Economy of Turkey
Population: 82.32 M (2018)
GDP per Capita: 9,370 USD (2018)
771,350 M.

GDP USD

(2018)

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227,780 M.

EXPORTS USD

(2018)

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236,240 M.

IMPORTS USD

(2018)

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30.12 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.83 % (2018)
GDP of 2010 USD USD 1,240.50 B. (2018)
GDP Current USD USD 771.35 B. (2018)
GDP per Capita Current USD USD 9,370 (2018)
GDP per capita, PPP USD 25,358 (2018)
GDP per Capita, 2010 USD USD 15,069 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.83 % (2018)
Government Spending USD 114.40 B. (2018)
Government Debt % GDP 30.12 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 94.47 (2018)
Trade Openness 60.16 % (2018)
Exports of Goods and Services % GDP 29.53 % (2018)
Exports Goods & Services USD 227.78 B. (2018)
Exports Annual Growth 7.83 % (2018)
Imports as % GDP 30.63 % (2018)
Total Imports USD 236.24 B. (2018)
Foreign Direct Investment % GDP 1.69 % (2018)
Foreign Direct Investment USD 13.04 B. (2018)
Current Account Balance % GDP USD -3.50 % (2018)
Current Account Balance USD -27.03 B. (2018)
Trade Balance % GDP -1.10 % (2018)
Trade Balance USD -16.09 B. (2018)
Foreign Exchange Reserves incl Gold USD 92.98 B. (2018)
Remittances % GDP 0.15 % (2018)
Remittances USD 791 M. (2018)
Balance of Payments USD 19,107 M. (2018)

Labor Market

Indicator Value
Labor Force 33.12 M. (2019)
Unemployment Rate 11.90 % (2019)
Unemployment Rate Females 16.42 % (2019)
Unemployment Rate Males 12.05 % (2019)
Youth Unemployment (ages 15-24) 21.31 % (2019)
Labor Force Participation Rate 52.43 % (2019)
Labor Force (Percent Female) 32.98 % (2019)
Female Labor Force Participation Rate 33.46 % (2019)
Male Labor Force Participation Rate 72.40 % (2019)
Dependent People 49.55 % (2018)

Agriculture Sector

Indicator Value
Forest Area 15.40 % (2016)
Forest Area km² 118,174 km² (2016)
Agricultural Land 49.80 % (2016)
Agricultural Land km² 383,270 km² (2016)
Employment 19.05 % (2019)
Value added % GDP 5.82 % (2018)
Agriculture Value added USD 44.87 B. (2018)
Crop Production Index 119.30 (2016)
Precipitation 593 mm (2014)
Arable Land 27 % (2016)
Cereal Yield 3,257 kg/hectare (2017)
Food production index 134 (2016)
Rural Population 25 % (2018)
Fertilizer use of Arable Land 138 kg/hectare (2016)
Livestock Production Index 164 (2016)
Economy of Turkey

According to the World Bank and its latest published data, the economy of the Turkey presents a growth rate of 2.83 % (2018) to the previous year.

With a population that reaches 82.32 M (2018) and a gross domestic product of USD 771.35 B. (2018), it translates a Gross Domestic Product per Capita of USD 9,370 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Turkey also has a workforce of 33.12 M. (2019) with an unemployment rate of 11.90 % (2019), where women represent 16.42 % (2019) and men 12.05 % (2019), the unemployment rate for young people between 15-24 years old stood at 21.31 % (2019). The total number of dependent people stands at 49.55 % (2018).

The central government spent 14.83 % (2018) of its gross domestic product that year, which in absolute terms is USD 114.40 B. (2018). Its consolidated public debt reached 30.12 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Turkey exported USD 227.78 B. (2018), which represents 29.53 % (2018) of its gross domestic product, in that same sense its imports reached USD 236.24 B. (2018) with a direct foreign investment of USD 13.04 B. (2018).

Turkey has a forest area of 118,174 km² (2016), which represents 15.40 % (2016) of its total area, an average rainfall of 593 mm (2014) per year and a population of 25 % (2018) living in rural areas. With a total area of 383,270 km² (2016) available for agriculture and 19.05 % (2019) of its employments, the agricultural sector contributes to the economy of the Turkey about USD 44.87 B. (2018) (5.82 % (2018) of its GDP).