Turkey vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Turkey ranked 19th with $771.4B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Turkey ranked 126th vs 36th and 23rd vs 78th, respectively.

Gross Domestic Product & Income

StatTurkeyUnited Kingdom
GDP$771.4B$2.9T
GDP growth, 1 year2.6%1.4%
GDP growth, 5-years average4.9%2.1%
Population82M66M
GDP per capita$9.4k$43k
GDP per capita growth1.31%0.73%
Purchasing Power Parity conversion factor1.610.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.93
GDP per capita, PPP adjusted$28k$46k
GNI, Atlas method$858.1B$2.8T
GNI per capita$10k$42k
GNI, PPP adjusted$2.3T$3T
GNI per capita, PPP adjusted$28k$45k

Financial system and Human development

StatTurkeyUnited Kingdom
Income Tax Rate35%45%
Corporate Tax Rate22%20%
Inflation, consumer prices16.3%2.5%
Inflation, GDP deflator16.4%1.9%
Unemployment10.9%4%
Economic Freedom Index64.479.3
Personal Freedom Index6.979.08
Human Freedom Index6.968.55
Property Rights Index57.492.2
Judical Effectiveness Index53.782.7
Business Freedom Index6794.7
Fiscal Health Index86.178.1
Labor Freedom Index49.273.1
Investment Freedom Index7080
Financial Freedom Index6080
Trade Freedom Index7886.4
Monetary Freedom Index66.180.3
Government Spending Index64.149.5
Tax Burden Index76.764.7
Government Integrity Index44.689.9
Corruption Perceptions Index4180
Life expectancy at birth, years77.281.2
Suicide mortality rate, per 100,000 people7.38.9
Mortality caused by road traffic injury, per 100,000 people12.33.1
Intentional homicides, per 100,000 people4.31.2
International tourism, number of arrivals45.8M36.3M

Government debt & reserves

StatTurkeyUnited Kingdom
Central government debt, % of GDP29.1%86.9%
External debt stocks, % of GNI59%N/A
External debt stocks$445.1BN/A
Short-term debt, % of total reserves124.1%N/A
Total debt service, % of exports and primary income36.7%N/A
Adjusted net savings including particulate emission damage, % of GNI11.4%5.5%
Gross savings, % of GDP27.1%13.4%
Gross capital formation, % of GDP29.6%17.3%
Total reserves including gold$93B$172.7B
Foreign direct investment net inflows$13.1B$35.1B

Exports, imports and economic structure

StatTurkeyUnited Kingdom
Exports of goods and services, % of GDP29.5%30%
Imports of goods and services, % of GDP30.6%31.8%
Current account balance (balance of payments)-$27B-$123.1B
Revenue excluding grants, % of GDP30.7%35.3%
Grants excluding technical cooperation, BoP$1.3BN/A
Personal remittances received$1.1B$4.4B
Industry including construction value added, % of GDP29.5%17.5%
Agriculture, forestry and fishing value added, % of GDP5.8%0.6%
Charges for the use of intellectual property, payments BoP$726M$13.5B
Charges for the use of intellectual property, receipts BoP$29M$21.7B
Expense, % of GDP33.9%36%
Government Expenditure, % of GDP34.6%41%

Compare with countries close by GDP per capita

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M