What is the GDP of Turkey?

Turkey's GDP is approximately $1359.1 billion USD. The GDP growth rate is 3.3%.

What is the population of Turkey?

Turkey has a population of approximately 85.5 million people. The population growth rate is 0.2%.

What is the inflation rate in Turkey?

The inflation rate in Turkey is 58.5%.

What is the unemployment rate in Turkey?

The unemployment rate in Turkey is 8.5%.

What is the GDP per capita of Turkey?

Turkey's GDP per capita is approximately $15,893 USD.

Is Turkey a good country to invest in?

Turkey has an investment score of 42/100, classified as "Caution" risk. Key sectors include Tourism, Automotive, Manufacturing. Credit rating: B+.

How open is Turkey's economy to trade?

Turkey's trade openness (trade as % of GDP) is 55%. Exports total approximately $374.7B and imports $367.4B.

What is Turkey's government debt?

Turkey's government debt is approximately 27% of GDP. The current account balance is -0.8% of GDP.

How much foreign investment does Turkey attract?

Foreign direct investment (FDI) in Turkey is 0.9% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Turkey?

Turkey's economy is composed of services (58% of GDP), industry (26% of GDP), and agriculture (6% of GDP).

Can I start a business in Turkey as a foreigner?

Turkey offers various options for foreign entrepreneurs. Visit our business setup guide for Turkey for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Turkey's economy growing?

Turkey's GDP growth rate is 3.3%. This is above the global average, indicating strong economic momentum.

🇹🇷

Turkey Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaUpper MiddleCapital: AnkaraTUR

Caution

B+

Growing

1,359.1B USD

GDP (Nominal)

Growing at 3.3%

$15,893

GDP Per Capita

High income level

85.5M

Population

+0.2% annual growth

High

58.5%

Inflation

Elevated

55%of GDP

Trade Openness

0.9%of GDP

FDI Inflows

Healthy

27%of GDP

Public Debt

High

8.5%

Unemployment

Surplus

+$7.3B

Trade Balance

Currency & Exchange Rate

Currency

₺ Turkish Lira

TRY

Exchange Rate (1 USD)

₺32.50

+20.4% YoY(weakened)

5-Year Change

+319.4%

From ₺7.75

Regime & Controls

managed float

Capital controls: moderate

GDP

Billion USD, nominal

$1,359.1B

2024+217.9B

GDP Growth

Annual %

3.3%

2024-1.7%

Inflation

Consumer prices, annual %

58.5%

2024+4.6%

Population

Millions

85.5M

2024+0.2M

Economic Structure

Services58%

Industry26%

Agriculture6%

Infrastructure68/100

Internet Speed

50 Mbps

Mobile: 35 Mbps

Logistics Index

3.2 /5.0

World Bank LPI

Electricity

88%

Reliability score

Connectivity

excellent

78% internet access

Investment Score Breakdown

Economic Health (30%)42

Political Safety (25%)30

Business Climate (20%)45

Financial Strength (15%)35

Growth Potential (10%)58

Key Sectors

Tourism

5% of GDP

growing

Automotive

4% of GDP

stable

Manufacturing

22% of GDP

stable

Construction

6% of GDP

declining

Should I Invest in Turkey?

CautionSetup: ModerateROI: Moderate

Turkey scores 42/100 on the NationsData Investment Index, rated "Caution". Growth is healthy at 4.5%. Business setup takes approximately 21 days with a corporate tax rate of 25%.

Investment Score42/100

GDP Growth4.5%

Inflation58%

FDI/GDP1%

Public Debt35%

Political Stability-1.0

Corporate Tax25%

Ease of Business#33

Strengths

+Healthy GDP growth at 4.5%
+Low public debt (35% of GDP) - fiscal headroom
+100% foreign ownership allowed - no local partner required
+Extensive tax treaty network (87 countries)

Risks

-Significant political instability - governance risks may affect business continuity
-High inflation (58%) - erodes margins and purchasing power
-High severance costs (4.3 weeks/year) - expensive to restructure

Also Consider

Bosnia and Herzegovina

Same region, similar income level

Azerbaijan

Same region, similar income level

Russia

Same region, similar income level

North Macedonia

Same region, similar income level

Countries Similar to Turkey

Based on investment profile, economic size, growth rate, and region

🇷🇺

Russia

Similar investment profile · Similar risk level

93% match

🇰🇿

Kazakhstan

Similar income level · Similar growth rate

91% match

🇲🇪

Montenegro

Similar income level · Similar growth rate

87% match

🇷🇴

Romania

Similar income level · Same region

86% match

🇦🇿

Azerbaijan

Similar investment profile · Similar risk level

86% match

Start a Business in Turkey

Entity types, registration steps, costs, tax rates, labor laws, and break-even calculator

Explore more for Turkey

Go deeper with Turkey

Sign up free to access investment risk scores, business setup guides, and cost calculators for Turkey and 40+ other countries.

Loading Macroeconomic Data

Fetching live data from World Bank...