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 4.80 percent in the second 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.

The Gross Domestic Product (GDP) in Turkey expanded 1.60 percent in the second 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.

As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years, decreasing by nearly five liras. By September 12, 2025, one U.S. dollar was worth approximately 41.34. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

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.

Turkey TR: Output Gap of Total Economy data was reported at -0.909 % in 2026. This records a decrease from the previous number of -0.864 % for 2025. Turkey TR: Output Gap of Total Economy data is updated yearly, averaging 0.094 % from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 9.175 % in 2006 and a record low of -8.738 % in 2001. Turkey TR: Output Gap of Total Economy data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GAP - Output gap, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

Turkey TR: Potential Output of Total Economy: Volume data was reported at 2,486.415 TRY bn in 2026. This records an increase from the previous number of 2,390.005 TRY bn for 2025. Turkey TR: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,270.306 TRY bn from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 2,486.415 TRY bn in 2026 and a record low of 693.899 TRY bn in 1998. Turkey TR: Potential Output of Total Economy: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

Consumption as percent of GDP in Turkey, June, 2025 The most recent value is 54.56 percent as of Q2 2025, a decline compared to the previous value of 56.86 percent. Historically, the average for Turkey from Q1 1995 to Q2 2025 is 59.41 percent. The minimum of 50.86 percent was recorded in Q3 2021, while the maximum of 68.86 percent was reached in Q4 1998. | TheGlobalEconomy.com

Key information about Turkey Market Capitalization: % of GDP

• Turkey Market Capitalization accounted for 30.9 % of its Nominal GDP in Dec 2024, compared with a percentage of 37.8 % 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 12.3 in Jan 2025
• BIST National 100 closed at 116,524.8 points in Jun 2020

Investment as percent of GDP in Turkey, June, 2025 The most recent value is 31.24 percent as of Q2 2025, an increase compared to the previous value of 30.6 percent. Historically, the average for Turkey from Q1 1995 to Q2 2025 is 26.5 percent. The minimum of 16.77 percent was recorded in Q1 2002, while the maximum of 33.57 percent was reached in Q3 2023. | TheGlobalEconomy.com

Key information about Turkey External Debt: % of GDP

• Turkey External Debt accounted for 45.1 % of the country's Nominal GDP in 2023, compared with the ratio of 50.9 % in the previous year.
• Turkey External Debt: % of Nominal GDP data is updated yearly, available from Dec 1989 to Dec 2023.
• The data reached an all-time high of 59.6 % 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 1.9 USD bn in Oct 2024.
• Foreign Direct Investment (FDI) increased by 770.0 USD mn in Oct 2024.
• Turkey Direct Investment Abroad expanded by 974.0 USD mn in Oct 2024.
• Its Foreign Portfolio Investment increased by 9.3 USD bn in Sep 2024.
• The country's External Debt reached 525,799.9 in Sep 2024.
• The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.

Household debt to GDP, in percent in Turkey, March, 2025 The most recent value is 9.7 percent as of March 2025, no change compared to the previous value of 9.7 percent. Historically, the average for Turkey from March 1999 to March 2025 is 11.58 percent. The minimum of 1.8 percent was recorded in March 1999, while the maximum of 19.5 percent was reached in December 2013. | TheGlobalEconomy.com

GDP (current US$) in Turkey was reported at 1323254808059 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Turkey GDP Nowcast: swda: YoY: Contribution: Production data was reported at 63.335 % in 12 May 2025. This records a decrease from the previous number of 64.198 % for 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Production data is updated weekly, averaging 59.591 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 69.123 % in 21 Dec 2020 and a record low of 0.000 % in 27 May 2019. Turkey GDP Nowcast: swda: YoY: Contribution: Production data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Turkey – Table TR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Minimum data was reported at 1.800 % in Apr 2025. This records a decrease from the previous number of 2.200 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Minimum data is updated monthly, averaging 2.100 % from Aug 2001 (Median) to Apr 2025, with 285 observations. The data reached an all-time high of 7.000 % in Dec 2021 and a record low of -10.600 % in Oct 2001. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Minimum data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S006: Survey of Market Participants: Central Bank of the Republic of Turkey.

Turkey GDP Nowcast: swda: YoY: Contribution: Production: IPI: swda: EA 20 data was reported at 1.282 % in 12 May 2025. This records an increase from the previous number of 0.000 % for 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Production: IPI: swda: EA 20 data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 4.215 % in 24 Mar 2025 and a record low of 0.000 % in 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Production: IPI: swda: EA 20 data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Turkey – Table TR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Turkey GDDS: MV: TRY: Total Economy (TE): OM: ST data was reported at 391,027.890 TRY mn in 09 May 2025. This records an increase from the previous number of 387,590.770 TRY mn for 02 May 2025. Turkey GDDS: MV: TRY: Total Economy (TE): OM: ST data is updated weekly, averaging 16,537.275 TRY mn from Sep 2020 (Median) to 09 May 2025, with 244 observations. The data reached an all-time high of 391,027.890 TRY mn in 09 May 2025 and a record low of 0.000 TRY mn in 02 Aug 2024. Turkey GDDS: MV: TRY: Total Economy (TE): OM: ST data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z024: Government Domestic Debt Securities: TRY.

As of 2025, Turkish Airlines became the biggest public company in Turkey in the Forbes 2000 ranking, with a market value of 11.37 billion U.S. dollars. Koç Holding and Ford Otosan occupied the second and third places in the ranking, with a market value of 9.6 billion and 8.48 billion U.S. dollars, respectively.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Turkey (NAEXKP01TRQ657S) from Q2 1995 to Q2 2025 about Turkey, real, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Turkey (TURGDPRQPSMEI) from Q1 1996 to Q2 2025 about Turkey, real, GDP, and rate.