Economy of Turkey. Statistics, Data and Indicators

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

Turkey Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 906 USD Billion | 2022 |
GDP Annual Growth Rate | 3.8 % | 2Q/23 |
GDP Growth Rate | 3.5 % | 2Q/23 |
GDP per capita | 13991 USD | 2022 |
Inflation Rate YoY | 58.94 % | Aug/23 |
Interest Rate | 30 % | Sep/23 |
Unemployment Rate | 9.4 % | Jul/23 |
Balance of Trade | -8880 USD Million | -8.88 B USD | Aug/23 |
Current Account | -5466 USD Million | -5.466 B USD | Jul/23 |
Foreign Exchange Reserves | 80060 USD Million | 80.06 B USD | Sep/23 |
Government Debt | 5879981 TRY Million | 215.67 B USD | Aug/23 |
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 906 USD Billion | 2022 |
GDP Annual Growth Rate | 3.8 % | 2Q/23 |
GDP Growth Rate | 3.5 % | 2Q/23 |
GDP per capita | 13991 USD | 2022 |
Gross National Product | 31671244 TRY Thousand | 6.9 USD Billion | 2Q/16 |
GDP Constant Prices | 526577408 TRY Thousand | 19.314 B USD | 2Q/23 |
GDP per capita PPP | 32998 USD | 2022 |
GDP From Agriculture | 18879000 TRY Thousand | 0.692 B USD | 2Q/23 |
GDP From Construction | 28059208 TRY Thousand | 1.029 B USD | 2Q/23 |
GDP From Manufacturing | 88587168 TRY Thousand | 3.249 B USD | 2Q/23 |
GDP From Public Administration | 53283532 TRY Thousand | 1.954 B USD | 2Q/23 |
GDP From Services | 139513472 TRY Thousand | 5.117 B USD | 2Q/23 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 31.7 % | 2022 |
Government Budget Value | 51.27 TRY Thousand | 0 USD Billion | Aug/23 |
Government Spending | 67390992 TRY Thousand | 2.472 USD Billion | 2Q/23 |
Government Debt | 5879981 TRY Million | 215.67 USD Billion | Aug/23 |
Government Revenues | 614 TRY Thousand | 0 USD Billion | Aug/23 |
Fiscal Expenditure | 563 TRY Thousand | 0 B USD | Aug/23 |
Government Budget to GDP | -0.9 % | 2022 |
Military Expenditure | 10645 USD Million | 10.645 B USD | 2022 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 1614 index points | Aug/23 |
Export Prices | 114 index points | Jul/23 |
Food Inflation | 72.86 % | Aug/23 |
Gasoline Prices | 1.36 USD/Liter | Sep/23 |
GDP Deflator | 209 index points | 2Q/23 |
Import Prices | 127 index points | Jul/23 |
Inflation Rate YoY | 58.94 % | Aug/23 |
Producer Prices | 2660 index points | Aug/23 |
Inflation Rate Mom | 9.09 % | Aug/23 |
Core Consumer Prices | 1279 Index Points | Aug/23 |
Core Inflation Rate | 64.85 % | Aug/23 |
CPI Housing Utilities | 1307 Index Points | Aug/23 |
CPI Transportation | 2077 Index Points | Aug/23 |
Harmonised Consumer Prices | 619 Index Points | Aug/23 |
Producer Prices Change | 49.41 % | Aug/23 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | -5.4 % | 2022 |
Weapons Sales | 398 USD Million | 2022 |
Balance of Trade | -8880 USD Million | -8.88 USD Billion | Aug/23 |
Capital Flows | -1103 USD Million | -1.103 USD Billion | Jul/23 |
Current Account | -5466 USD Million | -5.466 USD Billion | Jul/23 |
Exports | 21620 USD Million | 21.62 USD Billion | Aug/23 |
External Debt | 475650 USD Million | 475.65 USD Billion | 1Q/23 |
Foreign Exchange Reserves | 80060 USD Million | 80.06 USD Billion | Sep/23 |
Imports | 30490 USD Million | 30.49 USD Billion | Aug/23 |
Terms of Trade | 89.57 Index Points | Jul/23 |
Tourism Revenues | 12975 USD Million | 12.975 B USD | Jun/23 |
