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Economy of Turkey vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Turkey has a GDP of $1.36T compared to $115B for Uzbekistan, ranking 17/197 and 66/197 by economy size, respectively.

Turkey has $327B in government debt (24% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Turkey vs Uzbekistan GDP by year

Turkey
Uzbekistan
1x
Year GDP, current $
Turkey Uzbekistan
2024 $1,359,123,768,774 $114,965,293,467
2023 $1,141,242,864,657 $102,641,879,249
2022 $926,097,476,914 $90,095,926,567
2021 $839,938,668,172 $77,340,060,003
2020 $733,628,247,119 $66,443,265,418
2019 $775,853,144,223 $67,293,639,798
2018 $788,356,985,774 $58,695,899,092
2017 $863,874,522,365 $69,703,222,283
2016 $870,818,016,910 $86,138,288,644
2015 $865,460,050,684 $86,196,264,755
2014 $942,343,431,929 $80,845,385,809
2013 $962,167,643,589 $73,180,037,915
2012 $885,327,622,479 $67,517,349,212
2011 $844,192,507,381 $60,178,909,297
2010 $782,545,664,268 $49,765,676,402
2009 $653,894,449,921 $33,689,223,673
2008 $775,415,944,333 $29,549,438,884
2007 $685,228,481,017 $22,311,393,928
2006 $559,668,118,237 $17,330,833,853
2005 $508,314,210,213 $14,307,509,839
2004 $410,156,784,496 $12,030,023,548
2003 $315,392,899,922 $10,134,453,435
2002 $240,778,008,474 $9,687,788,513
2001 $202,195,080,239 $11,401,421,329
2000 $274,748,463,179 $13,760,513,969
1999 $256,673,939,248 $17,078,465,982
1998 $276,035,372,655 $14,988,971,211
1997 $263,817,553,748 $14,744,603,774
1996 $250,366,965,174 $13,948,892,216
1995 $234,699,627,004 $13,350,461,265
1994 $130,650,447,499 $12,899,074,922
1993 $180,415,757,852 $13,099,920,056
1992 $159,104,772,992 $12,953,801,760
1991 $151,034,731,544 $13,800,167,712
1990 $150,655,500,192 $13,362,340,338
1989 $107,127,191,329 $11,948,815,258
1988 $90,875,175,809 $10,722,799,639
1987 $87,190,081,680 $8,523,160,593
1986 $75,673,037,037 -
1985 $67,232,758,621 -
1984 $59,937,602,180 -
1983 $61,803,555,556 -
1982 $64,369,325,153 -
1981 $71,180,180,180 -
1980 $68,823,684,211 -
1979 $89,616,129,032 -
1978 $65,912,500,000 -
1977 $58,683,333,333 -
1976 $51,450,000,000 -
1975 $46,042,857,143 -
1974 $35,414,285,714 -
1973 $26,000,000,000 -
1972 $20,650,000,000 -
1971 $16,166,666,667 -
1970 $17,863,636,364 -
1969 $19,466,666,667 -
1968 $17,500,000,000 -
1967 $15,644,444,444 -
1966 $14,100,000,000 -
1965 $11,966,666,667 -
1964 $11,177,777,778 -
1963 $10,355,555,556 -
1962 $8,922,222,222 -
1961 $7,988,888,889 -
1960 $7,566,666,667 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/turkey/uzbekistan | CC BY

