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 2024, GDP in Turkey amounted to around 1,322.41 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.

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.

This statistic shows the growth of the real gross domestic product (GDP) in Turkey from 2020 to 2024, with projections up until 2030. The real GDP is also known as economic growth. In 2024, the growth of the real GDP in Turkey was at approximately 3.18 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.

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.

Turkey: Economic growth forecast: The latest value from 2030 is 4.1 percent, an increase from 3.86 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Turkey from 1980 to 2030 is 4.5 percent. The minimum value, -5.75 percent, was reached in 2001 while the maximum of 11.44 percent was recorded in 2021.

The Gross Domestic Product (GDP) in Turkey expanded 1 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Turkey GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey TR: Potential Output of Total Economy data was reported at 73,003.350 TRY bn in 2026. This records an increase from the previous number of 58,934.315 TRY bn for 2025. Turkey TR: Potential Output of Total Economy data is updated yearly, averaging 1,579.997 TRY bn from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 73,003.350 TRY bn in 2026 and a record low of 70.238 TRY bn in 1998. Turkey TR: Potential Output of Total Economy 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation

The Gross Domestic Product per capita in Turkey was last recorded at 15147.84 US dollars in 2024. The GDP per Capita in Turkey is equivalent to 120 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita - 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.

Turkey TR: Potential Output of Total Economy: Volume data was reported at 2,486.415 TRY bn in 2026. This records an increase from the previous number of 2,390.005 TRY bn for 2025. Turkey TR: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,270.306 TRY bn from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 2,486.415 TRY bn in 2026 and a record low of 693.899 TRY bn in 1998. Turkey TR: Potential Output of Total Economy: Volume 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

Turkey TR: Output Gap of Total Economy data was reported at -0.909 % in 2026. This records a decrease from the previous number of -0.864 % for 2025. Turkey TR: Output Gap of Total Economy data is updated yearly, averaging 0.094 % from Dec 1998 (Median) to 2026, with 29 observations. The data reached an all-time high of 9.175 % in 2006 and a record low of -8.738 % in 2001. Turkey TR: Output Gap of Total Economy 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GAP - Output gap, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

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 GDP: Growth: Volume: Imports of Goods and Services data was reported at 4.887 % in Dec 2026. This stayed constant from the previous number of 4.887 % for Sep 2026. Turkey GDP: Growth: Volume: Imports of Goods and Services data is updated quarterly, averaging 7.601 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 223.311 % in Sep 2020 and a record low of -71.780 % in Mar 1979. Turkey GDP: Growth: Volume: Imports of Goods and Services 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.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. None

Turkey GDP: Growth data was reported at 17.475 % in Dec 2026. This records a decrease from the previous number of 18.527 % for Sep 2026. Turkey GDP: Growth data is updated quarterly, averaging 29.811 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 247.572 % in Jun 1994 and a record low of -31.288 % in Jun 2020. Turkey GDP: Growth 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.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. None

Economic Optimism Index in Turkey remained unchanged at 96.70 points in June. This dataset provides the latest reported value for - Turkey Economic Optimism Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This forecast statistic shows the revenue of general building cleaning in Turkey from 2009 to 2014, with forecasts up until 2020. By 2016, revenues of general building cleaning in Turkey are projected to reach approximately 5.8 billion U.S. dollars.

This forecast statistic shows the revenue of automotive fuel store retail in Turkey from 2009 to 2014, with forecasts up until 2020. By 2016, revenues of automotive fuel store retail in Turkey are projected to reach approximately 29.79 billion U.S. dollars.Figures include computer peripheral equipment store retail.

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: Current account balance forecast, percent of GDP: The latest value from 2030 is -1.61 percent, a decline from -1.5 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Turkey from 1980 to 2030 is -2.08 percent. The minimum value, -8.88 percent, was reached in 2011 while the maximum of 1.98 percent was recorded in 2019.

Turkey GDP: Growth: Volume data was reported at 3.891 % in Dec 2026. This records a decrease from the previous number of 3.891 % for Sep 2026. Turkey GDP: Growth: Volume data is updated quarterly, averaging 5.460 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 82.908 % in Sep 2020 and a record low of -36.842 % in Jun 1994. Turkey GDP: Growth: Volume 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.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. None