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 6.7 % YoY in Sep 2020. Its GDP deflator (implicit price deflator) increased 14.9 % in Sep 2020. Turkey GDP Per Capita reached 9,212.7 USD in Dec 2019. Its Gross Savings Rate was measured at 29.6 % in Sep 2020. For Nominal GDP contributions, Investment accounted for 33.2 % in Sep 2020. Public Consumption accounted for 12.8 % in Sep 2020. Private Consumption accounted for 57.6 % in Sep 2020.
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) | 3,807.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Algeria (USD mn) | 40,083.4 Mar 2020 | quarterly | Mar 1999 - Mar 2020 |
| Argentina (USD mn) | 90,567.7 Sep 2020 | quarterly | Mar 2004 - Sep 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) | 10,668.8 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Bahrain (USD mn) | 8,802.6 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Bangladesh (USD mn) | 329,803.7 2020 | yearly | 1960 - 2020 |
| Belarus (USD mn) | 16,099.6 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
| Belgium (USD mn) | 138,144.8 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) | 5,318.0 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Botswana (USD mn) | 3,859.4 Sep 2020 | quarterly | Sep 1993 - Sep 2020 |
| Brazil (USD mn) | 373,432.0 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Brunei (USD mn) | 3,017.2 Dec 2020 | quarterly | Mar 2004 - Dec 2020 |
| Bulgaria (USD mn) | 19,555.4 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) | 60,618.8 Sep 2020 | quarterly | Mar 1990 - Sep 2020 |
| China (USD mn) | 4,474,085.4 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| 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) | 64,844.4 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Denmark (USD mn) | 93,512.4 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Ecuador (USD mn) | 24,166.8 Sep 2020 | quarterly | Mar 1991 - Sep 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) | 3,973,224.6 Sep 2020 | quarterly | Mar 1999 - Sep 2020 |
| Finland (USD mn) | 71,094.9 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| France (USD mn) | 700,846.2 Dec 2020 | quarterly | Mar 1957 - Dec 2020 |
| Georgia (USD mn) | 4,297.5 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Germany (USD mn) | 1,009,253.9 Dec 2020 | quarterly | Mar 1960 - Dec 2020 |
| Ghana (USD mn) | 16,226.1 Sep 2020 | quarterly | Mar 2006 - Sep 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) | 44,737.6 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) | 150,761.9 Jun 2020 | quarterly | Jun 1988 - Jun 2020 |
| Ireland (USD mn) | 111,843.4 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Israel (USD mn) | 107,335.6 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) | 1,321,284.1 Dec 2020 | quarterly | Mar 1957 - Dec 2020 |
| Jordan (USD mn) | 11,517.3 Sep 2020 | quarterly | Mar 1992 - Sep 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) | 2,267.2 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Kuwait (USD mn) | 30,136.3 Mar 2020 | quarterly | Mar 2010 - Mar 2020 |
| Kyrgyzstan (USD mn) | 2,396.7 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| 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) | 19,137.2 Sep 2020 | quarterly | Mar 1995 - Sep 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) | 2,674.7 Sep 2020 | quarterly | Mar 1999 - Sep 2020 |
| Mexico (USD mn) | 296,709.7 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Moldova (USD mn) | 3,673.3 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Mongolia (USD mn) | 3,687.2 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Montenegro (USD mn) | 1,419.6 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Morocco (USD mn) | 28,617.3 Sep 2020 | quarterly | Mar 1990 - Sep 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) | 242,242.1 Dec 2020 | quarterly | Mar 1988 - Dec 2020 |
| New Zealand (USD mn) | 56,098.2 Sep 2020 | quarterly | Jun 1987 - Sep 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) | 15,438.8 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Pakistan (USD mn) | 264,050.6 2020 | yearly | 2000 - 2020 |
