Goods and services expense in Turkey
Turkey: Goods and services expense was 1.24 trillion current LCU in 2024. ◆ Volatile
Goods and services expense in Turkey, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Turkey recorded 1.24 trillion current LCU for goods and services expense in 2024. That is the highest value across all 43 years on record.
That represents a change of up 55.5% on the previous year and up 1,711.3% over ten years.
Over the whole period, goods and services expense in Turkey peaked at 1.24 trillion current LCU in 2024 and was at its lowest, 7,900 current LCU, in 1972.
Turkey ranks 27th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20,038 current LCU | 7,900 current LCU | 56,800 current LCU | 8 |
| 1980s | 1.23 million current LCU | 126,700 current LCU | 4.09 million current LCU | 9 |
| 1990s | 295.41 million current LCU | 7.03 million current LCU | 1.34 billion current LCU | 9 |
| 2000s | 29.01 billion current LCU | 26.73 billion current LCU | 31.28 billion current LCU | 2 |
| 2010s | 80.48 billion current LCU | 39.25 billion current LCU | 139.48 billion current LCU | 10 |
| 2020s | 566.28 billion current LCU | 154.46 billion current LCU | 1.24 trillion current LCU | 5 |
Countries ranked near Turkey
- 24 Costa Rica 1.66 trillion current LCU compare
- 25 Cote d'Ivoire 1.42 trillion current LCU compare
- 26 Ukraine 1.38 trillion current LCU compare
- 28 Philippines 1.09 trillion current LCU compare
- 29 Malawi 1.05 trillion current LCU compare
- 30 Cameroon 1.04 trillion current LCU compare
More public sector data for Turkey
- Arms imports 381.00 million SIPRI trend indicator values (2024)
- Tax revenue 17.6% (2024)
- Taxes on income, profits and capital gains 17.7% (2024)
- Taxes on goods and services 35.0% (2024)
- Net investment in nonfinancial assets 2.6% (2024)
- Net lending (+) / net borrowing (-) -3.0% (2024)
- Interest payments 11.7% (2024)
- Grants and other revenue 21.5% (2024)
- Interest payments 11.0% (2023)
- Other taxes 1.2% (2024)
Frequently asked questions
- What is goods and services expense in Turkey?
- Goods and services expense in Turkey was 1.24 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Turkey?
- The highest recorded value was 1.24 trillion current LCU in 2024.
- What is the lowest goods and services expense recorded in Turkey?
- The lowest recorded value was 7,900 current LCU in 1972.
- How does Turkey rank for goods and services expense?
- Turkey ranks 27th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Turkey?
- Over the last ten years it is up 1,711.3%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.