Turkey Nominal GDP
1987 - 2020 | Quarterly | USD mn | CEIC Data
Turkey Nominal GDP reached 193.7 USD bn in Dec 2020, compared with 196.1 USD bn in the previous quarter. Nominal GDP in Turkey is updated quarterly, available from Mar 1987 to Dec 2020, with an average number of 92.6 USD bn. The data reached an all-time high of 255.0 USD bn in Sep 2014 and a record low of 16.4 USD bn in Mar 1987. CEIC converts quarterly Nominal GDP into USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1998 is sourced from the International Monetary Fund.
In the latest reports, Turkey GDP expanded 5.9 % YoY in Dec 2020. Its GDP deflator (implicit price deflator) increased 19.2 % in Dec 2020. Turkey GDP Per Capita reached 8,599.3 USD in Dec 2020. Its Gross Savings Rate was measured at 30.2 % in Mar 2021. For Nominal GDP contributions, Investment accounted for 32.7 % in Mar 2021. Public Consumption accounted for 14.7 % in Mar 2021. Private Consumption accounted for 55.2 % in Mar 2021.
View Turkey's Nominal GDP from Mar 1987 to Dec 2020 in the chart:
What was Turkey's Nominal GDP in Dec 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 193,668.7 Dec 2020 | 196,084.4 Sep 2020 | 16,421.2 Mar 1987 | 254,993.9 Sep 2014 | USD mn | quarterly | Mar 1987 - Dec 2020 |
Nominal GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 4,084.6 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
| Algeria (USD mn) | 40,083.4 Mar 2020 | quarterly | Mar 1999 - Mar 2020 |
| Argentina (USD mn) | 98,796.7 Dec 2020 | quarterly | Mar 2004 - Dec 2020 |
| Armenia (USD mn) | 3,772.5 Dec 2020 | quarterly | Dec 1994 - Dec 2020 |
| Australia (USD mn) | 370,722.8 Dec 2020 | quarterly | Sep 1959 - Dec 2020 |
| Austria (USD mn) | 112,635.8 Dec 2020 | quarterly | Mar 1988 - Dec 2020 |
| Azerbaijan (USD mn) | 11,816.5 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Bahrain (USD mn) | 8,820.3 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Bangladesh (USD mn) | 329,803.7 2020 | yearly | 1960 - 2020 |
| Belarus (USD mn) | 15,790.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Belgium (USD mn) | 138,839.7 Dec 2020 | quarterly | Mar 1980 - Dec 2020 |
| Bolivia (USD mn) | 7,649.5 Jun 2020 | quarterly | Mar 1990 - Jun 2020 |
| Bosnia and Herzegovina (USD mn) | 5,340.8 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
| Botswana (USD mn) | 4,337.2 Dec 2020 | quarterly | Sep 1993 - Dec 2020 |
| Brazil (USD mn) | 377,635.0 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Brunei (USD mn) | 3,163.5 Mar 2021 | quarterly | Mar 2004 - Mar 2021 |
| Bulgaria (USD mn) | 20,217.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Cambodia (USD mn) | 27,030.5 2019 | yearly | 1993 - 2019 |
| Canada (USD mn) | 442,590.5 Dec 2020 | quarterly | Mar 1957 - Dec 2020 |
| Chile (USD mn) | 73,445.4 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| China (USD mn) | 3,847,734.4 Mar 2021 | quarterly | Mar 1992 - Mar 2021 |
| Colombia (USD mn) | 72,827.1 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Croatia (USD mn) | 14,691.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Cyprus (USD mn) | 6,313.4 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Czech Republic (USD mn) | 65,089.1 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Denmark (USD mn) | 94,351.6 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Ecuador (USD mn) | 24,680.8 Dec 2020 | quarterly | Mar 1991 - Dec 2020 |
| Egypt (USD mn) | 102,451.7 Sep 2020 | quarterly | Sep 2001 - Sep 2020 |
| Estonia (USD mn) | 8,326.1 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| European Union (USD mn) | 4,062,785.3 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Finland (USD mn) | 71,189.1 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| France (USD mn) | 700,846.2 Dec 2020 | quarterly | Mar 1957 - Dec 2020 |
