59 datasets found
  1. Gross domestic product (GDP) in Turkey 2029

    • statista.com
    Updated Jan 9, 2025
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    Statista (2025). Gross domestic product (GDP) in Turkey 2029 [Dataset]. https://www.statista.com/statistics/263757/gross-domestic-product-gdp-in-turkey/
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    Dataset updated
    Jan 9, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    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 2023, GDP in Turkey amounted to around 1,129.97 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.

  2. Gross domestic product (GDP) per capita in Turkey 2029

    • statista.com
    Updated Nov 29, 2024
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    Statista (2024). Gross domestic product (GDP) per capita in Turkey 2029 [Dataset]. https://www.statista.com/statistics/263599/gross-domestic-product-gdp-per-capita-in-turkey/
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    Dataset updated
    Nov 29, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    The statistic shows the gross domestic product (GDP) per capita in Turkey from 1987 to 2023, with projections up until 2029. 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 2023, the GDP per capita in Turkey was estimated to be around 13,235.88 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.

  3. T

    Turquia Pib Per Capita

    • ceicdata.com
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    CEICdata.com, Turquia Pib Per Capita [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/gdp-per-capita
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2013 - Dec 1, 2024
    Area covered
    Türkiye
    Description

    Os dados de Pib Per Capita da Turquia foram registrados em 15,463.390 USD em 2024. Este é um registro de um aumento com relação aos números anteriores de 13,243.434 USD em 2023. Os dados de Pib Per Capita da Turquia são atualizados anualmente, com uma média de 9,735.458 USD em 1998 até 2024, com 27 observações. Os dados alcançaram um alto recorde de 15,463.390 USD em 2024 e um baixo recorde de 3,107.502 USD em 2001. Os dados de Pib Per Capita da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: GDP Per Capita: USD: Annual.

  4. T

    Turkey GDP per capita PPP

    • pt.tradingeconomics.com
    • hu.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Dec 1, 2024
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    TRADING ECONOMICS (2024). Turkey GDP per capita PPP [Dataset]. https://pt.tradingeconomics.com/turkey/gdp-per-capita-ppp
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Dec 1, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2023
    Area covered
    Türkiye
    Description

    Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Turquia - PIB per capita PPP. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Turquia - PIB per capita PPP.

  5. T

    Turkey GDP From Services

    • pt.tradingeconomics.com
    • tr.tradingeconomics.com
    • +17more
    csv, excel, json, xml
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    TRADING ECONOMICS, Turkey GDP From Services [Dataset]. https://pt.tradingeconomics.com/turkey/gdp-from-services
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    xml, csv, json, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1998 - Dec 31, 2024
    Area covered
    Türkiye
    Description

    O PIB dos Serviços na Turquia aumentou para 164.040.457 mil milhões de TRY no quarto trimestre de 2024, em comparação com 151.746.696 mil milhões de TRY no terceiro trimestre de 2024. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Turquia - PIB Serviços.

  6. T

    Turkey GDP per Capita

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Turkey GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/turkey/gdp-per-capita
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2013 - Dec 1, 2024
    Area covered
    Türkiye
    Description

    Key information about Turkey GDP Per Capita

    • Turkey Gross Domestic Product (GDP) per Capita reached 15,463.390 USD in Dec 2024, compared with 13,243.434 USD in Dec 2023.
    • Turkey GDP Per Capita data is updated yearly, available from Dec 1998 to Dec 2024, with an average number of 9,735.458 USD.
    • The data reached an all-time high of 15,463.390 USD in Dec 2024 and a record low of 3,107.502 in Dec 2001.
    • The Turkish Statistical Institute provides GDP per Capita in USD.


    Related information about Turkey GDP Per Capita data

    • In the latest reports, Turkey GDP expanded 4.030 % YoY in Mar 2023.
    • Turkey Nominal GDP reached 245.496 USD bn in Mar 2023.
    • Its GDP deflator (implicit price deflator) increased 77.252 % in Mar 2023.
    • Gross Savings Rate of Turkey was measured at 23.937 % in Dec 2024.

  7. Share of the GDP of the tourism sector in Turkey 2013-2028

    • statista.com
    Updated Mar 3, 2025
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    Statista (2025). Share of the GDP of the tourism sector in Turkey 2013-2028 [Dataset]. https://www.statista.com/forecasts/1152997/tourism-sector-gdp-share-forecast-in-turkey
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    Dataset updated
    Mar 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    The tourism sector GDP share in Turkey was forecast to continuously increase between 2023 and 2028 by in total 3.9 percentage points. The share is estimated to amount to 12.65 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 150 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.

  8. T

    Turkey GDP From Public Administration Education Human Health and Social Work...

