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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 720 USD Billion 2020
GDP Annual Growth Rate 7.4 % 3Q/21
GDP Growth Rate 2.7 % 3Q/21
GDP per capita 12035 USD 2020
Inflation Rate YoY 36.08 % Dec/21
Interest Rate 14 % Jan/22
Unemployment Rate 11.2 % Nov/21
Balance of Trade -5402 USD Million | -5.402 B USD Nov/21
Current Account -2681 USD Million | -2.681 B USD Nov/21
Foreign Exchange Reserves 70700 USD Million | 70.7 B USD Jan/22
Government Debt 2747700 TRY Million | 204.196 B USD Dec/21


GDP
vvp
720
USD Billion
#21 from 174 countries
GDP per capita
vvp
15226
USD
#52 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 720 USD Billion 2020
GDP Annual Growth Rate 7 % 1Q/21
GDP Growth Rate 1.7 % 1Q/21
GDP per capita 15226 USD 2020
Gross National Product 31671244 TRY Thousand | 6.9 USD Billion 2Q/16
GDP Constant Prices 434359392 TRY Thousand | 50.009 B USD 1Q/21
GDP per capita PPP 28385 USD 2020
GDP From Agriculture  11976981 TRY Thousand | 1.379 B USD 1Q/21
GDP From Construction  24993584 TRY Thousand | 2.878 B USD 1Q/21
GDP From Manufacturing  79009208 TRY Thousand | 9.096 B USD 1Q/21
GDP From Public Administration  50183552 TRY Thousand | 5.778 B USD 1Q/21
GDP From Services  98509560 TRY Thousand | 11.342 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 39.5 % 2020
Government Budget Value -25.03 TRY Thousand | 0 USD Billion Jun/21
Government Spending 61363116 TRY Thousand | 7.065 USD Billion 1Q/21
Government Debt 2001434 TRY Million | 230.429 USD Billion May/21
Government Revenues 88.35 TRY Thousand | 0 USD Billion Jun/21
Fiscal Expenditure  113 TRY Thousand | 0 B USD Jun/21
Government Budget to GDP -3.4 % 2020
Military Expenditure 19567 USD Million | 19.567 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 547 index points Jun/21
Export Prices 102 index points May/21
Food Inflation 19.99 % Jun/21
Gasoline Prices 0.9 USD/Liter Jun/21
GDP Deflator 173 index points 1Q/21
Import Prices 112 index points May/21
Inflation Rate YoY 17.53 % Jun/21
Producer Prices 694 index points Jun/21
Inflation Rate Mom 1.94 % Jun/21
Core Consumer Prices 462 Index Points Jun/21
Core Inflation Rate 17.48 % Jun/21
CPI Housing Utilities 574 Index Points Jun/21
CPI Transportation 561 Index Points Jun/21
Harmonised Consumer Prices 210 Index Points Jun/21
Producer Prices Change  42.89 % Jun/21


Trade Indicators

Indicator Data Period
Current Account to GDP -5.1 % 2020
Weapons Sales 141 USD Million 2020
Balance of Trade -4129 USD Million | -4.129 USD Billion May/21
Capital Flows -1516 USD Million | -1.516 USD Billion Apr/21
Current Account -3081 USD Million | -3.081 USD Billion May/21
Exports 16498 USD Million | 16.498 USD Billion May/21
External Debt 448393 USD Million | 448.393 USD Billion 1Q/21
Foreign Exchange Reserves 62583 USD Million | 62.583 USD Billion Jul/21
Imports 20627 USD Million | 20.627 USD Billion May/21
Terms of Trade  91.63 Index Points May/21
Tourism Revenues  2452 USD Million | 2.452 B USD Mar/21
Tourist Arrivals 936282 Persons | 0.936 Million Persons May/21


Money Indicators

Indicator Data Period
Gold Reserves 513 Tonnes 1Q/21
Interbank Rate 19.48 % Jul/21
Interest Rate 19 % Jul/21
Loans to Private Sector 1847921280 TRY Thousand | 212.755 USD Billion May/21
Money Supply M1 1374960256 TRY Thousand | 158.302 USD Billion Jun/21
Money Supply M2 3778096896 TRY Thousand | 434.98 USD Billion Jun/21
Money Supply M3 3889585664 TRY Thousand | 447.816 USD Billion Jun/21
Central Bank Balance Sheet 1434143104 TRY Thousand | 165.116 B USD Jun/21
Deposit Interest Rate 17.5 % Jul/21
Foreign Direct Investment 256 USD Million | 0.256 B USD 2021
Private Sector Credit  2980059136 TRY Thousand | 3431.003 B USD May/21


Labor Indicators

Indicator Data Period
Minimum Wages 3578 TRY/Month | 411.942 USD/Month 4Q/21
Retirement Age Men 60 2021
Retirement Age Women 58 2021
Unemployment Rate 13.2 % May/21
Youth Unemployment Rate 24 % May/21
Employed Persons 27844 Thousand Person | 27.844 Million Person May/21
Employment Rate  43.8 % May/21
Full Time Employment 23012 Thousand Person 4Q/20
Labor Force Participation Rate 50.5 % May/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 3.5 % 4Q/20
Part Time Employment 3297 Thousand Persons 4Q/20
Unemployed Persons 4237 Thousand Persons | 4.237 Million Persons May/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 25 % 2021
Personal Income Tax Rate 40 % 2021
Sales Tax Rate 18 % 2021
Social Security Rate 37.5 % 2021
Social Security Rate For Companies 22.5 % 2021
Social Security Rate For Employees 15 % 2021


Production Indicators

Indicator Data Period
Crude Oil Production 64 BBL/D/1K Mar/21
Electricity Production 24847 GWh Apr/21
Industrial Production 40.7 % May/21
Mining Production 33.4 % May/21
Steel Production 3200 Thousand Tonnes May/21
Car Production 107219 Units | 107.219 Units Jun/21
Industrial Production (MoM) 1.3 % May/21


Business Indicators

Indicator Data Period
Bankruptcies 1269 companies Jun/21
Business Confidence 113 index points Jun/21
Corruption Index 40 index points 2020
Corruption Rank 86 place 2020
Ease of Doing Business 33 place 2019
Manufacturing PMI 51.3 index points Jun/21
Manufacturing Production 42.8 % May/21
Competitiveness Index 62.14 Index Points 2019
Competitiveness Rank 61 2019
Economic Optimism Index 97.8 Index points Jun/21
Leading Economic Index  12.09 % May/21
Total Vehicle Sales 79819 Units | 0.08 M Units Jun/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 81.7 index points Jun/21
Private Debt To GDP 166 % 2019
Retail Sales MoM -6.1 % May/21
Retail Sales YoY 27 % May/21
Consumer Credit 899666304 TRY Thousand | 103.58 USD Billion Jun/21
Consumer Spending 259540640 TRY Thousand | 29.881 USD Billion 1Q/21
Households Debt To GDP 17.5 % 4Q/20


Housing Market

Indicator Data Period
Existing Home Sales 40962 Units | 40.962 K Units May/21
New Home Sales  18204 Units May/21


Government Debt
dept_icon
230.429
USD Billion
#20 from 65 countries
Balance of Trade
balance_icon
-4.129
USD Billion
#156 from 173 countries


Gold Reserves
gold_reserve_icon
513
Tonnes
#13 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
62.583
USD Billion
#19 from 114 countries


Government Budget Value
balance_icon
0
USD Billion
#86 from 113 countries
Inflation Rate
inflation_icon
17.53
%
#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
13.2
%
#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
25%
40%
company profits
income of individuals


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