---
Key Economic Indicators: Turkey 2026 in Numbers
Date: 2026-07-24
Last modified: 2026-07-24

Description: A data-driven snapshot of Turkey's economy, compiling key statistics on growth, trade, inflation, employment, energy, and demographics from official sources.

Tags: Turkey, Economic Data, Statistics, Inflation, Trade, Energy
Categories: Economics
URL: https://arda-akgul.com/blogs/economics/turkey-economic-indicators-2026/
---

<p>This page compiles key economic statistics for Turkey from official sources, providing a data-driven snapshot of the country&rsquo;s current economic conditions. It serves as a reference for understanding the Turkish economy in global context.</p>
<h2 id="tldr">TL;DR</h2>
<p>Turkey&rsquo;s economy presents a complex picture in 2026: it remains the 19th largest economy globally by nominal GDP, with a population of 86 million and a strategic geographic position bridging Europe and Asia. However, persistent inflation, currency volatility, and structural challenges in employment and current account balance continue to shape policy debates.</p>
<h2 id="growth-and-output">Growth and Output</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Nominal GDP (2025)</td>
					<td>$1.44 trillion</td>
					<td>


<a
  href="https://data.worldbank.org/country/turkey"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">World Bank</a>
</td>
			</tr>
			<tr>
					<td>GDP per capita (2025)</td>
					<td>$16,800 (nominal)</td>
					<td>


<a
  href="https://www.imf.org/en/Publications/WEO"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">IMF</a>
</td>
			</tr>
			<tr>
					<td>GDP growth rate (2025)</td>
					<td>3.2%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Share of services in GDP</td>
					<td>59.5%</td>
					<td>


<a
  href="https://data.oecd.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">OECD</a>
</td>
			</tr>
			<tr>
					<td>Share of industry in GDP</td>
					<td>29.2%</td>
					<td>


<a
  href="https://data.oecd.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">OECD</a>
</td>
			</tr>
			<tr>
					<td>Share of agriculture in GDP</td>
					<td>6.5%</td>
					<td>


<a
  href="https://data.worldbank.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">World Bank</a>
</td>
			</tr>
			<tr>
					<td>Global GDP ranking</td>
					<td>19th</td>
					<td>


<a
  href="https://data.worldbank.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">World Bank</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="trade-and-external-balance">Trade and External Balance</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Total exports (2025)</td>
					<td>$262 billion</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Total imports (2025)</td>
					<td>$312 billion</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Trade deficit (2025)</td>
					<td>$50 billion</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Main export sector</td>
					<td>Automotive ($36B)</td>
					<td>


<a
  href="https://www.tim.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">Exporters&rsquo; Assembly</a>
</td>
			</tr>
			<tr>
					<td>Main import sector</td>
					<td>Energy ($58B)</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>EU share of exports</td>
					<td>40.5%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="inflation-and-currency">Inflation and Currency</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Annual CPI inflation (June 2026)</td>
					<td>38.2%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Central Bank policy rate</td>
					<td>43.00%</td>
					<td>


<a
  href="https://www.tcmb.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TCMB</a>
</td>
			</tr>
			<tr>
					<td>USD/TRY exchange rate (July 2026)</td>
					<td>39.85</td>
					<td>


<a
  href="https://www.tcmb.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TCMB</a>
</td>
			</tr>
			<tr>
					<td>Annual exchange rate depreciation</td>
					<td>18.3%</td>
					<td>


<a
  href="https://www.tcmb.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TCMB</a>
</td>
			</tr>
			<tr>
					<td>Producer price inflation</td>
					<td>24.7%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="employment-and-demographics">Employment and Demographics</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Total population (2025)</td>
					<td>86.2 million</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Labor force participation</td>
					<td>53.7%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Unemployment rate</td>
					<td>8.5%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Youth unemployment (15-24)</td>
					<td>16.3%</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Median age</td>
					<td>33.0 years</td>
					<td>


<a
  href="https://population.un.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">UN Population</a>
</td>
			</tr>
			<tr>
					<td>Urbanization rate</td>
					<td>77.5%</td>
					<td>


<a
  href="https://data.worldbank.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">World Bank</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="energy-and-sustainability">Energy and Sustainability</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Total energy imports</td>
					<td>$58 billion (2025)</td>
					<td>


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TurkStat</a>
</td>
			</tr>
			<tr>
					<td>Renewable share of electricity</td>
					<td>54.4%</td>
					<td>


<a
  href="https://www.teias.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TEIAS</a>
</td>
			</tr>
			<tr>
					<td>Natural gas consumption</td>
					<td>48.6 bcm</td>
					<td>


