Turkey Economic Statistics and Indicators

21, May 2018, EDT. Welcome to the Turkey economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Turkey › Change country
National or Regional Currency: New Turkish Lira, TRY
Year of data: 2015 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 81,619,392 (July 2014 est.)
Area: total: 783,562 sq km ; land: 769,632 sq km ; water: 13,930 sq km
Natural Resources: coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable land, hydropower
Capital: name: Ankara ; geographic coordinates: 39 56 N, 32 52 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Turkey's largely free-market economy is increasingly driven by its industry and service sectors, although its traditional agriculture sector still accounts for about 25% of employment. An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy and expanding production beyond the traditional textiles and clothing sectors. The automotive, construction, and electronics industries are rising in importance and have surpassed textiles within Turkey's export mix. Oil began to flow through the Baku-Tbilisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. Several gas pipelines projects also are moving forward to help transport Central Asian gas to Europe through Turkey, which over the long term will help address Turkey's dependence on imported oil and gas to meet 97% of its energy needs. After Turkey experienced a severe financial crisis in 2001, Ankara adopted financial and fiscal reforms as part of an IMF program. The reforms strengthened the country's economic fundamentals and ushered in an era of strong growth averaging more than 6% annually until 2008. Global economic conditions and tighter fiscal policy caused GDP to contract in 2009, but Turkey's well-regulated financial markets and banking system helped the country weather the global financial crisis and GDP rebounded strongly to around 9% in 2010-11, as exports returned to normal levels following the recession. Growth dropped to roughly 3-4% in 2012-13. Turkey's public sector debt to GDP ratio has fallen below 40%, and two rating agencies upgraded Turkey's debt to investment grade in 2012 and 2013. Turkey remains dependent on often volatile, short-term investment to finance its large current account deficit. The stock value of FDI reached nearly $195 billion at year-end 2013, reflecting Turkey's robust growth even in the face of economic turmoil in Europe, the source of much of Turkey's FDI. Turkey's relatively high current account deficit, domestic political uncertainty, and turmoil within Turkey's neighborhood leave the economy vulnerable to destabilizing shifts in investor confidence.
More on the Turkey Economy
More on the Turkey Export, Import and Trade

Economic Indicator Listing
  For Turkey in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 3.84 %
GDP (Current Prices, National Currency)TRY 1,996.31 Billion.
GDP (Current Prices, US Dollars)US$ 733.642 Billion
GDP Deflator 1,524.24 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)TRY 1,684.78 .
GDP Per Capita (Current Prices, National Currency)TRY 25,679.99 .
GDP Per Capita (Current Prices, US Dollars)US$ 9,437.37
GDP (PPP), US DollarsUS$ 1,588.79 Billion
GDP Per Capita (PPP), US DollarsUS$ 20,437.79
GDP Share of World Total (PPP) 1.4 %
Implied PPP Conversion Rate 1.256
Investment (% of GDP) 20.022 %
Gross National Savings (% of GDP) 15.634 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 260.585 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 7.671 %
Inflation, End of Year (Indexed to Year 2000) 269.54 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 8.808 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.517 %
Import Volumes of Goods Only (Percent Change) 0.452 %
Export Volume of All Items Including Goods and Services (Percent Change) -3.066 %
Export Volumes of Goods Only (Percent Change) 0.887 %
Unemployment Rate (% of Labour Force) 10.21 %
Population 77.738 Million
General government revenue (National Currency)TRY 717.698 Billions.
General government revenue (% of GDP) 35.951 %
General government total expenditure (National Currency)TRY 737.808 Billions.
General government total expenditure (% of GDP) 36.959 %
Total Government Net Lending/ Borrowing (National Currency)TRY -20.11 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.007 %
General Government Structural Balance (National Currency)TRY -25.114 Billion.
General Government Structural Balance (% Potential GDP) -1.254 %
Fiscal Year Gross Domestic Product, Current PricesTRY 1,996.31 Billions.
Current Account Balance (US Dollars)US$ -32.192 Billion
Current Account Balance (% GDP) -4.388 %
Economic Indicators for Turkey 2015

GDP (Constant Prices, National Currency) for Turkey in year 2015 is TRY 130.971 Billion.

GDP Growth (Constant Prices, National Currency) for Turkey in year 2015 is 3.84 %.

GDP (Current Prices, National Currency) for Turkey in year 2015 is TRY 1,996.31 Billion.

GDP (Current Prices, US Dollars) for Turkey in year 2015 is US$ 733.642 Billion.

GDP Deflator for Turkey in year 2015 is 1,524.24 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Turkey in year 2015 is TRY 1,684.78 .

GDP Per Capita (Current Prices, National Currency) for Turkey in year 2015 is TRY 25,679.99 .

GDP Per Capita (Current Prices, US Dollars) for Turkey in year 2015 is US$ 9,437.37 .

GDP (PPP), US Dollars for Turkey in year 2015 is US$ 1,588.79 Billion.

GDP Per Capita (PPP), US Dollars for Turkey in year 2015 is US$ 20,437.79 .

GDP Share of World Total (PPP) for Turkey in year 2015 is 1.4 %.

Implied PPP Conversion Rate for Turkey in year 2015 is 1.256 .

Investment (% of GDP) for Turkey in year 2015 is 20.022 %.

Gross National Savings (% of GDP) for Turkey in year 2015 is 15.634 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Turkey in year 2015 is 260.585 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Turkey in year 2015 is 7.671 %.

Inflation, End of Year (Indexed to Year 2000) for Turkey in year 2015 is 269.54 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Turkey in year 2015 is 8.808 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Turkey in year 2015 is 0.517 %.

