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CompareEconomy.com Comparison of world economies

Turkey

World Rank 21 6.32 Turkey flag svg
Capital
Area
Currency
Ankara
783,356 km 2
Turkish lira (TRY)

Table of Contents

Introduction

The Republic of Turkey is a nation located in two continents, namely Asia and Europe. Being a transcontinental country, it is bordered by such European nations such as Greece and Bulgaria, as well as states located in Western Asia, including Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria. As a result, it has a large number of bordering nations. Although it is Istanbul which is the largest city, its capital is Ankara. 

Economy

Due to its transcontinental characteristics, it is important to look at the numbers regarding the economy in two different perspectives. In terms of standards of the European Union the Turkish economy would be fourth, after Germany, France, and Italy, and ahead of Spain or Poland. However, let's bear in mind that There are such nations as the United Kingdom and Russian Federation. As a result, the GDP of $2.347 trillion provides them with 6th place in the region of Europe and Central Asia.

The GDP per capita is yet another indication we should bear in mind. In this respect, Turkey recorded some troubles in 2019. As a result of a minor economic crisis, its GDP per capita decreased from $28,395 in 2018 to $28,134. It is definitely a problem since the region of Europa and Central Asia recorded an increase of 4% in the same period.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#19 (2021)
819,035,182,929 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#108 (2021)
-1,874,728,532 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#37 (2021)
11.98 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)