| Palestinian Territory (USD mn) | 3,865.4 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Panama (USD mn) | 14,995.4 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Paraguay (USD mn) | 8,550.2 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
| Peru (USD mn) | 59,049.2 Dec 2020 | quarterly | Mar 1979 - Dec 2020 |
| Philippines (USD mn) | 107,065.9 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
| Poland (USD mn) | 171,927.8 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Portugal (USD mn) | 61,882.7 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Qatar (USD mn) | 35,121.4 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Romania (USD mn) | 62,645.1 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Russia (USD mn) | 379,756.8 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
| Saudi Arabia (USD mn) | 178,159.5 Sep 2020 | quarterly | Mar 2003 - Sep 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) | 27,517.6 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Slovenia (USD mn) | 13,946.3 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| South Africa (USD mn) | 74,244.3 Sep 2020 | quarterly | Mar 1960 - Sep 2020 |
| Spain (USD mn) | 344,602.9 Dec 2020 | quarterly | Mar 1970 - Dec 2020 |
| Sri Lanka (USD mn) | 22,060.7 Sep 2020 | quarterly | Mar 2002 - Sep 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 (%) | -3.8 Sep 2020 | quarterly | Dec 2006 - Sep 2020 |
| Consolidated Fiscal Balance (USD mn) | -3,344.233 Jan 2021 | monthly | Jan 2006 - Jan 2021 |
| Tax Revenue (USD mn) | 13,905.991 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| Tax Revenue: % of GDP (%) | 17.1 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| National Government Debt (USD mn) | 237,207.9 2019 | yearly | 2001 - 2019 |
| Government Debt: % of GDP (%) | 42.6 Sep 2020 | quarterly | Dec 2001 - Sep 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: Revenue (TRY mn) | 154,347.110 Mar 2021 | monthly | Jan 2005 - Mar 2021 |
| General Budget: Expenditure (TRY mn) | 113,362.950 Mar 2021 | monthly | Jan 2005 - Mar 2021 |
| General Budget: Cash Balance (TRY mn) | 40,984.160 Mar 2021 | monthly | Jan 2005 - Mar 2021 |
| General Budget: ytd: Revenue (TRY th) | 203,983,703.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 210,941,287.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 97,062,413.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: Revenue: Tax (TRY th) | 177,664,202.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 2,255,833.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 75,122,325.000 Feb 2021 | monthly | Jan 2006 - Feb 2021 |
| General Budget: ytd: Balance (TRY th) | -6,957,584.000 Feb 2021 | monthly | Jan 2006 - Feb 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) | -3,944.9 Dec 2020 | monthly | Jan 2013 - Dec 2020 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 11.7 Dec 2020 | monthly | Jan 2014 - Dec 2020 |
| Aluminum: Exports (USD th) | 2,155,212.873 2019 | yearly | 1995 - 2019 |
| Exports: Medicament (USD th) | 955,410.382 2019 | yearly | 1995 - 2019 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 502,953.196 2019 | yearly | 1995 - 2019 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 9.6 Feb 2021 | monthly | Jan 2014 - Feb 2021 |
| Imports: Medicament (USD th) | 2,774,940.845 2019 | yearly | 1995 - 2019 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,518,909.471 2019 | yearly | 1995 - 2019 |
| Total Exports to USA (USD mn) | 1,007.089 Dec 2020 | monthly | Apr 1964 - Dec 2020 |
| Total Imports from USA (USD mn) | 1,033.239 Oct 2020 | monthly | Apr 1964 - Oct 2020 |
| Total Exports to China (USD mn) | 219.770 Jan 2021 | monthly | Oct 1984 - Jan 2021 |
