous month and became 75.3 in May. This increase stemmed from the decrease of people expecting an increase in the number of unemployed persons in the next 12 months.

Probability of saving index realized as 23.3
The probability of saving index decreased by 6.9% from 25.1 in April to 23.3 in May. This decrease shows that the possibility of saving of consumers in the next 12 months period decreased compared to the previous month.

Consumer confidence index, sub-indices and rate of changes, May 2017

Turkey’s Economic Confidence Index hit the highest level in April!

MuhasebeNews — Thu, 27 Apr 2017 12:45:27 +0000

According to the data revealed by the Turkish Statistical Institute, Turkey’s economic confidence has reached the highest level since December 2015.

Economic confidence index increased by 3.6% compared to previous month increasing from 96 to 99.5 in April.

Turkish Statistical Institute claimed that this increase in economic confidence index stemmed from the increases in consumer, retail trade and services confidence indices.

Source: Turkish Statistical Institute

What is the Foreign Trade Deficit of Turkey in 2016?

MuhasebeNews — Wed, 26 Apr 2017 13:41:02 +0000

1- WHAT IS THE AMOUNT OF EXPORT OF TURKEY?
1.1- By 2016, the total amount of export of Turkey was 142 Billion 606 Million USD.
1.2- By 2015, the total amount of export of Turkey was 143 Billion 838 Million USD.
1.3- The decrease in export was 1 Billion 232 Million USD between 2015 and 2016.

2- WHAT IS THE AMOUNT OF IMPORT OF TURKEY IN 2016?
2.1- By 2016, the total amount of import was 198 Billion 601 Million USD.
2.2- By 2015, the total amount of import was 207 Billion 234 Million USD.
2.3- Import reduction between 2015 and 2016 was 8 Billion 633 Million USD.

3- WHAT IS THE DIFFERENCE BETWEEN IMPORT AND EXPORT OF TURKEY IN 2016?
3.1- By 2016, the difference between import and export was 55 Billion 995 Million USD in Turkey.
3.2- The difference called balance of foreign trade was 63 Billion 395 Million USD in 2015.
3.3- Foreign trade deficit between 2015 and 2016 was 119 Billion 390 Million USD.

4- WHAT IS THE DIFFERENCE OF IMPORT AND EXPORT BETWEEN 2007 and 2016 OF TURKEY?
4.1- The total amount of export between 2007 and 2016 was 1 Trillion 338 Billion 551 Million USD in Turkey.
4.2- The total amount of import at the same period was 2 Trillion 075 Billion 560 Million USD.
4.3- Foreign trade deficit at the same period was 737 Billion 009 Million USD.
4.4- ARITHMETIC AVERAGE within 10 Years

EXPORT : 133 Billion USD/Yearly
IMPORT : 207 Billion USD/Yearly
DEFICIT : 74 Billion USD/Yearly

Source: Turkish Statistical Institute

Consumer Confidence Index of Turkey, April 2017

MuhasebeNews — Thu, 20 Apr 2017 09:15:28 +0000

Consumer confidence index realized as 71.3
The consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey increased by 5.1% compared to the previous month. The index became 71.3 in April while it was 67.8 in March 2017.

Consumer confidence index, April 2017

Financial situation expectation index realized as 90.7
The financial situation expectation of household index increased by 3.4% compared to the previous month and became 90.7 in April. This increase resulted from the increase in the ratio of people expecting better financial situation of household in the next 12 months period.

General economic situation expectation index became 96.2
The general economic situation expectation index which was 93.2 in March increased by 3.3% and became 96.2 in April. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month.

Number of people unemployed expectation index became 73.1
The number of people unemployed expectation index increased by 3.7% compared to the previous month and became 73.1 in April. This increase stemmed from the increase in the ratio of people expecting a decrease in the number of unemployed persons in the next 12 months.

Probability of saving index realized as 25.1
The probability of saving index increased by 26.3% from 19.9 in March to 25.1 in April. This increase shows that the possibility of saving of consumers in the next 12 months period increased compared to the previous month.

Consumer confidence index, sub-indices and rate of changes, April 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Foreign Trade Statistics in Turkey, February 2017

MuhasebeNews — Tue, 04 Apr 2017 13:49:30 +0000

Exports decreased by 1.9% while imports increased by 1.6%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in February 2017; exports were 12 billion 127 million dollars with a 1.9% decrease and imports were 15 billion 820 million dollars with a 1.6% increase compared with February 2016.

Foreign trade deficit increased by 15%
In February 2017 foreign trade deficit was 3 billion 693 million dollars with a 15% increase compared with February 2016.

In February 2017, exports coverage imports was 76.7% while it was 79.4% in February 2016.