GDP per capita in Turkey vs Uzbekistan by year

Turkey
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Turkey Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $15,893 $45,639 $3,162 $11,879
2023 $13,375 $42,786 $2,879 $11,107
2022 $10,898 $39,564 $2,579 $10,293
2021 $9,982 $32,106 $2,259 $9,248
2020 $8,798 $29,209 $1,978 $8,452
2019 $9,395 $29,016 $2,041 $8,544
2018 $9,684 $28,640 $1,813 $8,129
2017 $10,756 $28,354 $2,191 $7,818
2016 $10,984 $26,731 $2,753 $6,919
2015 $11,065 $25,890 $2,803 $6,800
2014 $12,209 $24,193 $2,675 $6,610
2013 $12,636 $22,475 $2,462 $6,413
2012 $11,777 $20,739 $2,307 $6,168
2011 $11,374 $19,717 $2,088 $5,949
2010 $10,699 $17,466 $1,753 $5,505
2009 $9,077 $15,560 $1,206 $5,135
2008 $10,913 $16,142 $1,075 $4,800
2007 $9,767 $14,951 $824 $4,386
2006 $7,990 $13,555 $649 $3,956
2005 $7,332 $11,803 $543 $3,618
2004 $5,980 $10,759 $462 $3,321
2003 $4,650 $9,474 $394 $3,047
2002 $3,591 $9,154 $381 $2,902
2001 $3,052 $9,014 $454 $2,782
2000 $4,199 $9,326 $555 $2,644
1999 $3,974 $8,470 $698 $2,522
1998 $4,331 $8,763 $621 $2,418
1997 $4,197 $11,514 $621 $2,329
1996 $4,041 $10,624 $597 $2,214
1995 $3,846 $9,962 $583 $2,178
1994 $2,176 $9,253 $574 $2,197
1993 $3,058 $9,751 $596 $2,318
1992 $2,744 $8,969 $603 $2,371
1991 $2,649 $8,418 $658 $2,676
1990 $2,690 $8,208 $653 $2,665
1989 $1,949 - $598 -
1988 $1,686 - $551 -
1987 $1,650 - $450 -
1986 $1,461 - - -
1985 $1,326 - - -
1984 $1,209 - - -
1983 $1,276 - - -
1982 $1,360 - - -
1981 $1,537 - - -
1980 $1,516 - - -
1979 $2,013 - - -
1978 $1,510 - - -
1977 $1,372 - - -
1976 $1,228 - - -
1975 $1,122 - - -
1974 $881 - - -
1973 $661 - - -
1972 $537 - - -
1971 $431 - - -
1970 $488 - - -
1969 $544 - - -
1968 $501 - - -
1967 $459 - - -
1966 $425 - - -
1965 $370 - - -
1964 $354 - - -
1963 $337 - - -
1962 $298.2 - - -
1961 $274.4 - - -
1960 $267.1 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/turkey/uzbekistan | CC BY

Turkey's GDP per capita is $15,893, ranking 66/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Turkey ranks 51st at $45,639, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Turkey Uzbekistan
Gross domestic product
$1.36T
2024
$115B
2024
GDP rank
17/197
2024
66/197
2024
GDP growth
3.33%
2023-2024
6.5%
2023-2024
GDP per capita
$15,893
2024
$3,162
2024
GDP per capita rank
66/197
2024
139/197
2024
GDP per capita, PPP
$45,639
2024
$11,879
2024
GDP per capita PPP rank
51/197
2024
125/197
2024
Government debt
$327B
2024
$37.5B
2024
Debt-to-GDP ratio
24%
2024
32.7%
2024
Government debt per person
$3,820
2024
$1,032
2024
Government debt per person rank
92/185
2024
141/185
2024
Average annual personal income after taxes
$10,928
2026
$3,658
2026
Market capitalization of domestic companies
$379B
2024
$18.8B
2024
Number of millionaires
60,787
2025
n/a
Number of billionaires
32
2025
n/a
Income share by richest 10%
35.2%
2022
25.7%
2024
Income share by poorest 10%
2.1%
2022
2.3%
2024
Government expenditure, % of GDP
32.6%
2024
27.6%
2024
Consumer prices inflation
58.5%
2023-2024
9.6%
2023-2024
Central bank interest rate
38%
2025
14%
2025
Unemployment rate
8.71%
2024
5.29%
2020
Population
86002379
37939105

Spending and national debt comparison by year

Turkey
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Turkey Uzbekistan
Government spending Government debt Government spending Government debt
2024 32.6% 24% 27.6% 32.7%
2023 32.5% 28.7% 29.9% 32.2%
2022 26.8% 30.2% 31.3% 30.5%
2021 30.5% 39.4% 27.4% 31.7%
2020 34% 38.7% 26% 33.7%
2019 34.8% 31.8% 24.4% 25.4%
2018 33.9% 29.5% 22.2% 17.5%
2017 32.4% 27.6% 19.9% 17.3%
2016 33.8% 27.7% 23.3% 8.19%
2015 32.4% 27.1% 24.6% 6.72%
2014 32.5% 28.2% 24.9% 6.09%
2013 33.5% 30.8% 25.2% 6.23%
2012 34% 32.1% 23.9% 6.76%
2011 32.6% 35.7% 23.7% 6.33%
2010 35.2% 39.2% 26.4% 6.61%
2009 37% 42.9% 27.5% 7.3%
2008 33.5% 37.5% 26.5% 8.33%
2007 32.7% 37.5% 24.8% 9.56%
2006 33.4% 44% 24.7% 13.5%
2005 32% 50% 28.1% 21%
2004 34.5% 57% 29.4% 26.9%
2003 38.3% 65% 31.5% 31.4%
2002 40.9% 71.3% 34.6% 41.6%
2001 43.9% 75.3% 30.6% 44.8%
2000 39.4% 51.2% 32.9% 29.5%
1999 32.7% 52.1% 33.6% 18.4%
1998 27.9% 36.5% 35.1% 18%
1997 26.4% 32.5% 31.8% 15.3%
1996 24.5% 35.5% 35.1% -
1995 19.4% 34.6% 29.4% -
1994 20.5% 39.2% 27.1% -
1993 22% 29.1% 39.6% -
1992 18.6% 29.2% 18% -
1991 18.2% 28.4% - -
1990 14.1% 25.8% - -
1989 13.8% 33.5% - -
1988 12.9% 38.6% - -
1987 13.3% 40.3% - -
1986 12.1% 38.2% - -
1985 18% 44.3% - -
1984 14.1% 42.6% - -
1983 14.9% 32.7% - -
1982 19.2% 33.4% - -
1981 24% 32% - -
1980 25.5% 22.4% - -
1979 28.3% 23.6% - -
1978 27.6% 25.8% - -
1977 27.8% 24% - -
1976 23.3% 20.4% - -
1975 22% 20.2% - -
1974 19% 19% - -
1973 21.8% 23.1% - -
1972 21.9% 30.1% - -
1971 24.8% 34.4% - -
1970 22.7% 39.8% - -
1969 20.5% 33.2% - -
1968 19% 33.2% - -
1967 20.1% 33.3% - -
1966 18.9% 33.4% - -
1965 19% 33.4% - -
1964 18.9% 25.7% - -
1963 17.5% 27.6% - -
1962 15.7% 28.8% - -
1961 22.9% 28.9% - -
1960 15.6% 19.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/turkey/uzbekistan | CC BY

