Turkish Economy - News & Updates

[Eşbah]

Türkiye’s agricultural output tops $83 billion in record high - Latest News

Türkiye’s agricultural output exceeded $80 billion for the first time, reaching a record $83.2 billion in 2025, Agriculture and Forestry Minister İbrahim Yumaklı said.

www.hurriyetdailynews.com

 

[MMM-E]

View attachment 210841

View attachment 210842

@MMM-E

GDP comparison between Turkiye and Greece showcases a dramatic economic divergence over a 26-year span

In 2000, the Turkish economy was only 1.25 times larger than the Greek economy

but by 2026, IMF and World Bank projections estimate that Türkiye's economy will expand to over 5.3 times the size of Greece's.



2000
Turkiye : $273 billion
Greece : $218 billion

2026
Turkiye : $1,64 trillion
Greece : $308 billion




------------------------------------------------------------------------


The Closing Gap (Germany vs Türkiye)
In 2000, Germany's economy was 7.2 times larger than Türkiye's
By 2026, due to Türkiye’s rapid industrialization and population growth, Germany is now only 3.3 times larger than Türkiye


Three-Way GDP Evolution (2000 vs. 2026)

Country	2000 Nominal GDP	2026 Projected GDP	Growth Multiplier	European Rank (2026)
Germany	$1.97 Trillion	$5.45 Trillion	~2.8x growth	#1 largest
Türkiye	$273 Billion	$1.64 Trillion	~6.0x growth	#7 largest

Thanks to President ERDOGAN

 

[retaxis]

I don't know how, but Turkey GDP per capita went past China because it was falling behind for a while so congrats when its due.

List of countries by GDP (nominal) per capita - Wikipedia

en.wikipedia.org

 

[MMM-E]

I don't know how, but Turkey GDP per capita went past China because it was falling behind for a while so congrats when its due.

Turkiye had always bigger GDP per capita to compare with China in the last 50 years

Historical GDP Per Capita Comparison (Nominal USD)

Year	Türkiye GDP Per Capita	China GDP Per Capita	The Gap (Ratio)
1976	$1,270	$165	Türkiye was 7.7x higher
1996	$3,045	$709	Türkiye was 4.3x higher
2016	$10,890	$8,095	Türkiye was 1.3x higher
2026 (Proj.)	$19,020	$14,870	Türkiye is 1.2x higher

In the late 1970s, between 80% to 90% of China’s population lived below the international poverty line, surviving on less than $2 a day.

 

[retaxis]

Turkiye had always bigger GDP per capita to compare with China in the last 50 years

Historical GDP Per Capita Comparison (Nominal USD)

Year	Türkiye GDP Per Capita	China GDP Per Capita	The Gap (Ratio)
1976	$1,270	$165	Türkiye was 7.7x higher
1996	$3,045	$709	Türkiye was 4.3x higher
2016	$10,890	$8,095	Türkiye was 1.3x higher
2026 (Proj.)	$19,020	$14,870	Türkiye is 1.2x higher

When the lira crashed around 2020 Turkish GDP went south. This was the time when trump was bragging about destroying the turkish economy remember?

Donald Trump famously bragged about his ability to "totally destroy and obliterate" the Turkish economy via a viral social media post on October 7, 2019. His comments were made to warn Turkish President Recep Tayyip Erdoğan against executing an unregulated military offensive against U.S.-allied Kurdish forces in northern Syria. [1, 2, 3]

The Specific Quote and Context
The exact statement posted by Trump on Twitter (now X) stated:

"As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I've done before!)" [1]

Trump boasted about having "done before" as a reference to the economic pressure, steel tariffs, and sanctions his administration placed on Turkey in 2018. Those measures triggered a severe Turkish currency crisis following the detention of American pastor Andrew Brunson. [1, 2]

Accompanying Actions and Rhetoric

• • Sanctions Threat: Following widespread domestic and international bipartisan criticism for pulling American troops out of the region, Trump continuously used economic warnings as a geopolitical shield. He reiterated on camera that he would "wipe out" Turkey's economy if they targeted the Syrian Kurds. [1, 2, 3, 4, 5]
  • Implementation of Penalties: On October 14, 2019, Trump followed through on a portion of these threats by halting negotiations on a $100 billion trade package, hiking steel tariffs back to 50%, and issuing sanctions against key Turkish government ministries and senior officials. [1]
  • The "Don't Be a Fool" Letter: Around this time, Trump sent a bluntly-worded letter to Erdoğan, publicized by Fox Business, stating he didn't want to be held responsible for "destroying the Turkish economy" and urged Erdoğan to negotiate a deal rather than proceed with a violent offensive. [1]

 

[MMM-E]

When the lira crashed around 2020 Turkish GDP went south. This was the time when trump was bragging about destroying the turkish economy remember?

You are talking about 2018-2019

jan 2018 : 1 USD = 3,57 Turkish Lira
dec 2019 : 1 USD = $5,94 Turkish Lira


on the other hand , President ERDOGAN's insistence on an unorthodox economic theory that "high interest rates cause inflation" led to aggressive interest rate cuts that severely destabilized the Turkish Lira and sent inflation skyrocketing in 2021

The exchange rate collapsed from around 7.4 TL per USD in January to an unprecedented 18 TL per USD by December

20 jan 2021 : 1 USD : 7,4 Turkish Lira
20 dec 2021 : 1 USD : 18 Turkish Lira

President ERDOGAN had a big mistake in 2021
And as a result of this huge mistake, inflation remains high... even though it dropped from 85% to 36%.

 

[retaxis]

You are talking about 2018-2019

jan 2018 : 1 USD = 3,57 Turkish Lira
dec 2019 : 1 USD = $5,94 Turkish Lira


on the other hand , President ERDOGAN's insistence on an unorthodox economic theory that "high interest rates cause inflation" led to aggressive interest rate cuts that severely destabilized the Turkish Lira and sent inflation skyrocketing in 2021

The exchange rate collapsed from around 7.4 TL per USD in January to an unprecedented 18 TL per USD by December

20 jan 2021 : 1 USD : 7,4 Turkish Lira
20 dec 2021 : 1 USD : 18 Turkish Lira

President ERDOGAN had a big mistake in 2021
And as a result of this huge mistake, inflation remains high... even though it dropped from 85% to 36%.

Yeah it was one of those years with hyperinflation month to month etc I can't remember the exact year