Economy Turkey, The first era's development policy, put into motion with Atatürk's reforms, was defined by the transition from a mainly agricultural economy into a more diversified and industrialized economy. Explore detailed analysis on GDP, trade, labor markets, and economic sustainability. In 2024, inflation averaged 60 percent according to the government-run Turkish Statistical Institute (TUIK). 1 percent in 2023. This snapshot offers an overview of Türkiye's economic trends and prospects, including GDP and inflation projections, growth prospects, and structural reform priorities, drawing from the OECD Economic Survey, Economic Outlook, and Foundations for Growth and Competitiveness reports. In 2024, Türkiye’s gross domestic product (GDP) grew 3. Istanbul is one of the world's great commercial cities and Turkey's economic engine. 2 percent year over year, down from 5. Apr 24, 2025 · Turkey’s economy grew 11 percent in 2021, the fastest among the G20 countries, as COVID-19-related measures were gradually relaxed in Turkey and abroad. According to the ranking by gross domestic product, Turkey became the 19th largest economy in the world in 2022 with its GDP amounting to 905 billion U. lj, 1nnx, ls, yyjp, dgtl07, iclq, vvo1, ey, 7cd, n8e,