| Georgia (USD mn) | 4,252.3 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Germany (USD mn) | 1,009,253.9 Dec 2020 | quarterly | Mar 1960 - Dec 2020 |
| Ghana (USD mn) | 17,829.6 Dec 2020 | quarterly | Mar 2006 - Dec 2020 |
| Greece (USD mn) | 49,136.0 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Hong Kong SAR, China (USD mn) | 92,070.8 Dec 2020 | quarterly | Mar 1973 - Dec 2020 |
| Hungary (USD mn) | 44,941.1 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Iceland (USD mn) | 5,709.9 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| India (USD mn) | 739,298.6 Dec 2020 | quarterly | Jun 1996 - Dec 2020 |
| Indonesia (USD mn) | 273,105.8 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Iran (USD mn) | 223,333.3 Sep 2020 | quarterly | Jun 1988 - Sep 2020 |
| Ireland (USD mn) | 112,119.3 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Israel (USD mn) | 108,130.8 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Italy (USD mn) | 506,144.4 Dec 2020 | quarterly | Mar 1980 - Dec 2020 |
| Ivory Coast (USD mn) | 10,091.2 Sep 2018 | quarterly | Mar 1997 - Sep 2018 |
| Japan (USD mn) | 1,318,837.0 Dec 2020 | quarterly | Mar 1957 - Dec 2020 |
| Jordan (USD mn) | 11,624.5 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Kazakhstan (USD mn) | 41,643.5 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
| Kenya (USD mn) | 24,509.1 Sep 2020 | quarterly | Mar 2009 - Sep 2020 |
| South Korea (USD mn) | 438,452.5 Dec 2020 | quarterly | Mar 1960 - Dec 2020 |
| Kosovo (USD mn) | 1,799.6 Mar 2021 | quarterly | Mar 2010 - Mar 2021 |
| Kuwait (USD mn) | 25,823.2 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Kyrgyzstan (USD mn) | 1,400.7 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Laos (USD mn) | 18,897.3 2019 | yearly | 1980 - 2019 |
| Latvia (USD mn) | 8,979.4 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Lebanon (USD mn) | 53,595.4 2019 | yearly | 1997 - 2019 |
| Lithuania (USD mn) | 14,777.4 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Luxembourg (USD mn) | 20,088.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Macau SAR, China (USD mn) | 7,707.5 Dec 2020 | quarterly | Mar 1998 - Dec 2020 |
| North Macedonia (USD mn) | 3,627.6 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Malawi (USD mn) | 10,862.6 2019 | yearly | 1960 - 2019 |
| Malaysia (USD mn) | 92,103.8 Dec 2020 | quarterly | Mar 1991 - Dec 2020 |
| Malta (USD mn) | 3,942.6 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Mauritius (USD mn) | 3,006.1 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Mexico (USD mn) | 296,709.7 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Moldova (USD mn) | 3,287.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Mongolia (USD mn) | 3,687.2 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Montenegro (USD mn) | 1,382.5 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Morocco (USD mn) | 30,340.0 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Mozambique (USD mn) | 15,303.3 2019 | yearly | 1963 - 2019 |
| Myanmar (USD mn) | 66,719.6 2018 | yearly | 2001 - 2018 |
| Nepal (USD mn) | 32,387.7 2020 | yearly | 2001 - 2020 |
| Netherlands (USD mn) | 244,245.5 Dec 2020 | quarterly | Mar 1988 - Dec 2020 |
| New Zealand (USD mn) | 56,834.1 Dec 2020 | quarterly | Jun 1987 - Dec 2020 |
| Nigeria (USD mn) | 114,788.1 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Norway (USD mn) | 96,808.6 Dec 2020 | quarterly | Mar 1978 - Dec 2020 |
| Oman (USD mn) | 17,340.4 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Pakistan (USD mn) | 264,050.6 2020 | yearly | 2000 - 2020 |
| Palestinian Territory (USD mn) | 4,068.1 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Panama (USD mn) | 14,995.4 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Paraguay (USD mn) | 9,661.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Peru (USD mn) | 59,049.2 Dec 2020 | quarterly | Mar 1979 - Dec 2020 |
