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 ****** U.S. dollars in 2023. The capital city, Ankara, came third in the ranking, with a GDP per capita of ****** U.S. dollars.

Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Sports data was reported at 0.000 % in 01 Dec 2025. This stayed constant from the previous number of 0.000 % for 24 Nov 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Sports data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 01 Dec 2025, with 361 observations. The data reached an all-time high of 9.774 % in 02 Dec 2019 and a record low of 0.000 % in 01 Dec 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Sports 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).

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.

The gross domestic product per capita varied between regions of Turkey, especially when comparing the Western and Eastern parts of the country. The TR10 Istanbul region consistently produced more GDP, totaling over **** thousand U.S. dollars per capita in 2022. TRC2 Şanlıurfa, Diyarbakır was the least prosperous region, recording only *** thousand U.S. dollars of GDP per capita.

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.

Real-time forecasting model for Turkey GDP growth. Current economic growth analysis with nowcast methodology developed by CEFIS.

The tourism sector GDP share in Turkey was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Romania and Croatia.

Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Basic Metal data was reported at 0.000 % in 12 May 2025. This records a decrease from the previous number of 2.147 % for 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Basic Metal 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 5.960 % in 28 Mar 2022 and a record low of 0.000 % in 12 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Basic Metal 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).

Includings

1. Kiosks

2. Fuel Stations

3. Parking lots

4. Wifi Hotspots

Description

GDP data is gathered from Istanbul Municipality Public Dataset. Data may be used for academic research or for self-learn.

Possible Usage

Data can be used for processing, analyzing, and visualizing locations for various data with geolocations.

License

License of the dataset can be found here

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

• 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

This study employs the Economic Complexity Index (ECI) and the Economic Fitness Index (EFI) as two different measures of economic complexity. The ECI is based on the methodology developed by Hausmann et al. (2014b), while the EFI was introduced by Tacchella et al. (2012) and later improved by Servedio et al. (2018) and Operti et al. (2018).
We used the International Trade Database at the Product Level (BACI) to determine global product complexities. The BACI dataset includes detailed export data for over 200 countries and territories. To ensure accuracy and eliminate fluctuations in export data, Hidalgo (2021) recommends excluding countries with exports of less than 1 billion US dollars, countries with a population of less than 1 million, and products with a global export value of less than 500 million US dollars from the dataset. To avoid endogeneity issues, we followed Boschma et al. (2013) and excluded Turkey from the sample. After cleaning the data in accordance with Hidalgo (2021) and Boschma et al. (2013), we calculated global product complexities for 124 to 141 countries from 2007 to 2020. Since foreign trade statistics of provinces obtained from TURKSTAT are classified according to Standard International Trade Classification (SITC revision 3) at 4-digit codes, we converted BACI dataset based on Harmonized System (HS) classification using Eurostat Metadata Server (RAMON) conversion tables.

Variables: countrycode: NUTS-3 codes of provinces country: Provinces id: identification numbers (given by the authors) gdpper: Real GDP per capita. dist: Distance of provinces from Istanbul in kilometers
eci: Economic Complexity Index (Hidalgo et al. 2014) fit: Economic Fitness Index (Tacchella et al. 2012, Servedio et a. 2018, Operti et al. 2018). ind_elec_cons: Ratio of industrial electricity consumption to total electricity consumption. education: Percentage of high school, faculty, master, and doctorate graduates in the population aged 15 and over. reer: Real Effective Exchange Rate. openness: Share of province-level exports and imports on total provincial GDP. ethnicity: is calculated as the average of the votes received by Kurdish political parties in the provinces. secim: An alternative for ethnicity. Calculated as the the ratio of the number of municipalities won by Kurdish political party mayoral candidates to the total number of municipalities in each province. East: A dummy variable for the provinces located to the east of the capital city, Ankara, are considered as eastern provinces and are labeled as 1, while the provinces located to the west are labeled as 0 and considered as western provinces. onuc: A dummy variable for 13 provinces that are in the scope of cross-border trade regulation are labeled as 1.

The statistic shows the total population of Turkey from 2020 to 2024, with projections up until 2030. In 2024, the total population of Turkey amounted to about 86.03 million people. Population of Turkey Although total population increased on a yearly basis from 2004 to 2014, population growth has slowly decreased annually as of 2011, despite remaining positive. However, in 2012, population growth increased, compared to the previous year for the first time in over a decade. The country’s fertility rate, on the other hand, continued to drop annually since 2002. Life expectancy was also rather low, however this value appears to be irrelative to how developed a country actually is, especially when considering the life expectancy of many other advanced countries. From an economic standpoint, Turkey has been noticeably improving, especially in comparison to 2008. One improved aspect can be found in the country’s employment rate. In 2009, unemployment reached a decade high but dropped dramatically yearly until 2012. However since 2012, the unemployment rate has started to increase again, with this trend continuing into 2014. Turkey’s inflation rate, on the other hand, reached a decade low in 2014 compared to 2013, despite continuous fluctuations since 2008. The country’s GDP has also reached a decade high in 2014, more than doubling its value since 2004, despite a significant plunge in 2009. When analyzing year-over -year trends, GDP has continued to positively grow since 2009, however has slowed down since 2012.

