In 2023, Turkish people with a doctoral or equivalent educational level reached the highest employment rate, measuring at 91 percent. At the same time, only about half of the population with below upper secondary level as their highest level of education were employed.

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 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: Shadow economy, percent of GDP: The latest value from 2015 is 27.43 percent, a decline from 27.45 percent in 2014. In comparison, the world average is 27.78 percent, based on data from 158 countries. Historically, the average for Turkey from 1991 to 2015 is 31.38 percent. The minimum value, 27.33 percent, was reached in 2013 while the maximum of 35.99 percent was recorded in 1991.

Turkey TR: Potential Output of Total Economy data was reported at 73,003.350 TRY bn in 2026. This records an increase from the previous number of 58,934.315 TRY bn for 2025. Turkey TR: Potential Output of Total Economy data is updated yearly, averaging 1,579.997 TRY bn from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 73,003.350 TRY bn in 2026 and a record low of 70.238 TRY bn in 1998. Turkey TR: Potential Output 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. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation

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.

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.

• 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.

Turkey TR: GDP: USD data was reported at 851.102 USD bn in 2017. This records a decrease from the previous number of 863.722 USD bn for 2016. Turkey TR: GDP: USD data is updated yearly, averaging 98.998 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 950.579 USD bn in 2013 and a record low of 8.022 USD bn in 1961. Turkey TR: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Description

Turkey - Economic, Social, Environmental, Health, Education, Development and Energy

Summary

Original Title: Turkey - Economic, Social, Environmental, Health, Education, Development and Energy

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Methodology - Registry

Source: https://data.humdata.org/dataset/world-bank-combined-indicators-for-turkey
Last updated at https://data.humdata.org/organization/hdx : 2019-11-22

License -
Creative Commons Attribution for Intergovernmental Organisations

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Turkey: Informal economy, DGE method: The latest value from 2020 is 24.2 percent, a decline from 24.7 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Turkey from 1990 to 2020 is 30.74 percent. The minimum value, 24.2 percent, was reached in 2020 while the maximum of 38.4 percent was recorded in 1990.

Turkey TR: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 5.779 % in 2017. This records an increase from the previous number of 1.573 % for 2016. Turkey TR: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 3.159 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 9.475 % in 2011 and a record low of -7.356 % in 2001. Turkey TR: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Turkey recorded a trade deficit of 7579.90 USD Million in October of 2025. This dataset provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey: Informal economy, MIMIC method: The latest value from 2020 is 31 percent, unchanged from 31 percent in 2019. In comparison, the world average is 32.74 percent, based on data from 158 countries. Historically, the average for Turkey from 1993 to 2020 is 31.8 percent. The minimum value, 30.4 percent, was reached in 2017 while the maximum of 33.1 percent was recorded in 2009.

View yearly updates and historical trends for Turkey GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data with YCharts analyti…

Tourism Revenues in Turkey increased to 24300 USD Million in the third quarter of 2025 from 16280 USD Million in the second quarter of 2025. This dataset provides - Turkey Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 November of 2025.

Turkey TR: Imports: Goods: by Reporting Economy data was reported at 198.618 USD bn in 2016. This records a decrease from the previous number of 207.236 USD bn for 2015. Turkey TR: Imports: Goods: by Reporting Economy data is updated yearly, averaging 14.695 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 251.661 USD bn in 2013 and a record low of 467.700 USD mn in 1960. Turkey TR: Imports: Goods: by Reporting Economy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Imports. Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Sum;

The statistic shows the national debt of Turkey from 2020 to 2023 in relation to the gross domestic product (GDP), with projections up until 2030. The data relate to the entire Turkish state and include government debt and the debt of the provinces, municipalities, communes as well as social security. In 2023, Turkey's national debt amounted to around 29.26 percent of the GDP. Turkey's economic situation Based on the current state of its economy, Turkey is defined as an emerging market and one of the newly industrialized countries in the world. Turkey is identified as one of the members of the G-20 major economies and is also a member of the EU Customs Union, allowing for custom-free trade amongst all member states. Like every other country's economy, Turkey’s economy is primarily made up of three different sectors; agriculture, industry and services. Over the past decade, Turkey has shifted more focus to its services sector, most notably tourism, communications and transport, while slightly decreasing its dependency on the agricultural and industrial aspects. While many other countries have struggled to recover from the 2008 global financial crisis as well as the Eurozone crisis, the Turkish economy returned to its pre-crisis form in several years and has since seen exponential economic growth and higher productivity and efficiency, more than double the amount compared to a decade prior. With regards to total GDP, government spending within the country has remained relatively low and has remained stable over the past decade, in comparison to developed EU countries, which may be spending more than they can afford.

Turkey: Inflation forecast: The latest value from 2030 is 15 percent, unchanged from 15 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Turkey from 1986 to 2030 is 36.36 percent. The minimum value, 6.16 percent, was reached in 2012 while the maximum of 115.7 percent was recorded in 1994.

Turkey TR: GDP data was reported at 3,104,906.706 TRY mn in 2017. This records an increase from the previous number of 2,608,525.749 TRY mn for 2016. Turkey TR: GDP data is updated yearly, averaging 178.274 TRY mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 3,104,906.706 TRY mn in 2017 and a record low of 0.068 TRY mn in 1960. Turkey TR: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;