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.

As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five liras. By June 27, 2025, one U.S. dollar was worth approximately 39.54. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

Reaching nearly 20 Turkish lira per one single euri, the EUR/TRY exchange rate increased well into 2022. As of May 2, 2025, the exchange rate reached approximately 43.60 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 Domestic Product (GDP) in Turkey expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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 Nominal GDP Growth

• Turkey Nominal GDP Growth was reported at 48.974 % in Dec 2024.
• This records a decrease from the previous number of 53.569 % for Sep 2024.
• Turkey Nominal GDP Growth data is updated quarterly, averaging 19.171 % from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 120.982 % in Sep 2022 and a record low of -3.410 % in Jun 2009.
• Turkey Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Turkish Statistical Institute provides Nominal GDP in local currency.

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: Information technology exports, percent of total goods exports: The latest value from 2022 is 0.7 percent, a decline from 0.88 percent in 2021. In comparison, the world average is 4.75 percent, based on data from 100 countries. Historically, the average for Turkey from 2000 to 2022 is 2.32 percent. The minimum value, 0.7 percent, was reached in 2022 while the maximum of 4.64 percent was recorded in 2004.

Key information about Turkey Nominal GDP

• Turkey Nominal GDP reached 245.5 USD bn in Mar 2023, compared with 257.9 USD bn in the previous quarter.
• Nominal GDP in Turkey is updated quarterly, available from Mar 1998 to Mar 2023, with an average number of 183.2 USD bn.
• The data reached an all-time high of 257.9 USD bn in Dec 2022 and a record low of 48.2 USD bn in Dec 2001.

CEIC converts quarterly Nominal GDP into USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions.


Related information about Turkey Nominal GDP

• In the latest reports, Turkey GDP expanded 4.0 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 77.3 % in Mar 2023.
• Turkey GDP Per Capita reached 10,655.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 25.1 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 33.9 % in Mar 2023.
• Public Consumption accounted for 14.3 % in Mar 2023.
• Private Consumption accounted for 60.6 % in Mar 2023.

Turkey: Credit information sharing index, 0 (low) - 8 (high): The latest value from 2019 is 8 points, unchanged from 8 points in 2018. In comparison, the world average is 5.27 points, based on data from 185 countries. Historically, the average for Turkey from 2013 to 2019 is 7.14 points. The minimum value, 6 points, was reached in 2013 while the maximum of 8 points was recorded in 2018.

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.

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.

Comprehensive dataset of 20 Government economic programs in Turkey as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Inflation Rate in Turkey decreased to 35.05 percent in June from 35.41 percent in May 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 recorded a Current Account deficit of 684 USD Million in May of 2025. This dataset provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the ratio of military expenditure to gross domestic product (GDP) in Turkey increased by 0.3 percentage points (+25.21 percent) compared to 2022. In total, the ratio amounted to 1.5 percent in 2023. This increase was preceded by a declining ratio.These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like North Macedonia and Bulgaria.

Comprehensive dataset of 1 Government economic programs in Antalya, Turkey as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Exports in Turkey decreased to 20500 USD Million in June from 24816.80 USD Million in May of 2025. This dataset provides the latest reported value for - Turkey Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the unemployment rate in Turkey from 1999 to 2023. In 2023, the unemployment rate in Turkey was at about 9.39 percent. Trade in Turkey Turkey is a growing market and recognized as one of the world’s newest industrialized countries. Partially due Turkey’s fast growing economy, the country was able to save up and maintain a relatively large currency reserve. Currency reserves are most important in dire financial situations. Turkey is also a member of the G-20 major economies and the EU Customs Union, an organization made up of EU countries as well as neighboring countries that essentially allow no customs to be levied on goods being traded within the borders of these countries. As a result, a large percentage of goods imported and exported were going to and coming from countries within the custom borders. However, many Turkish officials believed that it was necessary to expand exports beyond westernized countries in order to further develop the country’s trade sector, and for this reason, trades with countries such as Iran and Iraq. Primary imports into Turkey consist of machinery, chemicals, semi-finished goods, fuels and transport equipment. Additionally, a large part of those imports are made up of cotton, with Turkey being one of the largest importers of cotton in the world. Due to large imports and struggles with its exports, Turkey reported a trade deficit every year over the past decade with increasing difficulties to attain a trade surplus.