Seasonally and calendar adjusted exports increased by 1.8%
Seasonally and calendar adjusted exports and imports increased by 1.8% and 1.7%, respectively compared with previous month. Calendar adjusted exports and imports increased by 0.7% and 5.5%, respectively compared with February 2016.
Exports to the European Union decreased by 3.2%
As compared with the same month of the previous year, exports to the EU-28 decreased by 3.2% from 5 billion 723 million dollars to 5 billion 539 million dollars. The proportion of the EU countries was 45.7% in February 2017 while it was 46.3% in February 2016.

The main partner for exports was Germany
In February 2017, the main partner country for exports was Germany with 1 billion 119 million dollars. The country was followed by UAE with 938 million dollars, Iraq with 725 million dollars and the United Kingdom with 702 million dollars.

The top country for imports was China
In February 2017, the top country for Turkey’s imports was China with 1 billion 643 million dollars. The country was followed by Germany with 1 billion 439 million dollars, Russia with 1 billion 304 million dollars and France with 767 million dollars.

Ratio of exports of high-tech products in manufacturing industries was 3%
Foreign trade by technology intensity covers the manufacturing industries’ products in classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 93.9% in February. The ratio of high-technology products in manufacturing industries was 3%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.4%.

Ratio of imports of high-tech products in manufacturing industries was 16.1%
The ratio of manufacturing industries’ products in total imports was 80%. The ratio of high-technology products in manufacturing industries’ products was 16.1% in February 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.5%.

Foreign Trade Statistics in Turkey, January 2017

MuhasebeNews — Wed, 29 Mar 2017 11:49:17 +0000

Exports and imports increased by 18.1% and 15.9%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in January 2017; exports were 11 billion 278 million dollars with a 18.1% increase and imports were 15 billion 586 million dollars with a 15.9% increase compared with January 2016.

Foreign trade deficit increased by 10.3%
In January 2017 foreign trade deficit was 4 billion 309 million dollars with a 10.3% increase compared with January 2016.

In January 2017, exports coverage imports was 72.4% while it was 71% in January 2016.

Seasonally and calendar adjusted exports increased by 4.5%
Seasonally and calendar adjusted exports and imports increased by 4.5% and 0.6%, respectively compared with previous month. Calendar adjusted exports and imports increased by 17% and 9%, respectively compared with January 2016.

Exports to the European Union increased by 12%
As compared with the same month of the previous year, exports to the EU-28 increased by 12% from 4 billion 734 million dollars to 5 billion 302 million dollars. The proportion of the EU countries was 47% in January 2017 while it was 49.6% in January 2016.

The main partner for exports was Germany
In January 2017, the main partner country for exports was Germany with 1 billion 122 million dollars. The country was followed by Iraq with 684 million dollars, the United Kingdom with 676 million dollars and United Arab Emirates with 655 million dollars.

The top country for imports was China
In January 2017, the top country for Turkey’s imports was China with 1 billion 851 million dollars. The country was followed by Russia with 1 billion 480 million dollars, Germany with 1 billion 187 million dollars and the United States of America with 734 million dollars.

Ratio of exports of high-tech products in manufacturing industries was 2.7%
Foreign trade by technology intensity covers the manufacturing industries’ products in classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 92.9% in January. The ratio of high-technology products in manufacturing industries was 2.7%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.6%.

Ratio of imports of high-tech products in manufacturing industries was 15.8%
The ratio of manufacturing industries’ products in total imports was 77.5%. The ratio of high-technology products in manufacturing industries’ products was 15.8% in January 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.2%.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Consumer Confidence Index in Turkey, March 2017

MuhasebeNews — Thu, 23 Mar 2017 10:02:44 +0000

Consumer confidence index realized as 67.8
The consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey increased by 3.2% compared to the previous month. The index became 67.8 in March while it was 65.7 in February.

Consumer confidence index, March 2017

Financial situation expectation index realized 87.8
The financial situation expectation of household index increased by 2.1% compared to the previous month and became 87.8 in March. This increase resulted from the increase in the ratio of people expecting better financial situation of household in the next 12 months period.

General economic situation expectation index became 93.2
The general economic situation expectation index which was 88 in February increased by 5.8% and became 93.2 in March. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month.

Number of people unemployed expectation index became 70.4
The number of people unemployed expectation index increased by 3.7% compared to the previous month and became 70.4 in March. This increase stemmed from the increase in the ratio of people expecting a decrease in the number of unemployed persons in the next 12 months.

Probability of saving index realized as 19.9
The probability of saving index decreased by 5.6% from 21 in February to 19.9 in March. This decrease shows that the possibility of saving of consumers in the next 12 months period decreased compared to the previous month.

Consumer confidence index, sub-indices and rate of changes, March 2017