The tax-to-GDP ratio in Turkey decreased by 0.5 percentage points from 24.9% in 2017 to 24.4% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Turkey decreased by 0.1 percentage points from 39.2 in 2018 to 39.1 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Turkey had the 16th highest tax wedge among the 36 OECD member countries, compared with the 17th in 2018.

Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough.

Weapons Sales in Turkey increased to 364 USD Million in 2018 from 245 USD Million in 2017. Weapons Sales in Turkey averaged 96.52 USD Million from 1980 until 2018, reaching an all time high of 364 USD Million in 2018 and a record low of 3 USD Million in 1995. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Banks Balance Sheet in Turkey increased to 4678225798 TRY Thousand in February from 4498754472 TRY Thousand in January of 2020. Banks Balance Sheet in Turkey averaged 762529950.36 TRY Thousand from 1986 until 2020, reaching an all time high of 4678225798 TRY Thousand in February of 2020 and a record low of 15859.80 TRY Thousand in January of 1986. This page provides the latest reported value for - Turkey Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey recorded a government budget deficit of 41951225 TRY Thousand in March of 2020. Government Budget Value in Turkey averaged -3939005.32 TRY Thousand from 1985 until 2020, reaching an all time high of 20773054 TRY Thousand in January of 2020 and a record low of -41951225 TRY Thousand in March of 2020. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. Until 2005, data are cumulative. This page provides - Turkey Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey is a significant and geopolitically critical economy. Its companies, like those from many other countries, operate in corruption-prone sectors and countries. In spite of this, only 10 allegations have come to the attention of Turkish authorities since foreign bribery became an offence in Turkey in 2003.

The global recovery is still hesitant and unemployment at record highs, despite ample liquidity in financial markets. OECD Secretary-General Angel Gurría will open the 10th Global Forum on International Investment with Minister of Economy, Turkey, Nihat Zeybekci, to address policy options for sparking an investment comeback.

Housing Index in Turkey increased to 123.70 points in February from 120.90 points in January of 2020. Housing Index in Turkey averaged 77.80 points from 2010 until 2020, reaching an all time high of 123.70 points in February of 2020 and a record low of 45.40 points in January of 2010. In Turkey, the Housing Index is measured by the residential property price index. This page provides the latest reported value for - Turkey House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Turkey increased to 13.80 percent in January from 13.70 percent in December of 2019. Unemployment Rate in Turkey averaged 10.38 percent from 2005 until 2020, reaching an all time high of 14.80 percent in February of 2009 and a record low of 7.30 percent in June of 2012. In Turkey, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The transportation sub-index of the CPI basket in Turkey decreased to 411.33 points in April of 2020 from 419 points in March of 2020. CPI Transportation in Turkey averaged 210.70 points from 2003 until 2020, reaching an all time high of 428.76 points in January of 2020 and a record low of 94.61 points in January of 2003. This page provides - Turkey Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Turkey decreased to 27266 Thousand in January of 2020 from 27658 Thousand in December of 2019. Employed Persons in Turkey averaged 23982.88 Thousand from 2005 until 2020, reaching an all time high of 29318 Thousand in August of 2018 and a record low of 18493 Thousand in February of 2006. In Turkey, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides the latest reported value for - Turkey Employed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Debt in Turkey increased to 1462018 TRY Million in March from 1409519 TRY Million in February of 2020. Government Debt in Turkey averaged 302607.10 TRY Million from 1986 until 2020, reaching an all time high of 1462018 TRY Million in March of 2020 and a record low of 15 TRY Million in January of 1986. In Turkey, Government Debt refers to the central government gross debt stock in local and foreign currencies. This page provides the latest reported value for - Turkey Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The management of operational risk is at the heart of efficient government, but countries often fail to apply good or even routine operational risk management practices and have difficulty in understanding how to put the processes in place. This paper sets out a widely-applicable and relevant policy approach and management framework and illustrates its practical application in Turkey.

This paper studies the case of Turkey and suggests several tools to promote retirement planning. Section I provides a review of the traditional and behavioural policy instruments designed to promote retirement savings, along with a discussion on their effectiveness.

