Services, value added (constant LCU) in Turkey
Turkey: Services, value added (constant LCU) was 1.41 trillion constant LCU in 2024. ◆ Volatile
Services, value added in Turkey, 1968–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Turkey is 1.41 trillion constant LCU, measured in 2024. That is the highest value across all 57 years on record.
The figure is up 3.1% on the previous year and up 75.4% over ten years.
Over the whole period, services, value added in Turkey peaked at 1.41 trillion constant LCU in 2024 and was at its lowest, 83.58 billion constant LCU, in 1968.
Turkey ranks 71st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU) in Turkey, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1968 | 83.58 billion constant LCU | — |
| 1969 | 88.26 billion constant LCU | +5.6% |
| 1970 | 92.02 billion constant LCU | +4.3% |
| 1971 | 98.42 billion constant LCU | +6.9% |
| 1972 | 107.70 billion constant LCU | +9.4% |
| 1973 | 114.27 billion constant LCU | +6.1% |
| 1974 | 122.16 billion constant LCU | +6.9% |
| 1975 | 133.58 billion constant LCU | +9.4% |
| 1976 | 148.22 billion constant LCU | +11.0% |
| 1977 | 157.42 billion constant LCU | +6.2% |
| 1978 | 159.66 billion constant LCU | +1.4% |
| 1979 | 158.67 billion constant LCU | -0.6% |
| 1980 | 156.33 billion constant LCU | -1.5% |
| 1981 | 167.92 billion constant LCU | +7.4% |
| 1982 | 177.52 billion constant LCU | +5.7% |
| 1983 | 186.87 billion constant LCU | +5.3% |
| 1984 | 200.92 billion constant LCU | +7.5% |
| 1985 | 206.17 billion constant LCU | +2.6% |
| 1986 | 214.12 billion constant LCU | +3.9% |
| 1987 | 242.35 billion constant LCU | +13.2% |
| 1988 | 247.92 billion constant LCU | +2.3% |
| 1989 | 248.44 billion constant LCU | +0.2% |
| 1990 | 274.32 billion constant LCU | +10.4% |
| 1991 | 274.19 billion constant LCU | -0.0% |
| 1992 | 291.92 billion constant LCU | +6.5% |
| 1993 | 320.53 billion constant LCU | +9.8% |
| 1994 | 306.62 billion constant LCU | -4.3% |
| 1995 | 331.58 billion constant LCU | +8.1% |
| 1996 | 351.78 billion constant LCU | +6.1% |
| 1997 | 378.15 billion constant LCU | +7.5% |
| 1998 | 393.05 billion constant LCU | +3.9% |
| 1999 | 387.23 billion constant LCU | -1.5% |
| 2000 | 413.69 billion constant LCU | +6.8% |
| 2001 | 403.34 billion constant LCU | -2.5% |
| 2002 | 426.87 billion constant LCU | +5.8% |
| 2003 | 449.14 billion constant LCU | +5.2% |
| 2004 | 489.81 billion constant LCU | +9.1% |
| 2005 | 528.89 billion constant LCU | +8.0% |
| 2006 | 556.77 billion constant LCU | +5.3% |
| 2007 | 587.10 billion constant LCU | +5.4% |
| 2008 | 595.93 billion constant LCU | +1.5% |
| 2009 | 580.48 billion constant LCU | -2.6% |
| 2010 | 611.28 billion constant LCU | +5.3% |
| 2011 | 666.26 billion constant LCU | +9.0% |
| 2012 | 705.18 billion constant LCU | +5.8% |
| 2013 | 756.38 billion constant LCU | +7.3% |
| 2014 | 802.07 billion constant LCU | +6.0% |
| 2015 | 843.66 billion constant LCU | +5.2% |
| 2016 | 869.15 billion constant LCU | +3.0% |
| 2017 | 941.02 billion constant LCU | +8.3% |
| 2018 | 994.63 billion constant LCU | +5.7% |
| 2019 | 1.03 trillion constant LCU | +3.3% |
| 2020 | 1.03 trillion constant LCU | +0.4% |
| 2021 | 1.18 trillion constant LCU | +14.1% |
| 2022 | 1.30 trillion constant LCU | +10.2% |
| 2023 | 1.36 trillion constant LCU | +5.3% |
| 2024 | 1.41 trillion constant LCU | +3.1% |
Turkey compared with similar countries
- Turkey's 1.41 trillion constant LCU is above the median for upper middle income countries, which is 353.44 billion constant LCU, 4.0× the median. (58 countries reporting)
- Turkey's 1.41 trillion constant LCU is above the median for Europe & Central Asia, which is 280.65 billion constant LCU, 5.0× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 85.92 billion constant LCU | 83.58 billion constant LCU | 88.26 billion constant LCU | 2 |
| 1970s | 129.21 billion constant LCU | 92.02 billion constant LCU | 159.66 billion constant LCU | 10 |
| 1980s | 204.86 billion constant LCU | 156.33 billion constant LCU | 248.44 billion constant LCU | 10 |
| 1990s | 330.94 billion constant LCU | 274.19 billion constant LCU | 393.05 billion constant LCU | 10 |
| 2000s | 503.20 billion constant LCU | 403.34 billion constant LCU | 595.93 billion constant LCU | 10 |
| 2010s | 821.67 billion constant LCU | 611.28 billion constant LCU | 1.03 trillion constant LCU | 10 |
| 2020s | 1.25 trillion constant LCU | 1.03 trillion constant LCU | 1.41 trillion constant LCU | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Real gdp growth, annual growth rate 8.32 % change on previous year (2025)
- 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)
Frequently asked questions
- What is services, value added in Turkey?
- Services, value added in Turkey was 1.41 trillion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Turkey?
- The highest recorded value was 1.41 trillion constant LCU in 2024.
- What is the lowest services, value added recorded in Turkey?
- The lowest recorded value was 83.58 billion constant LCU in 1968.
- How does Turkey rank for services, value added?
- Turkey ranks 71st out of 199 countries with data for 2024.
- Is services, value added rising or falling in Turkey?
- Over the last ten years it is up 75.4%. 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 Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.