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Households allocated the highest share to housing and rent expenditures in Turkey

16.07.2020

Household Consumption Expenditures, 2019 in Turkey

According to the results of the 2019 household budget survey; while the expenditures on housing and rent had the highest share in total consumption expenditures with a rate of 24.1%, the share of expenditures on food and non-alcoholic beverages took second place with 20.8% and transportation expenditures took third place with 16.5%.

The groups which had the lowest shares in total expenditures were health with 2.2%, educational services expenditures with 2.5% and entertainment and culture expenditures with 3.1%.

Distribution of household consumption expenditures by expenditure types (%), 2018, 2019

The monthly average consumption expenditure per equivalent adult was 2 465 TL

Consumption expenditure per equivalent adult is obtained by taking into account household size and composition in order to make consumption expenditures of households comparable.

The monthly average consumption expenditure per equivalent adult was estimated as 2 181 TL in 2018 and 2 465 TL in 2019.

The share of food and non-alcoholic beverages in total expenditures had the highest increase

According to the results of the survey, the share of food and non-alcoholic beverages expenditures increased from 20.3% to 20.8% with 0.5 percentage points compared to the previous year. The share of alcoholic beverages, cigarette and tobacco expenditures increased to 4.3% from 4.0%. The share of clothing and footwear was 5.0% in 2019 while 4.8% in 2018. The share of housing and rent increased to 24.1% from 23.7%, entertainment and culture increased to 3.1% from 2.9%, educational services increased to 2.5% from 2.3% and various goods and services increased to 5.1% from 4.9%.

On the other hand, the share of furniture and houses appliances decreased to 6.4% from 6.5% compared to the previous year. The share of transportation expenditures decreased to 16.5% from 18.3% with 1.8 percentage points and also the share of communication decreased to 3.6% from 3.8%.

The share of health expenditures and restaurant and hotels expenditures remained unchanged from 2018 to 2019 with 2.2% and 6.5% respectively.

Change of expenditure shares by expenditure types (%), 2018, 2019

Meat, fish and seafood has the highest share in food expenditures

While meat, fish and seafood expenditures had the highest share in food and non-alcoholic beverages expenditures with 19.4%, bread and cereals expenditures was 17.8%, vegetables expenditures was 16.6% and milk, cheese and eggs was 13.9%. Expenditures on other food products had the lowest share in food and non-alcoholic beverages expenditures with 2.3%. The share of coffee, tea and cocoa was 3.2% and non-alcoholic beverages was 3.8%.

  Distribution of food expenditures (%), 2018                                   Distribution of food expenditures (%), 2019

Share of food expenditures of low-income households was twice more than high-income households

When looking at the distribution of consumption expenditures by quintiles ordered by income in 2019, it was observed that the share of housing and rent was 31.2%, food and non-alcoholic beverages expenditures was 30.7%, transportation expenditures was 9.0%, furniture and houses appliances expenditures was 5.3% for households in the first quintile (the lowest quintile).

The share of housing and rent expenditures was 20.1%, transportation expenditures was 20.0%, food and non-alcoholic beverages was 15.3% and restaurant and hotels was 8.1% for households in the fifth quintile (the highest quintile).

Distribution of consumption expenditures by quintiles ordered by income (%), 2018, 2019

Expenditure patterns changed according to main source of income

While households whose main source of income was wages and salaries allocated 22.4% share for housing and rent, 19.0% for food and non-alcoholic beverages and 17.7% for transportation, household whose main source of income was entrepreneurial income allocated 20.4% share for housing and rent, 19.8% for food and non-alcoholic beverages and 19.2% for transportation.

Distribution of household consumption expenditure by main source of household income (%), 2019

The next release on this subject will be on July, 2021.


Source: TurkStat
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 Karen Audit 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.


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In May drinking milk production by integrated dairies increased by 14.7% in Turkey

16.07.2020

Milk and Milk Products, May 2020 in Turkey


Source: TurkStat
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 Karen Audit 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.