Capacity Utilization in Turkey decreased to 61.60 percent in April from 75.30 percent in March of 2020. Capacity Utilization in Turkey averaged 75.22 percent from 2007 until 2020, reaching an all time high of 82 percent in July of 2007 and a record low of 58.70 percent in March of 2009. In Turkey, Capacity Utilization is a measure of how much of the economy's potential output is being used. This page provides the latest reported value for - Turkey Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports to Syria in Turkey increased to 116357.25 USD THO in March from 76651.55 USD THO in February of 2020. Exports to Syria in Turkey averaged 118030.20 USD THO from 2014 until 2020, reaching an all time high of 311719 USD THO in July of 2014 and a record low of 68184.85 USD THO in January of 2020. This page includes a chart with historical data for Turkey Exports to Syria.

Exports to Tunisia in Turkey increased to 88516.26 USD THO in March from 83046.48 USD THO in February of 2020. Exports to Tunisia in Turkey averaged 74293.63 USD THO from 2014 until 2020, reaching an all time high of 115940.17 USD THO in December of 2017 and a record low of 46227.39 USD THO in June of 2019. This page includes a chart with historical data for Turkey Exports to Tunisia.

Exports to Turkish Region of Northern Cyprus in Turkey decreased to 72.49 USD Million in March from 81.53 USD Million in February of 2020. Exports to Turkish Region of Northern Cyprus in Turkey averaged 93.09 USD Million from 2014 until 2020, reaching an all time high of 153.24 USD Million in October of 2019 and a record low of 52.78 USD Million in January of 2016. This page includes a chart with historical data for Turkey Exports to Turkish Region Of Northern Cyprus.

Exports to Turkmenistan in Turkey increased to 61154.43 USD THO in March from 52931.09 USD THO in February of 2020. Exports to Turkmenistan in Turkey averaged 99966.32 USD THO from 2014 until 2020, reaching an all time high of 239095 USD THO in September of 2014 and a record low of 30049.83 USD THO in September of 2018. This page includes a chart with historical data for Turkey Exports to Turkmenistan.

Exports to Ukraine in Turkey increased to 186.33 USD Million in March from 166.37 USD Million in February of 2020. Exports to Ukraine in Turkey averaged 121.87 USD Million from 2014 until 2020, reaching an all time high of 307.36 USD Million in November of 2019 and a record low of 0 USD Million in April of 2014. This page includes a chart with historical data for Turkey Exports to Ukraine.

Exports to United Arab Emirates in Turkey decreased to 213.54 USD Million in March from 264.20 USD Million in February of 2020. Exports to United Arab Emirates in Turkey averaged 415.80 USD Million from 2014 until 2020, reaching an all time high of 1097.41 USD Million in July of 2017 and a record low of 153.45 USD Million in January of 2018. This page includes a chart with historical data for Turkey Exports to Uae.

Exports to Denmark in Turkey decreased to 73.17 USD Million in March from 86.33 USD Million in February of 2020. Exports to Denmark in Turkey averaged 82.45 USD Million from 2014 until 2020, reaching an all time high of 131.85 USD Million in July of 2018 and a record low of 64.06 USD Million in April of 2019. This page includes a chart with historical data for Turkey Exports to Denmark.

Exports to Egypt in Turkey decreased to 265206.85 USD THO in March from 290044.92 USD THO in February of 2020. Exports to Egypt in Turkey averaged 249312.03 USD THO from 2014 until 2020, reaching an all time high of 369247 USD THO in October of 2014 and a record low of 145906.93 USD THO in July of 2017. This page includes a chart with historical data for Turkey Exports to Egypt.

Exports to Finland in Turkey increased to 27762.12 USD THO in March from 26018.43 USD THO in February of 2020. Exports to Finland in Turkey averaged 25811.41 USD THO from 2014 until 2020, reaching an all time high of 37980 USD THO in July of 2014 and a record low of 17524 USD THO in May of 2015. This page includes a chart with historical data for Turkey Exports to Finland.

Exports to France in Turkey decreased to 463.67 USD Million in March from 608.29 USD Million in February of 2020. Exports to France in Turkey averaged 554.80 USD Million from 2014 until 2020, reaching an all time high of 741.13 USD Million in July of 2019 and a record low of 413.09 USD Million in May of 2015. This page includes a chart with historical data for Turkey Exports to France.

