Economy of Turkey. Statistics, Data and Indicators

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

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

754
USD Billion
#21 from 174 countries
GDP per capita

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
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 22 % | 2020 |
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 | 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

247.534
USD Billion
#20 from 65 countries
Balance of Trade

-3.034
USD Billion
#156 from 173 countries
Gold Reserves

544
Tonnes
#13 from 114 countries
Foreign Exchange Reserves

53.864
USD Billion
#19 from
114 countries
Government Budget Value

0
USD Billion
#86 from 113 countries
Inflation Rate

14.97
%
#20 from
174 countries
Interest Rate

17
%
#14 from
159 countries
Bank Lending Rate

N/A%
#N/A from
N/A countries
Unemployment Rate

12.9
%
#28 from
171 countries
Wages

N/A
N/A
#N/A from
N/A countries
Retirement Age


60
58
men
women
Taxes


22%
35%
company profits
income of individuals