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Chicken meat production in Turkey decreased by 2% in May compared with the previous month

16.07.2020

Poultry Production, May 2020 in Turkey

Turkey meat production increased by 9.7%, hen egg production increased by 2.3%, chicken meat production decreased by 5%, and number of the slaughtered chicken decreased by 5.8% in May compared with the same month of the previous year. Chicken meat production increased by 5.1%, number of the slaughtered chicken increased by 4.5%, turkey meat production increased by 0.9%, and hen egg production increased by 0.8% in January-May period compared with the same period of the previous year.

Poultry production, May 2020
Chicken meat production decreased by 2% in May compared with the previous month, and realized as 183 thousand 616 tonnes.
Chicken meat production, May 2020
Number of the slaughtered chicken decreased by 4% in May compared with the previous month, and realized as 102 million 218 thousand units.
Number of the slaughtered chicken, May 2020
Hen egg production increased by 3% in May compared with the previous month, and realized as 1.7 billion units.
Hen egg production, May 2020
Turkey meat production increased by 27.6% in May compared with the previous month, and realized as 5 thousand 108 tonnes.
Turkey meat production, May 2020
The next release on this subject will be on August 10, 2020.


Source: TurkStat
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 Karen Audit 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.


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Producer Price Index of Agricultural Products increased by 0.45% in June 2020

14.07.2020

Producer Price Index of Agricultural Products, June 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 0.45%, on December of the previous year increased  by 8.49%, on same month of the previous year increased by 14.50% and on the twelve months moving averages basis increased by 14.29% in June 2020.

Compared to the previous month in sectors; products of agriculture, hunting and related services increased by 0.40%, forestry products and related services increased by 1.58% and fishing products and other fishing products increased by 1.74%. Regarding monthly changes by main groups; non-perennial crops decreased by 0.78%, live animals and animal products increased by 0.35% and perennial crops increased by 2.96%.

Agriculture-PPI annual change (%), June 2020

The lowest annual increase was 2.42% in poultry, live and eggs subgroup

In June 2020, vegetables and melons, roots and tubers where lowest annual increase realized with 5.60% on the same month of the previous year. On the other hand, rice (in hulk) with 21.77%, cereals (except rice), leguminous crops and oil seeds with 21.23% and fibre plants with 19.36% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture – PPI annual rate of changes in subgroups (%), June 2020

The highest monthly decrease was 9.31% in poultry, live and eggs subgroup

In June 2020, the other group that indicated a decrease was vegetables and melons, roots and tubers with 2.67% amongst the subgroups. On the other hand, sheep and goats live; raw milk and shorn wool from sheep and goats with 3.72%, rice (in hulk) with 2.91% and oleaginous fruits with 2.59% were the subgroups where high monthly increases realized.

Agriculture – PPI monthly rate of changes in subgroups (%), June 2020

In June 2020 within average prices of 82 items in the index; the average prices of 23 items decreased and the average prices of 8 items remained unchanged while the average prices of 51 items increased.

The next release on this subject will be on August 14, 2020.


Source: TurkStat
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 Karen Audit 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.


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In Turkey house sales increased by 209.7% in June 2020

14.07.2020

House Sales Statistics, June 2020 in Turkey

In Turkey, house sales increased by 209.7% in June 2020 compared to the same month of the previous year and hence, became 190 thousand 12. For the house sales of June 2020, İstanbul had the highest share of house sales with 15.2% and 28 thousand 799 sold house. The followers of İstanbul were Ankara with 21 thousand 915 house sales and İzmir 11 thousand 690 house sales with the share of 11.5% and 6.2% respectively. The least house sold provinces were Ardahan with 29 house sales, Hakkari with 40 house sales and Bayburt with 68 house sales.

