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.

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.

Historical chart and dataset showing Turkey GDP by year from 1960 to 2023.

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: GDP: Growth: Gross Value Added: Services data was reported at 3.155 % in 2016. This records a decrease from the previous number of 5.618 % for 2015. Turkey TR: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 5.790 % from Dec 1969 (Median) to 2016, with 48 observations. The data reached an all-time high of 13.183 % in 1987 and a record low of -4.340 % in 1994. Turkey TR: GDP: Growth: Gross Value Added: Services 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

Tourism Revenues in Turkey decreased to 9451 USD Million in the first quarter of 2025 from 13788 USD Million in the fourth quarter of 2024. This dataset provides - Turkey Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Turkey Real GDP Growth

• The Gross Domestic Product (GDP) in Turkey expanded 3.5 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter.
• Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1999 to Dec 2022, with an average rate of 6.1 %.
• The data reached an all-time high of 22.2 % in Jun 2021 and a record low of -14.5 % in Mar 2009.

• In the latest reports, Nominal GDP of Turkey reached 257.9 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 99.1 % in Dec 2022.
• GDP Per Capita in Turkey reached 10,655.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 29.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Dec 2022.
• Public Consumption accounted for 12.8 % in Dec 2022.
• Private Consumption accounted for 58.0 % in Dec 2022.

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 July of 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;

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.

Claims on other sectors of the domestic economy (% of GDP) in Turkey was reported at 45.41 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Claims on other sectors of the domestic economy (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Turkey recorded a trade deficit of 8200 USD Million in June 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, 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.

The statistic shows the unemployment rate in Turkey from 1999 to 2023. In 2023, the unemployment rate in Turkey was at about 9.39 percent. Trade in Turkey Turkey is a growing market and recognized as one of the world’s newest industrialized countries. Partially due Turkey’s fast growing economy, the country was able to save up and maintain a relatively large currency reserve. Currency reserves are most important in dire financial situations. Turkey is also a member of the G-20 major economies and the EU Customs Union, an organization made up of EU countries as well as neighboring countries that essentially allow no customs to be levied on goods being traded within the borders of these countries. As a result, a large percentage of goods imported and exported were going to and coming from countries within the custom borders. However, many Turkish officials believed that it was necessary to expand exports beyond westernized countries in order to further develop the country’s trade sector, and for this reason, trades with countries such as Iran and Iraq. Primary imports into Turkey consist of machinery, chemicals, semi-finished goods, fuels and transport equipment. Additionally, a large part of those imports are made up of cotton, with Turkey being one of the largest importers of cotton in the world. Due to large imports and struggles with its exports, Turkey reported a trade deficit every year over the past decade with increasing difficulties to attain a trade surplus.

Turkey: Economic decline index, 0 (low) - 10 (high): The latest value from 2024 is 7.5 index points, an increase from 6.9 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Turkey from 2007 to 2024 is 5.27 index points. The minimum value, 4.5 index points, was reached in 2018 while the maximum of 7.5 index points was recorded in 2024.

Turkey TR: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region data was reported at 13.153 % in 2016. This records a decrease from the previous number of 15.924 % for 2015. Turkey TR: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region data is updated yearly, averaging 4.284 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 23.899 % in 2008 and a record low of 0.533 % in 1962. Turkey TR: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region 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: Imports. Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

Turkey TR: GDP: Growth: GNI per Capita data was reported at 5.549 % in 2017. This records an increase from the previous number of 1.624 % for 2016. Turkey TR: GDP: Growth: GNI per Capita data is updated yearly, averaging 4.189 % from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 9.468 % in 2011 and a record low of -8.336 % in 2001. Turkey TR: GDP: Growth: GNI per 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 GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Exports in Turkey decreased to 20500 USD Million in June from 24816.80 USD Million in May of 2025. This dataset provides the latest reported value for - Turkey Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Production: Construction: Total for Turkey (TURPRCNTO01GYSAQ) from Q1 1999 to Q1 2025 about Turkey, construction, and production.