In 2024, Turkey's government spending was $444B, accounting for 32.6% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 24% in Turkey and 32.7% in Uzbekistan, ranking 170/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Turkey

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Turkey Uzbekistan
2024 -4.57% -2.37%
2023 -5.22% -4.03%
2022 -1.1% -3.65%
2021 -2.98% -4.1%
2020 -4.64% -2.95%
2019 -4.69% -0.3%
2018 -3.1% 1.64%
2017 -1.87% 1.04%
2016 -1.68% 0.7%
2015 -0.51% -0.28%
2014 -0.96% 1.9%
2013 -1.21% 2.15%
2012 -1.78% 5.89%
2011 -0.35% 5.11%
2010 -2.99% 2.56%
2009 -5.14% 1.82%
2008 -2.13% 5.97%
2007 -1.37% 3.55%
2006 -0.22% 2.72%
2005 -0.75% -3.52%
2004 -4.11% -3.74%
2003 -7.55% -4.87%
2002 -11.3% -6.31%
2001 -11.6% -3.28%
2000 -8.36% -3.66%
1999 -13.8% -2.91%
1998 -9.84% -3.04%
1997 -10.1% -2.05%
1996 -10.7% -1.57%
1995 -5.95% -1.77%
1994 -6.04% -4.47%
1993 -8.84% -12%
1992 -6.73% 7.15%
1991 -6.86% -
1990 -3.65% -
1989 -3.87% -
1988 -3.2% -
1987 -3.47% -
1986 -2.43% -
1985 -5.84% -
1984 -3.77% -
1983 -1.45% -
1982 -1.61% -
1981 -1.5% -
1980 -3.67% -
1979 -3.06% -
1978 -1.83% -
1977 -5.1% -
1976 -0.6% -
1975 -0.19% -
1974 -1.02% -
1973 -0.98% -
1972 -0.13% -
1971 -3.05% -
1970 0.14% -
1969 -1.45% -
1968 -0.62% -
1967 0.1% -
1966 -0.66% -
1965 -1.18% -
1964 -0.84% -
1963 0% -
1962 -0.16% -
1961 -1% -
1960 -0.83% -
1959 -0.78% -
1958 -0.45% -
1957 -0.66% -
1956 -0.84% -
1955 -0.85% -
1954 -1.12% -
1953 -0.12% -
1952 -0.1% -
1951 0.48% -
1950 -0.53% -
1949 0.81% -
1948 0.84% -
1947 - -
1946 - -
1945 1.01% -
1944 - -
1943 0.22% -
1942 - -
1941 - -
1940 - -
1939 - -
1938 1.18% -
1937 - -
1936 1.43% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20).