| Philippines (USD mn) | 106,806.9 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
| Poland (USD mn) | 172,390.1 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Portugal (USD mn) | 61,882.7 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Qatar (USD mn) | 37,563.7 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Romania (USD mn) | 68,387.7 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Russia (USD mn) | 406,275.9 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Saudi Arabia (USD mn) | 186,016.8 Dec 2020 | quarterly | Mar 2003 - Dec 2020 |
| Serbia (USD mn) | 15,077.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Singapore (USD mn) | 87,937.8 Dec 2020 | quarterly | Mar 1975 - Dec 2020 |
| Slovakia (USD mn) | 28,325.2 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Slovenia (USD mn) | 13,946.3 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| South Africa (USD mn) | 85,789.3 Dec 2020 | quarterly | Mar 1960 - Dec 2020 |
| Spain (USD mn) | 345,657.7 Dec 2020 | quarterly | Mar 1970 - Dec 2020 |
| Sri Lanka (USD mn) | 21,775.6 Dec 2020 | quarterly | Mar 2002 - Dec 2020 |
| Sudan (USD mn) | 42,504.5 2019 | yearly | 1960 - 2019 |
| Sweden (USD mn) | 152,043.2 Dec 2020 | quarterly | Mar 1980 - Dec 2020 |
| Switzerland (USD mn) | 197,482.7 Dec 2020 | quarterly | Mar 1970 - Dec 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Dec 2020 | quarterly | Dec 2006 - Dec 2020 |
| Consolidated Fiscal Balance (USD mn) | 2,982.502 Mar 2021 | monthly | Jan 2006 - Mar 2021 |
| Tax Revenue (USD mn) | 8,511.665 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| Tax Revenue: % of GDP (%) | 18.4 Mar 2021 | quarterly | Mar 2006 - Mar 2021 |
| National Government Debt (USD mn) | 271,456.7 2020 | yearly | 2001 - 2020 |
| Government Debt: % of GDP (%) | 39.5 Dec 2020 | quarterly | Dec 2001 - Dec 2020 |
| Forecast: Government Expenditure (TRY bn) | 4,106.510 2026 | yearly | 2000 - 2026 |
| Forecast: Government Net Debt (TRY bn) | 5,150.900 2026 | yearly | 2000 - 2026 |
| Forecast: Government Revenue (TRY bn) | 3,386.900 2026 | yearly | 2000 - 2026 |
| General Budget: Expenditure (TRY mn) | 119,741.054 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: Cash Balance (TRY mn) | -7,220.836 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: Revenue (TRY mn) | 111,320.218 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| General Budget: ytd: Revenue: Tax (TRY th) | 496,940,140.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 647,409,970.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 174,105,324.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 296,898,449.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Revenue (TRY th) | 616,830,061.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: Balance (TRY th) | -30,579,909.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 16,132,204.000 Jun 2021 | monthly | Jan 2006 - Jun 2021 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.000 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | -4,194.3 Mar 2021 | monthly | Jan 2013 - Mar 2021 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 40.3 Mar 2021 | monthly | Jan 2014 - Mar 2021 |
| Aluminum: Exports (USD th) | 1,720,685.930 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 758,266.824 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 566,555.239 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 21.8 Mar 2021 | monthly | Jan 2014 - Mar 2021 |
| Imports: Medicament (USD th) | 3,005,491.176 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,530,516.039 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 1,007.089 Dec 2020 | monthly | Apr 1964 - Dec 2020 |
| Total Imports from USA (USD mn) | 988.307 Mar 2021 | monthly | Apr 1964 - Mar 2021 |
