Türkiye's gross domestic product (GDP) grew 5.6 percent annually in 2022, making it the fastest growing economy in the G20, third in the EU, and fifth in the world.
The data unveiled by the Turkish Statistical Institute (TurkStat) revealed that the Turkish economy's robust recovery continued at full speed in 2022. Türkiye's GDP reached USD 906 billion, the highest level in eight years, and GDP per capita hit USD 10,655, the highest level in six years.
In the last quarter of 2022, Türkiye's GDP grew 3.5 percent year-on-year.
A closer look into GDP activities demonstrated that the majority of the components, particularly investment expenditure and exports, contributed positively to economic growth.