Gains In 2021

Turkey's Economic Growth: GDP per Capita on the Rise

Gains in 2021

Turkey's gross domestic product (GDP) per capita experienced a significant boost in 2021, rising by 1279 US dollars to reach 9743. This increase signifies a notable recovery from the decline observed in 2020, where GDP per capita had fallen by 626 dollars to 8639.

Historical Context

Data from the World Bank and OECD reveal a steady increase in Turkey's GDP per capita since 1987. This growth trajectory is projected to continue in the coming years, with estimates indicating a gradual rise up until 2029.

In comparison to the global average, Turkey's GDP per capita stands at 116 percent. This suggests that the country's economic performance has consistently exceeded the worldwide average.

Conclusion

The recent surge in Turkey's GDP per capita is a testament to the country's resilience and economic progress. With a strong foundation and ambitious plans for the future, Turkey is poised to continue its economic growth and provide prosperity for its citizens.