Turkey nominal GDP was 0.75 Trillion in 2025 and now its 1.5 Trillion in 2025 roughly doubled in 5 years just. That's almost as fast as China was growing at its peak during 00s when it was posting 10-12% growth rate.
Turkey meanwhile has modest growth at around 2-4% for last 5 years just and is suffering from monetary issues with lira dropping 82% in last 5 years yet nominal GDP is surging at insane rates reaching new highs
Why is Turkey GDP increasing so rapidly despite average growth rate and currency collapse?
byu/Solid-Move-1411 inAskEconomics
Posted by Solid-Move-1411
1 Comment
Well you said it yourself – it’s the nominal GDP that has grown so fast, not the real GDP.
This indicates a high inflation scenario.