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9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Turkey Annual Economic Growth Rates (2004-2015)
Mean annual growth rate between 2002 and 2015 was 4.9%
GDP growth for 1st quarter of 2015 was 2.5%, 3.7% for 2nd quarter, 3.9% for the 3rd quarter and 5.7% for 4th quarter
6.8
-5.7
6.2
5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Turkey Annual Economic Growth Rates (2000-2014)
6.8
-5.7
6.2
5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.3
1.8 2.1
2.8
4.1 3.6
4.1 3.9
1.5
-2.1
4.1
2.8 2.3 2.4 2.5
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Annual Economic Growth Rates (2000-2014)
Turkey World
6.8
-5.7
6.2
5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.3
1.8 2.1
2.8
4.1 3.6
4.1 3.9
1.5
-2.1
4.1
2.8 2.3 2.4 2.5
3.9
2.2
1.4 1.3
2.5 2.1
3.3 3.1
0.5
-4.4
2.1 1.8
-0.4 0.2
1.4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Annual Economic Growth Rates (2000-2014)
Turkey World European Union
6.8
-5.7
6.2 5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.3
1.8 2.1 2.8
4.1 3.6
4.1 3.9
1.5
-2.1
4.1
2.8 2.3 2.4 2.5
3.9
2.2 1.4 1.3
2.5 2.1
3.3 3.1
0.5
-4.4
2.1 1.8
-0.4 0.2
1.4
8.4 8.3 9.1
10 10.1
11.4
12.7
14.2
9.6 9.2
10.6
9.5
7.8 7.7 7.3
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Annual Economic Growth Rates (2000-2014)
Turkey World European Union China
6.8
-5.7
6.2 5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.3
1.8 2.1 2.8
4.1 3.6
4.1 3.9
1.5
-2.1
4.1
2.8 2.3 2.4 2.5
3.9
2.2 1.4 1.3
2.5 2.1
3.3 3.1
0.5
-4.4
2.1 1.8
-0.4 0.2
1.4
8.4 8.3 9.1
10 10.1
11.4
12.7
14.2
9.6 9.2
10.6
9.5
7.8 7.7 7.3
4
1.4 1.6 2
3.2 2.7 3
2.6
0.2
-3.5
2.9
1.7 1.3 1.4
1.8
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Annual Economic Growth Rates (2000-2014)
Turkey World European Union China OECD members
6.8
-5.7
6.2
5.3
9.4
8.4
6.9
4.7
0.7
-4.8
9.2 8.8
2.1
4.2
2.9
4.3
1.8 2.1 2.8
4.1 3.6
4.1 3.9
1.5
-2.1
4.1
2.8 2.3 2.4 2.5
3.9
2.2 1.4 1.3
2.5 2.1
3.3 3.1
0.5
-4.4
2.1 1.8
-0.4 0.2
1.4
8.4 8.3 9.1
10 10.1
11.4
12.7
14.2
9.6 9.2
10.6
9.5
7.8 7.7 7.3
4
1.4 1.6 2
3.2 2.7 3
2.6
0.2
-3.5
2.9
1.7 1.3 1.4
1.8
4.1
1 1.8
2.8
3.8 3.3
2.7
1.8
-0.3
-2.8
2.5
1.6 2.3 2.2 2.4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Annual Economic Growth Rates (2000-2014)
Turkey World European Union China OECD members United States
Growth Forecast for Selected Countries / Country Groups (%)
World Turkey Euro Area US Brazil Russia India China
IMF 2016 3.2 3.8 1.5 2.4 -3.8 -1.8 7.5 6.5
2017 3.5 3.4 1.6 2.5 0.0 0.8 7.5 6.2
OECD 2016 3.3 3.4 1.8 2.5 -1.2 -0.4 7.3 6.5
2017 3.6 4.1 1.9 2.4 1.8 1.7 7.4 6.2
WB 2016 2.9 3.5 2.7 2.1 -2.5 -0.7 7.8 6.7
2017 3.1 3.5 2.4 2.1 1.4 1.3 7.9 6.5
10,944.38 12,018.28
13,378.01 13,222.82
15,022.82
17,483.74
18,846.42
20,607.31
22,732.12
25,130.07
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
GDP per Capita Turkish Lira
7,596.93
9,247.04
10,444.38
8,560.69
10,002.58
10,427.62 10,459.22 10,821.70
10,394.52
9,261.45
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
GDP per Capita: USD Turkey
Since 2002 GDP per capita has tripled from 3,492 USD to 9,261 USD in 2015
12,905 13,896
15,021 14,945
16,001
17,692 18,002 18,599
19,054
2006 2007 2008 2009 2010 2011 2012 2013 2014
GDP per Capita (PPP) USD
7,596.93
9,247.04
10,444.38
8,560.69
10,002.58 10,427.62 10,459.22 10,821.70 10,394.52
12,905 13,896
15,021 14,945 16,001
17,692 18,002 18,599
19,054
2006 2007 2008 2009 2010 2011 2012 2013 2014
GDP per Capita USD
GDP Per Capita GDP Per Capita PPP
In PPP terms GDP per capita exceeded 19,000 USD in 2014
18th largest economy in the World 7th in Europe
(Billion $ ) 2014 2015 2016* 2017* 2018* 2023*
Exports 157.6 143.9 155.5 175.8 201.4 500.0
Imports 242.2 207.2 210.7 243.1 273.2 625.0
Volume of trade 399.8 351.1 366.2 418.9 474.6 1,125.0
Balance of trade -84.5 -63.3 -55.2 -67.2 -71.8 -125.0
51.0
75.7
69.9 68.1
64.8 62.9
61.3 63.1
65.4
72.5
61.4
56.0
64.5
60.3
65.1
69.4
40.0
45.0
50.0
55.0
60.0
65.0
70.0
75.0
80.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015*
Proportion of Imports Covered by Exports
Year 2023 $ 500 billion exports
Year 2023 $ 780 billion imports
%87 of foreign trade (tonnage) is transported by sea
% 53 of foreign trade (value) is transported by sea
Year 2023 $ 689 billion seaborne trade
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