Turkey: Economy

Economic Trivia

The agriculture sector accounts for 25% of employment.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Germany, China, and Russia
Top 3 Exported Goods (2015): Motor Vehicles & Parts, Industrial Machinery, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Autos; Electronics

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $1,543,283,930,048 (2015)
GDP Growth Rate (annual %) 3.985% (2015)
GDP Per Capita, PPP (current international) $19,618 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 17/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 7.671% (2015)
External debt stocks, total (DOD, current US$) $408,202,751,000 (2014)
Total tax rate (% of commercial profits) 40.9% (2015)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 17.634% (2015)
Current Account Balance (BoP, current US$) ($32,238,000,000) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 27,778,482 (2014)
Employment in Agriculture (% of total employment) 19.7% (2014)
Employment in Industry (% of total employment) 28.4% (2014)
Employment in Services (% of total employment) 51.9% (2014)
Unemployment Rate 9.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $221,353,603,309 (2015)
Exports of goods and services (current US$) $200,827,658,088 (2015)
Total Merchandise Trade (% of GDP) 50.073% (2014)
FDI, net inflows (BoP, current US$) $16,899,000,000 (2015)
Commercial Service Exports (current US$) $49,747,000,000 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Turkey’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary