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Turkey — Market Overview

🇹🇷 Turkey

Turkey trades as one of the most policy-sensitive large emerging markets because inflation, FX management, and domestic liquidity conditions can reshape sector leadership and valuation multiples very quickly. The cleanest read usually comes from inflation stabilization, reserve and FX credibility, and whether exporters and banks can keep carrying earnings through a volatile domestic policy cycle.

Carte régionale

Faits clés

Turkey en un coup d'œil

Capital

Ankara

Currency

Turkish Lira (TRY)

Primary exchange

Borsa Istanbul

Central bank

Central Bank of the Republic of Turkiye

Region

Middle East

Time zone

Europe/Istanbul

Country dashboard

Pourquoi ce marché compte

This first pass is built as a reusable country page instead of a static essay. The page now combines a stylized country map, a switchable line-chart explorer, and linked peer countries so users can move from Turkey into the rest of the region without losing the macro frame.

Explorateur macro

Changez de variable, gardez le contexte du pays

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Turkey starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.

3.0%4.0%5.0%6.0%201020112012201320142015201620172018201920202021202220232024
Cliquez sur une année pour zoomer à partir de ce point.

Variables disponibles

Real GDP growth

3.2%
Tendance 1 an+0.3%
Croissance moy.-0.9%

Ce que cela signale

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is higher by 0.3%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still downward.

Commerce et position extérieure

Exportations, services et balance extérieure

Plutôt qu'un mur générique de cartes macro, cette section se concentre sur la manière dont le pays attire la demande étrangère, où se situe son avantage commercial et comment évolue sa balance extérieure.

Échanges totaux TurkeyTRY 742,1 Md
Biens
Services
Biens
Services
ExportationTRY 374,7 Md
TRY 367,4 MdImportation
Balance extérieure2024
Exportations +TRY 374,7 Md
Importations -TRY 367,4 Md
Solde+TRY 7,3 Md
TRY 374,7 Md
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Turkey is capturing across both physical products and higher-value intangible flows.

TRY 261,8 Md
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

TRY 117,2 Md
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Turkey is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composition des échanges

Ce que le pays exporte

Partenaires commerciaux

Où le pays commerce

Prisme des matières premières

Exposition aux matières premières

Trade openness54.6%

Trade in goods and services equaled 54.6% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports31.3%

Services represented 31.3% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share73.6%

Manufactures accounted for 73.6% of merchandise exports in 2024.

Fuel share6.2%

Fuel exports accounted for 6.2% of merchandise exports in 2024, useful for reading commodity exposure.

Food share12.3%

Food exports accounted for 12.3% of merchandise exports in 2024, adding context on agricultural exposure.

Ce qu'il faut surveiller

Grille de lecture

01

inflation regime

Turkey should first be read through inflation regime. When this regime shifts, local multiples and sector leadership usually shift with it.

02

FX credibility

The cleanest read usually comes from inflation stabilization, reserve and FX credibility, and whether exporters and banks can keep carrying earnings through a volatile domestic policy cycle. That makes fx credibility one of the most important signals for revising the country narrative.

03

banks and exporters

The final layer is banks and exporters, because it determines whether the macro backdrop turns into sustainable earnings support for the BIST 100.

Autres pays

Poursuivez à travers Middle East

Chaque carte ouvre le même modèle de pays avec sa propre carte, des variables macro permutables et une vue de référence. C'est le premier réseau lié de pages pays de la région.