Number of house sales, June 2020

Number of house sales, June 2020

In June 2020, 101 thousand 504 ownership of the houses changed by mortgage sales

The mortgaged house sales throughout Turkey became 101 thousand 504 by increasing 1286.9% compared to the same month of the previous year. House sales with mortgage had a 53.4% share of all house sales in Turkey. İstanbul has the highest mortgage house sales in Turkey with 14 thousand 767 sales and with the share of 14.5%. The least mortgaged other house sales was realized in Hakkari with 4 house sales.

Ownership of 88 thousand 508 houses changed by other sales

Other house sales in Turkey became 88 thousand 508 by increasing 63.8% compared to the same month of the previous year. In the other sales, İstanbul was the first province with 14 thousand 32 sales and 15.9% share. Other house sales had 48.7% share of all house sales in İstanbul. Ankara was the second province with 8 thousand 114 sales. Ankara was followed by İzmir with 5 thousand 4 sales. The least other house sales was realized in Ardahan with 14 house sales.

House sales by type of sales, June 2020

In house sales, 58 thousand 632 of houses were sold for the first time

First house sales in Turkey became 58 thousand 632 by increasing 152.0% compared to the same month of the previous year. First house sales had 30.9% share of all house sales in Turkey. The most first house sales was in İstanbul with 8 thousand 253 sales. İstanbul was the first province in Turkey ranking that had most first house sales share with 14.1%. The followers of İstanbul were Ankara with 5 thousand 96 house sales and İzmir with 3 thousand 530 house sales.

Ownership of 131 thousand 380 houses changed by second hand sales

Second hand house sales in Turkey became 131 thousand 380 by increasing 244.9% compared to the same month of the previous year. In the second hand sales, İstanbul was the first province with 20 thousand 546 sales and 15.6% share. Share of the second hand sales was 71.3% in İstanbul in total house sales. Ankara was the second province with 16 thousand 819 sales and Ankara was followed by İzmir with 8 thousand 160 sales.

House sales by state of sales, June 2020

House sales by type of sales, June 2019-2020                         House sales by state of sales, June 2019-2020

Houses sales increased by 23.5% in January-June period

In the January-June period, 624 thousand 769 houses were sold and increased by 23.5% compared to the same period of the previous year. In the January-June period, sales of mortgaged houses was 266 thousand 374 and increased by 221.4%, and in other types of sales, it was 358 thousand 395 and decreased by 15.3%. Houses sold for the first time in this period was 197 thousand 722 decreased by 4.1%. Second-hand house sales was 426 thousand 997 and also increased by 42.5%.

In June 2020, a thousand 664 houses were sold to foreigners

In house sales to foreigners became a thousand 664 by decreasing 38.1% compared to the same month of the previous year. İstanbul was the first province with 730 sales in June 2020. The followers of İstanbul were Antalya with 277 house sales, Ankara with 180 house sales, İzmir with 65 house sales and Mersin with 57 house sales.

House sales for foreigners, June 2020

In January-June period, house sales to foreigners became 14 thousand 262 by decreasing 28.5% compared to the same period of the previous year.

Most house sales were made to Iran citizens according to country nationalities

In June, Iran citizens bought 398 houses from Turkey. The followers of Iran were Iraq with 257 house sales, China with 78 house sales, Azerbaijan with 70 house sales and Russia with 63 house sales.

   House sales by nationalities in country detail for top 20, June 2020

The next release on this subject will be on August 17, 2020.


Source: TurkStat
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 Karen Audit 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.


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The overall export unit value index decreased by 3.5% in Turkey in May 2020

10.07.2020

Foreign Trade Indices, May 2020 in Turkey

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Construction cost index in Turkey increased by 1.36% in May 2020 compared with previous month

10.07.2020

Construction Cost Index, May 2020 in Turkey

In May 2020, construction cost index (CCI) increased by 1.36% compared with previous month and increased by 5.80% compared with the same month of the previous year. Material index increased by 1.78% and labour index increased by 0.51% compared with the previous month. Also material index increased by 1.55% and labour index increased by 15.37% compared with the previous year.

