Turkey TR: GDP: Growth: Gross Value Added: Services data was reported at 3.155 % in 2016. This records a decrease from the previous number of 5.618 % for 2015. Turkey TR: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 5.790 % from Dec 1969 (Median) to 2016, with 48 observations. The data reached an all-time high of 13.183 % in 1987 and a record low of -4.340 % in 1994. Turkey TR: GDP: Growth: Gross Value Added: Services 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Turkey Economic Sentiment Index (ESI): sa data was reported at 65.700 % Point in Nov 2018. This records an increase from the previous number of 59.100 % Point for Oct 2018. Turkey Economic Sentiment Index (ESI): sa data is updated monthly, averaging 101.700 % Point from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 115.900 % Point in Jun 2011 and a record low of 59.100 % Point in Oct 2018. Turkey Economic Sentiment Index (ESI): sa 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.S007: Economic Sentiment Index: Seasonally Adjusted.

Key information about Turkey Real GDP Growth

• The Gross Domestic Product (GDP) in Turkey expanded 3.5 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter.
• Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1999 to Dec 2022, with an average rate of 6.1 %.
• The data reached an all-time high of 22.2 % in Jun 2021 and a record low of -14.5 % in Mar 2009.

CEIC calculates Real GDP Growth from quarterly Real GDP Index. Turkish Statistical Institute provides Real GDP Index with base 2009=100.


Related information about Turkey Real GDP Growth

• In the latest reports, Nominal GDP of Turkey reached 257.9 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 99.1 % in Dec 2022.
• GDP Per Capita in Turkey reached 10,655.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 29.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Dec 2022.
• Public Consumption accounted for 12.8 % in Dec 2022.
• Private Consumption accounted for 58.0 % in Dec 2022.

Turkey TR: GDP: USD data was reported at 851.102 USD bn in 2017. This records a decrease from the previous number of 863.722 USD bn for 2016. Turkey TR: GDP: USD data is updated yearly, averaging 98.998 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 950.579 USD bn in 2013 and a record low of 8.022 USD bn in 1961. Turkey TR: GDP: USD 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. 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

MS: GDP Growth Rate: Current Year: Minimum data was reported at 1.800 % in Apr 2025. This records a decrease from the previous number of 2.200 % for Mar 2025. MS: GDP Growth Rate: Current Year: Minimum data is updated monthly, averaging 2.100 % from Aug 2001 (Median) to Apr 2025, with 285 observations. The data reached an all-time high of 7.000 % in Dec 2021 and a record low of -10.600 % in Oct 2001. MS: GDP Growth Rate: Current Year: Minimum data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S006: Survey of Market Participants: Central Bank of the Republic of Turkey.

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;

Key information about Turkey Public Consumption: % of GDP

• Turkey Public Consumption accounted for 15.3 % of its Nominal GDP in Dec 2024, compared with a share of 13.6 % in the previous quarter.
• Turkey Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1998 to Dec 2024, with an average number of 13.5 %.
• The data reached an all-time high of 17.1 % in Jun 2020 and a record low of 9.3 % in Sep 1998.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Turkish Statistical Institute provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Turkey Public Consumption: % of GDP

• In the latest reports, Turkey GDP expanded 4.0 % YoY in Mar 2023.
• Turkey Nominal GDP reached 245.5 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 77.3 % in Mar 2023.
• Turkey GDP Per Capita reached 15,463.4 USD in Dec 2024.
• Its Gross Savings Rate was measured at 23.9 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 24.2 % in Dec 2024.
• Private Consumption accounted for 60.7 % in Dec 2024.

Key information about Turkey Market Capitalization: % of GDP

• Turkey Market Capitalization accounted for 30.9 % of its Nominal GDP in Dec 2024, compared with a percentage of 37.8 % 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

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and quarterly Nominal GDP. Borsa Istanbul provides Market Capitalization in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Further information about Turkey Market Capitalization: % of GDP

• In the latest reports, Borsa Istanbul recorded a monthly P/E ratio of 12.3 in Jan 2025
• BIST National 100 closed at 116,524.8 points in Jun 2020

Turkey TR: Gross Domestic Expenditure on R&D (GERD) data was reported at 198,669.744 TRY mn in 2022. This records an increase from the previous number of 101,737.888 TRY mn for 2021. Turkey TR: Gross Domestic Expenditure on R&D (GERD) data is updated yearly, averaging 4,399.881 TRY mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 198,669.744 TRY mn in 2022 and a record low of 1.276 TRY mn in 1990. Turkey TR: Gross Domestic Expenditure on R&D (GERD) 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.MSTI: Gross Domestic Expenditure on Research and Development: OECD Member: Annual.

Before 2016, total R&D personnel data for Türkiye are underestimated because personnel data for the Higher Education sector only include researchers. From 2008, universities’ own R&D funds are included in funding from the Higher education whereas they were previously distributed into the other funding categories.