Exports to Georgia in Turkey increased to 122.33 USD Million in March from 115.63 USD Million in February of 2020. Exports to Georgia in Turkey averaged 107.05 USD Million from 2014 until 2020, reaching an all time high of 149.18 USD Million in November of 2019 and a record low of 64.72 USD Million in January of 2017. This page includes a chart with historical data for Turkey Exports to Georgia.

Exports to Germany in Turkey decreased to 1190.62 USD Million in March from 1238.34 USD Million in February of 2020. Exports to Germany in Turkey averaged 1240.13 USD Million from 2014 until 2020, reaching an all time high of 1503.84 USD Million in March of 2018 and a record low of 964.72 USD Million in July of 2016. This page includes a chart with historical data for Turkey Exports to Germany.

Exports to Greece in Turkey decreased to 123.25 USD Million in March from 143.23 USD Million in February of 2020. Exports to Greece in Turkey averaged 143.56 USD Million from 2014 until 2020, reaching an all time high of 216.17 USD Million in February of 2019 and a record low of 83.40 USD Million in August of 2015. This page includes a chart with historical data for Turkey Exports to Greece.

Exports to Hong Kong in Turkey decreased to 34279.61 USD THO in March from 43928.19 USD THO in February of 2020. Exports to Hong Kong in Turkey averaged 46227.11 USD THO from 2014 until 2020, reaching an all time high of 153370.57 USD THO in October of 2018 and a record low of 16560.08 USD THO in January of 2016. This page includes a chart with historical data for Turkey Exports to Hong Kong.

Exports to Hungary in Turkey decreased to 84262.49 USD THO in March from 103749.91 USD THO in February of 2020. Exports to Hungary in Turkey averaged 80133.53 USD THO from 2014 until 2020, reaching an all time high of 128169.12 USD THO in March of 2019 and a record low of 44229 USD THO in December of 2014. This page includes a chart with historical data for Turkey Exports to Hungary.

Exports to Iran in Turkey decreased to 36.27 USD Million in March from 160.01 USD Million in February of 2020. Exports to Iran in Turkey averaged 334.57 USD Million from 2014 until 2020, reaching an all time high of 4088 USD Million in April of 2014 and a record low of 36.27 USD Million in March of 2020. This page includes a chart with historical data for Turkey Exports to Iran.

Exports to Iraq in Turkey decreased to 453.31 USD Million in March from 806.45 USD Million in February of 2020. Exports to Iraq in Turkey averaged 724.61 USD Million from 2014 until 2020, reaching an all time high of 1110.04 USD Million in December of 2014 and a record low of 443.48 USD Million in July of 2016. This page includes a chart with historical data for Turkey Exports to Iraq.

Exports to Ireland in Turkey decreased to 42031.14 USD THO in March from 49347.75 USD THO in February of 2020. Exports to Ireland in Turkey averaged 45940.94 USD THO from 2014 until 2020, reaching an all time high of 162400.21 USD THO in November of 2018 and a record low of 1024 USD THO in April of 2014. This page includes a chart with historical data for Turkey Exports to Ireland.

Exports to Israel in Turkey increased to 389.46 USD Million in March from 375.65 USD Million in February of 2020. Exports to Israel in Turkey averaged 286.23 USD Million from 2014 until 2020, reaching an all time high of 453.15 USD Million in March of 2019 and a record low of 175.77 USD Million in January of 2015. This page includes a chart with historical data for Turkey Exports to Israel.

Exports to Italy in Turkey decreased to 509.03 USD Million in March from 730.46 USD Million in February of 2020. Exports to Italy in Turkey averaged 684.15 USD Million from 2014 until 2020, reaching an all time high of 958.70 USD Million in March of 2018 and a record low of 425.91 USD Million in August of 2014. This page includes a chart with historical data for Turkey Exports to Italy.

Exports to Japan in Turkey decreased to 35.67 USD Million in March from 40.92 USD Million in February of 2020. Exports to Japan in Turkey averaged 34.31 USD Million from 2014 until 2020, reaching an all time high of 72.73 USD Million in December of 2019 and a record low of 18.84 USD Million in August of 2014. This page includes a chart with historical data for Turkey Exports to Japan.

