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 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 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;

Historical chart and dataset showing Turkey GDP by year from 1960 to 2023.

This statistic shows the share economic sectors in gross domestic product (GDP) in Turkey from 2014 to 2024. In 2024, agriculture contributed 5.59 percent to GDP, while industry and services accounted for 25.94 percent and 56.82 percent respectively.

Technological innovations, use of state-of-the-art production methods, a flourishing construction sector and a favorable manufacturing climate are some of the factors that have contributed to the growth of the Turkish basic iron, steel and ferro-alloys manufacturing industry. It was valued at 24 billion U.S. dollars in 2013 and is projected to grow to 37 billion U.S. dollars by 2022. Iskenderun Demir ve Celik A.Ş.is one the leading players in this sector, having garnered revenues of over 10.6 billion Turkish lira in 2017.

Leading worldwide exporter of steel Over time, the iron and steel industry has become one of the most developed sectors in the country and is the fourth largest contributor to the Turkish economy, according to the Turkish Steel Exporters association. Moreover, Turkey is one of the leading exporters of steel, with over 19 million metric tons exported to countries across the globe in 2018. Tata Steel turns to Turkey amid Covid-19 outbreak

Tata Steel, one of the global leaders in steel production, is reducing its dependence on China for steel imports, having already announced its intentions to tap into the Turkish market, owing to Covid-19 outbreak that has disrupted its supply-chain. This is expected to further boost the country’s revenues in the short to medium, which have been a bit sluggish off-late, as exports fell 15 percent year-over-year for the first quarter of 2020.

Turkey TR: GDP: Growth: Gross Value Added: Agriculture data was reported at 4.660 % in 2017. This records an increase from the previous number of -2.579 % for 2016. Turkey TR: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.195 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 9.373 % in 2015 and a record low of -8.889 % in 2001. Turkey TR: GDP: Growth: Gross Value Added: Agriculture 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 agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 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; Note: Data for OECD countries are based on ISIC, revision 4.

Turkey recorded a trade deficit of 8200 USD Million in June of 2025. This dataset provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Exports of goods and services (% of GDP) in Turkey was reported at 28.05 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Tourism Revenues in Turkey decreased to 9451 USD Million in the first quarter of 2025 from 13788 USD Million in the fourth quarter of 2024. This dataset provides - Turkey Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Projection of General government gross debt for Turkey (GGGDTPTRA188N) from 2024 to 2030 about Turkey, projection, gross, debt, and government.

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;

This statistic shows the revenue of the industry “manufacture of motor vehicles“ in Turkey from 2011 to 2018, with a forecast to 2023. It is projected that the revenue of manufacture of motor vehicles in Turkey will amount to approximately 30,1 billion U.S. Dollars by 2023.

This statistic shows the revenue of the industry “manufacture of electric domestic appliances“ in Turkey from 2011 to 2018, with a forecast to 2023. It is projected that the revenue of manufacture of electric domestic appliances in Turkey will amount to approximately 12,1 billion U.S. Dollars by 2023.

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.

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;

Turkey TR: GDP data was reported at 3,104,906.706 TRY mn in 2017. This records an increase from the previous number of 2,608,525.749 TRY mn for 2016. Turkey TR: GDP data is updated yearly, averaging 178.274 TRY mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 3,104,906.706 TRY mn in 2017 and a record low of 0.068 TRY mn in 1960. Turkey TR: GDP 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. 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.