The Gross Domestic Product (GDP) in Turkey was worth 1323.25 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Turkey represents 1.25 percent of the world economy. This dataset provides the latest reported value for - Turkey GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Turkey expanded 3.70 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gross domestic product is the total value of all goods and services produced in a country in a year. It is considered an important indicator of the economic strength of a country. In 2024, GDP in Turkey amounted to around 1,322.41 billion U.S. dollars. Gross domestic product as a reliable indicatorGross domestic product, or GDP for short, not only shows the aforementioned value; by doing so it gives an idea of the state of a country’s economy and standard of living. The higher and more stable a country’s GDP, the better its economic situation. Since GDP is measured consistently worldwide, comparisons between countries are possible and quite reliable. Turkey’s economy on the decline? Turkey’s gross domestic product has been on a decline for the past years and is estimated to hit rock bottom in 2019, with a projected steep upturn afterwards. At the same time, inflation is set to peak at almost 17.5 percent the same year, and unemployment is on the rise. All in all, the figures do not look promising for Turkey, but at least estimations assume a quick recovery. However, this economic development is likely due to the political path the country has chosen in recent years, and it remains to be seen if the forecasts will prove true in the future or if Turkey’s economy needs to brace itself for a further downturn instead.

This statistic shows the growth of the real gross domestic product (GDP) in Turkey from 2020 to 2024, with projections up until 2030. The real GDP is also known as economic growth. In 2024, the growth of the real GDP in Turkey was at approximately 3.18 percent compared to the previous year. Turkey's economy Based on economic standards, Turkey is recognized as an emerging market and is one of the world’s newly industrialized countries, having earned a place in the Group of Twenty, which is a group consisting of the twenty most important economies in the world. Turkey’s economical significance is partially attributed to the country’s growth, especially during the recent global financial recession. While countries around the world struggled to grow, let alone maintain a balanced economy, Turkey experienced a rather high percentage of gross domestic product growth annually. Additionally, Turkey’s financial sector saw significant improvements, most notably with the country’s inflation, which reached rates lower than those prior to the financial crash and even the lowest in a decade. With a rapidly growing populace as well as having had one of the fastest growing economies in Europe and the world, Turkey managed to maintain a stable and unchanged unemployment rate over the past decade, with the exception of 2009. However, despite a significant spike in unemployment, Turkey’s competent management helped bring the total unemployment rate to single digits for the first time in many years.

Full Year GDP Growth in Turkey decreased to 3.20 percent in 2024 from 5.10 percent in 2023. This dataset includes a chart with historical data for Turkey Full Year GDP Growth.

The Gross Domestic Product per capita in Turkey was last recorded at 15147.84 US dollars in 2024. The GDP per Capita in Turkey is equivalent to 120 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Turkey expanded 1.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Turkey GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the gross domestic product (GDP) per capita in Turkey from 1987 to 2024, with projections up until 2030. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a change in it is a sign of economic growth. In 2024, the GDP per capita in Turkey was estimated to be around 15,463.29 U.S. dollars. Turkey and the economic crisis Due to slight economic growth, Turkey is beginning to be recognized as an emerging market and one of the newer industrialized countries in the world. After the global financial recession, many economical aspects of the country crashed. However, Turkey implemented stimulus packages, including temporary tax cuts, and as a result, Turkey’s economy recovered from the crisis faster than many other nations. Not only is Turkey’s economic recovery is evident in an annual rise in GDP, but also in a significant plunge in unemployment since the crash as well as in a decrease of the inflation rate , which reached decade-low levels. Turkey specializes in the production of clothing, automotive, iron and steel, chemicals and agricultural products. Due to a high agricultural output rate, Turkey has been efficient in food production and is viewed as one of the most plentiful producers of fresh fruit worldwide. Agricultural production has also seen growth over the years in the country; however Turkey has slowly become less dependent on it as a main source of income.

Key information about Turkey GDP Per Capita

• Turkey Gross Domestic Product (GDP) per Capita reached 15,325.126 USD in Dec 2024, compared with 13,007.621 USD in Dec 2023.
• Turkey GDP Per Capita data is updated yearly, available from Dec 1995 to Dec 2024, with an average number of 9,108.436 USD.
• The data reached an all-time high of 15,325.126 USD in Dec 2024 and a record low of 3,114.294 in Dec 2001.
• The Turkish Statistical Institute provides GDP per Capita in USD.

Related information about Turkey GDP Per Capita data

• In the latest reports, Turkey GDP expanded 3.656 % YoY in Sep 2025.
• Turkey Nominal GDP reached 427.903 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 36.580 % in Sep 2025.
• Gross Savings Rate of Turkey was measured at 33.436 % in Sep 2025.

This statistic shows the share economic sectors in gross domestic product (GDP) in Turkey from 2014 to 2024. In 2024, agriculture contributed 5.59 percent to GDP, while industry and services accounted for 25.94 percent and 56.82 percent respectively.

Turkey: Gross Domestic Product, billions of 2015 U.S. dollars: The latest value from 2024 is 1295.4 billion U.S. dollars, an increase from 1255.4 billion U.S. dollars in 2023. In comparison, the world average is 528.3 billion U.S. dollars, based on data from 177 countries. Historically, the average for Turkey from 1960 to 2024 is 418 billion U.S. dollars. The minimum value, 68.9 billion U.S. dollars, was reached in 1960 while the maximum of 1295.4 billion U.S. dollars was recorded in 2024.

