Gross domestic product (GDP), annual growth rate (Bolt) in Turkey
Turkey: Gross domestic product (GDP), annual growth rate (Bolt) was 5.57 % change on previous year in 2022. ◆ Volatile
Latest (2022)
5.57 % change on previous year
Change on year
down 51.0%
World rank
42nd
of 166 countries
All-time high
29.09 % change on previous year
in 1946
All-time low
-13.47 % change on previous year
in 1945
Years of data
99
1924–2022
Gross domestic product (GDP), annual growth rate in Turkey, 1924–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in Turkey stood at 5.57 % change on previous year.
Compared with earlier readings it is down 51.0% on the previous year and up 16.2% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Turkey peaked at 29.09 % change on previous year in 1946 and was at its lowest, -13.47 % change on previous year, in 1945.
That places Turkey 42nd out of 166 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Turkey, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1924 | 9.22 % change on previous year | — |
| 1925 | 11.33 % change on previous year | +22.9% |
| 1926 | 16.02 % change on previous year | +41.4% |
| 1927 | -9.06 % change on previous year | -156.6% |
| 1928 | 10.78 % change on previous year | -219.0% |
| 1929 | 15.99 % change on previous year | +48.3% |
| 1930 | 4.52 % change on previous year | -71.7% |
| 1931 | 6.03 % change on previous year | +33.4% |
| 1932 | -6.09 % change on previous year | -200.9% |
| 1933 | 13.1 % change on previous year | -315.3% |
| 1934 | 2.35 % change on previous year | -82.0% |
| 1935 | 2.05 % change on previous year | -12.7% |
| 1936 | 18.96 % change on previous year | +823.2% |
| 1937 | 3.37 % change on previous year | -82.2% |
| 1938 | 8.78 % change on previous year | +160.4% |
| 1939 | 8.3 % change on previous year | -5.4% |
| 1940 | -6.06 % change on previous year | -172.9% |
| 1941 | -9.01 % change on previous year | +48.8% |
| 1942 | 4.31 % change on previous year | -147.8% |
| 1943 | -9.18 % change on previous year | -313.0% |
| 1944 | -4.35 % change on previous year | -52.6% |
| 1945 | -13.47 % change on previous year | +209.9% |
| 1946 | 29.09 % change on previous year | -315.9% |
| 1947 | 5.66 % change on previous year | -80.5% |
| 1948 | 13.63 % change on previous year | +140.7% |
| 1949 | -5.05 % change on previous year | -137.0% |
| 1950 | 9.36 % change on previous year | -285.5% |
| 1951 | 13.45 % change on previous year | +43.7% |
| 1952 | 12.57 % change on previous year | -6.6% |
| 1953 | 11.75 % change on previous year | -6.5% |
| 1954 | -2.32 % change on previous year | -119.7% |
| 1955 | 8.62 % change on previous year | -471.9% |
| 1956 | 3.9 % change on previous year | -54.8% |
| 1957 | 8.5 % change on previous year | +118.3% |
| 1958 | 5.13 % change on previous year | -39.7% |
| 1959 | 5.19 % change on previous year | +1.2% |
| 1960 | 3.52 % change on previous year | -32.1% |
| 1961 | 2.24 % change on previous year | -36.5% |
| 1962 | 6.69 % change on previous year | +198.9% |
| 1963 | 9.98 % change on previous year | +49.2% |
| 1964 | 4.75 % change on previous year | -52.4% |
| 1965 | 3.15 % change on previous year | -33.8% |
| 1966 | 12.35 % change on previous year | +292.7% |
| 1967 | 5.05 % change on previous year | -59.1% |
| 1968 | 7.28 % change on previous year | +44.1% |
| 1969 | 5.9 % change on previous year | -18.9% |
| 1970 | 5.45 % change on previous year | -7.8% |
| 1971 | 9.67 % change on previous year | +77.6% |
| 1972 | 7.15 % change on previous year | -26.1% |
| 1973 | 5.22 % change on previous year | -27.0% |
| 1974 | 8.78 % change on previous year | +68.3% |
| 1975 | 9.59 % change on previous year | +9.2% |
| 1976 | 9.32 % change on previous year | -2.8% |
| 1977 | 4.87 % change on previous year | -47.7% |
| 1978 | 3.41 % change on previous year | -30.1% |
| 1979 | -0.2882 % change on previous year | -108.5% |
| 1980 | -0.2051 % change on previous year | -28.8% |
| 1981 | 4.89 % change on previous year | -2484.8% |
| 1982 | 5.6 % change on previous year | +14.4% |
| 1983 | 4.26 % change on previous year | -24.0% |
| 1984 | 6.32 % change on previous year | +48.5% |
| 1985 | 5.69 % change on previous year | -9.9% |
| 1986 | 7.58 % change on previous year | +33.1% |
| 1987 | 9.32 % change on previous year | +23.0% |
| 1988 | 4.45 % change on previous year | -52.3% |
| 1989 | 1.69 % change on previous year | -61.9% |
| 1990 | 9.81 % change on previous year | +479.8% |
| 1991 | 2.32 % change on previous year | -76.4% |
| 1992 | 7.44 % change on previous year | +221.3% |
| 1993 | 9.57 % change on previous year | +28.6% |
