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.

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.

Monthly and long-term Turkey GDP data: historical series and analyst forecasts curated by FocusEconomics.

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 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.

The Gross Domestic Product (GDP) in Turkey expanded 1.10 percent in the third 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.

The Gross Domestic Product (GDP) in Turkey expanded 3.70 percent in the third 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 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

Monthly and long-term Turkey GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

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 statistic shows the gross domestic product (GDP) per capita in Turkey from 1987 to 2024, with projections up until 2030. 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 2024, the GDP per capita in Turkey was estimated to be around 15,463.29 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.

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.

Monthly and long-term Turkey Private consumption data: historical series and analyst forecasts curated by FocusEconomics.

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.

Turkey: Inflation forecast: The latest value from 2030 is 15 percent, unchanged from 15 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Turkey from 1986 to 2030 is 36.36 percent. The minimum value, 6.16 percent, was reached in 2012 while the maximum of 115.7 percent was recorded in 1994.

Turkey TT Forecast: PS: % of GDP: Rest of Public Sector data was reported at 0.300 % in 2020. This records an increase from the previous number of 0.000 % for 2019. Turkey TT Forecast: PS: % of GDP: Rest of Public Sector data is updated yearly, averaging 0.300 % from Dec 2012 (Median) to 2020, with 9 observations. The data reached an all-time high of 1.200 % in 2015 and a record low of -0.400 % in 2017. Turkey TT Forecast: PS: % of GDP: Rest of Public Sector data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.F018: Public Sector Balance: % of GDP: Forecast: Turkish Treasury.

Turkey: Unemployment rate forecast: The latest value from 2030 is 9.02 percent, unchanged from 9.02 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Turkey from 1980 to 2030 is 8.92 percent. The minimum value, 6 percent, was reached in 2000 while the maximum of 13.7 percent was recorded in 2019.

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 car and light motor vehicle sales in Turkey from 2009 to 2014, with forecasts up until 2020. By 2016, revenues of car and light motor vehicle sales in Turkey are projected to reach approximately 36.59 billion U.S. dollars.