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Economy of Turkey. Statistics, Data and Indicators

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Turkey
44BB- Credit rank #68
127.64 Quality of life #43
86 Corruption rank#72
33 Ease of doing business#43
Turkey


Turkey Major Economic Indicators

Indicator Data Period
GDP Value 754 USD Billion 2019
GDP Annual Growth Rate 6.7 % 3Q/20
GDP Growth Rate 15.6 % 3Q/20
GDP per capita 14999 USD 2019
Inflation Rate YoY 14.97 % Jan/21
Interest Rate 17 % Feb/21
Unemployment Rate 12.9 % Nov/20
Balance of Trade -3034 USD Million | -3.034 B USD Jan/21
Current Account -3210 USD Million | -3.21 B USD Dec/20
Foreign Exchange Reserves 53864 USD Million | 53.864 B USD Feb/21
Government Debt 1837639 TRY Million | 247.534 B USD Jan/21


GDP
vvp
754
USD Billion
#21 from 174 countries
GDP per capita
vvp
14999
USD
#52 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 754 USD Billion 2019
GDP Annual Growth Rate 6.7 % 3Q/20
GDP Growth Rate 15.6 % 3Q/20
GDP per capita 14999 USD 2019
Gross National Product 31671244 TRY Thousand | 6.9 USD Billion 2Q/16
GDP Constant Prices 501884928 TRY Thousand | 67.605 B USD 3Q/20
GDP per capita PPP 28167 USD 2019
GDP From Agriculture  61527944 TRY Thousand | 8.288 B USD 3Q/20
GDP From Construction  32895124 TRY Thousand | 4.431 B USD 3Q/20
GDP From Manufacturing  76575808 TRY Thousand | 10.315 B USD 3Q/20
GDP From Public Administration  47668536 TRY Thousand | 6.421 B USD 3Q/20
GDP From Services  109963464 TRY Thousand | 14.812 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 33.1 % 2019
Government Budget Value -24.15 TRY Thousand | 0 USD Billion Jan/21
Government Spending 62371480 TRY Thousand | 8.402 USD Billion 3Q/20
Government Debt 1837639 TRY Million | 247.534 USD Billion Jan/21
Government Revenues 89.61 TRY Thousand | 0 USD Billion Jan/21
Fiscal Expenditure  114 TRY Thousand | 0 B USD Jan/21
Government Budget to GDP -2.9 % 2019
Military Expenditure 22088 USD Million | 22.088 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 513 index points Jan/21
Export Prices 93.97 index points Dec/20
Food Inflation 18.11 % Feb/21
Gasoline Prices 0.99 USD/Liter Feb/21
GDP Deflator 200 index points 3Q/20
Import Prices 89.63 index points Dec/20
Inflation Rate YoY 14.97 % Jan/21
Producer Prices 583 index points Jan/21
Inflation Rate Mom 1.68 % Jan/21
Core Consumer Prices 431 Index Points Jan/21
Core Inflation Rate 15.5 % Jan/21
CPI Housing Utilities 550 Index Points Jan/21
CPI Transportation 521 Index Points Jan/21
Harmonised Consumer Prices 193 Index Points Dec/20
Producer Prices Change  26.16 % Jan/21


Trade Indicators

Indicator Data Period
Current Account to GDP 1.2 % 2019
Weapons Sales 364 USD Million 2018
Balance of Trade -3034 USD Million | -3.034 USD Billion Jan/21
Capital Flows -2490 USD Million | -2.49 USD Billion Dec/20
Current Account -3210 USD Million | -3.21 USD Billion Dec/20
Exports 15045 USD Million | 15.045 USD Billion Jan/21
External Debt 435121 USD Million | 435.121 USD Billion 3Q/20
Foreign Exchange Reserves 53864 USD Million | 53.864 USD Billion Feb/21
Imports 18079 USD Million | 18.079 USD Billion Jan/21
Terms of Trade  105 Index Points Dec/20
Tourism Revenues  3914 USD Million | 3.914 B USD Dec/20
Tourist Arrivals 509787 Persons | 0.51 Million Persons Jan/21


