The Gross Domestic Product per capita in Turkey was last recorded at 14713.57 US dollars in 2023. The GDP per Capita in Turkey is equivalent to 117 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 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.

The Gross Domestic Product per capita in Turkey was last recorded at 34251.58 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Turkey, when adjusted by Purchasing Power Parity is equivalent to 193 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP per capita (current US$) in Turkey was reported at 13106 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

GDP per capita growth (annual %) in Turkey was reported at 4.6849 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The gross domestic product (GDP) per capita in Armenia was estimated at about 8.61 thousand U.S. dollars in 2024. Between 1992 and 2024, the GDP per capita rose by approximately 8.58 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 2.62 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

GDP per capita (current LCU) in Turkey was reported at 311110 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

GDP per capita, PPP (current international $) in Turkey was reported at 42326 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data was reported at 37,285.858 USD in 2026. This records an increase from the previous number of 36,197.577 USD for 2025. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data is updated yearly, averaging 14,325.160 USD from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 37,285.858 USD in 2026 and a record low of 7,725.042 USD in 1970. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD 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: Per Capita: Forecast: OECD Member: Annual.

The gross domestic product per capita varied between provinces of Turkey. Under the observed period, Istanbul generally registered the highest GDP per capita. However, from 2021, Kocaeli ranked first, with its GDP per capita totaling almost 22,000 U.S. dollars in 2023. The capital city, Ankara, came third in the ranking, with a GDP per capita of 18,655 U.S. dollars.

GDP per capita (constant LCU) in Turkey was reported at 26141 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita (constant LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

As of 2025, there are nine official candidate countries for membership in the European Union, as well as Kosovo identified by the European Commission as a potential future candidate. A key element of the Copenhagen Criteria - the conditions which must be fulfilled to join the EU - is the existence of a functioning market economy in the candidate country, with the ability of the country to handle the strong competition and economic pressures which come with joining the European Single Market. While the political and administrative/institutional criteria have been considered the key stumbling block which has prevented the current candidate countries from progressing towards full membership, the current state of the economies of candidate countries is also a cause for concern. According to the most recently available data, all candidate countries have lower GDP per capita than even the poorest EU member state, Bulgaria. Ukraine, the newest candidate country, which was granted candidate status by the EU in response to Russia's invasion of the country in 2022, is the poorest candidate country, as measured by GDP per capita. This represents a serious issue, as the EU has never incorporated a country which is so far from the average economic standards of the Union. On the other hand, the chance to join the EU could provide an economic boost to Ukraine, or any other candidate country, as can be seen with the fast rising GDP per capita of countries which have joined the EU since 2004, such as Czechia, Hungary, and Poland.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

GDP per capita, PPP (constant 2017 international $) in Turkey was reported at 34283 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

GDP per person employed (constant 2017 PPP $) in Turkey was reported at 90796 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Turkey amounted to about 1.77 percent in 2024. From 1980 to 2024, the share rose by approximately 0.55 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the share will rise by around 0.04 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Key information about Turkey Household Debt: % of GDP

• Turkey household debt accounted for 10.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 10.3 % in the previous quarter.
• Turkey household debt to GDP ratio is updated quarterly, available from Dec 2014 to Sep 2024.
• The data reached an all-time high of 19.1 % in Mar 2015 and a record low of 10.0 % in Sep 2024.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Central Bank of the Republic of Turkey provides Household Debt in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Related information about Turkey Household Debt: % of GDP

• In the latest reports, Turkey Household Debt reached 106.7 USD bn in Dec 2024.
• Money Supply M2 in Turkey increased 28.7 % YoY in Dec 2024.
• Turkey Foreign Exchange Reserves was measured at 83.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 3.1 Months of Import in Jan 2025.
• Turkey Domestic Credit reached 587.6 USD bn in Dec 2024, representing an increased of 38.2 % YoY.
• The country's Non Performing Loans Ratio stood at 1.8 % in Dec 2024, compared with the ratio of 1.8 % in the previous month.

TR: DG ECFIN Forecast: GDP: GFCF: Private data was reported at 22,127.070 TRY bn in 2026. This records an increase from the previous number of 17,323.530 TRY bn for 2025. TR: DG ECFIN Forecast: GDP: GFCF: Private data is updated yearly, averaging 878.270 TRY bn from Dec 2009 (Median) to 2026, with 18 observations. The data reached an all-time high of 22,127.070 TRY bn in 2026 and a record low of 185.710 TRY bn in 2009. TR: DG ECFIN Forecast: GDP: GFCF: Private data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s Turkey – Table TR.DG ECFIN.AMECO: GDP: Gross Fixed Capital Formation: Current Price: Forecast.

The statistic shows the average inflation rate in Turkey from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Turkey was at around 58.51 percent compared to the previous year. Turkey’s economy With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide. Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods. Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations. A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.

From January 24, 2022, to February 28, 2025, the European Union (EU) institutions, such as the Commission and the EU Council, provided around 52.1 billion euros in bilateral financial, humanitarian, and military aid to Ukraine in view of the Russian invasion that started in February 2022. The highest value of allocations was recorded from the United States at over 114 billion euros. U.S. aid to Ukraine As of February 28, 2025, the value of U.S. bilateral aid allocations to Ukraine represented 0.53 percent of 2021 donor GDP. The U.S. donated the largest amount of bilateral military, financial, and humanitarian aid to Ukraine. Generally, U.S. foreign aid to Ukraine has increased since 2015. Where does military aid to Ukraine come from? The U.S., Germany, the United Kingdom (UK), and Denmark were the largest suppliers of military aid to Ukraine. In monetary terms, the U.S. bilateral military assistance to the country reached approximately 64.6 billion euros as of February 28, 2025. As part of that aid, the U.S. transported over 7,700 air defense missiles and over 1,600 air defense systems to Ukraine and other European partners as of January 2025. Furthermore, the U.S. delivered the most units of M777 howitzer artillery to the country.