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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
91 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 -9.9 % 2Q/20
GDP Growth Rate -11 % 2Q/20
GDP per capita 14999 USD 2019
Inflation Rate YoY 11.77 % Aug/20
Interest Rate 10.25 % Sep/20
Unemployment Rate 13.4 % Jun/20
Balance of Trade -2697 USD Million | -2.697 B USD Jul/20
Current Account -1817 USD Million | -1.817 B USD Jul/20
Foreign Exchange Reserves 43159 USD Million | 43.159 B USD Sep/20
Government Debt 1810400 TRY Million | 236.227 B USD Aug/20


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 -9.9 % 2Q/20
GDP Growth Rate -11 % 2Q/20
GDP per capita 14999 USD 2019
Gross National Product 31671244 TRY Thousand | 6.9 USD Billion 2Q/16
GDP Constant Prices 386508416 TRY Thousand | 50.433 B USD 2Q/20
GDP per capita PPP 28167 USD 2019
GDP From Agriculture  18683446 TRY Thousand | 2.438 B USD 2Q/20
GDP From Construction  28947528 TRY Thousand | 3.777 B USD 2Q/20
GDP From Manufacturing  56957008 TRY Thousand | 7.432 B USD 2Q/20
GDP From Public Administration  45602560 TRY Thousand | 5.95 B USD 2Q/20
GDP From Services  76463064 TRY Thousand | 9.977 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 33.1 % 2019
Government Budget Value -28207544 TRY Thousand | -3.681 USD Billion Jul/20
Government Spending 61578544 TRY Thousand | 8.035 USD Billion 2Q/20
Government Debt 1810400 TRY Million | 236.227 USD Billion Aug/20
Government Revenues 85801712 TRY Thousand | 11.196 USD Billion Jul/20
Fiscal Expenditure  114009248 TRY Thousand | 14.876 B USD Jul/20
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) 473 index points Aug/20
Export Prices 90.73 index points Jul/20
Food Inflation 13.51 % Aug/20
Gasoline Prices 0.91 USD/Liter Aug/20
GDP Deflator 154 index points 2Q/20
Import Prices 80.76 index points Jul/20
Inflation Rate YoY 11.77 % Aug/20
Producer Prices 502 index points Aug/20
Inflation Rate Mom 0.86 % Aug/20
Core Consumer Prices 400 Index Points Aug/20
Core Inflation Rate 11.03 % Aug/20
CPI Housing Utilities 510 Index Points Aug/20
CPI Transportation 462 Index Points Aug/20
Harmonised Consumer Prices 181 Index Points Aug/20
Producer Prices Change  11.53 % Aug/20


Trade Indicators

Indicator Data Period
Current Account to GDP 1.2 % 2019
Weapons Sales 364 USD Million 2018
Balance of Trade -2697 USD Million | -2.697 USD Billion Jul/20
Capital Flows -3711 USD Million | -3.711 USD Billion Jul/20
Current Account -1817 USD Million | -1.817 USD Billion Jul/20
Exports 15012 USD Million | 15.012 USD Billion Jul/20
External Debt 431034 USD Million | 431.034 USD Billion 1Q/20
Foreign Exchange Reserves 43159 USD Million | 43.159 USD Billion Sep/20
Imports 17709 USD Million | 17.709 USD Billion Jul/20
Terms of Trade  112 Index Points Jul/20
Tourism Revenues  788 USD Million | 0.788 B USD Mar/20
Tourist Arrivals 1814701 Persons | 1.815 Million Persons Aug/20


Money Indicators

Indicator Data Period
Gold Reserves 583 Tonnes 2Q/20
Interbank Rate 12.72 % Sep/20
Interest Rate 10.25 % Sep/20
Loans to Private Sector 1653607552 TRY Thousand | 215.768 USD Billion Jul/20
Money Supply M1 1212125056 TRY Thousand | 158.162 USD Billion Aug/20
Money Supply M2 3200919296 TRY Thousand | 417.666 USD Billion Aug/20
Money Supply M3 3308755200 TRY Thousand | 431.736 USD Billion Aug/20
Central Bank Balance Sheet 1144361856 TRY Thousand | 149.32 B USD Aug/20
Deposit Interest Rate 8.75 % Sep/20
Foreign Direct Investment 833 USD Million | 0.833 B USD 2020
Private Sector Credit  2653737216 TRY Thousand | 3462.677 B USD Jul/20


Labor Indicators

Indicator Data Period
Minimum Wages 2943 TRY/Month | 384.012 USD/Month 4Q/20
Retirement Age Men 60 2020
Retirement Age Women 58 2020
Unemployment Rate 13.4 % Jun/20
Youth Unemployment Rate 26.1 % Jun/20
Employed Persons 26531 Thousand Person | 26.531 Million Person Jun/20
Employment Rate  41.6 % Jun/20
Full Time Employment 22934 Thousand Person 1Q/20
Labor Force Participation Rate 48.6 % Jun/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 3.4 % 1Q/20
Part Time Employment 3056 Thousand Persons 1Q/20
Unemployed Persons 4101 Thousand Persons | 4.101 Million Persons Jun/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 60 BBL/D/1K May/20
Electricity Production 25815 GWh Dec/19
Industrial Production 4.4 % Jul/20
Mining Production -4.9 % Jul/20
Steel Production 3143 Thousand Tonnes Jul/20
Car Production 75341 Units | 75.341 Units Aug/20
Industrial Production (MoM) 8.4 % Jul/20


Business Indicators

Indicator Data Period
Bankruptcies 1305 companies Aug/20
Business Confidence 105 index points Sep/20
Corruption Index 39 index points 2019
Corruption Rank 91 place 2019
Ease of Doing Business 33 place 2019
Manufacturing PMI 54.3 index points Aug/20
Manufacturing Production 5.1 % Jul/20
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 85.9 Index points Aug/20
Leading Economic Index  3.73 % Aug/20
Total Vehicle Sales 61533 Units | 0.062 M Units Aug/20


Consumer Indicators

Indicator Data Period
Consumer Confidence 82 index points Sep/20
Private Debt To GDP 164 % 2018
Retail Sales MoM 9.5 % Jul/20
Retail Sales YoY 11.9 % Jul/20
Consumer Credit 788005952 TRY Thousand | 102.821 USD Billion Aug/20
Consumer Spending 230395360 TRY Thousand | 30.063 USD Billion 2Q/20
Households Debt To GDP 15.1 % 1Q/20


Housing Market

Indicator Data Period
Existing Home Sales 118285 Units | 118.285 K Units Aug/20
New Home Sales  52123 Units Aug/20


Government Debt
dept_icon
236.227
USD Billion
#20 from 65 countries
Balance of Trade
balance_icon
-2.697
USD Billion
#156 from 173 countries


Gold Reserves
gold_reserve_icon
583
Tonnes
#13 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
43.159
USD Billion
#19 from 114 countries


Government Budget Value
balance_icon
-3.681
USD Billion
#86 from 113 countries
Inflation Rate
inflation_icon
11.77
%
#20 from 174 countries


Interest Rate
discount_rate_icon
10.25
%
#14 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
13.4
%
#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