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.

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.

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.

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.

• 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.

GDP per capita growth (annual %) in Turkey was reported at 2.9515 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Mode data was reported at 3.000 % in Apr 2025. This stayed constant from the previous number of 3.000 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Mode data is updated monthly, averaging 4.000 % from Aug 2001 (Median) to Apr 2025, with 285 observations. The data reached an all-time high of 10.000 % in Dec 2021 and a record low of -8.500 % in Dec 2001. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Mode 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.

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 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...

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

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation data was reported at 0.510 % in Apr 2025. This records an increase from the previous number of 0.480 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation data is updated monthly, averaging 0.605 % from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 1.690 % in Feb 2023 and a record low of 0.430 % in Aug 2015. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation 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.

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.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation data was reported at 63.000 Unit in Apr 2025. This records an increase from the previous number of 60.000 Unit for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation data is updated monthly, averaging 61.000 Unit from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 89.000 Unit in Mar 2013 and a record low of 29.000 Unit in Feb 2023. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation 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.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Median data was reported at 3.900 % in Apr 2025. This records a decrease from the previous number of 4.000 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Median data is updated monthly, averaging 4.000 % from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 5.000 % in Apr 2013 and a record low of 1.500 % in Dec 2018. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Median 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.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Mode data was reported at 4.000 % in Apr 2025. This stayed constant from the previous number of 4.000 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Mode data is updated monthly, averaging 4.000 % from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 5.000 % in Aug 2023 and a record low of 2.000 % in Jul 2019. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Mode 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.

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.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Standard Deviation data was reported at 0.430 % in Apr 2025. This stayed constant from the previous number of 0.430 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Standard Deviation data is updated monthly, averaging 0.600 % from Aug 2001 (Median) to Apr 2025, with 285 observations. The data reached an all-time high of 2.890 % in Apr 2020 and a record low of 0.210 % in Dec 2024. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Current Year: Standard Deviation 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.

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 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.