Gross fixed capital formation (constant 2015 US$) in Turkey
Turkey: Gross fixed capital formation (constant 2015 US$) was 359.76 billion constant 2015 US$ in 2025. ◆ Volatile
Gross fixed capital formation in Turkey, 1987–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in Turkey is 359.76 billion constant 2015 US$, measured in 2025. That is the highest value across all 39 years on record.
That represents a change of up 7.0% on the previous year and up 38.5% over ten years.
Over the whole period, gross fixed capital formation in Turkey peaked at 359.76 billion constant 2015 US$ in 2025 and was at its lowest, 45.17 billion constant 2015 US$, in 1988.
Turkey ranks 14th of 161 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$) in Turkey, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1987 | 45.65 billion constant 2015 US$ | — |
| 1988 | 45.17 billion constant 2015 US$ | -1.0% |
| 1989 | 46.16 billion constant 2015 US$ | +2.2% |
| 1990 | 53.49 billion constant 2015 US$ | +15.9% |
| 1991 | 54.15 billion constant 2015 US$ | +1.2% |
| 1992 | 56.48 billion constant 2015 US$ | +4.3% |
| 1993 | 70.53 billion constant 2015 US$ | +24.9% |
| 1994 | 59.31 billion constant 2015 US$ | -15.9% |
| 1995 | 66.21 billion constant 2015 US$ | +11.6% |
| 1996 | 74.18 billion constant 2015 US$ | +12.0% |
| 1997 | 83.52 billion constant 2015 US$ | +12.6% |
| 1998 | 75.20 billion constant 2015 US$ | -10.0% |
| 1999 | 68.08 billion constant 2015 US$ | -9.5% |
| 2000 | 83.41 billion constant 2015 US$ | +22.5% |
| 2001 | 60.68 billion constant 2015 US$ | -27.2% |
| 2002 | 72.24 billion constant 2015 US$ | +19.0% |
| 2003 | 86.69 billion constant 2015 US$ | +20.0% |
| 2004 | 114.56 billion constant 2015 US$ | +32.2% |
| 2005 | 137.25 billion constant 2015 US$ | +19.8% |
| 2006 | 158.63 billion constant 2015 US$ | +15.6% |
| 2007 | 168.06 billion constant 2015 US$ | +5.9% |
| 2008 | 163.28 billion constant 2015 US$ | -2.8% |
| 2009 | 131.51 billion constant 2015 US$ | -19.5% |
| 2010 | 157.39 billion constant 2015 US$ | +19.7% |
| 2011 | 194.60 billion constant 2015 US$ | +23.6% |
| 2012 | 201.25 billion constant 2015 US$ | +3.4% |
| 2013 | 230.81 billion constant 2015 US$ | +14.7% |
| 2014 | 238.87 billion constant 2015 US$ | +3.5% |
| 2015 | 259.74 billion constant 2015 US$ | +8.7% |
| 2016 | 267.84 billion constant 2015 US$ | +3.1% |
| 2017 | 287.82 billion constant 2015 US$ | +7.5% |
| 2018 | 290.16 billion constant 2015 US$ | +0.8% |
| 2019 | 255.05 billion constant 2015 US$ | -12.1% |
| 2020 | 272.70 billion constant 2015 US$ | +6.9% |
| 2021 | 292.38 billion constant 2015 US$ | +7.2% |
| 2022 | 305.24 billion constant 2015 US$ | +4.4% |
| 2023 | 327.63 billion constant 2015 US$ | +7.3% |
| 2024 | 336.38 billion constant 2015 US$ | +2.7% |
| 2025 | 359.76 billion constant 2015 US$ | +7.0% |
Turkey compared with similar countries
- Turkey's 359.76 billion constant 2015 US$ is above the median for upper middle income countries, which is 11.14 billion constant 2015 US$, 32.3× the median. (45 countries reporting)
- Turkey's 359.76 billion constant 2015 US$ is above the median for Europe & Central Asia, which is 27.92 billion constant 2015 US$, 12.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 45.66 billion constant 2015 US$ | 45.17 billion constant 2015 US$ | 46.16 billion constant 2015 US$ | 3 |
| 1990s | 66.12 billion constant 2015 US$ | 53.49 billion constant 2015 US$ | 83.52 billion constant 2015 US$ | 10 |
| 2000s | 117.63 billion constant 2015 US$ | 60.68 billion constant 2015 US$ | 168.06 billion constant 2015 US$ | 10 |
| 2010s | 238.35 billion constant 2015 US$ | 157.39 billion constant 2015 US$ | 290.16 billion constant 2015 US$ | 10 |
| 2020s | 315.68 billion constant 2015 US$ | 272.70 billion constant 2015 US$ | 359.76 billion constant 2015 US$ | 6 |
Countries ranked near Turkey
- 11 Russia 406.61 billion constant 2015 US$ compare
- 12 Canada 399.43 billion constant 2015 US$ compare
- 13 Brazil 360.56 billion constant 2015 US$ compare
- 15 Spain 303.70 billion constant 2015 US$ compare
- 16 Mexico 293.55 billion constant 2015 US$ compare
- 17 Saudi Arabia 265.99 billion constant 2015 US$ compare
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 fixed capital formation in Turkey?
- Gross fixed capital formation in Turkey was 359.76 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Turkey?
- The highest recorded value was 359.76 billion constant 2015 US$ in 2025.
- What is the lowest gross fixed capital formation recorded in Turkey?
- The lowest recorded value was 45.17 billion constant 2015 US$ in 1988.
- How does Turkey rank for gross fixed capital formation?
- Turkey ranks 14th out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Turkey?
- Over the last ten years it is up 38.5%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.