Construction cost index annual rate of change (%), May 2020

Building construction cost index increased by 7.09% annually and 1.03% monthly

Building construction cost index increased by 1.03% compared with previous month and increased by 7.09% compared with the same month of the previous year. Material index increased by 1.40% and labour index increased by 0.31% compared with the previous month. Also material index increased by 3.31% and labour index increased by 15.30% compared with the previous year.

Building construction cost index annual rate of change (%), May 2020

Construction cost index for civil engineering increased by 1.55% annually and increased 2.51% monthly

Construction cost index for civil engineering increased by 2.51% compared with previous month and increased by 1.55% compared with the same month of the previous year. Material index increased by 3.10% and labour index increased by 1.29% compared with the previous month. Also material index decreased by 3.99% and labour index increased by 15.59% compared with the previous year.

Construction cost index for civil engineering annual rate of change (%), May 2020

Construction cost index annual rate of changes (%), May 2020

Construction cost index monthly rate of changes (%), May 2020

The next release on this subject will be on August 12, 2020.


Source: TurkStat
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 Karen Audit 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.


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Unemployment rate realized as 12.8% in Turkey

10.07.2020

Labour Force Statistics, April 2020 in Turkey

The number of unemployed persons aged 15 years old and over decreased by 427 thousand to 3 million 775 thousand persons in the period of April 2020 in Turkey compared with the same period of the previous year. The unemployment rate occurred as 12.8% with 0.2 percentage point decrease. Non-agricultural unemployment rate occurred as 14.9% with 0.1 percentage point decrease.

Employment rate realized as 41.1%

The number of employed persons decreased by 2 million 585 thousand to 25 million 614 thousand persons in the period of April 2020 compared with the same period of the previous year. The employment rate occurred as 41.1% with 4.9 percentage point decrease.


While the number of agricultural employment decreased by 491 thousand persons, industry decreased by 209 thousand persons, construction decreased by 361 thousand persons and services decreased by 1 million 524 thousand persons. According to the distribution of employment by sector; 17.5% was employed in agriculture, 20.9% was employed in industry, 4.9% was employed in construction and 56.7% was employed in services.

Labour force participation rate realized as 47.2%

The number of persons in the labour force realized 29 million 388 thousand persons with 3 million 13 thousand persons decrease in the period of April 2020 compared with the same period of the previous year. Labour force participation rate (LFPR) was 47.2% with 5.7 percentage point decrease.

Non-seasonally adjusted main labour force indicators, 15 + age, (Thousand), April 2019, April 2020

The rate of unregistered employment realized as 28.7%

The ratio of persons working without any social security relating to the main job occurred 28.7% with 5.5 percentage point decrease in the period of April 2020 compared with the same period of the previous year. The rate of unregistered employment realized as 17.3% with 5.8 percentage point decrease in the non-agricultural sector compared to the same period of the previous year.

For 15-64 age group, unemployment rate realized as 13.1% and employment rate realized as 45.5%

For the 15-64 age group, the unemployment rate occurred as 13.1% with 0.2 percentage point decrease and non-agricultural unemployment rate occurred as 15.0% with 0.1 percentage point decrease compared to the same period of the previous year. In this age group, employment rate occurred as 45.5% with 5.1 percentage point decrease and labour force participation rate occurred as 52.4% with 6 percentage point decrease.

Non-seasonally adjusted main labour force indicators, 15-64 age group, (%), April 2019, April 2020

Youth unemployment rate realized as 24.4%, employment rate realized as 26.1%

The youth unemployment rate between aged 15-24 years realized as 24.4% with 1.2 percentage point increase and the youth employment rate realized as 26.1% with 7.0 percentage point decrease compared with the same period of the previous year. In the same period, labour force participation rate realized as 34.5% with 8.6 percentage point decrease. The rate of neither in employment nor in education realized as 29.1% with 5.7 percentage point increase compared with the same period of the previous year.

