Country Rankings According to Data of GDP-PPP* - 2003 and 2017 While the economy of Turkey was the 18th largest economy in the world in 2003, it rose to 13th in 2017.   Source: IMF World Economic Outlook, April 2018 (IMF WEO) * PPP: Purchasing Power Parity Real GDP Growth (Index: 2002=100)   The growth momentum of Turkey, which outperforms its competitors, is expected to continue in the coming years. Source: IMF WEO Average Annual GDP Growth (%) - 2003-2017 Source: IMF WEO G20 Countries Real GDP Growth - 2017   Despite global and regional challenges, Turkey was the fastest growing economy among G20 member countries in 2017.   Source: OECD Turkish Economy (GDP at current prices, billion US dollars) In the last 15 years, Turkey has shown a remarkable performance by increasing its gross domestic product from the level of 236 billion USD (2002) to 851 billion USD (2017).       Source: TURKSTAT  Three-fold Increase in National Income Per Capita (GDP per capita, current prices) While the Turkey's national income per capita was 3,581 US dollars in 2002, it tripled in 2017 to 10,597 US dollars.     Source: TURKSTAT Contribution to GDP Growth (%) - 2003 - 2017 The strong domestic market and the entrepreneurial private sector have accelerated the economic growth of Turkey in the last 15 years by supporting investments and exports.   Source: TURKSTAT GDP Per Capita in Countries with a Population Over 50 Million - 2017   Among the countries having a population of more than 50 million, Turkey is one of nine economies with a GDP per capita higher than 10,000 US dollars.   Source: IMF WEO Gross Public Debt Stock (GDP -%) By adhering to fiscal discipline, Turkey managed to reduce the ratio of public debt stock to national income to 28% in 2017, which was 70% in 2002.   Source: Eurostat, Ministry of Treasury and Finance, IMF WEO The positive impact of the tight fiscal discipline followed has been reflected in Turkey's budget balance as a noticeable declining deficit in the past 15 years.   Source: Eurostat, Ministry of Treasury and Finance, IMF WEO Annual Inflation (%) High inflation rates and accompanying high volatility have been rapidly reduced and kept under control since 2003.     Source: TURKSTAT, OECD Employment Provision - 2007-2017  Turkey achieved an employment increase of 7.4 million in the 2007-2017 period.   Source: OECD Exports of Goods in Turkey and in the World      Turkey has exceeded the world performance with its brilliant annual average growth of 10.3% in exports and has increased its export volume from 36 billion USD to 157 billion USD in the last 15 years. In line with this performance, Turkey's share in global exports, which was below 0.6% in 2002, reached 1% in 2017.     Source: TURKSTAT, International Trade Center (ITC) Turkey's Share in Global Exports    Source: ITC    Distribution of Exports of Turkey by Regions     Turkey increased its total export volume from 36 billion US dollars in 2002 to 157 billion US dollars in 2017 and provided a significant diversity in terms of both exported countries and exported products.   Source: TURKSTAT       Number of Export Commodities with An Amount of Over 1 Billion USD       Source: TURKSTAT