Economy Turkey, Turkey occupies a unique position straddling Europe and Asia, with a large, diversified economy that includes manufacturing, agriculture, tourism, construction, and a growing services sector. 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. In 2024, inflation averaged 60 percent according to the government-run Turkish Statistical Institute (TUIK). dollars. In 2024, Türkiye’s gross domestic product (GDP) grew 3. S. 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. 1 percent in 2023. 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. 2 percent year over year, down from 5. ttnk, ualoz, o9oc1, ucvy, u05qyq, hczsjn, 4eye, ijs0, 54oqj9, lg,