HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Total population	82.32 million	81.1 million	79.82 million	WDI	A.1.1
Total number of households	23.22 million	22.68 million	22.21 million	Turkish Statistical Institute	A.1.2
Average household size	3.41	3.45	3.48	Turkish Statistical Institute	A.1.3
Urban population (% of total)	75.14% of total	74.64% of total	74.13% of total	WDI	A.1.4
Urban population growth (annual %)	2.16%	2.28%	2.34%	WDI	A.1.5

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
GDP, current prices (U.S. dollars)	771,274 USD (millions)	852,648 USD (millions)	863,390 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	2,299,753 USD (millions)	2,183,336 USD (millions)	1,994,009 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)	9,405.32 USD	10,551.14 USD	10,817.39 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	28,044.39 USD	27,017.81 USD	24,982.88 USD	WEO	A.2.4
GDP, constant prices (Percent change)	2.83%	7.47%	3.18%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	20.3%	11.92%	8.53%	WEO	A.2.6
GDP, deflator (Index)	213.80	183.61	165.48	WEO	A.2.7
Consumer price index	203.55	174.97	157.42	WDI	A.2.8
GINI Index	41.90	41.40	41.90	WDI	A.2.9
Median national annual household income	7,990.48 USD	9,514.25 USD	10,373.61 USD	Turkish Statistical Institute	A.2.10
Median urban annual household income			5,241.09 USD/year	Turkish Statistical Institute	A.2.11
Growth in urban household income (%/year)					A.2.13
Employment (% of total laborforce)					A.2.14
Self-employed	15.21%	15.22%	14.86%	Turkish Statistical Institute	A.2.14.1
Informally employed			43.3%	TURKSTAT	A.2.14.2
Unemployed	10.96%	10.92%	10.9%	Turkish Statistical Institute	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate	18.5%	8.75%	8.75%	IFS	A.2.15.1
Yield on 3 months treasury bills	Not available	Not available	Not available	IFS	A.2.15.2
Average bank deposit rate	23.35%	15.29%	14.61%	IFS	A.2.15.4

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Number of dwelling units:					B.1.1
Total			19 million	IMF	B.1.1.1
Characteristics of housing stock:					B.1.3
Average dwelling unit size-existing			Not available		B.1.3.1
Tenure in urban areas (%):					B.1.4
Owner-occupied units	Not available	59.1% of total	59.7% of total	Eurostat	B.1.4.1
% of owner units with a mortgage	Not available	7.8% of total	7.5% of total	Eurostat	B.1.4.2
Private rental units	Not available	24.7% of total	24.5% of total	Eurostat	B.1.4.3
Public / social rental units	Not available	16.1% of total	15.8% of total	Eurostat	B.1.4.4
Estimated Number of units completed/year					B.1.5
Formal sector/registered	661,472 units	1,397,758 units	1,002,725 units	Turkish Statistical Institute	B.1.5.1
Number of recorded urban housing transactions/year	1375398	1409314	1341453	Turkish Statistical Institute	B.1.6

Variable	End of 2016	Sources	Var ID
Median urban house price in USD:			B.2.1
Existing housing	13.16 USD	IMF	B.2.1.2
Median house price to median annual HH income:			B.2.2
Annual average % change in median house prices:			B.2.3
M2 construction cost for median quality house			B.2.4