As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five lira. By March 17, 2025, one U.S. dollar was worth approximately 36.64. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different than an annual measure at point in time, which reflects concrete values as of end of the year.

Reaching nearly 20 Turkish lira per one single euri, the EUR/TRY exchange rate increased well into 2022. As of March 17, 2025, the exchange rate reached approximately 39.87 Turkish lira. The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different from the standardized measure; calculation of average based on observations throughout the period in question.

The gross national savings rate in Turkey was forecast to continuously increase between 2024 and 2029 by in total 1.8 percentage points. After the sixth consecutive increasing year, the savings rate is estimated to reach 22.68 percent and therefore a new peak in 2029. The savings rate here refers to the gross domestic saving by the state, private households, and corporations and is shown as a percentage of total gross domestic product (GDP).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 gross national savings rate in countries like Cyprus and Croatia.

Turkey: Economic globalization index (0-100): The latest value from 2022 is 55.34 points, an increase from 54 points in 2021. In comparison, the world average is 59.16 points, based on data from 184 countries. Historically, the average for Turkey from 1970 to 2022 is 45.08 points. The minimum value, 27.54 points, was reached in 1970 while the maximum of 56.32 points was recorded in 2001.

Tourism Revenues in Turkey increased to 23220 USD Million in the third quarter of 2024 from 14880 USD Million in the second quarter of 2024. This dataset provides - Turkey Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey: Economic freedom, overall index (0-100): The latest value from 2024 is 56 index points, a decline from 57 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Turkey from 1995 to 2024 is 60 index points. The minimum value, 51 index points, was reached in 2005 while the maximum of 65 index points was recorded in 2014.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Inflation Rate in Turkey decreased to 39.05 percent in February from 42.12 percent in January 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.

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.

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 TR: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 17.511 % in 2017. This records an increase from the previous number of 16.599 % for 2016. Turkey TR: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 17.080 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 23.122 % in 1989 and a record low of 12.775 % in 1960. Turkey TR: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

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.

Graph and download economic data for Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Turkiye (LCEAMN01TRA661N) from 1988 to 2023 about Turkey, compensation, earnings, hours, and manufacturing.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Turkey (TURGDPNQDSMEI) from Q1 1998 to Q3 2023 about Turkey and GDP.

Graph and download economic data for OECD based Recession Indicators for Turkey from the Peak through the Trough (TURRECDM) from 1960-02-01 to 2022-09-30 about peak, trough, recession indicators, and Turkey.

This statistic shows the growth of the real gross domestic product (GDP) in Turkey from 2019 to 2023, with projections up until 2029. The real GDP is also known as economic growth. In 2023, the growth of the real GDP in Turkey was at approximately 5.11 percent compared to the previous year. Turkey's economy Based on economic standards, Turkey is recognized as an emerging market and is one of the world’s newly industrialized countries, having earned a place in the Group of Twenty, which is a group consisting of the twenty most important economies in the world. Turkey’s economical significance is partially attributed to the country’s growth, especially during the recent global financial recession. While countries around the world struggled to grow, let alone maintain a balanced economy, Turkey experienced a rather high percentage of gross domestic product growth annually. Additionally, Turkey’s financial sector saw significant improvements, most notably with the country’s inflation, which reached rates lower than those prior to the financial crash and even the lowest in a decade. With a rapidly growing populace as well as having had one of the fastest growing economies in Europe and the world, Turkey managed to maintain a stable and unchanged unemployment rate over the past decade, with the exception of 2009. However, despite a significant spike in unemployment, Turkey’s competent management helped bring the total unemployment rate to single digits for the first time in many years.

Manufacturing Production in Turkey increased 1.20 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Turkey Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey: Economic growth forecast: The latest value from 2028 is 3.7 percent, an increase from 3.4 percent in 2027. In comparison, the world average is 3.37 percent, based on data from 183 countries. Historically, the average for Turkey from 1980 to 2028 is 4.52 percent. The minimum value, -5.75 percent, was reached in 2001 while the maximum of 11.44 percent was recorded in 2021.

Turkey Consumer Confidence Score: Future Local Economy: Positive Response data was reported at 25.764 Score in Jan 2023. This records a decrease from the previous number of 27.125 Score for Dec 2022. Turkey Consumer Confidence Score: Future Local Economy: Positive Response data is updated monthly, averaging 26.474 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 40.000 Score in Sep 2011 and a record low of 13.533 Score in Aug 2021. Turkey Consumer Confidence Score: Future Local Economy: Positive Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Turkey – Table TR.IPSOS: Consumer Confidence Survey.