<a
  href="https://www.botas.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">BOTAS</a>
</td>
			</tr>
			<tr>
					<td>Installed solar capacity</td>
					<td>19.5 GW</td>
					<td>


<a
  href="https://www.teias.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TEIAS</a>
</td>
			</tr>
			<tr>
					<td>Installed wind capacity</td>
					<td>12.8 GW</td>
					<td>


<a
  href="https://www.teias.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">TEIAS</a>
</td>
			</tr>
			<tr>
					<td>CO2 emissions per capita</td>
					<td>5.2 tonnes</td>
					<td>


<a
  href="https://www.globalcarbonatlas.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">Global Carbon Atlas</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="government-finance">Government Finance</h2>
<table>
	<thead>
			<tr>
					<th>Indicator</th>
					<th>Value</th>
					<th>Source</th>
			</tr>
	</thead>
	<tbody>
			<tr>
					<td>Central government debt/GDP</td>
					<td>29.5%</td>
					<td>


<a
  href="https://www.hazine.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">Ministry of Treasury</a>
</td>
			</tr>
			<tr>
					<td>Budget deficit/GDP</td>
					<td>4.8%</td>
					<td>


<a
  href="https://www.hazine.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">Ministry of Treasury</a>
</td>
			</tr>
			<tr>
					<td>Tax revenue/GDP</td>
					<td>18.2%</td>
					<td>


<a
  href="https://data.oecd.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">OECD</a>
</td>
			</tr>
	</tbody>
</table>
<h2 id="key-context">Key Context</h2>
<p>As economist Daron Acemoglu of MIT notes in his work on institutions and economic performance, &ldquo;the differences in economic institutions are the major source of differences in economic development&rdquo; across countries. Turkey&rsquo;s economic trajectory illustrates this: its strategic position, young population, and diversified industrial base provide strong fundamentals, while institutional frameworks around central bank independence, regulatory quality, and rule of law significantly influence its economic outcomes.</p>
<p>The data above reflects official statistics as of July 2026. Economic indicators are subject to revision, and readers should consult the primary sources cited for the most current figures. Turkey&rsquo;s economy remains one of the most closely watched emerging markets, with its unique combination of G20 membership, EU customs union membership, and significant geopolitical positioning.</p>
<hr>
<h3 id="references">References</h3>
<ol>
<li>World Bank, &ldquo;Turkey Country Profile.&rdquo; 


<a
  href="https://data.worldbank.org/country/turkey"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://data.worldbank.org/country/turkey</a>
</li>
<li>International Monetary Fund, &ldquo;World Economic Outlook Database, April 2026.&rdquo; 


<a
  href="https://www.imf.org/en/Publications/WEO"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.imf.org/en/Publications/WEO</a>
</li>
<li>Turkish Statistical Institute (TurkStat). 


<a
  href="https://www.tuik.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.tuik.gov.tr/</a>
</li>
<li>Central Bank of the Republic of Turkey (TCMB). 


<a
  href="https://www.tcmb.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.tcmb.gov.tr/</a>
</li>
<li>OECD, &ldquo;Turkey Economic Snapshot.&rdquo; 


<a
  href="https://data.oecd.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://data.oecd.org/</a>
</li>
<li>Turkish Exporters&rsquo; Assembly (TIM). 


<a
  href="https://www.tim.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.tim.gov.tr/</a>
</li>
<li>Turkish Electricity Transmission Corporation (TEIAS). 


<a
  href="https://www.teias.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.teias.gov.tr/</a>
</li>
<li>BOTAŞ Petroleum Pipeline Corporation. 


<a
  href="https://www.botas.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.botas.gov.tr/</a>
</li>
<li>Ministry of Treasury and Finance. 


<a
  href="https://www.hazine.gov.tr/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.hazine.gov.tr/</a>
</li>
<li>United Nations Population Division. 


<a
  href="https://population.un.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://population.un.org/</a>
</li>
<li>Global Carbon Atlas. 


<a
  href="https://www.globalcarbonatlas.org/"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://www.globalcarbonatlas.org/</a>
</li>
<li>Acemoglu, D. and Robinson, J. (2012), &ldquo;Why Nations Fail,&rdquo; Crown Business. 


<a
  href="https://en.wikipedia.org/wiki/Why_Nations_Fail"
  
  target="_blank" rel="external noopener noreferrer"
  data-link-type="external">https://en.wikipedia.org/wiki/Why_Nations_Fail</a>
</li>
</ol>