Services, value added in Turkey
Turkey: Services, value added was 3.1% in 2024. ◆ Volatile
Services, value added in Turkey, 1969–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Turkey is 3.1%, measured in 2024.
The figure is down 41.1% on the previous year and down 48.2% over ten years.
Over the whole period, services, value added in Turkey peaked at 14.1% in 2021 and was at its lowest, -4.3%, in 1994.
That places Turkey 115th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.6% | 5.6% | 5.6% | 1 |
| 1970s | 6.1% | -0.6% | 11.0% | 10 |
| 1980s | 4.7% | -1.5% | 13.2% | 10 |
| 1990s | 4.6% | -4.3% | 10.4% | 10 |
| 2000s | 4.2% | -2.6% | 9.1% | 10 |
| 2010s | 5.9% | 3.0% | 9.0% | 10 |
| 2020s | 6.6% | 0.4% | 14.1% | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- DEC alternative conversion factor 39.45 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -21.38 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -542.00 million current US$ (2025)
- Taxes less subsidies on products 7.15 trillion current LCU (2025)
- Taxes less subsidies on products 181.18 billion current US$ (2025)
- Net primary income (Net income from abroad) -917.68 billion current LCU (2025)
- Net primary income (Net income from abroad) -23.26 billion current US$ (2025)
- GNI per capita 723,152 current LCU (2025)
- GNI per capita, Atlas method 16,300 current US$ (2025)
- GNI 62.10 trillion current LCU (2025)
Frequently asked questions
- What is services, value added in Turkey?
- Services, value added in Turkey was 3.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Turkey?
- The highest recorded value was 14.1% in 2021.
- What is the lowest services, value added recorded in Turkey?
- The lowest recorded value was -4.3% in 1994.
- How does Turkey rank for services, value added?
- Turkey ranks 115th out of 197 countries with data for 2024.
- Is services, value added rising or falling in Turkey?
- Over the last ten years it is down 48.2%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.