TR: GDP: % of GDP: Gross Savings data was reported at 25.383 % in 2017. This records an increase from the previous number of 24.472 % for 2016. TR: GDP: % of GDP: Gross Savings data is updated yearly, averaging 23.967 % from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 38.401 % in 1986 and a record low of 18.191 % in 1994. TR: GDP: % of GDP: Gross Savings 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. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Imports: Rize data was reported at 2.175 USD mn in Jun 2018. This records an increase from the previous number of 0.210 USD mn for May 2018. Imports: Rize data is updated monthly, averaging 1.301 USD mn from Jan 2002 (Median) to Jun 2018, with 198 observations. The data reached an all-time high of 7.389 USD mn in Jul 2008 and a record low of 0.165 USD mn in Jul 2016. Imports: Rize data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA025: Imports: by Province.

Turkey Consumer Confidence Index: Current Financial Statement: Household data was reported at 67.284 Point in Nov 2018. This records a decrease from the previous number of 70.781 Point for Oct 2018. Turkey Consumer Confidence Index: Current Financial Statement: Household data is updated monthly, averaging 75.051 Point from Jan 2012 (Median) to Nov 2018, with 83 observations. The data reached an all-time high of 82.018 Point in Jun 2014 and a record low of 67.284 Point in Nov 2018. Turkey Consumer Confidence Index: Current Financial Statement: Household data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.H028: Consumer Confidence Index.

Turkey Household Financial Assets: Currency in Circulation data was reported at 70.600 TRY bn in Sep 2018. This records an increase from the previous number of 59.600 TRY bn for Mar 2018. Turkey Household Financial Assets: Currency in Circulation data is updated semiannually, averaging 63.200 TRY bn from Sep 2013 (Median) to Sep 2018, with 11 observations. The data reached an all-time high of 82.800 TRY bn in Mar 2015 and a record low of 38.500 TRY bn in Sep 2015. Turkey Household Financial Assets: Currency in Circulation data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB040: Households Financial Asset Composition.

Imports: Libya data was reported at 40,402.250 USD th in Mar 2025. This records an increase from the previous number of 37,892.982 USD th for Feb 2025. Imports: Libya data is updated monthly, averaging 33,337.161 USD th from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 290,203.562 USD th in Aug 2020 and a record low of 3,496.081 USD th in Nov 2015. Imports: Libya data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA019: General Trade System: Imports: by Country.

Turkey TR: Central Bank: Claims on State and Local Government data was reported at 0.000 TRY mn in 2008. This stayed constant from the previous number of 0.000 TRY mn for 2007. Turkey TR: Central Bank: Claims on State and Local Government data is updated yearly, averaging 0.000 TRY mn from Dec 2001 (Median) to 2008, with 8 observations. Turkey TR: Central Bank: Claims on State and Local Government 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: Financial System: Monetary Authorities: Annual.

Turkey TR: Imports: Goods: by Reporting Economy data was reported at 198.618 USD bn in 2016. This records a decrease from the previous number of 207.236 USD bn for 2015. Turkey TR: Imports: Goods: by Reporting Economy data is updated yearly, averaging 14.695 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 251.661 USD bn in 2013 and a record low of 467.700 USD mn in 1960. Turkey TR: Imports: Goods: by Reporting Economy 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: Imports. Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Sum;

Turkey Exports: Russia data was reported at 8,562,122.482 USD th in 2024. This records a decrease from the previous number of 10,906,585.102 USD th for 2023. Turkey Exports: Russia data is updated yearly, averaging 5,140,536.238 USD th from Dec 2013 (Median) to 2024, with 12 observations. The data reached an all-time high of 10,906,585.102 USD th in 2023 and a record low of 1,792,916.121 USD th in 2016. Turkey Exports: Russia data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA008: General Trade System: Exports: by Top Trading Partner.

Turkey Consumer Confidence Index: Household Financial Status: Present data was reported at 84.757 Point in Jul 2018. This records an increase from the previous number of 84.091 Point for Jun 2018. Turkey Consumer Confidence Index: Household Financial Status: Present data is updated monthly, averaging 83.611 Point from Jan 2012 (Median) to Jul 2018, with 79 observations. The data reached an all-time high of 88.073 Point in Aug 2016 and a record low of 77.274 Point in Oct 2012. Turkey Consumer Confidence Index: Household Financial Status: Present data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.H028: Consumer Confidence Index.

Turkey Exports: Trabzon Free Zone data was reported at 0.000 USD mn in Oct 2018. This stayed constant from the previous number of 0.000 USD mn for Sep 2018. Turkey Exports: Trabzon Free Zone data is updated monthly, averaging 0.164 USD mn from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 4.810 USD mn in May 2016 and a record low of 0.000 USD mn in Oct 2018. Turkey Exports: Trabzon Free Zone data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA008: Exports: by Country and Region.

Imports: Dominican Republic data was reported at 2,796.401 USD th in Mar 2025. This records an increase from the previous number of 2,464.062 USD th for Feb 2025. Imports: Dominican Republic data is updated monthly, averaging 1,566.872 USD th from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 5,142.562 USD th in Sep 2024 and a record low of 391.302 USD th in Jan 2016. Imports: Dominican Republic data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA019: General Trade System: Imports: by Country.