Industry (including construction), value added in Turkey
Turkey: Industry (including construction), value added was 565.45 billion constant LCU in 2024. ◆ Volatile
Industry (including construction), value added in Turkey, 1968–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Turkey stood at 565.45 billion constant LCU. That is the highest value across all 57 years on record.
The figure is up 2.1% on the previous year and up 43.0% over ten years.
Over the whole period, industry (including construction), value added in Turkey peaked at 565.45 billion constant LCU in 2024 and was at its lowest, 32.83 billion constant LCU, in 1968.
That places Turkey 70th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Turkey, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1968 | 32.83 billion constant LCU | — |
| 1969 | 35.88 billion constant LCU | +9.3% |
| 1970 | 37.21 billion constant LCU | +3.7% |
| 1971 | 39.50 billion constant LCU | +6.1% |
| 1972 | 43.63 billion constant LCU | +10.5% |
| 1973 | 48.50 billion constant LCU | +11.1% |
| 1974 | 51.31 billion constant LCU | +5.8% |
| 1975 | 55.05 billion constant LCU | +7.3% |
| 1976 | 60.44 billion constant LCU | +9.8% |
| 1977 | 63.68 billion constant LCU | +5.4% |
| 1978 | 63.15 billion constant LCU | -0.8% |
| 1979 | 60.98 billion constant LCU | -3.4% |
| 1980 | 60.40 billion constant LCU | -1.0% |
| 1981 | 65.01 billion constant LCU | +7.6% |
| 1982 | 66.28 billion constant LCU | +2.0% |
| 1983 | 71.80 billion constant LCU | +8.3% |
| 1984 | 79.17 billion constant LCU | +10.3% |
| 1985 | 85.28 billion constant LCU | +7.7% |
| 1986 | 94.70 billion constant LCU | +11.1% |
| 1987 | 104.48 billion constant LCU | +10.3% |
| 1988 | 104.69 billion constant LCU | +0.2% |
| 1989 | 109.86 billion constant LCU | +4.9% |
| 1990 | 117.10 billion constant LCU | +6.6% |
| 1991 | 119.92 billion constant LCU | +2.4% |
| 1992 | 127.11 billion constant LCU | +6.0% |
| 1993 | 137.46 billion constant LCU | +8.1% |
| 1994 | 130.65 billion constant LCU | -5.0% |
| 1995 | 142.07 billion constant LCU | +8.7% |
| 1996 | 151.75 billion constant LCU | +6.8% |
| 1997 | 165.77 billion constant LCU | +9.2% |
| 1998 | 167.70 billion constant LCU | +1.2% |
| 1999 | 160.16 billion constant LCU | -4.5% |
| 2000 | 171.78 billion constant LCU | +7.3% |
| 2001 | 154.29 billion constant LCU | -10.2% |
| 2002 | 164.67 billion constant LCU | +6.7% |
| 2003 | 180.14 billion constant LCU | +9.4% |
| 2004 | 205.51 billion constant LCU | +14.1% |
| 2005 | 227.56 billion constant LCU | +10.7% |
| 2006 | 256.56 billion constant LCU | +12.7% |
| 2007 | 275.70 billion constant LCU | +7.5% |
| 2008 | 273.70 billion constant LCU | -0.7% |
| 2009 | 243.78 billion constant LCU | -10.9% |
| 2010 | 271.73 billion constant LCU | +11.5% |
| 2011 | 324.28 billion constant LCU | +19.3% |
| 2012 | 339.63 billion constant LCU | +4.7% |
| 2013 | 376.53 billion constant LCU | +10.9% |
| 2014 | 395.37 billion constant LCU | +5.0% |
| 2015 | 413.64 billion constant LCU | +4.6% |
| 2016 | 434.02 billion constant LCU | +4.9% |
| 2017 | 472.91 billion constant LCU | +9.0% |
| 2018 | 476.38 billion constant LCU | +0.7% |
| 2019 | 464.77 billion constant LCU | -2.4% |
| 2020 | 470.24 billion constant LCU | +1.2% |
| 2021 | 538.72 billion constant LCU | +14.6% |
| 2022 | 537.23 billion constant LCU | -0.3% |
| 2023 | 554.08 billion constant LCU | +3.1% |
| 2024 | 565.45 billion constant LCU | +2.1% |
Turkey compared with similar countries
- Turkey's 565.45 billion constant LCU is above the median for upper middle income countries, which is 124.14 billion constant LCU, 4.6× the median. (58 countries reporting)
- Turkey's 565.45 billion constant LCU is above the median for Europe & Central Asia, which is 99.16 billion constant LCU, 5.7× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 34.35 billion constant LCU | 32.83 billion constant LCU | 35.88 billion constant LCU | 2 |
| 1970s | 52.35 billion constant LCU | 37.21 billion constant LCU | 63.68 billion constant LCU | 10 |
| 1980s | 84.17 billion constant LCU | 60.40 billion constant LCU | 109.86 billion constant LCU | 10 |
| 1990s | 141.97 billion constant LCU | 117.10 billion constant LCU | 167.70 billion constant LCU | 10 |
| 2000s | 215.37 billion constant LCU | 154.29 billion constant LCU | 275.70 billion constant LCU | 10 |
| 2010s | 396.93 billion constant LCU | 271.73 billion constant LCU | 476.38 billion constant LCU | 10 |
| 2020s | 533.14 billion constant LCU | 470.24 billion constant LCU | 565.45 billion constant LCU | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is industry (including construction), value added in Turkey?
- Industry (including construction), value added in Turkey was 565.45 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Turkey?
- The highest recorded value was 565.45 billion constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Turkey?
- The lowest recorded value was 32.83 billion constant LCU in 1968.
- How does Turkey rank for industry (including construction), value added?
- Turkey ranks 70th out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Turkey?
- Over the last ten years it is up 43.0%. 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 Offices (NSOs), published as part of Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 varies by country. This series is expressed in local currency units.