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.

Turkey TR: GDP: Net National Income data was reported at 2,591,912.000 TRY mn in 2017. This records an increase from the previous number of 2,186,808.000 TRY mn for 2016. Turkey TR: GDP: Net National Income data is updated yearly, averaging 1,537,675.000 TRY mn from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 2,591,912.000 TRY mn in 2017 and a record low of 824,646.000 TRY mn in 2009. Turkey TR: GDP: Net National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Turkey – Table TR.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

Turkey TR: GDP: Real: Gross Domestic Income data was reported at 1,662,652.293 TRY mn in 2017. This records an increase from the previous number of 1,567,469.248 TRY mn for 2016. Turkey TR: GDP: Real: Gross Domestic Income data is updated yearly, averaging 730,318.609 TRY mn from Dec 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 1,662,652.293 TRY mn in 2017 and a record low of 453,889.948 TRY mn in 1987. Turkey TR: GDP: Real: Gross Domestic Income 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: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.

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.

Key information about Turkey Household Income per Capita

• Turkey Annual Household Income per Capita reached 2,382.158 USD in Dec 2023, compared with the previous value of 1,847.728 USD in Dec 2022.
• Turkey Annual Household Income per Capita data is updated yearly, available from Dec 2007 to Dec 2023, with an averaged value of 3,670.941 USD.
• The data reached an all-time high of 4,134.509 USD in Dec 2013 and a record low of 1,847.728 USD in Dec 2022.
• In the latest reports, Retail Sales of Turkey grew 11.219 % YoY in Dec 2023.

CEIC calculates Annual Household Income per Capita from annual Household Income, Population and Number of Households and converts it into USD. Turkish Statistical Institute provides Household Income in local currency, Population and Number of Households. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions. Household Income covers Household Disposable Income only.

Key information about Turkey Gross National Product (GNP)

• Turkey Gross National Product (GNP) was reported at 1,096.809 USD bn in Dec 2023.
• This records an increase from the previous number of 898.339 USD bn for Dec 2022.
• Turkey Gross National Product (GNP) data is updated yearly, averaging 177.668 USD bn from Dec 1967 to 2023, with 57 observations.
• The data reached an all-time high of 1,096.809 USD bn in 2023 and a record low of 15.578 USD bn in 1967.

Related information about Turkey Gross National Product (GNP) data

• Turkey Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• The World Bank provides annual Gross National Product in USD.

Turkey TR: GDP: USD: Gross National Income: Atlas Method data was reported at 882.853 USD bn in 2017. This records a decrease from the previous number of 892.797 USD bn for 2016. Turkey TR: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 154.128 USD bn from Dec 1967 (Median) to 2017, with 51 observations. The data reached an all-time high of 969.979 USD bn in 2014 and a record low of 15.178 USD bn in 1967. Turkey TR: GDP: USD: Gross National Income: Atlas Method 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. 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. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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.

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.

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.

Turkey TR: GDP: Gross National Income data was reported at 3,064,437.972 TRY mn in 2017. This records an increase from the previous number of 2,580,797.897 TRY mn for 2016. Turkey TR: GDP: Gross National Income data is updated yearly, averaging 1,075.328 TRY mn from Dec 1967 (Median) to 2017, with 51 observations. The data reached an all-time high of 3,064,437.972 TRY mn in 2017 and a record low of 0.140 TRY mn in 1967. Turkey TR: GDP: Gross National Income 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. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Turkey: External debt, percent of Gross National Income: The latest value from 2022 is 51.05 percent, a decline from 54.07 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Turkey from 1970 to 2022 is 38.11 percent. The minimum value, 11.03 percent, was reached in 1975 while the maximum of 60.33 percent was recorded in 2020.

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 TR: GDP: GNI per Capita data was reported at 37,952.037 TRY in 2017. This records an increase from the previous number of 32,457.793 TRY for 2016. Turkey TR: GDP: GNI per Capita data is updated yearly, averaging 19.289 TRY from Dec 1967 (Median) to 2017, with 51 observations. The data reached an all-time high of 37,952.037 TRY in 2017 and a record low of 0.004 TRY in 1967. Turkey TR: GDP: 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: Gross Domestic Product: Nominal. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

In Turkey, the gross national income (GNI) peaked in 2014 at over 975 billion U.S. dollars. Over the observed time, the lowest value was recorded in 2010 at 759 billion U.S. dollars. In 2022, the country's GNI totaled 904.2 billion U.S. dollars.

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.

Turkey Annual Disposable Income Distribution: HH: E Marmara: Qntls: 1st data was reported at 7.250 % in 2017. This records a decrease from the previous number of 7.400 % for 2016. Turkey Annual Disposable Income Distribution: HH: E Marmara: Qntls: 1st data is updated yearly, averaging 7.390 % from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 8.200 % in 2011 and a record low of 6.690 % in 2006. Turkey Annual Disposable Income Distribution: HH: E Marmara: Qntls: 1st data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.H033: Annual Household Disposable Income Distribution: by Quintiles.

In Turkey, the average annual income was recorded at higher values in the case of men than women each year from 2008 to 2023. However, the gender pay gap fluctuated over time and has been widening from 2022. In 2023, men earned over 125,700 Turkish lira on average, whereas women made nearly 91,700 Turkish lira. That indicated a 37 percent pay gap between men and women in the country. Average income varies significantly depending on education level With high inflation leading to soaring prices and a decline in purchasing power within the country, the Minimum Wage Determination Commission, established by the Turkish government, has taken steps to regulate the minimum wage. As of 2024, the minimum wage was adjusted to 17,000 Turkish lira (497.4 U.S. dollars as of September 30, 2024), more than doubling compared to the previous year. Meanwhile, education levels continue to play a crucial role in income disparities in Turkey. Individuals with higher education degrees consistently earned the highest average annual income, reaching nearly 158,000 Turkish lira in 2023.  In contrast, illiterate individuals earned about 45,600 Turkish lira on average. Labor force participation and economic inactivity The average labor force participation rate in Turkey reached 53.3 percent in 2023, with considerable regional variations. That year, Ardahan recorded the highest rate at 61.7 percent, while Siirt had the lowest at 38.5 percent. At the same time, there were a significant number of Turkish people who were not in the workforce in 2023. Over nine million people did not work that year due to being housewives, and nearly 5.4 million were absent due to disability, old age, or illness.

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.