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.

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.

Turkey Contribution to Growth in Real GDP: Change in Inventories data was reported at 0.000 % in Dec 2026. This stayed constant from the previous number of 0.000 % for Sep 2026. Turkey Contribution to Growth in Real GDP: Change in Inventories data is updated quarterly, averaging 0.000 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 0.061 % in Dec 2019 and a record low of -0.042 % in Dec 1993. Turkey Contribution to Growth in Real GDP: Change in Inventories 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

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.

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

GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data was reported at -1.439 % in 30 Jan 2022. This records an increase from the previous number of -1.747 % for 23 Jan 2022. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data is updated weekly, averaging -5.013 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 7.562 % in 19 Dec 2021 and a record low of -14.091 % in 10 May 2020. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low 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.WT: GDP Growth Tracker: Weekly.

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 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 GDP: 1987p: Change in Stocks data was reported at -995.000 TRY th in Sep 2007. This records a decrease from the previous number of 3,945.000 TRY th for Jun 2007. Turkey GDP: 1987p: Change in Stocks data is updated quarterly, averaging 147.000 TRY th from Mar 1987 (Median) to Sep 2007, with 83 observations. The data reached an all-time high of 4,234.900 TRY th in Jun 2004 and a record low of -1,602.000 TRY th in Dec 1988. Turkey GDP: 1987p: Change in Stocks data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.A032: GDP by Expenditure: 1987 Price.

Full Year GDP Growth in Turkey decreased to 3.20 percent in 2024 from 5.10 percent in 2023. This dataset includes a chart with historical data for Turkey Full Year GDP Growth.

The Gross Domestic Product per capita in Turkey was last recorded at 35294.39 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Turkey, when adjusted by Purchasing Power Parity is equivalent to 199 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation rate (GDP deflator) of Turkey slumped by 14.29% from 68.2 % in 2023 to 58.5 % in 2024. Since the 231.47% surge in 2022, inflation rate (GDP deflator) sank by 39.10% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 10.809 % in 2017. This records an increase from the previous number of 8.098 % for 2016. Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 21.930 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 143.693 % in 1998 and a record low of 2.352 % in 1964. Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator 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: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Turkey GDP: Changes in Inventories data was reported at -894,535.400 TRY mn in Dec 2024. This records a decrease from the previous number of -684,839.500 TRY mn for Sep 2024. Turkey GDP: Changes in Inventories data is updated quarterly, averaging 871.900 TRY mn from Mar 1998 (Median) to Dec 2024, with 108 observations. The data reached an all-time high of 343,525.300 TRY mn in Sep 2022 and a record low of -894,535.400 TRY mn in Dec 2024. Turkey GDP: Changes in Inventories 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.MEI: Gross Domestic Product: OECD Member: Quarterly. [STAT_CONC_DEF] Change in stocks is estimated as residual between production and expenditure accounts and also includes statistical discrepancy.

The latest data from show economic growth of 2.4 pour cent, which is no change from the rate of growth of 2.4 pour cent in the previous quarter and
a decrease compared to the growth rate of 6.5 pour cent in the same quarter last year. The economic growth time series for Turquie cover the period...

In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

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.

The statistic shows the average inflation rate in Turkey from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Turkey was at around 58.51 percent compared to the previous year. Turkey’s economy With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide. Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods. Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations. A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.

Türkiye: Economic growth: the rate of change of real GDP: Dünya Bankası göstergesi için Türkiye hakkında 1961 - 2024 arası bilgi. Türkiye için bu döneme ait ortalama değer yüzde 4.76 percent con un mínimo de -5.75 percent en 2001 y un máximo de 11.44 percent en 2021.

Turkey TR: Road Infrastructure Investment: Per GDP data was reported at 0.613 Ratio in 2021. This records a decrease from the previous number of 0.867 Ratio for 2020. Turkey TR: Road Infrastructure Investment: Per GDP data is updated yearly, averaging 0.657 Ratio from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 1.319 Ratio in 2018 and a record low of 0.336 Ratio in 2000. Turkey TR: Road Infrastructure Investment: Per GDP 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.ITF: Transport Infrastructure, Investment and Maintenance: OECD Member: Annual. [COVERAGE] ROAD INFRASTRUCTURE INVESTMENT Investment expenditure on road infrastructure: capital expenditure on new road infrastructure or extension of existing roads, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure). Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them (signalisation, telecommunications, toll collection installations, etc.) as opposed to road vehicles. [COVERAGE] ROAD INFRASTRUCTURE INVESTMENT Data include PPP investment and expropriated assets. Data include investment in motorways, state and provincial roads, but do not include investment in urban roads.