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: Shadow economy, percent of GDP: The latest value from 2015 is 27.43 percent, a decline from 27.45 percent in 2014. In comparison, the world average is 27.78 percent, based on data from 158 countries. Historically, the average for Turkey from 1991 to 2015 is 31.38 percent. The minimum value, 27.33 percent, was reached in 2013 while the maximum of 35.99 percent was recorded in 1991.

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.

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.

GDP (current US$) in Turkey was reported at 1323254808059 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Turkey: Informal economy, DGE method: The latest value from 2020 is 24.2 percent, a decline from 24.7 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Turkey from 1990 to 2020 is 30.74 percent. The minimum value, 24.2 percent, was reached in 2020 while the maximum of 38.4 percent was recorded in 1990.

The benchmark interest rate in Turkey was last recorded at 39.50 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Yearly (annual) dataset of the Turkey Current Account to GDP Ratio, including historical data, latest releases, and long-term trends from 1980-12-31 to 2024-12-31. Available for free download in CSV format.

Turkey recorded a trade deficit of 7579.90 USD Million in October 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.

In 2023, Turkish people with a doctoral or equivalent educational level reached the highest employment rate, measuring at 91 percent. At the same time, only about half of the population with below upper secondary level as their highest level of education were employed.

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

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Turkey (TUREXPORTADSMEI) from 1998 to 2022 about Turkey, exports, goods, and services.

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.

Key information about Turkey Real GDP Growth

• The Gross Domestic Product (GDP) in Turkey expanded 3.7 % YoY in Sep 2025, following a growth of 4.9 % in the previous quarter.
• Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1996 to Sep 2025, with an average rate of 9.9 %.
• The data reached an all-time high of 22.4 % in Jun 2021 and a record low of -14.7 % in Mar 2009.

• In the latest reports, Nominal GDP of Turkey reached 427.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 36.6 % in Sep 2025.
• GDP Per Capita in Turkey reached 15,325.1 USD in Dec 2024.
• Its Gross Savings Rate was measured at 33.4 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Sep 2025.
• Public Consumption accounted for 13.0 % in Sep 2025.
• Private Consumption accounted for 53.6 % in Sep 2025.

Turkey: Informal economy, MIMIC method: The latest value from 2020 is 31 percent, unchanged from 31 percent in 2019. In comparison, the world average is 32.74 percent, based on data from 158 countries. Historically, the average for Turkey from 1993 to 2020 is 31.8 percent. The minimum value, 30.4 percent, was reached in 2017 while the maximum of 33.1 percent was recorded in 2009.

Monthly dataset of the Turkey Business Confidence, including historical data, latest releases, and long-term trends from 2015-09-30 to 2025-11-30. Available for free download in CSV format.

Exports in Turkey increased to 23941.23 USD Million in October from 22575.58 USD Million in September 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.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Turkey (TURPFCEADSMEI) from 1998 to 2022 about Turkey, consumption expenditures, consumption, and private.

Tourism Revenues in Turkey increased to 24300 USD Million in the third quarter of 2025 from 16280 USD Million in the second quarter of 2025. This dataset provides - Turkey Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Current Account Balance: Total Services for Turkey (DISCONTINUED) (BPBLSE01TRQ188S) from Q1 1998 to Q2 2014 about current account, Turkey, BOP, and services.