    • es.tradingeconomics.com
    • ru.tradingeconomics.com
    • +17more
    csv, excel, json, xml
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    TRADING ECONOMICS, Turkey GDP From Public Administration Education Human Health and Social Work Activities [Dataset]. https://es.tradingeconomics.com/turkey/gdp-from-public-administration
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    excel, xml, csv, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1998 - Sep 30, 2024
    Area covered
    Turquía
    Description

    Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Turquía - PIB de la Administración Pública.

  9. Share of economic sectors in gross domestic product in Turkey 2013-2023

    • statista.com
    Updated Jan 30, 2025
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    Statista (2025). Share of economic sectors in gross domestic product in Turkey 2013-2023 [Dataset]. https://www.statista.com/statistics/255494/share-of-economic-sectors-in-the-gross-domestic-product-in-turkey/
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    Dataset updated
    Jan 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    This statistic shows the share economic sectors in gross domestic product (GDP) in Turkey from 2013 to 2023. In 2023, agriculture contributed 6.16 percent to GDP, while industry and services accounted for 28.38 percent and 54.13 percent respectively.

  10. National debt in Turkey in relation to gross domestic product (GDP) 2029

    • statista.com
    Updated Jan 14, 2025
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    Statista (2025). National debt in Turkey in relation to gross domestic product (GDP) 2029 [Dataset]. https://www.statista.com/statistics/277040/national-debt-in-turkey-in-relation-to-gross-domestic-product-gdp/
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    Dataset updated
    Jan 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    The statistic shows the national debt of Turkey from 2019 to 2023 in relation to the gross domestic product (GDP), with projections up until 2029. 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.

  11. T

    Turquia Crescimento Nominal do PIB

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Turquia Crescimento Nominal do PIB [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/nominal-gdp-growth
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Türkiye
    Description

    Os dados de Crescimento Nominal do PIB da Turquia foram registrados em 48.974 % em 2024-12. Este registro de uma queda com relação aos números anteriores de 53.569 % em 2024-09. Os dados de Crescimento Nominal do PIB da Turquia são atualizados trimestral, com uma média de 19.171 % em 1999-03 até 2024-12, com 104 observações. Os dados alcançaram um alto recorde de 120.982 % em 2022-09 e um baixo recorde de -3.410 % em 2009-06. Os dados de Crescimento Nominal do PIB da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

  12. T

    Turkey GDP Deflator

    • es.tradingeconomics.com
    • da.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Feb 15, 2025
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    TRADING ECONOMICS (2025). Turkey GDP Deflator [Dataset]. https://es.tradingeconomics.com/turkey/gdp-deflator
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1998 - Dec 31, 2024
    Area covered
    Turquía
    Description

    El deflactor del PIB en Turquía aumentó a 243,40 puntos en el tercer trimestre de 2024 desde los 216,10 puntos en el segundo trimestre de 2024. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Turquía - PIB - Deflactor.

  13. Travel and tourism's total contribution to GDP in Turkey 2019-2023

    • statista.com
    Updated Aug 26, 2024
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    Statista (2024). Travel and tourism's total contribution to GDP in Turkey 2019-2023 [Dataset]. https://www.statista.com/statistics/644846/travel-tourism-total-gdp-contribution-turkey/
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    Dataset updated
    Aug 26, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Türkiye
    Description

    In 2023, travel and tourism in the country generated, directly and indirectly, 131.4 billion U.S. dollars. The estimated contribution of the travel and tourism industry to GDP is 135.5 U.S. dollars in 2024. It is forecast for the contribution of travel and tourism to Turkey's GDP to rise even more by 2034.

  14. T

    Turquia Investimento:% do PIB

    • ceicdata.com
    + more versions
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    Turquia Investimento:% do PIB [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/investment--nominal-gdp
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Türkiye
    Description

    Os dados de Investimento:% do PIB da Turquia foram registrados em 24.2 % em 2024-12. Este é um registro de um aumento com relação aos números anteriores de 24.2 % em 2024-09. Os dados de Investimento:% do PIB da Turquia são atualizados trimestral, com uma média de 27.8 % em 1998-03 até 2024-12, com 108 observações. Os dados alcançaram um alto recorde de 37.8 % em 2022-03 e um baixo recorde de 12.7 % em 1999-03. Os dados de Investimento:% do PIB da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Investment: % of Nominal GDP: Quarterly.

