A Look At The World Bank And Oecd Data

Turkey's GDP Per Capita: Steady Growth amidst Global Economic Challenges

A Look at the World Bank and OECD Data

According to data compiled by the World Bank, Turkey's gross domestic product (GDP) per capita has shown a steady upward trend in recent years. In 2021, the country's GDP per capita reached $9,743, marking a 1279 increase from the previous year.

2020 and 2021: A Mixed Picture

Despite the overall growth, Turkey's economy faced challenges during 2020 and 2021. The GDP per capita recorded a decline of 6.26% in 2020 from $9,265 in 2019. However, the economy rebounded strongly in 2021, with a 12.79% increase in GDP per capita.

Global Context: Turkey's Position

In comparison to the global average, Turkey's GDP per capita is estimated to be 11.6% higher. The country's GDP per capita has steadily increased from $6,289 in 1960 to its current level, demonstrating Turkey's consistent economic growth.

Projections for the Future

Projections from the World Bank indicate that Turkey's GDP per capita is set to continue its upward trajectory, reaching $10,675 in 2022. The country's economic resilience amidst global economic uncertainties is a testament to its strong fundamentals.