Turkey Real GDP Growth
1999 - 2020 | Quarterly | % | CEIC Data
The Gross Domestic Product (GDP) in Turkey expanded 6.7 % YoY in Sep 2020, following a negative growth of 9.9 % in the previous quarter. Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1999 to Sep 2020, with an average rate of 5.9 %. The data reached an all-time high of 11.8 % in Mar 2011 and a record low of -14.5 % in Mar 2009. CEIC calculates Real GDP Growth from quarterly Real GDP Index. Turkish Statistical Institute provides Real GDP Index with base 2009=100.
In the latest reports, Nominal GDP of Turkey reached 196.9 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) increased 14.9 % in Sep 2020. GDP Per Capita in Turkey 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 Real GDP Growth from Mar 1999 to Sep 2020 in the chart:
What was Turkey's Real GDP Growth in Sep 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.7 Sep 2020 | -9.9 Jun 2020 | -14.5 Mar 2009 | 11.8 Mar 2011 | % | quarterly | Mar 1999 - Sep 2020 |
Real GDP Growth by Country Comparison
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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.5 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -10.1 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -3.8 Sep 2020 | quarterly | Sep 1960 - Sep 2020 |
| Austria (%) | -4.2 Sep 2020 | quarterly | Mar 1989 - Sep 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -5.5 Dec 2020 | quarterly | Mar 2009 - Dec 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -0.2 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| Belgium (%) | -5.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Bolivia (%) | -21.7 Jun 2020 | quarterly | Mar 1991 - Jun 2020 |
| Bosnia and Herzegovina (%) | -6.3 Sep 2020 | quarterly | Mar 2009 - Sep 2020 |
| Botswana (%) | -5.9 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Brazil (%) | -3.9 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
| Brunei (%) | 0.5 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Bulgaria (%) | -5.2 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Cambodia (%) | 7.1 2019 | yearly | 1994 - 2019 |
| Canada (%) | -5.2 Sep 2020 | quarterly | Mar 1962 - Sep 2020 |
| Chile (%) | -10.3 Sep 2020 | quarterly | Mar 1987 - Sep 2020 |
| China (%) | 6.5 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Colombia (%) | -9.5 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Croatia (%) | -10.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Cyprus (%) | -4.4 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Czech Republic (%) | -5.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Denmark (%) | -3.7 Sep 2020 | quarterly | Mar 1992 - Sep 2020 |
| Ecuador (%) | -8.8 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
| Egypt (%) | -1.7 Jun 2020 | quarterly | Sep 2002 - Jun 2020 |
| Estonia (%) | -2.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| European Union (%) | -4.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Finland (%) | -3.0 Sep 2020 | quarterly | Mar 1976 - Sep 2020 |
| France (%) | -5.0 Dec 2020 | quarterly | Mar 1950 - Dec 2020 |
| Georgia (%) | -5.6 Sep 2020 | quarterly | Mar 1998 - Sep 2020 |
| Germany (%) | -3.6 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Ghana (%) | -0.3 Sep 2020 | quarterly | Jun 2006 - Sep 2020 |
| Greece (%) | -11.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Hong Kong SAR, China (%) | -3.4 Sep 2020 | quarterly | Mar 1991 - Sep 2020 |
| Hungary (%) | -4.6 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Iceland (%) | -6.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| India (%) | -7.5 Sep 2020 | quarterly | Jun 2005 - Sep 2020 |
| Indonesia (%) | -2.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Iran (%) | -2.8 Jun 2020 | quarterly | Jun 1989 - Jun 2020 |
| Ireland (%) | 8.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Israel (%) | -1.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Italy (%) | -6.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
| Ivory Coast (%) | 7.4 2018 | yearly | 1966 - 2018 |
| Japan (%) | -5.7 Sep 2020 | quarterly | Mar 1956 - Sep 2020 |
| Jordan (%) | -2.2 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
| Kazakhstan (%) | -4.9 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| Kenya (%) | -1.9 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| South Korea (%) | -1.3 Dec 2020 | quarterly | Mar 1961 - Dec 2020 |
| Kosovo (%) | 0.7 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Kuwait (%) | -2.5 Mar 2020 | quarterly | Jun 2010 - Mar 2020 |
| Kyrgyzstan (%) | -6.0 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Laos (%) | 5.5 2019 | yearly | 2003 - 2019 |
| Latvia (%) | -1.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Lebanon (%) | -1.9 2018 | yearly | 2005 - 2018 |
| Lithuania (%) | -1.3 Dec 2020 | quarterly | Jun 1995 - Dec 2020 |
| Luxembourg (%) | 0.5 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Macau SAR, China (%) | -63.8 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| North Macedonia (%) | -3.3 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | -2.7 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Malta (%) | -9.9 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Mauritius (%) | -32.5 Jun 2020 | quarterly | Mar 2001 - Jun 2020 |
| Mexico (%) | -4.6 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
| Moldova (%) | 0.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Mongolia (%) | -3.1 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
| Montenegro (%) | -26.9 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
| Morocco (%) | -7.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 6.8 2019 | yearly | 2011 - 2019 |
| Nepal (%) | -2.7 Mar 2020 | quarterly | Dec 2004 - Mar 2020 |
| Netherlands (%) | -2.5 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
| New Zealand (%) | 3.9 Sep 2020 | quarterly | Jun 1983 - Sep 2020 |
| Nigeria (%) | -3.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
| Norway (%) | -0.1 Sep 2020 | quarterly | Mar 1979 - Sep 2020 |
| Oman (%) | -0.8 2019 | yearly | 1999 - 2019 |
| Pakistan (%) | 0.5 2020 | yearly | 2001 - 2020 |
| Palestinian Territory (%) | 11.8 Sep 2020 | quarterly | Jun 2011 - Sep 2020 |
| Panama (%) | -23.6 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Paraguay (%) | -1.2 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Peru (%) | -9.4 Sep 2020 | quarterly | Mar 1981 - Sep 2020 |
| Philippines (%) | -8.4 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Poland (%) | -1.8 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | -4.5 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
| Romania (%) | -5.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Russia (%) | -3.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| Saudi Arabia (%) | -4.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | -3.8 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
| Slovakia (%) | -2.3 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
| Slovenia (%) | -2.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
| South Africa (%) | -6.1 Sep 2020 | quarterly | Mar 1961 - Sep 2020 |
| Spain (%) | -9.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Sri Lanka (%) | 1.5 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
| Sudan (%) | -1.3 2019 | yearly | 1983 - 2019 |
| Sweden (%) | -2.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
| Switzerland (%) | -1.7 Sep 2020 | quarterly | Mar 1966 - Sep 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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