Exports to Jordan in Turkey increased to 53651.70 USD THO in March from 46906.99 USD THO in February of 2020. Exports to Jordan in Turkey averaged 62706.66 USD THO from 2014 until 2020, reaching an all time high of 121704 USD THO in September of 2015 and a record low of 36495 USD THO in August of 2014. This page includes a chart with historical data for Turkey Exports to Jordan.

Exports to Kazakhstan in Turkey decreased to 66651.73 USD THO in March from 76935.29 USD THO in February of 2020. Exports to Kazakhstan in Turkey averaged 63806.79 USD THO from 2014 until 2020, reaching an all time high of 96445 USD THO in July of 2014 and a record low of 33678.08 USD THO in January of 2016. This page includes a chart with historical data for Turkey Exports to Kazakhstan.

Exports to Kuwait in Turkey increased to 53557.40 USD THO in March from 49541.32 USD THO in February of 2020. Exports to Kuwait in Turkey averaged 40169.04 USD THO from 2014 until 2020, reaching an all time high of 64235 USD THO in December of 2015 and a record low of 23206 USD THO in November of 2014. This page includes a chart with historical data for Turkey Exports to Kuwait.

Exports to Lebanon in Turkey decreased to 55368.37 USD THO in March from 67819.43 USD THO in February of 2020. Exports to Lebanon in Turkey averaged 70007.87 USD THO from 2014 until 2020, reaching an all time high of 124949.04 USD THO in December of 2019 and a record low of 41573.47 USD THO in November of 2019. This page includes a chart with historical data for Turkey Exports to Lebanon.

Exports to Libya in Turkey decreased to 161.10 USD Million in March from 164.93 USD Million in February of 2020. Exports to Libya in Turkey averaged 118.58 USD Million from 2014 until 2020, reaching an all time high of 240.76 USD Million in April of 2014 and a record low of 49.90 USD Million in September of 2017. This page includes a chart with historical data for Turkey Exports to Libya.

Exports to Malta in Turkey decreased to 15.09 USD Million in March from 16.94 USD Million in February of 2020. Exports to Malta in Turkey averaged 47.83 USD Million from 2014 until 2020, reaching an all time high of 127.91 USD Million in February of 2019 and a record low of 8.97 USD Million in September of 2016. This page includes a chart with historical data for Turkey Exports to Malta.

Exports to Algeria in Turkey increased to 151.55 USD Million in March from 139.25 USD Million in February of 2020. Exports to Algeria in Turkey averaged 154.81 USD Million from 2014 until 2020, reaching an all time high of 221.55 USD Million in September of 2014 and a record low of 103.89 USD Million in January of 2016. This page includes a chart with historical data for Turkey Exports to Algeria.

Exports to Australia in Turkey increased to 57.10 USD Million in March from 43.89 USD Million in February of 2020. Exports to Australia in Turkey averaged 49.52 USD Million from 2014 until 2020, reaching an all time high of 168.03 USD Million in February of 2016 and a record low of 30.51 USD Million in January of 2016. This page includes a chart with historical data for Turkey Exports to Australia.

Exports to Austria in Turkey decreased to 80041.73 USD THO in March from 83701.03 USD THO in February of 2020. Exports to Austria in Turkey averaged 91929.84 USD THO from 2014 until 2020, reaching an all time high of 124590.37 USD THO in October of 2018 and a record low of 69332.25 USD THO in January of 2016. This page includes a chart with historical data for Turkey Exports to Austria.

Exports to Azerbaijan in Turkey increased to 133.15 USD Million in March from 127.89 USD Million in February of 2020. Exports to Azerbaijan in Turkey averaged 143.18 USD Million from 2014 until 2020, reaching an all time high of 304.39 USD Million in December of 2014 and a record low of 44.75 USD Million in January of 2016. This page includes a chart with historical data for Turkey Exports to Azerbaijan.

Exports to Belgium in Turkey decreased to 262.34 USD Million in March from 312.17 USD Million in February of 2020. Exports to Belgium in Turkey averaged 257.43 USD Million from 2014 until 2020, reaching an all time high of 406.07 USD Million in November of 2018 and a record low of 172.07 USD Million in July of 2016. This page includes a chart with historical data for Turkey Exports to Belgium.