Industry Sector Contribution to GDP in Turkey (1990-2022)

Industry Sector Contribution to GDP in Turkey (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Turkey (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Turkey
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Turkey’s industry sector has shown resilience and growth, with contributions around 31% in the early 1990s and maintaining this level into the 2020s. Despite economic volatility and political changes, Turkey’s industry sector remained robust, supported by manufacturing, construction, and automotive production. The sector’s contribution dropped to 24.6% in 2002 due to economic crises but rebounded strongly, peaking at 31.3% in 2022.

This sustained performance is attributed to Turkey’s focus on industrial expansion, driven by significant investments in infrastructure and export-oriented policies. Turkey’s manufacturing sector continues to be a growth engine for the economy, capitalizing on its strategic location and trade relations, particularly with Europe. The industry sector remains vital to Turkey's economic structure, reflecting the country’s commitment to industrial growth and export-driven strategies.

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