Import Volumes of Goods Only (Percent Change) for Turkey in year 2015 is 0.452 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Turkey in year 2015 is -3.066 %.

Export Volumes of Goods Only (Percent Change) for Turkey in year 2015 is 0.887 %.

Unemployment Rate (% of Labour Force) for Turkey in year 2015 is 10.21 %.

Population for Turkey in year 2015 is 77.738 Million .

General government revenue (National Currency) for Turkey in year 2015 is TRY 717.698 Billions.

General government revenue (% of GDP) for Turkey in year 2015 is 35.951 %.

General government total expenditure (National Currency) for Turkey in year 2015 is TRY 737.808 Billions.

General government total expenditure (% of GDP) for Turkey in year 2015 is 36.959 %.

Total Government Net Lending/ Borrowing (National Currency) for Turkey in year 2015 is TRY -20.11 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Turkey in year 2015 is -1.007 %.

General Government Structural Balance (National Currency) for Turkey in year 2015 is TRY -25.114 Billion.

General Government Structural Balance (% Potential GDP) for Turkey in year 2015 is -1.254 %.

Fiscal Year Gross Domestic Product, Current Prices for Turkey in year 2015 is TRY 1,996.31 Billions.

Current Account Balance (US Dollars) for Turkey in year 2015 is US$ -32.192 Billion.

Current Account Balance (% GDP) for Turkey in year 2015 is -4.388 %.

* Source: IMF
Aggregate Indicators for Turkey
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Turkey
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Turkey
  Natural Resources, Agricultural Products, Land Use and Water Use for Turkey
  Nationality, Ethnic Groups, Languages and Religions for Turkey
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Turkey
  Age Structure, Median Age, Gender and Urbanization for Turkey
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Turkey
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Turkey
  HIV, AIDS and Other Major Infectious Disease Rates for Turkey
  Literacy Rate, Educational Expenditure and School Life Expectancy for Turkey
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Turkey
  Industries and Industrial Growth Production Rate for Turkey
  Labor Force by Occupation for Turkey
  Poverty Line, Gini Index, Household Income and Consumption for Turkey
  National Budget and Public Debt for Turkey
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Turkey
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Turkey
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Turkey
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Turkey
  Foreign Exchange Reserves and Gold Reserves for Turkey
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Turkey
  Exchange Rate Statistics for Turkey
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Turkey
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Turkey
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Turkey
  Television and Radio Statistics (TV Stats, Radio Stats) for Turkey
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Turkey
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Turkey
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Turkey
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Turkey
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Turkey
* Source: CIA
Internet Indicators for Turkey
Indicators
  Number of Internet Users for Turkey
  Internet Penetration Rate for Turkey
  Number of Facebook Accounts for Turkey
  Facebook Penetration Rate for Turkey
* Source: IWS
Economic Freedom Indicators for Turkey
Indicators
  Economic Freedom World Rank for Turkey
  Government Spending for Turkey
  Monetary Freedom for Turkey
  Investment Freedom for Turkey
  Financial Freedom for Turkey
  Property Rights for Turkey
  Economic Freedom Regional Ranking for Turkey
  Freedom from Corruption for Turkey
  Labor Freedom for Turkey
  Tariff Rate for Turkey
  Income Tax Rate for Turkey
  Corporate Tax Rate for Turkey
  Tax Burden % of GDP for Turkey
  Government Expenditure % of GDP for Turkey
  Business Freedom for Turkey
  Trade Freedom for Turkey
  Fiscal Freedom for Turkey
  2016 Score for Turkey
* Source: HFO
Turkey Economic Indicators in other Years
  Turkey Economic Indicators for Year 2021 (Forecast)
  Turkey Economic Indicators for Year 2020 (Forecast)
  Turkey Economic Indicators for Year 2019 (Forecast)
  Turkey Economic Indicators for Year 2018 (Forecast)
  Turkey Economic Indicators for Year 2017 (Forecast)
  Turkey Economic Indicators for Year 2016 (Forecast)
Turkey Economic Indicators for Year 2015 (Current)
  Turkey Economic Indicators for Year 2014
  Turkey Economic Indicators for Year 2013
  Turkey Economic Indicators for Year 2012
  Turkey Economic Indicators for Year 2011
  Turkey Economic Indicators for Year 2010
  Turkey Economic Indicators for Year 2009
  Turkey Economic Indicators for Year 2008
  Turkey Economic Indicators for Year 2007
  Turkey Economic Indicators for Year 2006
  Turkey Economic Indicators for Year 2005
  Turkey Economic Indicators for Year 2004
  Turkey Economic Indicators for Year 2003
  Turkey Economic Indicators for Year 2002
  Turkey Economic Indicators for Year 2001
  Turkey Economic Indicators for Year 2000
  Turkey Economic Indicators for Year 1999
  Turkey Economic Indicators for Year 1998
  Turkey Economic Indicators for Year 1997
  Turkey Economic Indicators for Year 1996
  Turkey Economic Indicators for Year 1995
  Turkey Economic Indicators for Year 1994
  Turkey Economic Indicators for Year 1993
  Turkey Economic Indicators for Year 1992
  Turkey Economic Indicators for Year 1991
  Turkey Economic Indicators for Year 1990
  Turkey Economic Indicators for Year 1989
  Turkey Economic Indicators for Year 1988
  Turkey Economic Indicators for Year 1987
  Turkey Economic Indicators for Year 1986
  Turkey Economic Indicators for Year 1985
  Turkey Economic Indicators for Year 1984
  Turkey Economic Indicators for Year 1983
  Turkey Economic Indicators for Year 1982
  Turkey Economic Indicators for Year 1981
  Turkey Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International