Money Indicators

Indicator Data Period
Gold Reserves 544 Tonnes 4Q/20
Interbank Rate 17.53 % Feb/21
Interest Rate 17 % Feb/21
Loans to Private Sector 1716176512 TRY Thousand | 231.173 USD Billion Jan/21
Money Supply M1 1200674688 TRY Thousand | 161.734 USD Billion Jan/21
Money Supply M2 3336124416 TRY Thousand | 449.384 USD Billion Jan/21
Money Supply M3 3430127104 TRY Thousand | 462.046 USD Billion Jan/21
Central Bank Balance Sheet 1254641152 TRY Thousand | 169.003 B USD Jan/21
Deposit Interest Rate 15.5 % Feb/21
Foreign Direct Investment 1027 USD Million | 1.027 B USD 2020
Private Sector Credit  2797490688 TRY Thousand | 3768.283 B USD Jan/21


Labor Indicators

Indicator Data Period
Minimum Wages 3578 TRY/Month | 481.965 USD/Month 4Q/21
Retirement Age Men 60 2020
Retirement Age Women 58 2020
Unemployment Rate 12.9 % Nov/20
Youth Unemployment Rate 24.9 % Oct/20
Employed Persons 27066 Thousand Person | 27.066 Million Person Nov/20
Employment Rate  43.1 % Nov/20
Full Time Employment 23787 Thousand Person 3Q/20
Labor Force Participation Rate 49.4 % Nov/20
Living Wage Family 3190 TRY/Month | 465.354 USD/Month 2018
Living Wage Individual 1930 TRY/Month | 281.547 USD/Month 2018
Long Term Unemployment Rate 3.3 % 3Q/20
Part Time Employment 2993 Thousand Persons 3Q/20
Unemployed Persons 4005 Thousand Persons | 4.005 Million Persons Nov/20
Wages High Skilled 2830 TRY/Month | 412.838 USD/Month 2018
Wages Low Skilled  1380 TRY/Month | 201.313 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 64 BBL/D/1K Oct/20
Electricity Production 24344 GWh Oct/20
Industrial Production 9 % Dec/20
Mining Production 6 % Dec/20
Steel Production 3400 Thousand Tonnes Jan/21
Car Production 106176 Units | 106.176 Units Jan/21
Industrial Production (MoM) 1.3 % Dec/20


Business Indicators

Indicator Data Period
Bankruptcies 958 companies Jan/21
Business Confidence 109 index points Feb/21
Corruption Index 40 index points 2020
Corruption Rank 86 place 2020
Ease of Doing Business 33 place 2019
Manufacturing PMI 54.4 index points Jan/21
Manufacturing Production 9.5 % Dec/20
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 95.8 Index points Feb/21
Leading Economic Index  2.99 % Jan/21
Total Vehicle Sales 43728 Units | 0.044 M Units Jan/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 84.5 index points Feb/21
Private Debt To GDP 164 % 2018
Retail Sales MoM -4.2 % Dec/20
Retail Sales YoY 0.6 % Dec/20
Consumer Credit 836038592 TRY Thousand | 112.616 USD Billion Jan/21
Consumer Spending 299349216 TRY Thousand | 40.323 USD Billion 3Q/20
Households Debt To GDP 16.7 % 2Q/20


Housing Market

Indicator Data Period
Existing Home Sales 69083 Units | 69.083 K Units Dec/20
New Home Sales  36898 Units Dec/20


Government Debt
dept_icon
247.534
USD Billion
#20 from 65 countries
Balance of Trade
balance_icon
-3.034
USD Billion
#156 from 173 countries


Gold Reserves
gold_reserve_icon
544
Tonnes
#13 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
53.864
USD Billion
#19 from 114 countries


Government Budget Value
balance_icon
0
USD Billion
#86 from 113 countries
Inflation Rate
inflation_icon
14.97
%
#20 from 174 countries


Interest Rate
discount_rate_icon
17
%
#14 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
12.9
%
#28 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries


Retirement Age
man_icon
woman_icon
60
58
men
women
Taxes
company_icon
private_icon
22%
35%
company profits
income of individuals