GeoRank.org/economy/turkey/uzbekistan | CC BY

In 2024, Turkey's government deficit, the difference between spending and revenue, was $62.1B, equivalent to 4.57% of GDP. This compares to Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Turkey recorded a fiscal deficit in 33 of those years, while Uzbekistan ran a deficit in 20 years. On average, Turkey posted an annual deficit equal to 4.92% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Turkey

Uzbekistan
1x
Year Consumer prices inflation
Turkey Uzbekistan
2024 58.5% 9.6%
2023 53.9% 10%
2022 72.3% 11.4%
2021 19.6% 10.8%
2020 12.3% 12.9%
2019 15.2% 14.5%
2018 16.3% 17.5%
2017 11.1% 13.9%
2016 7.78% 8.8%
2015 7.67% 8.5%
2014 8.85% 9.1%
2013 7.49% 11.7%
2012 8.89% 11.9%
2011 6.47% 12.4%
2010 8.57% 12.3%
2009 6.25% 12.3%
2008 10.4% 13.1%
2007 8.76% 11.2%
2006 9.6% 13.1%
2005 8.18% 10.7%
2004 8.6% 7.3%
2003 21.6% 12.5%
2002 45% 27.3%
2001 54.4% 27.3%
2000 54.9% 25%
1999 64.9% 29.1%
1998 84.6% 29%
1997 85.7% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/turkey/uzbekistan | CC BY

Over the past 28 years, Turkey has recorded an average annual inflation rate of 27.8%, compared with 16.6% in Uzbekistan. In 2024, inflation was 58.5% in Turkey and 9.6% in Uzbekistan.

Top exports between countries

Turkey
Export category Export value
Machinery & equipment $1.03B
Chemicals & pharma $399M
Textiles & consumer goods $365M
Metals $158M
Raw materials & minerals $74.5M
Processed food, beverages & tobacco $62.6M
Miscellaneous $37.3M
Raw agricultural goods $31M
Wood & paper products $29.7M
Animal & marine products $29M
Uzbekistan
Export category Export value
Textiles & consumer goods $577M
Metals $561M
Chemicals & pharma $145M
Raw materials & minerals $103M
Machinery & equipment $87M
Raw agricultural goods $71.1M
Precious metals & jewellery $25.9M
Animal & marine products $10.6M
Wood & paper products $4.68M
Processed food, beverages & tobacco $2.54M

Balance of trade

Turkey Uzbekistan
Current account balance
-$10.2B
2024
-$5.71B
2024
Current account balance ranking
176/190
2024
169/190
2024
Current account balance, % of GDP
-0.75%
2024
-4.97%
2024
Goods imports
$314B
2024
$33.2B
2024
Goods exports
$257B
2024
$19.6B
2024
Service imports
$53.3B
2024
$10.5B
2024
Service exports
$115B
2024
$6.55B
2024
Imports of goods and services, % of GDP
27%
2024
38%
2024
Exports of goods and services, % of GDP
27.6%
2024
22.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Turkey Uzbekistan
Economic freedom 55 60.3
Economic freedom ranking 129/197 94/197
Property rights 36.4 43.1
Government integrity 35.3 32
Judicial effectiveness 23.5 13.7
Tax burden 72 95
Government spending 71.8 73.7
Fiscal health 77.8 79.9
Business freedom 61.6 62.5
Labor freedom 44.3 48.4
Monetary freedom 36.5 65.1
Trade freedom 71 80.6
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

Turkey
Uzbekistan
1x
Year Economic freedom index
Turkey Uzbekistan
2026 55 60.3
2025 56.1 58
2024 56.2 55.9
2023 56.9 56.5
2022 56.9 55.7
2021 64 58.3
2020 64.4 57.2
2019 64.6 53.3
2018 65.4 51.5
2017 65.2 52.3
2016 62.1 46
2015 63.2 47
2014 64.9 46.5
2013 62.9 46
2012 62.5 45.8
2011 64.2 45.8
2010 63.8 47.5
2009 61.6 50.5
2008 59.9 51.9
2007 57.4 51.5
2006 57 48.7
2005 50.6 45.8
2004 52.8 39.1
2003 51.9 38.3
2002 54.2 38.5
2001 60.6 38.2
2000 63.4 38.1
1999 59.2 33.8
1998 60.9 31.5
1997 60.8 -
1996 56.7 -
1995 58.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/turkey/uzbekistan | CC BY

The Economic Freedom Index for Turkey is 55, ranking 129/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Turkey Uzbekistan
Services, % of GDP
57.5%
2024
45.2%
2024
Industry, % of GDP
25.5%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
5.82%
2024
18.3%
2024
GNI, Atlas method
$1.15T
2024
$110B
2024
GNI per capita, PPP
$45,110
2024
$12,000
2024
Total reserves including gold
$155B
2024
$41.2B
2024
Total reserves ranking
21/177
2024
50/177
2024
Net foreign direct investment
-$5.13B
2024
-$2.81B
2024
Net inflows of foreign direct investment
$11.7B
2024
$2.99B
2024
Net outflows of foreign direct investment
$6.61B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
6.67%
2024
9.88%
2024
Poverty at national poverty lines
13.6%
2023
8.9%
2024
Gross capital formation, % of GDP
30.7%
2024
33.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/turkey/uzbekistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.