Download Turkey`s Economic Statistics and Indicators 2017 January

January 2017
GENERAL OUTLOOK OF THE TURKISH ECONOMY
 World’s 17th largest economy, Europe’s 6th largest economy (2015, current GDP)
 World’s 17th largest economy, Europe’s 6th largest economy (2015, Purchasing Power
Parity) (These figures will be updated according to the new calculation methods
harmonized with European standards)
 Area: 814.578 km2 (projection: 779.452 km2)
 Population: 78.9 million (2016)1
78.7 million (2015)
 Labour force: 31.87 million (2016, September)1
 Employment Rate: 46.8 % (2016, October)1
 Unemployment Rate: 11.8 % (2016, October)1
 Between 2008-2015, 6.7 million new jobs were created.
 GDP : 861.4 billion USD (2015)1
 GDP growth (at constant prices)1:
2015: 6.1%
2016 1st Quarter: 4.5%
2016 2nd Quarter: 4.5%
2016 3rd Quarter: -1.8%
(Average growth rate of 7.1 % between 2011 and 2015. According to the OECD, Turkey is expected to
be the fastest growing economy among the OECD members in the period of 2012-2017 and 2018-2030
with 5.1% and 4.3% respectively.)
 Since 2002 GDP per capita has increased from 3,492 USD to 11.014 USD in 2015.
According to Purchasing Power Parity (PPP) GNI per capita passed 19.917 USD in
2015. (This figure will be updated according to the new calculation methods harmonized
with European standards.)1
 Inflation:
2002
2011
2012
2013
2014
2015
2016
29.7 %
10.45 %
6.16 %
7.40 %
8.17 %
8.81 %
7.78 % (yearly average)
 Central Government Budget Deficit / GDP: - 1.3 % (2016, January)1
 FDI inflow: 10.7 billion USD (2016 October, on a yearly basis)2
17.1 billion USD (2015)
1. Turkish Statistical Institute
2. Undersecretariat of Treasury of Turkey
3. The Ministry of Economy of Turkey
4. Turkish Cooperation and Coordination Agency
January 2017
 Exports: 129.79 billion USD (2016 January-November)1
143.8 billion USD (2015)
 Imports: 180.19 billion USD (2016 January-November)1
207.2 billion USD (2015)
 Trade volume: 309.98 billion USD (2016 January-November)1
351 billion USD (2015)
 Rate of Exports Meeting Imports: 75.7% (2016, November)1
 Turkish Official Development Assistance: 3.9 billion USD in 20154
 Reserve of Foreign Exchange: 92.1 billion USD (2016, December)2
 Banking Sector Capital Adequacy Ratio: 15.3 % (2016, November)2
 Public Net Debt Stock: 176.8 billion TL (2016, 3rd Quarter)2
 Agreements for the Avoidance of Double Taxation and the Prevention of Fiscal
Evasion with respect to Taxes on Income with 82 countries.
 Agreements for Reciprocal Promotion and Protection of Investments with 98
countries
 18 Free Trade Agreements in force: 17 countries and EFTA.3
 Tourism (2015): 41.6 million visitors; 31.5 billion USD revenue
Tourism (2016 January-November): 24.7 million visitors; 17.3 billion USD revenue.1
1. Turkish Statistical Institute
2. Undersecretariat of Treasury of Turkey
3. The Ministry of Economy of Turkey
4. Turkish Cooperation and Coordination Agency