Non-seasonally adjusted main labour force indicators, 15-24 age group, (%), April 2019, April 2020

Seasonally adjusted unemployment rate realized as 13.8%, employment rate realized as 41.0%

Seasonally adjusted unemployment rate realized as 13.8% with 0.7 percentage point increase. The number of unemployed persons increased by 76 thousand to 4 million 80 thousand persons.

Seasonally adjusted employment rate realized as 41.0% with 1.6 percentage point decrease. The number of employed persons estimated as 25 million 541 thousand persons with 968 thousand persons decrease compared with the same period of the previous year.

Seasonally adjusted labour force participation rate was 47.5% with 1.5 percentage point decrease. The number of labour force estimated as 29 million 620 thousand persons with 893 thousand persons decrease.

According to the seasonally adjusted number of employment by sectors, employment in agriculture decreased by 34 thousand persons, industry decreased by 164 thousand persons, construction decreased by 123 thousand persons and services decreased by 647 thousand persons.

Employment by sectors, (Thousand), April 2018 – April 2020

The next release on this subject will be on August 10, 2020.
                                                                                                                                                                                                    
EXPLANATIONS

In the period of April 2020, results published in this press release includes 10th-22ndweeks period including March, April and May 2020.


Source: TurkStat
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 Karen Audit 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.


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Tax Applications in Turkey

08.07.2020

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Turkey has one of the most competitive corporate tax rates among OECD member countries. The Turkish corporate tax legislation has noticeably clear, objective, and harmonized provisions that are in line with international standards. The Turkish tax legislation may be classified under three main headings:

1. Income Taxes 
The Turkish tax legislation includes two main income taxes, namely personal income tax and corporate income tax.
1.1. Personal Income Tax
Real persons’ income is subject to personal income tax. Income is defined as the net amount of all earnings and revenues derived by an individual within a single calendar year. An individual’s income may consist of one or more income elements listed as follows:  ​
​Agricultural profits​​
B​​usiness profits
​Salaries and wages
​​Income from
independe​​nt personal services
​​Income from immovable property and rights (rental income)
Income from movable property (income from capital investment​)
O​ther income and earnings
Individual income tax rates vary from 15% to 35%. Individual income tax rates applicable for 2019 are as follows:
​Income Scales (TRY) ​​
(Employment Income)
​Rate (%)
Income Scales (TRY)
(Non-Employment Income)
Rate (%)
Up to 18,000
15 Up to 18,000 15
18,001-40,000 20 18,001-40,000 20
40,001-148,000 27 40,001-98,000 27
148,001 and over 35 98,001 and over 35
1.2. Corporate Income Taxes
In case income elements specified in the Income Tax Law are derived by corporations, taxation is applicable on the legal entities of these corporations. Corporate taxpayers defined in the law are as follows:
C​apital companies
​C​ooperatives​
P​ublic economic enterprises
Economic enterprises owned by associations and foundations​
J​oint ventures
In Turkey, the corporate income tax rate levied on business profits is 20%. The rate for corporate income tax has been increased to 22% for the tax periods 2018, 2019, and 2020; however, the Council of Ministers is authorized to reduce the 22% rate to a rate as low as 20%.
2. Taxes on Expenditure 
2.1. Value Added Tax (VAT)
The generally applied VAT rates are set at 1%, 8%, and 18%. Commercial, industrial, agricultural, and independent professional goods and services, goods and services imported into the country, and deliveries of goods and services as a result of other activities are all subject to VAT.
2.2. Special Consumption Tax (SCT)
There are four main product groups that are subject to SCT at different tax rates:
  • ​Petroleum products, natural gas, lubricating oil, solvents, and derivatives of solvents
  • Automobiles and other vehicles, motorcycles, planes, helicopters, yachts
  • Tobacco and tobacco products, alcoholic beverages
  • Luxury products
Unlike VAT, which is applied on each delivery, SCT is charged only once.
2.3. Banking and Insurance Transaction Tax
Banking and insurance company transactions remain exempt from VAT but are subject to a Banking and Insurance Transaction Tax. This tax applies to income earned by banks, such as loan interest. Although the general rate is 5%, some transactions, such as interest on deposit transactions between banks, are taxed at 1%. No tax has been levied on sales from foreign exchange transactions since 2008.
2.4. Stamp Duty
Stamp duty applies to a wide range of documents, including contracts, notes payable, capital contributions, letters of credit, letters of guarantee, financial statements, and payrolls. Stamp duty is levied as a percentage of the value of the document at rates ranging from 0.189% to 0.948% or is collected as a fixed price (a pre-determined price) for some documents.
3. Taxes on Wealth 
There are three kinds of taxes on wealth:
  • ​Property taxes
  • Motor vehicle tax
  • Inheritance and gift tax
Buildings, apartments, and land owned in Turkey are subject to real estate tax ranging at a rate between 0.1% and 0.6%, while Contribution to the Conservation of Immovable Cultural Property is levied at a rate of 10% of this real estate tax. Motor vehicle taxes are collected on the basis of fixed amounts that vary according to the age and engine capacity of the vehicles each year. Meanwhile, inheritance and gift taxes are levied at a rate of 1% to 30%.​

