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Türkiye

Headline economic indicators for Türkiye, with the most recent official readings.

Prices

Prices — Türkiye
Indicator Value Change
Inflation rate · 34.9% -23.63 (-40.4%)
Consumer price index · 1,784.3 +461.44 (+34.9%)
Inflation rate (monthly) · 29.7% -1.80 (-5.7%)
Harmonised consumer price index · 1,676.0 +30.27 (+1.8%)
House price index (quarterly) · 4,838.7 +248.45 (+5.4%)
House price inflation, year on year (quarterly) · 25.1% -1.57 (-5.9%)
Real house price index (quarterly) · 211.2 -5.40 (-2.5%)
Real house price growth, year on year (quarterly) · -5.5% -2.17 (-66.2%)
GDP deflator inflation · 36.4% -22.85 (-38.6%)

GDP

GDP — Türkiye
Indicator Value Change
GDP growth rate · 3.6% +0.28 (+8.3%)
GDP per capita · 18,599.44 +2,707 (+17.0%)
GDP growth, quarter on quarter · 1.1% +0.80 (+266.7%)
GDP growth, year on year (quarterly) · 2.6% +0.00 (+0.0%)
Industrial production, year on year (monthly) · -1.9% -1.60 (-533.3%)
Retail sales volume, year on year (monthly) · 10.1% +0.20 (+2.0%)
Economic sentiment indicator (monthly) · 95.9 -5.00 (-5.0%)
Consumer confidence (monthly) · -15.6 -7.10 (-83.5%)
GDP per capita, long-run history · 27,362 +1,186 (+4.5%)
GDP · 1,597,293,229,287 +238,169,460,513 (+17.5%)
GDP, PPP · 3,889,308,838,892 +30,456,137,912 (+0.8%)
GDP per capita, PPP · 45,288 +165.54 (+0.4%)
GDP per capita growth · 3.2% +0.08 (+2.4%)
GNI per capita · 16,300 +2,870 (+21.4%)
Agriculture to GDP · 5.2% -0.61 (-10.5%)
Industry to GDP · 24.0% -1.48 (-5.8%)
Manufacturing to GDP · 16.8% -2.63 (-13.5%)
Services to GDP · 59.4% +1.90 (+3.3%)
Household consumption to GDP · 54.7% +0.43 (+0.8%)
Gross capital formation to GDP · 31.7% +0.94 (+3.0%)
Gross savings to GDP · 29.9% +0.03 (+0.1%)

Labour

Labour — Türkiye
Indicator Value Change
Unemployment rate · 8.5% -0.28 (-3.2%)
Unemployment rate (monthly) · 8.4% +0.60 (+7.7%)
Labour force participation rate · 54.4% +0.18 (+0.3%)
Female labour force participation rate · 37.1% +0.36 (+1.0%)
Youth unemployment rate · 16.0% -0.24 (-1.5%)
Employment to population ratio · 49.7% +0.32 (+0.6%)
Employment in agriculture · 14.2% -0.33 (-2.3%)
Employment in industry · 27.3% -0.08 (-0.3%)
Employment in services · 58.5% +0.41 (+0.7%)

Money

Money — Türkiye
Indicator Value Change
Central bank policy rate · 37.0% -1.00 (-2.6%)
Real effective exchange rate (monthly) · 108.3 +0.19 (+0.2%)
Nominal effective exchange rate (monthly) · 14.5 -0.18 (-1.2%)
Private sector credit to GDP (quarterly) · 49.1% -0.06 (-0.1%)
Credit-to-GDP gap (quarterly) · -24.68 pp +1.23 (+4.7%)
Debt service ratio, private sector (quarterly) · 25.8% -1.20 (-4.4%)
Broad money to GDP · 42.4% -1.06 (-2.4%)
Private sector credit to GDP · 45.8% +2.82 (+6.6%)
Bank deposit rate · 57.6% -13.44 (-18.9%)
Stock market capitalization to GDP · 25.3% -2.57 (-9.2%)
Bank nonperforming loans · 1.7% +0.17 (+11.7%)
Official exchange rate · 39.45 +6.65 (+20.3%)

Trade

Trade — Türkiye
Indicator Value Change
Current account to GDP · -1.9% -0.94 (-98.2%)
Exports to GDP · 24.8% -2.72 (-9.9%)
Imports to GDP · 25.1% -1.95 (-7.2%)
Trade to GDP · 49.9% -4.66 (-8.5%)
Exports of goods and services · 396,923,725,496.33 +22,237,451,227 (+5.9%)
Imports of goods and services · 400,679,511,057.21 +33,300,433,889 (+9.1%)
Trade balance, goods and services (annual) · -6,355,000,000 -11,737,000,000 (-218.1%)
Current account balance (annual) · -30,338,000,000 -17,311,000,000 (-132.9%)
Foreign direct investment to GDP · 0.8% -0.05 (-5.4%)
Remittances received to GDP · 0.0% -0.02 (-34.1%)
Total reserves, including gold · 185,567,690,700.46 +30,019,007,822 (+19.3%)
Reserves in months of imports · 5.1 +0.43 (+9.1%)
External debt to GNI · 39.4% -5.77 (-12.8%)

Government

Government — Türkiye
Indicator Value Change
Government debt to GDP · 25.5% -5.61 (-18.0%)
Government revenue to GDP · 31.5% -1.58 (-4.8%)
Government expense to GDP · 33.0% +3.97 (+13.6%)
Tax revenue to GDP · 17.6% -0.60 (-3.3%)
Government budget balance to GDP · -3.2% -0.99 (-45.9%)
Government consumption to GDP · 13.9% -0.59 (-4.1%)
Education spending to GDP · 3.1% -0.44 (-12.5%)
Health spending to GDP · 4.3% +0.57 (+15.4%)

Demography

Demography — Türkiye
Indicator Value Change
Population · 85,878,556 +359,895 (+0.4%)
Population, long-run history · 87,201 +854.77 (+1.0%)
Population growth · 0.4% +0.19 (+86.2%)
Life expectancy · 77.4 +0.27 (+0.3%)
Fertility rate · 1.48 -0.03 (-2.0%)
Birth rate · 11.0 -0.20 (-1.8%)
Death rate · 5.7 -0.50 (-8.1%)
Urban population share · 89.5% +0.15 (+0.2%)
Population aged 65 and over · 10.6% +0.29 (+2.8%)
Under-five mortality rate · 9.6 -4.20 (-30.4%)
Population density · 111.1 +0.25 (+0.2%)
Net migration · -258,205 +17,747 (+6.4%)
Gini index · 43.7 -0.80 (-1.8%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Türkiye

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