Question 1

What is Turkey's GDP growth rate?

Accepted Answer

Turkey's GDP grew 2.3% in the second quarter of 2026 compared with the same quarter of 2025, according to the Turkish Statistical Institute (TurkStat). Seasonally and calendar adjusted, it grew 1.1% from the first quarter. Growth was 2.5% in the first quarter. Agriculture grew 13.3% and information and communication 8.6%, while construction shrank 1.9%. GDP at current prices was TRY 19.87 trillion, or US$438.3 billion, in the quarter. Household consumption rose 3.5%, while government consumption fell 1.8% and investment rose 0.6%. Exports of goods and services fell 3.4% in volume and imports 6.4%. TurkStat's next GDP release is due on 1 December 2026.

Question 2

What is Turkey's trade deficit?

Accepted Answer

Turkey's foreign trade deficit was US$5.24 billion in August 2026, 22.3% larger than in August 2025, according to TurkStat and the Ministry of Trade. Exports rose 8.1% to US$23.47 billion and imports 10.5% to US$28.71 billion. In January to August 2026 the deficit was US$65.79 billion, up 9.3%, with exports of US$185.0 billion and imports of US$250.8 billion. Exports covered 81.7% of imports in August. Excluding energy products and non-monetary gold, the deficit was only US$1.09 billion. Intermediate goods, such as raw materials and parts, made up 70.7% of imports. The figures are provisional.

Question 3

What is Turkey's current account deficit?

Accepted Answer

Turkey's current account deficit was US$42.1 billion over the 12 months to August 2026, according to the Central Bank of the Republic of Türkiye . In August alone the current account had a surplus of US$4.05 billion; excluding gold and energy, the surplus was US$8.21 billion. Over 12 months the goods deficit was US$78.4 billion and the services surplus US$63.9 billion. The current account adds trade in goods and services to income flows with the rest of the world. Net travel revenue was US$7.29 billion in August. The Ministry of Treasury and Finance put the annualised deficit at 2.3% of national income in the second quarter of 2026.

Question 4

Who are Turkey's main export markets?

Accepted Answer

Germany was the largest buyer of Turkish exports in August 2026, taking US$1.76 billion, followed by the United States (US$1.73 billion), the United Kingdom (US$1.20 billion), Iraq (US$1.08 billion) and Switzerland (US$1.07 billion), according to TurkStat . Total exports in August were US$23.47 billion, up 8.1% from a year earlier. Manufactured products made up 93.6% of exports in August, agriculture, forestry and fishing 3.2% and mining 2.3%. The data are provisional and produced with the Ministry of Trade.

Question 5

Is Turkey's industrial production rising?

Accepted Answer

Turkey's industrial production fell 1.9% in August 2026 compared with August 2025, according to TurkStat , using calendar adjusted data. Manufacturing fell 2.5%, while mining and quarrying rose 1.7% and electricity, gas and steam supply 1.3%. Compared with July 2026, seasonally and calendar adjusted production fell 1.0%, and manufacturing 1.6%. Industrial production is a monthly measure of output volume in mining, manufacturing and utilities. Industry's value added grew 2.4% in the second quarter of 2026, TurkStat's GDP release shows. The next industrial production release is due on 10 November 2026.

Question 6

How much does Turkey earn from tourism?

Accepted Answer

Turkey's tourism income was US$9.90 billion in the first quarter of 2026, 4.2% more than a year earlier, according to TurkStat . 9,258,129 visitors departed, up 1.5%, of whom 25.7% were Turkish citizens living abroad. Visitors spent an average of US$102 a night. Food and drink made up 27% of tourism income, international transport 15.8% and accommodation 13%. The first quarter is the low season; most tourism income comes in the summer. In August 2026 net travel revenue in the balance of payments was US$7.29 billion, the Central Bank reports.

Question 7

Is Türkiye's economy growing?

Accepted Answer

According to the World Bank, real GDP growth in Türkiye was 3.6% in 2025. Since 2005 it has ranged from -4.9% (2009) to 11.8% (2021). It is 12th highest of 49 in Europe & Central Asia, where the median is 2.1%. World rank, highest first: 82nd of 180.

Question 8

How rich is Türkiye per person?

Accepted Answer

According to the World Bank, GDP per person in Türkiye was $18,599 in 2025. No year since 2005 has been higher. It is 32nd highest of 49 in Europe & Central Asia, where the median is $28,420. Worldwide: 57th of 180.

Question 9

What is Türkiye's GDP per capita at PPP?

Accepted Answer

The latest figure from the World Bank, for 2025, is $45,288 in international dollars . It is the top of the series, which starts in 2005. Across Europe & Central Asia the middle value was $50,946 in international dollars, and Türkiye placed 31st highest of 49. World rank, highest first: 46th of 179.

Question 10

What share of Türkiye's economy is exports?

Accepted Answer

In 2025, exports of goods and services in Türkiye was 24.8% of GDP , according to the World Bank. Since 2005 it has ranged from 21.6% of GDP (2010) to 38.1% of GDP (2022). Across Europe & Central Asia the middle value was 47.7% of GDP, and Türkiye placed 43rd highest of 46. Of 133 countries with 2025 data, 93rd highest.

Question 11

Does Türkiye earn more abroad than it spends?

Accepted Answer

The latest figure from the IMF, for 2025, is -1.9% of GDP (a deficit). Its high point since 2005 was 2019, at 1.9% of GDP; its low point was 2011, at -8.8% of GDP. Europe & Central Asia median: -0.3% of GDP; Türkiye is 28th highest of 47. World rank, highest first: 74th of 132.

Question 12

What is FDI in Türkiye?

Accepted Answer

0.8% of GDP : that is net inflows of foreign direct investment in Türkiye for 2025, according to the IMF. It is the bottom of the series, which starts in 2005. Europe & Central Asia median: 1.9% of GDP; Türkiye is 33rd highest of 49. Of 179 countries with 2025 data, 138th highest.

Türkiye: economy