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Turkey Gross Domestic Product (GDP) by Year (1961–2023)

Turkey Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Turkey Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1960-2023
Country: Turkey
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Turkey’s GDP highlights its growth as a regional economic power. Starting at $7.9 billion in 1961, Turkey experienced significant expansion during the 1980s due to liberalization, with GDP reaching $150.6 billion in 1990. The 2001 financial crisis caused a dip to $201.7 billion, but reforms spurred recovery.

The economy peaked at $957.8 billion in 2013 before declining due to political and economic instability. By 2023, Turkey's GDP rebounded to $1.1 trillion, driven by diversified exports, infrastructure development, and robust manufacturing sectors.

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