Economic Indicators

TÜRKİYE

  • GDP Growth, 2023 forecast: 3.0%  (IMF)
  • GDP Growth, 2024 forecast 4.3% (World Bank)
  • Total GDP, current prices, 2023 forecast: $1.03 trillion (IMF)
  • Total GDP, current prices, 2024 forecast: $1.09 trillion (IMF)
  • Unemployment, 2023: 11% (IMF)
  • Unemployment, 2024 forecast: 10.5% (IMF)
  • Inflation, August 2023: 58.9% (TUIK)
  • Current Account Balance, 2023 forecast (% of GDP): -4% (IMF)
  • Current Account Balance, 2024 forecast (% of GDP): -3.2% (IMF)
  • Balance of Trade, August 2023: $-8.88 billion (TUIK)
  • Government Gross Debt, 2023 (% of GDP): 35% (IMF)
  • Government Gross Debt, 2024 forecast (% of GDP): 36.7 (IMF)
  • Turkey Exports to US, 2022: $18.8 billion (US Census Bureau)
  • Turkey’s FDI in the US in 2021: $2.3 billion
Report: Türkiye’s 2022 Macroeconomic Outlook

UNITED STATES

  • GDP Growth, 2023 forecast:  1.6% (IMF)
  • GDP Growth, 2024 forecast: 1.1% (IMF)
  • Total GDP, current prices, 2023 forecast: $26.85 trillion (IMF)
  • Total GDP, current prices, 2024 forecast: $27.74 trillion (IMF)
  • Unemployment, 2023: 3.8 % (IMF)
  • Unemployment, 2024 forecast: 4.9 % (IMF)
  • Inflation, 2023: 4.5% (IMF)
  • Inflation, 2024 forecast: 2.3 % (IMF)
  • Current Account Balance, 2023 (% of GDP): -2.7% (IMF)
  • Current Account Balance, 2024 forecast (% of GDP): -2.5% (IMF)
  • Trade Deficit, 2022: – $1.2 trillion (US Census Bureau)
  • Government Gross Debt, 2023 (% of GDP): 122.2% (IMF)
  • Government Gross Debt, 2024 forecast (% of GDP): 125.8% (IMF)
  • US Exports to Turkey, 2022: $15.2 billion (US Census Bureau)
  • US FDI in Turkey: $6.2 billion

2018 U.S. – Turkey Economic Relations