Turkey Economic Statistics and Indicators

24, Feb 2020, EST. 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

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 %.