Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Türkiye economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Turkey best banks and safest banks are also available.
Strong Economic Fundamentals
Strategically placed at the crossroads between Europe, Central Asia and the Middle East, Türkiye also boasts a large domestic market, favorable demographics and a skilled workforce. Its economy is underpinned by highly diversified industrial, manufacturing and service sectors, while agriculture still accounts for about 25% of the labor force employment. Despite its political stability and openness to foreign investment, challenges such as a lack of transparency, dependence on imported energy and high inflation and external debt have constrained Türkiye’s economic growth potential.
Türkiye GDP & Economic Overview
Key Facts
Total Area | 783,562 sq km |
---|---|
Type of Government | Presidential representative democracy |
Capital City | Istanbul |
Total Population | 86.268 million |
Median Age | 31.8 |
Total GDP | USD 3,572,550 millions |
Adult Per Capita Income (PPP) | USD 59,477.09 |
Turkey
Trade & Finance
International Trade
Total Exports | USD 291,596 million |
---|---|
Major Exports |
Cars and vehicle parts Refined petroleum Delivery trucks Jewelry Clothing apparel |
Major Trade Partners – Exports |
United States China Russia Germany |
Total Imports | USD 259,568 million |
Major Imports |
Vehicle parts Gold Refined petroleum Crude petroleum Scrap iron |
Major Trade Partners – Imports |
United States Germany Italy United Kingdom Iraq |
Inbound and Outbound Investment
Data Shows Turkey’s Debt Load To Be Among
Europe’s Lightest
The chart at left compares Turkey’s debt-to-GDP ratio to the regional average. It illustrates how the country has been successful at keeping its debt burden in line with its national productive capacity.
Turkey's Leading Companies
Industrial | Koç Holding |
---|---|
Airline | Turkish Airlines |
Bank | Isbank |
Automotive | Mercedes-Benz Group |
Industrial and financial conglomerate | Sabanci Holding |
Automotive | Ford Otosan |
Chemicals | Sasa Polyester Sanayi |
Global Finance Rankings & Awards: Turkey
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000