Key information about Turkey Nominal GDP Growth

• Turkey Nominal GDP Growth was reported at 41.574 % in Sep 2025.
• This records a decrease from the previous number of 44.007 % for Jun 2025.
• Turkey Nominal GDP Growth data is updated quarterly, averaging 17.220 % from Mar 1996 to Sep 2025, with 119 observations.
• The data reached an all-time high of 120.247 % in Sep 2022 and a record low of -4.332 % in Mar 2009.
• Turkey Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Turkish Statistical Institute provides Nominal GDP in local currency.

Dataset of the Turkey GDP Annual Growth Rate, including historical data, latest releases, and long-term trends from 1961-12-31 to 2024-12-31. Available for free download in CSV format.

Graph and download economic data for Nominal Gross Domestic Product for Turkey (NGDPSAXDCTRQ) from Q1 1998 to Q1 2025 about Turkey and GDP.

Key information about Turkey External Debt: % of GDP

• Turkey External Debt accounted for 38.2 % of the country's Nominal GDP in 2024, compared with the ratio of 43.6 % in the previous year.
• Turkey External Debt: % of Nominal GDP data is updated yearly, available from Dec 1989 to Dec 2024.
• The data reached an all-time high of 58.0 % in Dec 2020 and a record low of 26.1 % in Dec 1990.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides External Debt in USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 1998 is sourced directly from Republic of Turkey, Ministry of Treasury and Finance.


Related information about Turkey External Debt: % of GDP

• In the latest reports of Turkey, Current Account recorded a surplus of 1.1 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 722.0 USD mn in Sep 2025.
• Turkey Direct Investment Abroad expanded by 884.0 USD mn in Sep 2025.
• Its Foreign Portfolio Investment increased by 10.7 USD bn in Sep 2025.
• The country's External Debt reached 547,697.8 in Jun 2025.
• The country's Nominal GDP was reported at 427.9 USD bn in Sep 2025.

Key information about Turkey Real GDP Growth

• The Gross Domestic Product (GDP) in Turkey expanded 3.7 % YoY in Sep 2025, following a growth of 4.9 % in the previous quarter.
• Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1996 to Sep 2025, with an average rate of 9.9 %.
• The data reached an all-time high of 22.4 % in Jun 2021 and a record low of -14.7 % in Mar 2009.

CEIC calculates Real GDP Growth from quarterly Real GDP Index. Turkish Statistical Institute provides Real GDP Index with base 2009=100.


Related information about Turkey Real GDP Growth

• In the latest reports, Nominal GDP of Turkey reached 427.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 36.6 % in Sep 2025.
• GDP Per Capita in Turkey reached 15,325.1 USD in Dec 2024.
• Its Gross Savings Rate was measured at 33.4 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Sep 2025.
• Public Consumption accounted for 13.0 % in Sep 2025.
• Private Consumption accounted for 53.6 % in Sep 2025.

Monthly and long-term Turkey GDP data: historical series and analyst forecasts curated by FocusEconomics.

Key information about Turkey Investment: % of GDP

• Turkey Investment accounted for 30.5 % of its Nominal GDP in Sep 2025, compared with a ratio of 33.8 % in the previous quarter.
• Turkey investment share of Nominal GDP data is updated quarterly, available from Mar 1995 to Sep 2025, with an average ratio of 27.9 %.
• The data reached an all-time high of 40.1 % in Jun 2022 and a record low of 13.2 % in Dec 2001.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Turkish Statistical Institute provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency. Changes in Inventories include Statistical Discrepancy.


Related information about Turkey Investment: % of GDP

• In the latest reports, Turkey GDP expanded 3.7 % YoY in Sep 2025.
• Turkey Nominal GDP reached 427.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 36.6 % in Sep 2025.
• Turkey GDP Per Capita reached 15,325.1 USD in Dec 2024.
• Its Gross Savings Rate was measured at 33.4 % in Sep 2025.

Key information about Turkey Market Capitalization: % of GDP

• Turkey Market Capitalization accounted for 30.1 % of its Nominal GDP in Dec 2024, compared with a percentage of 37.1 % in the previous year
• Turkey Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1998 to Dec 2024
• The data reached an all-time high of 56.9 % in Dec 1999 and a record low of 14.7 % in Dec 1998

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and quarterly Nominal GDP. Borsa Istanbul provides Market Capitalization in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Further information about Turkey Market Capitalization: % of GDP

• In the latest reports, Borsa Istanbul recorded a monthly P/E ratio of 17.0 in Nov 2025
• BIST National 100 closed at 116,524.8 points in Jun 2020

Key information about Turkey Consolidated Fiscal Balance: % of GDP

• Turkey Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 4.9 % in the previous quarter
• Turkey Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2006 to Sep 2025, with an average ratio of -0.9 %
• The data reached an all-time high of -0.6 % in Sep 2008 and a record low of -5.5 % in Mar 2024

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides year-to-date Consolidated Fiscal Balance in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Further information about Turkey Consolidated Fiscal Balance: % of GDP

• In the latest reports, Turkey National Government Debt reached 298.4 USD bn in Dec 2024
• Turkey Nominal GDP reached 427.9 USD bn in Sep 2025