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

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.

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 (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.

As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five liras. By June 27, 2025, one U.S. dollar was worth approximately 39.54. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

Reaching nearly 20 Turkish lira per one single euri, the EUR/TRY exchange rate increased well into 2022. As of May 2, 2025, the exchange rate reached approximately 43.60 Turkish lira. The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different from the standardized measure; calculation of average based on observations throughout the period in question.

The youth unemployment rate in Turkey decreased by 1.7 percentage points (-9.82 percent) compared to the previous year. The youth unemployment rate thereby reached its lowest value in recent years. The youth unemployment rate of a country or region refers to the share of the total workforce aged 15 to 24 that is currently without work, but actively searching for employment. It does not include economically inactive persons such as full-time students or the long-term unemployed.Find more key insights for the youth unemployment rate in countries like Bulgaria and North Macedonia.

Turkey TR: Ease of Doing Business Index: 1=Most Business-friendly Regulations data was reported at 60.000 NA in 2017. Turkey TR: Ease of Doing Business Index: 1=Most Business-friendly Regulations data is updated yearly, averaging 60.000 NA from Dec 2017 (Median) to 2017, with 1 observations. Turkey TR: Ease of Doing Business Index: 1=Most Business-friendly Regulations 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: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.

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.

Turkey is ranked 33 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Turkey improved to 33 in 2019 from 43 in 2018. This dataset provides the latest reported value for - Ease of Doing Business in Turkey - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey: Globalization index (0-100): The latest value from 2022 is 70.51 points, an increase from 70 points in 2021. In comparison, the world average is 61.23 points, based on data from 190 countries. Historically, the average for Turkey from 1970 to 2022 is 57.39 points. The minimum value, 40.15 points, was reached in 1970 while the maximum of 72.12 points was recorded in 2014.

The gross domestic product per capita varied between provinces of Turkey. Under the observed period, Istanbul generally registered the highest GDP per capita. However, from 2021, Kocaeli ranked first, with its GDP per capita totaling almost ****** U.S. dollars in 2023. The capital city, Ankara, came third in the ranking, with a GDP per capita of ****** U.S. dollars.

TSKB A.S.: Net Income or Loss data was reported at 93.968 USD mn in Sep 2019. This records an increase from the previous number of 66.038 USD mn for Jun 2019. TSKB A.S.: Net Income or Loss data is updated quarterly, averaging 81.917 USD mn from Dec 2005 (Median) to Sep 2019, with 54 observations. The data reached an all-time high of 172.853 USD mn in Dec 2012 and a record low of 15.755 USD mn in Mar 2007. TSKB A.S.: Net Income or Loss data remains active status in CEIC and is reported by The Banks Association of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB075: Banks Ranked by Total Assets.

Turkey GOI: Weighted Rank data was reported at 66.000 NA in 2019. This records a decrease from the previous number of 69.000 NA for 2018. Turkey GOI: Weighted Rank data is updated yearly, averaging 67.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 69.000 NA in 2018 and a record low of 66.000 NA in 2019. Turkey GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Turkey – Table TR.Milken: Global Oportunity Index.

Turkey GOI: Total Rank data was reported at 60.000 NA in 2019. This records a decrease from the previous number of 81.000 NA for 2018. Turkey GOI: Total Rank data is updated yearly, averaging 60.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 81.000 NA in 2018 and a record low of 58.000 NA in 2017. Turkey GOI: Total Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Turkey – Table TR.Milken: Global Oportunity Index.

Turkey VakıfBank T.A.O.: Net Income or Loss data was reported at 269.680 USD mn in Sep 2019. This records an increase from the previous number of 177.024 USD mn for Jun 2019. Turkey VakıfBank T.A.O.: Net Income or Loss data is updated quarterly, averaging 413.976 USD mn from Dec 2005 (Median) to Sep 2019, with 56 observations. The data reached an all-time high of 987.137 USD mn in Dec 2017 and a record low of 115.703 USD mn in Mar 2019. Turkey VakıfBank T.A.O.: Net Income or Loss data remains active status in CEIC and is reported by The Banks Association of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB075: Banks Ranked by Total Assets.

Rule of Law: Percentile Rank, Lower Bound of 90% Confidence Interval in Turkey was reported at 24.06 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Rule of Law: Percentile Rank, Lower Bound of 90% Confidence Interval - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Turkey Kalkınma A.S.: Net Income or Loss data was reported at 63.728 USD mn in Sep 2019. This records an increase from the previous number of 39.912 USD mn for Jun 2019. Turkey Kalkınma A.S.: Net Income or Loss data is updated quarterly, averaging 30.353 USD mn from Sep 2018 (Median) to Sep 2019, with 5 observations. The data reached an all-time high of 63.728 USD mn in Sep 2019 and a record low of 4.798 USD mn in Sep 2018. Turkey Kalkınma A.S.: Net Income or Loss data remains active status in CEIC and is reported by The Banks Association of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB075: Banks Ranked by Total Assets.

Turkey Turkiye Garanti BBVA A.S.: Net Income or Loss data was reported at 874.680 USD mn in Sep 2019. This records an increase from the previous number of 631.252 USD mn for Jun 2019. Turkey Turkiye Garanti BBVA A.S.: Net Income or Loss data is updated quarterly, averaging 885.053 USD mn from Dec 2015 (Median) to Sep 2019, with 16 observations. The data reached an all-time high of 1.682 USD bn in Dec 2017 and a record low of 305.942 USD mn in Mar 2019. Turkey Turkiye Garanti BBVA A.S.: Net Income or Loss data remains active status in CEIC and is reported by The Banks Association of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB075: Banks Ranked by Total Assets.

Germany led the ranking of source countries of greenfield foreign direct investment (FDI) projects in Turkey in 2024, at 67. It was followed by France with 40 projects.