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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Tourism Revenues climbed to 15.9B in April 2026
FMPMonthlyReleased July 2026
Turkey Tourism Revenues climbed to 15.9B in April 2026, released July 2026, up 6B from March's 9.9B reading. The reading missed the 18B consensus by 2.1B. Year-over-year, the indicator is down 0.38B. Tourism Revenues is now the highest in 6 months.
Latest Release
15.9
Actual
18
Consensus
9.9
Previous
Median Absolute Error
±1.51 billion
across last 10 releases
Last Call
Jan 2026
Predicted: 14
Actual: 15.2
Error: -1.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/TRY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/TRY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tourism Revenues (Turkey) was reported at 15.90 billion in July 2026. This missed the market consensus of 18.00 billion by 2.10 billion. The reading rose from the previous value of 9.90 billion. Trailing 12-month context per ETL data through January 2026.
WHY IT MATTERS
The trailing three releases averaged 18.59 billion, up from the prior three at 15.49 billion. In January readings over the past 3 years, Tourism Revenues has averaged 13.75 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/TRY (Bullish TRY). A secondary relationship exists with EUR/TRY, negatively correlated (Bullish TRY). Over the last 10 releases, the Sigmacast model's median absolute error is 1.52 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update January 2026.
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Tourism Revenues - TR
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About Tourism Revenues — Turkey
DEFINITION
Tourism Revenues is a financial indicator that measures the total amount of money generated by the tourism industry in a specific region or country. This includes expenditures on accommodations, transportation, food and beverage, and other related services by both domestic and international tourists. It is a key indicator of the economic impact of tourism and can provide valuable insights into the overall health and growth of the industry.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 15.9 B, consensus 18 B. Prior reading (Jan 2026): 9.9 B. Before that (Oct 2025): 15.2 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/TRY (Bullish TRY, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - TR Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Tourism Revenues | 15.9 | 9.9 | 18 | 16.95 | Low |
| 07:00 | TR | Exports | 24.9 | 22.4 | 24.94 | 25.91 | Low |
| 07:00 | TR | Imports | 35.3 | 28.1 | 35.3 | 36.40 | Low |
| 07:00 | TR | Balance of Trade | -10.37 | -5.65 | -10.4 | -10.52 | Medium |
| 08:00 | TR | Tourist Arrivals YoY | -4.02 | -3.58 | -3 | -3.51 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Producer Price Index YoY | 28.09 | 27.4 | 27.45 | Low | |
| 07:00 | TR | Inflation Rate MoM | 0.99 | 1.83 | 2.28 | Medium | |
| 07:00 | TR | Producer Price Index MoM | 1.8 | 1 | 1.30 | Low | |
| 07:00 | TR | Inflation Rate YoY | 32.11 | 31.8 | 32.36 | Medium | |
| 07:00 | TR | Istanbul Chamber of Industry Manufacturing PMI | 47.1 | 47.5 | 46.25 | Low | |