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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Turkey reached 8.538 US dollars per inhabitant, or 720.10 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 45.

Inflation in Turkey was in 2020 at around 12.28%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 60.62% lower.
The Corruption Perceptions Index for the public sector counts 40 and is compared to other countries bad.


Back to overview: Turkey