| Total Exports to China (USD mn) | 323.861 Apr 2021 | monthly | Oct 1984 - Apr 2021 |
| Total Imports from China (USD mn) | 2,312.315 Apr 2021 | monthly | Sep 1992 - Apr 2021 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Exports: BEC: IG: Materials Incidental to Industry: Unprocessed (USD mn) | 530.243 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Investment Goods Parts (USD mn) | 560.708 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 1,031.523 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Materials Incidental to Industry: Processed (USD mn) | 5,979.992 May 2021 | monthly | Jan 1969 - May 2021 |
| Exports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 11.032 May 2021 | monthly | Mar 1969 - May 2021 |
| Imports: BEC: IG: Investment Goods Parts (USD mn) | 1,112.819 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 2,314.554 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 195.417 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG:Incidental to Industry: Unprocessed Materials (USD mn) | 1,697.001 May 2021 | monthly | Jan 1969 - May 2021 |
| Imports: BEC: IG:Incidental to Industry: Processed Materials (USD mn) | 7,430.502 May 2021 | monthly | Jan 1969 - May 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.7 May 2021 | monthly | Jan 2003 - May 2021 |
| Household Debt: % of GDP (%) | 17.9 Dec 2020 | quarterly | Dec 2014 - Dec 2020 |
| Non-Performing Loans (USD mn) | 17,346.864 May 2021 | monthly | Dec 2002 - May 2021 |
| Money Supply M1 (USD mn) | 156,015.970 Apr 2021 | monthly | Dec 1963 - Apr 2021 |
| Money Supply M2 (USD mn) | 436,883.356 Apr 2021 | monthly | Dec 1976 - Apr 2021 |
| M2 Growth (%) | 22.8 Apr 2021 | monthly | Dec 1977 - Apr 2021 |
| Reserve Requirement Ratio (%) | 8.0 May 2021 | monthly | Jan 2011 - May 2021 |
| Foreign Exchange Reserves (USD mn) | 46,196.0 Mar 2021 | monthly | Apr 2000 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 6.340 Mar 2021 | quarterly | Jun 2000 - Mar 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.2 Apr 2021 | monthly | Apr 2000 - Apr 2021 |
| Gold Reserves (USD mn) | 43,945.000 May 2021 | monthly | Dec 1956 - May 2021 |
| Total Deposits (USD mn) | 444,558.418 May 2021 | monthly | Dec 2002 - May 2021 |
| Total Deposits Growth (%) | 30.3 Mar 2021 | monthly | Dec 2003 - Mar 2021 |
| Domestic Credit (USD mn) | 568,260.6 Apr 2021 | monthly | Jan 1986 - Apr 2021 |
| Domestic Credit Growth (%) | 24.9 Apr 2021 | monthly | Jan 1987 - Apr 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 14.600 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| Credit to Households (USD bn) | 118.232 Dec 2020 | quarterly | Mar 1986 - Dec 2020 |
| Credit to Private Non-Financial Sector (USD bn) | 605.309 Dec 2020 | quarterly | Mar 1986 - Dec 2020 |
| Household Debt (USD mn) | 94,895.9 May 2021 | monthly | Jan 1986 - May 2021 |
| Total Loans (USD mn) | 372,105.044 Mar 2021 | monthly | Jan 1986 - Mar 2021 |
| Total Loans Growth (%) | 21.78 Apr 2021 | monthly | Jan 1987 - Apr 2021 |
| Private Debt: % of Nominal GDP (%) | 55.69 Dec 2020 | quarterly | Dec 1998 - Dec 2020 |
| Money Supply: M3 (TRY th) | 3,782,523,533.680 May 2021 | monthly | Dec 2005 - May 2021 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 3.693 May 2021 | monthly | Jan 2003 - May 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 12.7 Jul 2021 | monthly | Jan 2008 - Jul 2021 |
| Composite Leading Indicator Index: Trend Restored (NA) | 239.070 May 2021 | monthly | Dec 1987 - May 2021 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 112.100 Jul 2021 | monthly | Jan 2007 - Jul 2021 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 86.314 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 109.640 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 114.769 Jul 2021 | monthly | Jan 2011 - Jul 2021 |
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