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Turkey Construction Market Size 2024-2028

The turkey construction market size is forecast to increase by USD 68.3 billion, at a CAGR of 5.96% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for real estate properties. This trend is fueled by both domestic and foreign investors seeking opportunities in Turkey's thriving economy. Another key driver is the government's focus on building earthquake-resilient structures, which is leading to increased investment in advanced construction technologies and materials. However, the market faces challenges as well. The rising cost of construction materials, particularly steel and cement, poses a significant obstacle for construction firms, potentially increasing project costs and impacting profitability. To capitalize on market opportunities and navigate these challenges effectively, companies must stay informed of the latest construction trends and technologies, while also exploring cost-effective solutions for sourcing construction materials. Additionally, collaborating with local partners and suppliers can help mitigate risks and ensure regulatory compliance, ultimately positioning firms for long-term success in Turkey's dynamic construction market.

What will be the size of the Turkey Construction Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The construction industry in Turkey is experiencing dynamic changes, driven by various factors. Research indicates that maintenance and supervision are critical challenges, necessitating innovative solutions. Construction technology adoption, including data analytics and testing, is transforming project management and inspection processes. Building retrofit and adaptive reuse are gaining traction, contributing to the industry's future growth. Sustainable construction practices, green building design, and infrastructure maintenance are key trends, driven by policy and regulatory requirements. Specialty contracting and consulting services are essential for addressing complex projects. Construction economic outlook remains positive, with opportunities in general contracting, repair, and demolition. The industry's future hinges on workforce development, innovation, and compliance with regulations. Construction services, from project management to inspection, are evolving to meet these challenges and opportunities.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. SectorPrivatePublicEnd-userResidentialInfrastructureCommercialGeographyMiddle East and AfricaTurkey

By Sector Insights

The private segment is estimated to witness significant growth during the forecast period.

The Turkish construction market witnesses dynamic activity and trends, driven largely by the private sector. This segment plays a pivotal role in shaping the industry's landscape, offering various services and projects throughout the country. Employment generation and economic growth are significant outcomes of this sector's growth. High-rise buildings, a notable contribution, are increasingly popular in major cities like Istanbul, Ankara, and Izmir. Sustainable and energy-efficient practices, such as LEED certification and green building, are gaining traction in residential and commercial construction. Construction automation, project management, and digital transformation are key trends, with the adoption of construction management software, building information modeling, and robotics in construction. Real estate development, infrastructure projects, and industrial construction are other thriving sectors, with safety regulations, building codes, and quality control ensuring the highest standards. Construction audits, waste management, and recycling initiatives contribute to cost savings and sustainability. Construction financing, permits, and contracts are streamlined through innovative methods, enabling efficient and effective project execution. The market is characterized by continuous innovation, with precast concrete, structural steel, and 3D modeling being widely used. Skilled labor and workforce management are essential components of the industry, with quality assurance and safety regulations ensuring the delivery of top-notch projects. Infrastructure development, including bridge construction and highway construction, is ongoing, driving the demand for heavy equipment and construction machinery. Environmental regulations and sustainability are increasingly important, with the use of sustainable construction materials and a focus on energy efficiency. Construction risk management and safety standards

İstanbul Bilgi Üniversitesi bünyesindeki CEFIS, ekonomi ve finans alanında araştırma, analiz ve eğitim faaliyetleri yürütmektedir.

In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Electricity data was reported at 0.000 % in 01 Dec 2025. This stayed constant from the previous number of 0.000 % for 24 Nov 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Electricity data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 01 Dec 2025, with 361 observations. The data reached an all-time high of 3.737 % in 12 Feb 2024 and a record low of 0.000 % in 01 Dec 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Electricity 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).

In 2024, Russia had the largest population among European countries at ***** million people. The next largest countries in terms of their population size were Turkey at **** million, Germany at **** million, the United Kingdom at **** million, and France at **** million. Europe is also home to some of the world’s smallest countries, such as the microstates of Liechtenstein and San Marino, with populations of ****** and ****** respectively. Europe’s largest economies Germany was Europe’s largest economy in 2023, with a Gross Domestic Product of around *** trillion Euros, while the UK and France are the second and third largest economies, at *** trillion and *** trillion euros respectively. Prior to the mid-2000s, Europe’s fourth-largest economy, Italy, had an economy that was of a similar sized to France and the UK, before diverging growth patterns saw the UK and France become far larger economies than Italy. Moscow and Istanbul the megacities of Europe Two cities on the eastern borders of Europe were Europe’s largest in 2023. The Turkish city of Istanbul, with a population of 15.8 million, and the Russian capital, Moscow, with a population of 12.7 million. Istanbul is arguably the world’s most famous transcontinental city with territory in both Europe and Asia and has been an important center for commerce and culture for over 2,000 years. Paris was the third largest European city with a population of ** million, with London being the fourth largest at *** million.

Inflation Rate in Turkey decreased to 32.87 percent in October from 33.29 percent in September of 2025. This dataset provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Construction data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Construction 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 5.264 % in 29 Jul 2019 and a record low of 0.000 % in 12 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Equity Market: Borsa Istanbul: Index: BIST Construction 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).

Il Prodotto Interno Lordo pro capite in Turchia è stato registrato per l'ultima volta a 15147,84 dollari statunitensi nel 2024. Il PIL pro capite in Turchia è equivalente al 120 percento della media mondiale. Questa pagina fornisce il valore più recente riportato per il PIL pro capite della Turchia, oltre alle pubblicazioni precedenti, il massimo e il minimo storico, le previsioni a breve termine e le previsioni a lungo termine, il calendario economico, il consenso degli esperti e le notizie.