Türkiye's manufacturing, value added (current LCU) was 7.51 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 2,054% from 348.66 billion in 2014 (35.93% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.51 trillion | 2024 |
| Five years earlier | 803.81 billion | 2019 |
| Ten years earlier | 348.66 billion | 2014 |
| Highest | 7.51 trillion | 2024 |
| Lowest | 8,700 | 1960 |
| Average since 2015 | 2.17 trillion | 2015–2024 |
| First recorded | 8,700 |
What the numbers say
In 2024, Türkiye's manufacturing, value added (current LCU) rose 42.4% on 2023 (from 5.27 trillion to 7.51 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +42.2% and a typical year strayed about 45.4% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 223.8% in 1995 and the biggest yearly fall was 6.5% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 695.4 billion a year. A straight line explains 74% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Türkiye had the 4th highest value of the 45 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Türkiye in the 2024 ranking
- Iran, Islamic Rep. — 1st of 45: 44,316.8 trillion
- Japan — 2nd of 45: 119.35 trillion
- Madagascar — 3rd of 45: 10.45 trillion
- Algeria — 5th of 45: 3.41 trillion
- Serbia — 6th of 45: 1.24 trillion
- Niger — 7th of 45: 835.89 billion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 7,509,594,590,100 |
| 2023 | 5,274,343,683,800 |
| 2022 | 3,341,335,899,800 |
| 2021 | 1,644,647,639,300 |
| 2020 | 978,712,820,200 |
| 2019 | 803,808,011,700 |
| 2018 | 719,786,241,900 |
| 2017 | 553,855,311,400 |
| 2016 | 442,837,693,600 |
| 2015 | 394,751,515,200 |
Manufacturing, value added (current LCU) in nearby economies
- Albania — 159.96 billion (2025)
- Andorra — 116.77 million (2024)
- Armenia — 1.24 trillion (2025)
- Austria — 78.09 billion (2025)
- Azerbaijan — 7.72 billion (2025)
- Belarus — 58.78 billion (2025)
- Belgium — 71.72 billion (2025)
- Bosnia and Herzegovina — 6.8 billion (2025)
- Croatia — 9.43 billion (2025)
- Cyprus — 1.6 billion (2025)
More economic policy & debt data for Türkiye
- Total reserves, including gold (current US$) — US$185.57 billion (2025)
- Total reserves, excluding gold (current US$) — US$71.62 billion (2025)
- General government final consumption expenditure (current US$) — US$221.44 billion (2025)
- General government final consumption expenditure (current LCU) — 8.74 trillion (2025)
- General government final consumption expenditure (% of GDP) — 13.86% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$873.8 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 34.48 trillion (2025)
- Households and NPISHs final consumption expenditure (% of GDP) — 54.71% (2025)
Reading data like this
Questions people ask
- What is Türkiye's manufacturing, value added (current LCU)?
- 7.51 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 86.32 billion% from 8,700 in 1960 (37.92% a year on average, compounded). The highest value was 7.51 trillion in 2024 and the lowest 8,700 in 1960.
- How does Türkiye rank?
- 4th highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Türkiye?
- In 2024, Türkiye's manufacturing, value added (current LCU) rose 42.4% on 2023 (from 5.27 trillion to 7.51 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +42.2% and a typical year strayed about 45.4% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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