Source: Investment Office of Republic of Turkey / Link: https://www.invest.gov.tr/en/investmentguide/pages/tax-guide.aspx
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 Karen Audit 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.


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Maximum monthly real profit rate in Turkey was realized in stock exchange

08.07.2020

The Rates of Real Profits Created by Means of Financial Investment, June 2020 in Turkey

Stock exchange yielded the highest monthly real profit with the rates of 9.90% and 9.42% according to domestic producer price index (D-PPI) and consumer price index (CPI), respectively.

According to D-PPI, the monthly real profit rate of government domestic debt instruments (GDDI) and Euro yielded real profit with the rates of 1.59% and 0.72% respectively. However, the monthly real profit rate of investors of deposit interest, gold (ingot) and US Dollar lost by 0.10%, 1.66% and 2.58% respectively. According to CPI, the monthly real profit rates of GDDI and Euro yielded real profit with the rates of 1.15% and 0.29% respectively. However, the monthly real profit rate of investors of deposit interest, gold (ingot) and US Dollar lost by 0.53%, 2.09% and 3.01%, respectively.

The monthly real profit rates created by means of financial investment, June 2020

Gold (ingot) made the highest real profit with the rates of 13.45% according to D-PPI and 13.64% according to CPI, quarterly. In the same period, deposit interest made the highest loss with the rate of 1.16% according to D-PPI and 1.00% according to CPI.

The quarterly real profit rates created by means of financial investment, June 2020

Bi-annually, gold (ingot) made the highest real profit with the rates of 27.62% according to D-PPI, 28.99% according to CPI. In the same period, investors of stock exchange made the highest loss with the rate of 5.67% according to D-PPI and 4.65% according to CPI.

The bi-annual real profit rates created by means of financial investment, June 2020

Maximum annual real profit was created by gold (ingot) investors

Gold (ingot) yielded the highest annual real profit with the rates of 40.47% and 32.43% according to D-PPI and CPI, respectively.

According to D-PPI, the annual real profit rate of GDDI, deposit interest, stock exchange, US Dollar and Euro yielded real profit with the rates of 26.40%, 14.53%, 12.30%, 10.48% and 10.12%, respectively. According to CPI, the annual real profit rates of GDDI, deposit interest, stock exchange, US Dollar and Euro yielded real profit with the rates of 19.16%, 7.97%, 5.87%, 4.16% and 3.81%, respectively.

The annual real profit rates created by means of financial investment, June 2020

The next release on this subject will be on August 7, 2020.


Source: TurkStat
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 Karen Audit 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.


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