Turkiye: Trade (% of GDP)
In , Turkiye's Trade (% of GDP) was 54.60.
That's down 16.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Turkiye ranks #114 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #47 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 79.90
- Trough
- 46.31
- 1-year change
- -16.9%
- 5-year change
- -12.8%
- -2.7% / yr
- 10-year change
- +0.5%
- +0.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 54.5988 | |
| 65.6832 | |
| 79.8983 | |
| 69.6089 | |
| 60.3899 | |
| 62.5785 | |
| 62.8251 | |
| 56.1357 | |
| 48.8702 | |
| 51.8749 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Turkiye's Trade (% of GDP) in 2024?
- In 2024, Turkiye's Trade (% of GDP) was 54.60, according to World Bank Open Data.
- Is Turkiye's Trade (% of GDP) rising or falling?
- Turkiye's Trade (% of GDP) fell 16.9% from 2023 to 2024.
- How does Turkiye rank globally on Trade (% of GDP)?
- In 2024, Turkiye ranked #114 out of 160 countries reporting Trade (% of GDP).
- How does Turkiye's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Turkiye is below the world average. Within Europe & Central Asia, it ranks #47 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.