Home News Turkey Climbs Up To 11th Place Globally In Terms of GDP

Turkey Climbs Up To 11th Place Globally In Terms of GDP


​​​The International Monetary Fund (IMF) has revised its GDP forecasts for countries around the world in its latest World Economic Outlook April 2021 report.

Accordingly, growth forecast for the Turkish economy has been revised upwards to 6 percent in 2021, up from 5.5 percent. With this, Turkey is among the top three emerging economies with the highest growth expectations for 2021 after India and China.​

Meanwhile, Turkey climbed up to 11th place globally in terms of GDP at PPP in 2020—up from a 13th place in 2019.​

Source: Republic of Turkey Investment Office
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