Turkey: Inflation rate from 2012 to 2022 (compared to the previous year)

Inflation rate in Turkey 2022 The statistic shows the average inflation rate in Turkey from 2012 to 2017, with projections up until 2022. In 2017, the average inflation rate in Turkey was at around 11.14 percent compared to the previous year.
Turkey’s economy

With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide.

Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods.

Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations.

A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.
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Inflation rate compared to previous year
2022*13.03%
2021*13.39%
2020*14.18%
2019*16.71%
2018*15.01%
201711.14%
20167.78%
20157.67%
20148.86%
20137.49%
20128.89%
Inflation rate compared to previous year
2022*13.03%
2021*13.39%
2020*14.18%
2019*16.71%
2018*15.01%
201711.14%
20167.78%
20157.67%
20148.86%
20137.49%
20128.89%
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The statistic shows the average inflation rate in Turkey from 2012 to 2017, with projections up until 2022. In 2017, the average inflation rate in Turkey was at around 11.14 percent compared to the previous year.
Turkey’s economy

With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide.

Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods.

Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations.

A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.
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Release date
October 2018
Region
Turkey
Survey time period
2012 to 2017
Supplementary notes
* Estimate.

The figures have been rounded.

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