| 1994 | -4.14 % change on previous year | -143.2% |
| 1995 | 8.7 % change on previous year | -310.2% |
| 1996 | 8.48 % change on previous year | -2.4% |
| 1997 | 9.01 % change on previous year | +6.3% |
| 1998 | 4.45 % change on previous year | -50.6% |
| 1999 | -3.91 % change on previous year | -187.9% |
| 2000 | 8.27 % change on previous year | -311.5% |
| 2001 | -6.72 % change on previous year | -181.3% |
| 2002 | 8.71 % change on previous year | -229.6% |
| 2003 | 6.59 % change on previous year | -24.3% |
| 2004 | 9.73 % change on previous year | +47.7% |
| 2005 | 9.26 % change on previous year | -4.9% |
| 2006 | 7.81 % change on previous year | -15.7% |
| 2007 | 5.61 % change on previous year | -28.1% |
| 2008 | 1.85 % change on previous year | -67.0% |
| 2009 | -4.84 % change on previous year | -361.3% |
| 2010 | 10.49 % change on previous year | -316.7% |
| 2011 | 10.02 % change on previous year | -4.5% |
| 2012 | 4.79 % change on previous year | -52.2% |
| 2013 | 8.49 % change on previous year | +77.2% |
| 2014 | 4.94 % change on previous year | -41.8% |
| 2015 | 6.08 % change on previous year | +23.2% |
| 2016 | 3.32 % change on previous year | -45.4% |
| 2017 | 7.5 % change on previous year | +125.7% |
| 2018 | 2.98 % change on previous year | -60.3% |
| 2019 | 0.7835 % change on previous year | -73.7% |
| 2020 | 1.94 % change on previous year | +147.6% |
| 2021 | 11.35 % change on previous year | +485.2% |
| 2022 | 5.57 % change on previous year | -51.0% |
Turkey compared with similar countries
- Turkey's 5.57 % change on previous year is above the median for upper middle income countries, which is 3.25 % change on previous year, 1.7× the median. (47 countries reporting)
- Turkey's 5.57 % change on previous year is above the median for Europe & Central Asia, which is 3.71 % change on previous year, 1.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | +2484.8% | -0.2051 % change on previous year | 4.89 % change on previous year |
| 1936 | +823.2% | 2.05 % change on previous year | 18.96 % change on previous year |
| 2021 | +485.2% | 1.94 % change on previous year | 11.35 % change on previous year |
| 1990 | +479.8% | 1.69 % change on previous year | 9.81 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 9.05 % change on previous year | -9.06 % change on previous year | 16.02 % change on previous year | 6 |
| 1930s | 6.14 % change on previous year | -6.09 % change on previous year | 18.96 % change on previous year | 10 |
| 1940s | 0.5579 % change on previous year | -13.47 % change on previous year | 29.09 % change on previous year | 10 |
| 1950s | 7.61 % change on previous year | -2.32 % change on previous year | 13.45 % change on previous year | 10 |
| 1960s | 6.09 % change on previous year | 2.24 % change on previous year | 12.35 % change on previous year | 10 |
| 1970s | 6.32 % change on previous year | -0.2882 % change on previous year | 9.67 % change on previous year | 10 |
| 1980s | 4.96 % change on previous year | -0.2051 % change on previous year | 9.32 % change on previous year | 10 |
| 1990s | 5.17 % change on previous year | -4.14 % change on previous year | 9.81 % change on previous year | 10 |
| 2000s | 4.63 % change on previous year | -6.72 % change on previous year | 9.73 % change on previous year | 10 |
| 2010s | 5.94 % change on previous year | 0.7835 % change on previous year | 10.49 % change on previous year | 10 |
| 2020s | 6.29 % change on previous year | 1.94 % change on previous year | 11.35 % change on previous year | 3 |
Countries ranked near Turkey
More economy & growth data for Turkey
- SDRs holdings, US dollar, annual growth rate 5.04 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 87.93 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.0288 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 64.2 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0039 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 72.49 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Turkey?
- Gross domestic product (gdp), annual growth rate in Turkey was 5.57 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Turkey?
- The highest recorded value was 29.09 % change on previous year in 1946.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Turkey?
- The lowest recorded value was -13.47 % change on previous year in 1945.
- How does Turkey rank for gross domestic product (gdp), annual growth rate?
- Turkey ranks 42nd out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Turkey?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 99 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.