| Total Imports from China (USD mn) | 2,197.085 Feb 2021 | monthly | Sep 1992 - Feb 2021 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Imports: TRY (TRY mn) | 131,811.232 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Exports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 947.365 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Exports: BEC: IG: Materials Incidental to Industry: Unprocessed (USD mn) | 409.562 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Exports: BEC: IG: Materials Incidental to Industry: Processed (USD mn) | 4,868.920 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Exports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 9.664 Feb 2021 | monthly | Mar 1969 - Feb 2021 |
| Exports: BEC: IG: Investment Goods Parts (USD mn) | 560.865 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Imports: BEC: Capital Goods: Except Transportations Vehicles (USD mn) | 2,304.515 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Imports: BEC: IG:Incidental to Industry: Unprocessed Materials (USD mn) | 1,420.367 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Imports: BEC: IG:Incidental to Industry: Processed Materials (USD mn) | 7,021.426 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Imports: BEC: IG: Unprocessed Fuels & Oils (USD mn) | 232.615 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Imports: BEC: IG: Investment Goods Parts (USD mn) | 1,079.884 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.1 Jan 2021 | monthly | Jan 2003 - Jan 2021 |
| Household Debt: % of GDP (%) | 18.5 Sep 2020 | quarterly | Dec 2014 - Sep 2020 |
| Non-Performing Loans (USD mn) | 20,530.819 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
| Money Supply M1 (USD mn) | 165,184.391 Feb 2021 | monthly | Dec 1963 - Feb 2021 |
| Money Supply M2 (USD mn) | 462,104.684 Feb 2021 | monthly | Dec 1976 - Feb 2021 |
| M2 Growth (%) | 30.1 Feb 2021 | monthly | Dec 1977 - Feb 2021 |
| Reserve Requirement Ratio (%) | 8.0 Feb 2021 | monthly | Jan 2011 - Feb 2021 |
| Foreign Exchange Reserves (USD mn) | 51,938.0 Jan 2021 | monthly | Apr 2000 - Jan 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 6.762 Dec 2020 | quarterly | Jun 2000 - Dec 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.9 Feb 2021 | monthly | Apr 2000 - Feb 2021 |
| Gold Reserves (USD mn) | 42,169.000 Jan 2021 | monthly | Dec 1956 - Jan 2021 |
| Total Deposits Growth (%) | 28.4 Feb 2021 | monthly | Dec 2003 - Feb 2021 |
| Total Deposits (USD mn) | 463,260.894 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
| Domestic Credit (USD mn) | 616,977.1 Feb 2021 | monthly | Jan 1986 - Feb 2021 |
| Domestic Credit Growth (%) | 36.8 Feb 2021 | monthly | Jan 1987 - Feb 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 14.600 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| Credit to Households (USD bn) | 109.660 Sep 2020 | quarterly | Mar 1986 - Sep 2020 |
| Credit to Private Non-Financial Sector (USD bn) | 576.661 Sep 2020 | quarterly | Mar 1986 - Sep 2020 |
| Household Debt (USD mn) | 110,141.2 Feb 2021 | monthly | Jan 1986 - Feb 2021 |
| Total Loans (USD mn) | 399,263.349 Jan 2021 | monthly | Jan 1986 - Jan 2021 |
| Total Loans Growth (%) | 41.42 Oct 2020 | monthly | Jan 1987 - Oct 2020 |
| Private Debt: % of Nominal GDP (%) | 55.69 Dec 2020 | quarterly | Dec 1998 - Dec 2020 |
| Money Supply: M1 (TRY th) | 1,239,063,213.000 Sep 2020 | monthly | Dec 1963 - Sep 2020 |
| Money Supply: M3 (TRY th) | 3,422,137,405.770 Feb 2021 | monthly | Dec 2005 - Feb 2021 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 4.076 Jan 2021 | monthly | Jan 2003 - Jan 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence: Net Balance (% Point) | 8.7 Feb 2021 | monthly | Jan 2007 - Feb 2021 |
| Business Confidence Growth (% Point) | 2.0 Feb 2021 | monthly | Jan 2008 - Feb 2021 |
| Composite Leading Indicator Index: Trend Restored (NA) | 234.270 Feb 2021 | monthly | Dec 1987 - Feb 2021 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 108.700 Feb 2021 | monthly | Jan 2007 - Feb 2021 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 100.398 Feb 2021 | monthly | Jan 2011 - Feb 2021 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 108.939 Feb 2021 | monthly | Jan 2011 - Feb 2021 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 83.076 Feb 2021 | monthly | Jan 2011 - Feb 2021 |
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