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Economy of Turkey. Statistics, Data and Indicators

flag
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 5.9 % 4Q/20
GDP Growth Rate 1.7 % 4Q/20
GDP per capita 14999 USD 2019
Inflation Rate YoY 17.14 % Apr/21
Interest Rate 19 % May/21
Unemployment Rate 13.1 % Mar/21
Balance of Trade -4653 USD Million | -4.653 B USD Mar/21
Current Account -3329 USD Million | -3.329 B USD Mar/21
Foreign Exchange Reserves 46920 USD Million | 46.92 B USD Apr/21
Government Debt 1950049 TRY Million | 234.691 B USD Mar/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 5.9 % 4Q/20
GDP Growth Rate 1.7 % 4Q/20
GDP per capita 14999 USD 2019
Gross National Product 31671244 TRY Thousand | 6.9 USD Billion 2Q/16
GDP Constant Prices 512715328 TRY Thousand | 61.706 B USD 4Q/20
GDP per capita PPP 28167 USD 2019
GDP From Agriculture  26744472 TRY Thousand | 3.219 B USD 4Q/20
GDP From Construction  25691276 TRY Thousand | 3.092 B USD 4Q/20
GDP From Manufacturing  84786840 TRY Thousand | 10.204 B USD 4Q/20
GDP From Public Administration  51468252 TRY Thousand | 6.194 B USD 4Q/20
GDP From Services  122923200 TRY Thousand | 14.794 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 39.5 % 2020
Government Budget Value 23.76 TRY Thousand | 0 USD Billion Mar/21
Government Spending 78811000 TRY Thousand | 9.485 USD Billion 4Q/20
Government Debt 1950049 TRY Million | 234.691 USD Billion Mar/21
Government Revenues 135 TRY Thousand | 0 USD Billion Mar/21
Fiscal Expenditure  111 TRY Thousand | 0 B USD Mar/21
Government Budget to GDP -3.4 % 2020
Military Expenditure 20796 USD Million | 20.796 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 532 index points Apr/21
Export Prices 99.95 index points Mar/21
Food Inflation 16.98 % Apr/21
Gasoline Prices 0.87 USD/Liter Apr/21
GDP Deflator 204 index points 4Q/20
Import Prices 110 index points Mar/21
Inflation Rate YoY 17.14 % Apr/21
Producer Prices 642 index points Apr/21
Inflation Rate Mom 1.68 % Apr/21
Core Consumer Prices 446 Index Points Apr/21
Core Inflation Rate 17.77 % Apr/21
CPI Housing Utilities 563 Index Points Apr/21
CPI Transportation 532 Index Points Apr/21
Harmonised Consumer Prices 201 Index Points Mar/21
Producer Prices Change  35.17 % Apr/21


Trade Indicators

Indicator Data Period
Current Account to GDP -5.1 % 2020
Weapons Sales 141 USD Million 2020
Balance of Trade -4653 USD Million | -4.653 USD Billion Mar/21
Capital Flows -729 USD Million | -0.729 USD Billion Feb/21
Current Account -3329 USD Million | -3.329 USD Billion Mar/21
Exports 18984 USD Million | 18.984 USD Billion Mar/21
External Debt 450048 USD Million | 450.048 USD Billion 4Q/20
Foreign Exchange Reserves 46920 USD Million | 46.92 USD Billion Apr/21
Imports 23637 USD Million | 23.637 USD Billion Mar/21
Terms of Trade  90.96 Index Points Mar/21
Tourism Revenues  2452 USD Million | 2.452 B USD Mar/21
Tourist Arrivals 905323 Persons | 0.905 Million Persons Mar/21


Money Indicators

Indicator Data Period
Gold Reserves 544 Tonnes 4Q/20
Interbank Rate 19.48 % May/21
Interest Rate 19 % May/21
Loans to Private Sector 1814808704 TRY Thousand | 218.415 USD Billion Mar/21
Money Supply M1 1262317696 TRY Thousand | 151.922 USD Billion Apr/21
Money Supply M2 3555544832 TRY Thousand | 427.915 USD Billion Apr/21
Money Supply M3 3660712192 TRY Thousand | 440.572 USD Billion Apr/21
Central Bank Balance Sheet 1361644160 TRY Thousand | 163.876 B USD Mar/21
Deposit Interest Rate 17.5 % May/21
Foreign Direct Investment 228 USD Million | 0.228 B USD 2021
Private Sector Credit  2935341568 TRY Thousand | 3532.726 B USD Mar/21


Labor Indicators

Indicator Data Period
Minimum Wages 3578 TRY/Month | 430.617 USD/Month 4Q/21
Retirement Age Men 60 2021
Retirement Age Women 58 2021
Unemployment Rate 13.1 % Mar/21
Youth Unemployment Rate 25 % Mar/21
Employed Persons 28089 Thousand Person | 28.089 Million Person Mar/21
Employment Rate  43.4 % Feb/21
Full Time Employment 23012 Thousand Person 4Q/20
Labor Force Participation Rate 51 % Mar/21
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 3297 Thousand Persons 4Q/20
Unemployed Persons 4236 Thousand Persons | 4.236 Million Persons Mar/21
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 20 % 2021
Personal Income Tax Rate 35 % 2020
Sales Tax Rate 18 % 2020
Social Security Rate 37.5 % 2020
Social Security Rate For Companies 22.5 % 2020
Social Security Rate For Employees 15 % 2020


Production Indicators

Indicator Data Period
Crude Oil Production 64 BBL/D/1K Jan/21
Electricity Production 22930 GWh Feb/21
Industrial Production 16.6 % Mar/21
Mining Production 15.9 % Feb/21
Steel Production 3400 Thousand Tonnes Mar/21
Car Production 123427 Units | 123.427 Units Mar/21
Industrial Production (MoM) 0.7 % Mar/21


Business Indicators

Indicator Data Period
Bankruptcies 1015 companies Mar/21
Business Confidence 111 index points Apr/21
Corruption Index 40 index points 2020
Corruption Rank 86 place 2020
Ease of Doing Business 33 place 2019
Manufacturing PMI 50.4 index points Apr/21
Manufacturing Production 9.3 % Feb/21
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 93.9 Index points Apr/21
Leading Economic Index  7.56 % Mar/21
Total Vehicle Sales 61488 Units | 0.061 M Units Apr/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 80.2 index points Apr/21
Private Debt To GDP 166 % 2019
Retail Sales MoM 5.1 % Mar/21
Retail Sales YoY 19.2 % Mar/21
Consumer Credit 870776320 TRY Thousand | 104.799 USD Billion Apr/21
Consumer Spending 301125216 TRY Thousand | 36.241 USD Billion 4Q/20
Households Debt To GDP 18 % 3Q/20


Housing Market

Indicator Data Period
Existing Home Sales 56485 Units | 56.485 K Units Feb/21
New Home Sales  24737 Units Feb/21


Government Debt
dept_icon
234.691
USD Billion
#20 from 65 countries
Balance of Trade
balance_icon
-4.653
USD Billion
#156 from 173 countries


Gold Reserves
gold_reserve_icon
544
Tonnes
#13 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
46.92
USD Billion
#19 from 114 countries


Government Budget Value
balance_icon
0
USD Billion
#86 from 113 countries
Inflation Rate
inflation_icon
17.14
%
#20 from 174 countries


Interest Rate
discount_rate_icon
19
%
#14 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
13.1
%
#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
20%
35%
company profits
income of individuals


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