GDP (current US$), annual growth rate in Turkey

Turkey: GDP (current US$), annual growth rate was 18.33 % change on previous year in 2024. ◆ Volatile

Latest (2024)
18.33 % change on previous year
Change on year
down 21.2%
World rank
9th
of 211 countries
All-time high
45.33 % change on previous year
in 1998
All-time low
-27.58 % change on previous year
in 1994
Years of data
54
1971–2024

GDP (current US$), annual growth rate in Turkey, 1971–2024

-2002040197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, gdp (current us$), annual growth rate in Turkey stood at 18.33 % change on previous year.

That represents a change of down 21.2% on the previous year and up 1,030.8% over ten years.

Over the whole period, gdp (current us$), annual growth rate in Turkey peaked at 45.33 % change on previous year in 1998 and was at its lowest, -27.58 % change on previous year, in 1994.

That places Turkey 9th out of 211 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

GDP (current US$), annual growth rate in Turkey, year by year

Annual values for GDP (current US$), annual growth rate in Turkey, 1971 to 2024.
Year % change on previous year Change
1971 -9.5 % change on previous year
1972 27.73 % change on previous year -391.9%
1973 25.91 % change on previous year -6.6%
1974 36.21 % change on previous year +39.8%
1975 30.01 % change on previous year -17.1%
1976 11.74 % change on previous year -60.9%
1977 14.06 % change on previous year +19.7%
1978 12.32 % change on previous year -12.4%
1979 35.96 % change on previous year +191.9%
1980 -23.2 % change on previous year -164.5%
1981 3.42 % change on previous year -114.8%
1982 -9.57 % change on previous year -379.5%
1983 -3.99 % change on previous year -58.3%
1984 -3.02 % change on previous year -24.3%
1985 12.17 % change on previous year -503.1%
1986 12.55 % change on previous year +3.1%
1987 15.22 % change on previous year +21.2%
1988 4.23 % change on previous year -72.2%
1989 17.88 % change on previous year +323.1%
1990 40.63 % change on previous year +127.2%
1991 0.2516 % change on previous year -99.4%
1992 5.34 % change on previous year +2023.9%
1993 13.39 % change on previous year +150.7%
1994 -27.58 % change on previous year -305.9%
1995 29.6 % change on previous year -207.3%
1996 7.17 % change on previous year -75.8%
1997 4.64 % change on previous year -35.4%
1998 45.33 % change on previous year +877.5%
1999 -7.08 % change on previous year -115.6%
2000 6.98 % change on previous year -198.6%
2001 -26.45 % change on previous year -478.8%
2002 19.08 % change on previous year -172.1%
2003 30.95 % change on previous year +62.2%
2004 29.97 % change on previous year -3.2%
2005 23.83 % change on previous year -20.5%
2006 10.03 % change on previous year -57.9%
2007 22.3 % change on previous year +122.5%
2008 13.08 % change on previous year -41.3%
2009 -15.73 % change on previous year -220.2%
2010 19.66 % change on previous year -225.0%
2011 7.96 % change on previous year -59.5%
2012 4.98 % change on previous year -37.4%
2013 8.77 % change on previous year +76.1%
2014 -1.97 % change on previous year -122.5%
2015 -7.95 % change on previous year +303.5%
2016 0.6212 % change on previous year -107.8%
2017 -1.23 % change on previous year -298.0%
2018 -9.32 % change on previous year +657.5%
2019 -2.31 % change on previous year -75.2%
2020 -5.34 % change on previous year +131.7%
2021 13.82 % change on previous year -358.5%
2022 10.64 % change on previous year -23.0%
2023 23.27 % change on previous year +118.7%
2024 18.33 % change on previous year -21.2%

Turkey compared with similar countries

  • Turkey's 18.33 % change on previous year is above the median for upper middle income countries, which is 5.6 % change on previous year, 3.3× the median. (58 countries reporting)
  • Turkey's 18.33 % change on previous year is above the median for Europe & Central Asia, which is 5.96 % change on previous year, 3.1× the median. (55 countries reporting)

Biggest year-on-year movements

Years where GDP (current US$), annual growth rate in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1992 +2023.9% 0.2516 % change on previous year 5.34 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 20.49 % change on previous year -9.5 % change on previous year 36.21 % change on previous year 9
1980s 2.57 % change on previous year -23.2 % change on previous year 17.88 % change on previous year 10
1990s 11.17 % change on previous year -27.58 % change on previous year 45.33 % change on previous year 10
2000s 11.4 % change on previous year -26.45 % change on previous year 30.95 % change on previous year 10
2010s 1.92 % change on previous year -9.32 % change on previous year 19.66 % change on previous year 10
2020s 12.14 % change on previous year -5.34 % change on previous year 23.27 % change on previous year 5

Countries ranked near Turkey

  1. 6 Zimbabwe 25.42 % change on previous year compare
  2. 7 Sudan 25.09 % change on previous year compare
  3. 8 Northern Mariana Islands 19.91 % change on previous year compare
  4. 10 Afghanistan 18.31 % change on previous year compare
  5. 11 Sri Lanka 18.21 % change on previous year compare
  6. 12 Sierra Leone 17.72 % change on previous year compare

See the full ranking of 211 places →

More population data for Turkey

All data for Turkey →

Frequently asked questions

What is gdp (current us$), annual growth rate in Turkey?
Gdp (current us$), annual growth rate in Turkey was 18.33 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp (current us$), annual growth rate recorded in Turkey?
The highest recorded value was 45.33 % change on previous year in 1998.
What is the lowest gdp (current us$), annual growth rate recorded in Turkey?
The lowest recorded value was -27.58 % change on previous year in 1994.
How does Turkey rank for gdp (current us$), annual growth rate?
Turkey ranks 9th out of 211 countries with data for 2024.
Is gdp (current us$), annual growth rate rising or falling in Turkey?
Over the last ten years it is up 1,030.8%. The long-run trend across the full record is volatile.
Where does this Turkey data come from?
The figures come from Statizoid (derived), published as part of GDP (current US$), annual growth rate. Statizoid updates them automatically from the source API.

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GDP (current US$), annual growth rate in Turkey. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://population.statizoid.com/stat/gdp-current-us-annual-growth-rate-2/turkiye/

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How this figure is calculated

The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,102 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.