Tourist Arrivals | 6660700 Persons | 6.661 Million Persons | Aug/23 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Gold Reserves | 440 Tonnes | 2Q/23 |
Interbank Rate | 15.63 % | Sep/23 |
Interest Rate | 30 % | Sep/23 |
Loans to Private Sector | 4776102400 TRY Thousand | 175.181 USD Billion | Jul/23 |
Money Supply M1 | 4545718784 TRY Thousand | 166.731 USD Billion | Aug/23 |
Money Supply M2 | 12025285632 TRY Thousand | 441.072 USD Billion | Aug/23 |
Money Supply M3 | 12343367680 TRY Thousand | 452.738 USD Billion | Aug/23 |
Central Bank Balance Sheet | 5630173696 TRY Thousand | 206.507 B USD | Aug/23 |
Deposit Interest Rate | 28.5 % | Sep/23 |
Foreign Direct Investment | 521 USD Million | 0.521 B USD | 2023 |
Private Sector Credit | 7880814080 TRY Thousand | 2890.578 B USD | Jul/23 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Minimum Wages | 13414 TRY/Month | 492.008 USD/Month | 4Q/23 |
Retirement Age Men | 60 | 2022 |
Retirement Age Women | 58 | 2022 |
Unemployment Rate | 9.4 % | Jul/23 |
Youth Unemployment Rate | 18 % | Jul/23 |
Employed Persons | 31671 Thousand Person | 31.671 Million Person | Jul/23 |
Employment Rate | 48.4 % | Jul/23 |
Full Time Employment | 23012 Thousand Person | 4Q/20 |
Labor Force Participation Rate | 53.4 % | Jul/23 |
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 | 3.5 % | 4Q/20 |
Part Time Employment | 3297 Thousand Persons | 4Q/20 |
Unemployed Persons | 3291 Thousand Persons | 3.291 Million Persons | Jul/23 |
Wages High Skilled | 2830 TRY/Month | 412.838 USD/Month | 2018 |
Wages Low Skilled | 1380 TRY/Month | 201.313 USD/Month | 2018 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 25 % | 2023 |
Personal Income Tax Rate | 40 % | 2023 |
Sales Tax Rate | 20 % | 2023 |
Social Security Rate | 34.5 % | 2022 |
Social Security Rate For Companies | 20.5 % | 2022 |
Social Security Rate For Employees | 14 % | 2022 |
Production Indicators
Indicator | Data | Period |
---|---|---|
Crude Oil Production | 76 BBL/D/1K | May/23 |
Electricity Production | 23502 GWh | Jun/23 |
Industrial Production | 7.4 % | Jul/23 |
Mining Production | 1.73 % | Jul/23 |
Steel Production | 2900 Thousand Tonnes | Jul/23 |
Car Production | 73020 Units | 73.02 Units | Aug/23 |
Industrial Production (MoM) | -0.4 % | Jul/23 |
Business Indicators
Indicator | Data | Period |
---|---|---|
Bankruptcies | 1784 companies | Aug/23 |
Business Confidence | 104 index points | Sep/23 |
Corruption Index | 36 index points | 2022 |
Corruption Rank | 101 place | 2022 |
Ease of Doing Business | 33 place | 2019 |
Manufacturing PMI | 49 index points | Aug/23 |
Manufacturing Production | 7.44 % | Jul/23 |
Competitiveness Index | 62.14 Index Points | 2019 |
Competitiveness Rank | 61 | 2019 |
Economic Optimism Index | 94.1 Index points | Aug/23 |
Leading Economic Index | 5.62 % | Aug/23 |
Total Vehicle Sales | 86454 Units | 0.086 M Units | Aug/23 |
Consumer Indicators
Indicator | Data | Period |
---|---|---|
Consumer Confidence | 71.47 index points | Sep/23 |
Private Debt To GDP | 184 % | 2021 |
Retail Sales MoM | 2.7 % | Jul/23 |
Retail Sales YoY | 31.01 % | Jul/23 |
Consumer Credit | 2558623232 TRY Thousand | 93.847 USD Billion | Aug/23 |
Consumer Spending | 400609344 TRY Thousand | 14.694 USD Billion | 2Q/23 |
Households Debt To GDP | 11.4 % | 1Q/23 |
Housing Market
Indicator | Data | Period |
---|---|---|
Existing Home Sales | 86781 Units | 86.781 K Units | Aug/23 |
New Home Sales | 31641 Units | Jul/23 |