Browse a full set of economic indicators

Türkiye

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

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

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