Turkey
US Dollar (USD)
Economic Highlights
- Elevated inflation pressureAnnual inflation of 32.17% is well above typical central bank targets.
GDP Forecast
Forecast: LinearTrend-v1 · ±18,431.996 (95% band) · MAE 8,787.948 · RMSE 9,404.079
Turkey Economic Overview
Turkey's economy is characterized by its unique economic structure and regional importance. This page provides comprehensive economic indicators including GDP growth trends, inflation rates, unemployment statistics, and debt-to-GDP ratios.
Understanding Turkey's economic performance is essential for investors, policymakers, and researchers analyzing global economic trends and making informed decisions.
- GDP Analysis: Track historical growth patterns and quarterly performance
- Inflation Monitoring: Consumer Price Index trends and purchasing power insights
- Labor Market: Unemployment rates and workforce participation data
- Fiscal Health: Government debt levels and budget balance information
- International Trade: Balance of payments and current account statistics
GDP Growth Trends (Last 5 Years)
Quick Facts
Gross Domestic Product per capita (annual)
USD 18,599.44
Average Wage:
USD 1,711.34
Minimum Wage:
USD 525.48
Credit rating
S&P BB- · Moody's B1
VAT rate
20%
Corporate tax rate
30%
Top income tax rate
40%
Big Mac index
$4.80 (2025)
Inflation (CPI)
32.2%▼
YoY, Nov 2025
Unemployment Rate
N/A
Debt-to-GDP
N/A
Turkey Ranking vs. G7 Nations
| Metric | GDP Growth | Inflation | Central bank rate | Labor Market |
|---|---|---|---|---|
| Turkey | 22.8% | 32.2% | N/A | |
| United States of America | 6.5% | 3.4% | 3.9% | |
| Canada | -13.8% | 3.0% | 2.5% | |
| Germany | 5.7% | 2.9% | 2.6% | |
| France | -21.8% | 2.6% | 2.6% | |
| Italy | N/A | 3.2% | 2.6% | |
| Japan | N/A | 0.3% | 1.0% | |
| United Kingdom | 8.4% | 3.4% | 3.8% |
Related Economic Indicators for Turkey
Explore these indicators to build a complete picture of Turkey's economic performance: