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Indicators of economy in Turkey

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Turkey reached 9.127 US dollars per inhabitant, or 761.43 bn US Dollar in the whole country. Turkey is therefore one of the world's largest economies and is currently at rank 19. If this is calculated per inhabitant taking into account the purchasing power parity, then Turkey is in the list of the world's richest countries in place 56.

Inflation in Turkey was in 2019 at around 15.18%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 56.03% lower.
The Corruption Perceptions Index for the public sector counts 40 and is compared to other countries bad.


Back to overview: Turkey

Unemployment rates in percent 1991 - 2020

Economic performance 2019

 Turkey
Total
Turkey
per capita
EU
Total
EU
per capita
GDP761.43 bn USD9,126.56 USD15,626.45 tn USD30,381.17 USD
Gross national product808.70 bn USD9,693.18 USD16,026.52 tn USD31,158.99 USD


Turkey ranked 33rd in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 8 of the 2000 largest listed companies in the world originate from Turkey. This is determined annually in the "Forbes Global 2000" list. The 8 largest companies in the country were in 2020:

Rank 718: Isbank (Istanbul)
Rank 799: Garanti Bank (Istanbul)
Rank 836: Koç Holding (Istanbul)
Rank 850: Akbank (Istanbul)
Rank 886: Sabanci Holding (Istanbul)
Rank 991: Turkish Airlines (Istanbul)
Rank 1004: VakifBank (Istanbul)
Rank 1247: Halkbank (Istanbul)

Development of the Gross domestic product in billion US Dollar 1979 - 2019


Household debt and deficits 2010


 Turkey
Total
Turkey
per capita
EU
Total
EU
per capita
Gross debt298.42 bn USD3,576.94 USD14,618.72 tn USD28,421.93 USD
Budget deficit19.04 bn USD228.24 USD148.52 bn USD288.76 USD


Im- and Exports 2019

 Turkey
Total
Turkey
per capita
EU
Total
EU
per capita
Imports226.52 bn USD2,715.12 USD8,073.39 bn USD15,696.41 USD
Exports246.92 bn USD2,959.64 USD8,622.21 bn USD16,763.44 USD


Development of imports and exports in billion US dollars 1979 - 2019

Exports
Imports



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