  15. Turquia PIB nominal

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Turquia PIB nominal [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/nominal-gdp
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2020 - Mar 1, 2023
    Area covered
    Türkiye
    Description

    Os dados de PIB nominal da Turquia foram registrados em 245.5 USD bn em 2023-03. Este registro de uma queda com relação aos números anteriores de 257.9 USD bn em 2022-12. Os dados de PIB nominal da Turquia são atualizados trimestral, com uma média de 183.2 USD bn em 1998-03 até 2023-03, com 101 observações. Os dados alcançaram um alto recorde de 257.9 USD bn em 2022-12 e um baixo recorde de 48.2 USD bn em 2001-12. Os dados de PIB nominal da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Nominal GDP: USD: Quarterly.

  16. T

    Turquia Dívida privada:% do PIB nominal

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Turquia Dívida privada:% do PIB nominal [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/private-debt--of-nominal-gdp
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Türkiye
    Description

    Os dados de Dívida privada:% do PIB nominal da Turquia foram registrados em 28.53 % em 2024-12. Este registro de uma queda com relação aos números anteriores de 29.55 % em 2024-09. Os dados de Dívida privada:% do PIB nominal da Turquia são atualizados trimestral, com uma média de 33.59 % em 1998-12 até 2024-12, com 105 observações. Os dados alcançaram um alto recorde de 58.70 % em 2020-09 e um baixo recorde de 8.77 % em 2002-09. Os dados de Dívida privada:% do PIB nominal da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Private Debt: % of Nominal GDP: Quarterly.

  17. T

    Turquia Dívida externa:% do PIB

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com, Turquia Dívida externa:% do PIB [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/external-debt--of-nominal-gdp
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Türkiye
    Description

    Os dados de Dívida externa:% do PIB da Turquia foram registrados em 45.1 % em 2023. Este registro de uma queda com relação aos números anteriores de 50.9 % em 2022. Os dados de Dívida externa:% do PIB da Turquia são atualizados anualmente, com uma média de 40.5 % em 1989 até 2023, com 35 observações. Os dados alcançaram um alto recorde de 59.6 % em 2020 e um baixo recorde de 26.1 % em 1990. Os dados de Dívida externa:% do PIB da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: External Debt: % of Nominal GDP: Annual.

  18. T

    Turquia Dívida externa: curto prazo:% do PIB

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Turquia Dívida externa: curto prazo:% do PIB [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/external-debt-short-term--of-nominal-gdp
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Türkiye
    Description

    Os dados de Dívida externa: curto prazo:% do PIB da Turquia foram registrados em 15.9 % em 2023. Este registro de uma queda com relação aos números anteriores de 16.6 % em 2022. Os dados de Dívida externa: curto prazo:% do PIB da Turquia são atualizados anualmente, com uma média de 9.5 % em 1989 até 2023, com 35 observações. Os dados alcançaram um alto recorde de 16.6 % em 2022 e um baixo recorde de 5.4 % em 1989. Os dados de Dívida externa: curto prazo:% do PIB da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: External Debt: Short Term: % of Nominal GDP: Annual.

  19. T

    Turquia Crescimento do Deflator do PIB

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
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    CEICdata.com (2025). Turquia Crescimento do Deflator do PIB [Dataset]. https://www.ceicdata.com/pt/indicator/turkey/gdp-deflator-growth
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2020 - Dec 1, 2022
    Area covered
    Türkiye
    Description

    Os dados de Crescimento do Deflator do PIB da Turquia foram registrados em 99.1 % em 2022-12. Este registro de uma queda com relação aos números anteriores de 112.3 % em 2022-09. Os dados de Crescimento do Deflator do PIB da Turquia são atualizados trimestral, com uma média de 10.8 % em 1999-03 até 2022-12, com 96 observações. Os dados alcançaram um alto recorde de 112.3 % em 2022-09 e um baixo recorde de 2.7 % em 2009-09. Os dados de Crescimento do Deflator do PIB da Turquia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: GDP Deflator: Y-o-Y Growth: Quarterly.

  20. T

    Turkey GDP Growth Rate

    • es.tradingeconomics.com
    • tr.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 4, 2024
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    TRADING ECONOMICS (2024). Turkey GDP Growth Rate [Dataset]. https://es.tradingeconomics.com/turkey/gdp-growth
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    xml, csv, json, excelAvailable download formats
    Dataset updated
    Mar 4, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1998 - Dec 31, 2024
    Area covered
    Turquía
    Description

    El Producto Interno Bruto (PIB) de Turquía se expandió un 1.70 por ciento en el cuarto trimestre de 2024 con respecto al trimestre anterior. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Turquía - PIB - Tasa de crecimiento trimestral.

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Statista (2025). Gross domestic product (GDP) in Turkey 2029 [Dataset]. https://www.statista.com/statistics/263757/gross-domestic-product-gdp-in-turkey/
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Gross domestic product (GDP) in Turkey 2029

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8 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jan 9, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Türkiye
Description

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 2023, GDP in Turkey amounted to around 1,129.97 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.

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