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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
101 Corruption rank#72
33 Ease of doing business#43
Turkey


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 61.53 % Sep/23
Interest Rate 30 % Sep/23
Unemployment Rate 9.2 % Aug/23
Balance of Trade -5000 USD Million | -5 B USD Sep/23
Current Account -619 USD Million | -0.619 B USD Aug/23
Foreign Exchange Reserves 81580 USD Million | 81.58 B USD Sep/23
Government Debt 5879981 TRY Million | 212.591 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 | 19.038 B USD 2Q/23
GDP per capita PPP 32998 USD 2022
GDP From Agriculture  18879000 TRY Thousand | 0.683 B USD 2Q/23
GDP From Construction  28059208 TRY Thousand | 1.014 B USD 2Q/23
GDP From Manufacturing  88587168 TRY Thousand | 3.203 B USD 2Q/23
GDP From Public Administration  53283532 TRY Thousand | 1.926 B USD 2Q/23
GDP From Services  139513472 TRY Thousand | 5.044 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 | 2.437 USD Billion 2Q/23
Government Debt 5879981 TRY Million | 212.591 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) 1691 index points Sep/23
Export Prices 114 index points Jul/23
Food Inflation 75.14 % Sep/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 61.53 % Sep/23
Producer Prices 2750 index points Sep/23
Inflation Rate Mom 4.75 % Sep/23
Core Consumer Prices 1346 Index Points Sep/23
Core Inflation Rate 68.93 % Sep/23
CPI Housing Utilities 1382 Index Points Sep/23
CPI Transportation 2167 Index Points Sep/23
Harmonised Consumer Prices 619 Index Points Aug/23
Producer Prices Change  47.44 % Sep/23


Trade Indicators

Indicator Data Period
Current Account to GDP -5.4 % 2022
Weapons Sales 398 USD Million 2022
Balance of Trade -5000 USD Million | -5 USD Billion Sep/23
Capital Flows 3896 USD Million | 3.896 USD Billion Aug/23
Current Account -619 USD Million | -0.619 USD Billion Aug/23
Exports 22670 USD Million | 22.67 USD Billion Sep/23
External Debt 475768 USD Million | 475.768 USD Billion 2Q/23
Foreign Exchange Reserves 81580 USD Million | 81.58 USD Billion Sep/23
Imports 27660 USD Million | 27.66 USD Billion Sep/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 % Oct/23
Interest Rate 30 % Sep/23
Loans to Private Sector 4803121152 TRY Thousand | 173.657 USD Billion Aug/23
Money Supply M1 4492328960 TRY Thousand | 162.421 USD Billion Sep/23
Money Supply M2 12349279232 TRY Thousand | 446.49 USD Billion Sep/23
Money Supply M3 12666008576 TRY Thousand | 457.941 USD Billion Sep/23
Central Bank Balance Sheet 5630173696 TRY Thousand | 203.56 B USD Aug/23
Deposit Interest Rate 28.5 % Sep/23
Foreign Direct Investment 287 USD Million | 0.287 B USD 2023
Private Sector Credit  8013118464 TRY Thousand | 2897.153 B USD Aug/23


Labor Indicators

Indicator Data Period
Minimum Wages 13414 TRY/Month | 484.985 USD/Month 4Q/23
Retirement Age Men 60 2022
Retirement Age Women 58 2022
Unemployment Rate 9.2 % Aug/23
Youth Unemployment Rate 17.2 % Aug/23
Employed Persons 31686 Thousand Person | 31.686 Million Person Aug/23
Employment Rate  48.4 % Aug/23
Full Time Employment 23012 Thousand Person 4Q/20
Labor Force Participation Rate 53.3 % Aug/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 3223 Thousand Persons | 3.223 Million Persons Aug/23
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 76 BBL/D/1K May/23
Electricity Production 29710 GWh Jul/23
Industrial Production 3.1 % Aug/23
Mining Production 5.07 % Aug/23
Steel Production 2800 Thousand Tonnes Aug/23
Car Production 73020 Units | 73.02 Units Aug/23
Industrial Production (MoM) -0.8 % Aug/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 49.6 index points Sep/23
Manufacturing Production 1.78 % Aug/23
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 95.4 Index points Sep/23
Leading Economic Index  5.62 % Aug/23
Total Vehicle Sales 96793 Units | 0.097 M Units Sep/23


Consumer Indicators

Indicator Data Period
Consumer Confidence 71.47 index points Sep/23
Private Debt To GDP 184 % 2021
Retail Sales MoM -4.7 % Aug/23
Retail Sales YoY 17.2 % Aug/23
Consumer Credit 2656987904 TRY Thousand | 96.064 USD Billion Sep/23
Consumer Spending 400609344 TRY Thousand | 14.484 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