The 19th largest economy in the world - A bridge between Europe and Asia
Türkiye has one of the world's largest economies, ranking 19th globally by nominal GDP and 11th by purchasing power parity (PPP) as of 2026. As a founding member of the OECD and G20, Türkiye serves as a crucial economic bridge between Europe, Asia, and the Middle East.
Türkiye's strategic location makes it a vital trade hub. The country has customs union with the EU (since 1995) and free trade agreements with 28 countries.
| Product Category | Value (2025) | % of Total | Main Markets |
|---|---|---|---|
| Vehicles & Parts | $35.8B | 14% | EU, UK, USA |
| Machinery & Equipment | $28.1B | 11% | Germany, USA, UK |
| Textiles & Apparel | $25.6B | 10% | EU, USA, UK |
| Iron & Steel | $20.5B | 8% | EU, Middle East |
| Precious Metals | $17.9B | 7% | UAE, Switzerland |
| Electrical Equipment | $15.3B | 6% | EU, Middle East |
| Agricultural Products | $12.7B | 5% | EU, Russia, Iraq |
Türkiye has a diverse industrial base with strong manufacturing, services, and agricultural sectors. The country is Europe's largest bus and van manufacturer and the world's 13th largest vehicle producer.
1.5 million vehicles produced annually. Major brands: Ford, Fiat, Renault, Toyota, Hyundai. Exports worth $35+ billion.
World's 5th largest textile exporter. 35,000+ companies. Employs 1 million people. Complete supply chain from cotton to retail.
Turkish contractors rank 2nd globally in international projects. Active in 131 countries with $480B+ in completed projects.
6th most visited country. 51 million tourists in 2025. Revenue: $46 billion. 2.5 million jobs in sector.
World's 7th largest steel producer. 33.7 million tons annually. Major exporter to EU and Middle East markets.
7th largest agricultural producer globally. World's largest hazelnut producer (70% of global supply). Major wheat, cotton exporter.
| Sector | Employed (millions) | % of Total | Growth Rate |
|---|---|---|---|
| Services | 17.5 | 56.8% | +3.2% |
| Industry | 6.3 | 20.5% | +1.8% |
| Agriculture | 5.1 | 16.5% | -2.1% |
| Construction | 1.9 | 6.2% | +0.5% |
Türkiye has invested heavily in infrastructure over the past two decades, transforming its transportation networks and urban development.
Istanbul Airport: World's busiest (2025). Capacity: 200M passengers/year when complete. 350+ destinations served.
1,213 km high-speed rail. Ankara-Istanbul: 4.5 hours. Major expansion planned by 2030.
Canal Istanbul, 3rd Bosphorus Bridge, Eurasia Tunnel, Marmaray. Transforming connectivity between continents.
Installed power capacity. 42% renewable sources. Major wind and solar investments. Energy hub ambitions.
Special economic zones. $35B trade volume. Tax advantages. 75,000+ employed.
Internet penetration. 88M mobile subscribers. Growing tech startup ecosystem. $2B+ VC investments (2025).
Türkiye attracted $15.2 billion in FDI in 2025, with major investments in manufacturing, energy, and services. The country offers:
| Indicator | Global Rank | Regional Rank | Score |
|---|---|---|---|
| Overall Ease of Doing Business | 33rd / 190 | 7th / 25 (Europe) | 76.8 |
| Starting a Business | 77th | 18th | 85.6 |
| Getting Electricity | 41st | 12th | 82.5 |
| Registering Property | 27th | 5th | 80.9 |
| Getting Credit | 37th | 8th | 70.0 |
| Enforcing Contracts | 24th | 4th | 71.8 |
Economic data compiled from: Turkish Statistical Institute (TÜİK), Central Bank of Republic of Turkey (CBRT), Ministry of Treasury and Finance, World Bank, IMF, OECD. All figures are latest available as of November 2026. Some 2026 figures are projections based on current trends.