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Economy of Turkey vs Zimbabwe compared: GDP & Debt

Updated on by Georank

Turkey has a GDP of $1.6T compared to $51.2B for Zimbabwe, ranking 16/197 and 95/197 by economy size, respectively.

Turkey has $375B in government debt (23.5% of GDP), compared to $22.4B (43.8% of GDP) in Zimbabwe.

Turkey vs Zimbabwe GDP by year

Turkey
Zimbabwe
1x
Year GDP, current $
Turkey Zimbabwe
2025 $1,597,293,229,287 $51,215,643,906
2024 $1,359,123,768,774 $41,521,975,830
2023 $1,141,242,864,657 $35,871,781,303
2022 $926,097,476,914 $40,757,585,309
2021 $839,938,668,172 $41,287,852,524
2020 $733,628,247,119 $31,979,753,645
2019 $775,853,144,223 $33,360,632,553
2018 $788,356,985,774 $34,141,666,667
2017 $863,874,522,365 $51,035,657,371
2016 $870,818,016,910 $20,559,250,000
2015 $865,460,050,684 $19,973,250,000
2014 $942,343,431,929 $19,505,500,000
2013 $962,167,643,589 $19,100,750,000
2012 $885,327,622,479 $17,123,500,000
2011 $844,192,507,381 $14,109,000,000
2010 $782,545,664,268 $12,047,750,000
2009 $653,894,449,921 $9,670,750,000
2008 $775,415,944,333 $4,418,000,000
2007 $685,228,481,017 $5,294,750,000
2006 $559,668,118,237 $5,446,750,000
2005 $508,314,210,213 $5,758,250,000
2004 $410,156,784,496 $5,808,500,000
2003 $315,392,899,922 $5,730,500,000
2002 $240,778,008,474 $6,345,250,000
2001 $202,195,080,239 $6,780,750,000
2000 $274,748,463,179 $6,693,250,000
1999 $256,673,939,248 $6,861,500,000
1998 $276,035,372,655 $6,405,250,000
1997 $263,817,553,748 $8,534,000,000
1996 $250,366,965,174 $8,557,500,000
1995 $234,699,627,004 $7,115,000,000
1994 $130,650,447,499 $6,894,250,000
1993 $180,415,757,852 $6,567,250,000
1992 $159,104,772,992 $6,755,000,000
1991 $151,034,731,544 $8,646,000,000
1990 $150,655,500,192 $8,788,301,546
1989 $107,127,191,329 $8,290,553,535
1988 $90,875,175,809 $7,818,774,177
1987 $87,190,081,680 $6,744,657,033
1986 $75,673,037,037 $6,220,698,247
1985 $67,232,758,621 $5,640,137,575
1984 $59,937,602,180 $6,355,369,172
1983 $61,803,555,556 $7,768,031,182
1982 $64,369,325,153 $8,544,060,905
1981 $71,180,180,180 $8,015,464,252
1980 $68,823,684,211 $6,682,278,300
1979 $89,616,129,032 $5,180,102,910
1978 $65,912,500,000 $4,353,822,343
1977 $58,683,333,333 $4,366,610,469
1976 $51,450,000,000 $4,320,576,877
1975 $46,042,857,143 $4,373,532,601
1974 $35,414,285,714 $3,984,194,614
1973 $26,000,000,000 $3,311,043,292
1972 $20,650,000,000 $2,679,096,597
1971 $16,166,666,667 $2,179,828,710
1970 $17,863,636,364 $1,885,168,339
1969 $19,466,666,667 $1,748,891,294
1968 $17,500,000,000 $1,480,355,355
1967 $15,644,444,444 $1,397,715,282
1966 $14,100,000,000 $1,282,403,936
1965 $11,966,666,667 $1,312,105,394
1964 $11,177,777,778 $1,217,759,447
1963 $10,355,555,556 $1,160,103,724
1962 $8,922,222,222 $1,118,172,226
1961 $7,988,888,889 $1,097,206,526
1960 $7,566,666,667 $1,053,528,036

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Turkey vs Zimbabwe by year

Turkey
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Turkey Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $18,599 - $3,021 -
2024 $15,893 $45,639 $2,496 $5,928
2023 $13,375 $42,786 $2,195 $5,791
2022 $10,898 $39,564 $2,536 $5,396
2021 $9,982 $32,106 $2,614 $4,827
2020 $8,798 $29,209 $2,060 $4,179
2019 $9,395 $29,016 $2,185 $4,166
2018 $9,684 $28,640 $2,271 $3,993
2017 $10,756 $28,354 $3,445 $10,756
2016 $10,984 $26,731 $1,408 $4,275
2015 $11,065 $25,890 $1,387 $4,046
2014 $12,209 $24,193 $1,373 $3,903
2013 $12,636 $22,475 $1,363 $3,784
2012 $11,777 $20,739 $1,239 $3,472
2011 $11,374 $19,717 $1,038 $3,047
2010 $10,699 $17,466 $902 $2,661
2009 $9,077 $15,560 $736 $2,233
2008 $10,913 $16,142 $341 $1,987
2007 $9,767 $14,951 $414 $2,396
2006 $7,990 $13,555 $431 $2,454
2005 $7,332 $11,803 $461 $2,496
2004 $5,980 $10,759 $470 $2,591
2003 $4,650 $9,474 $468 $2,708
2002 $3,591 $9,154 $525 $3,238
2001 $3,052 $9,014 $566 $3,533
2000 $4,199 $9,326 $563 $3,429
1999 $3,974 $8,470 $582 $3,491
1998 $4,331 $8,763 $552 $3,527
1997 $4,197 $11,514 $751 $3,457
1996 $4,041 $10,624 $767 $3,372
1995 $3,846 $9,962 $648 $3,051
1994 $2,176 $9,253 $634 $3,012
1993 $3,058 $9,751 $605 $2,703
1992 $2,744 $8,969 $631 $2,651
1991 $2,649 $8,418 $831 $2,930
1990 $2,690 $8,208 $867 $2,757
1989 $1,949 - $840 -
1988 $1,686 - $816 -
1987 $1,650 - $726 -
1986 $1,461 - $693 -
1985 $1,326 - $649 -
1984 $1,209 - $757 -
1983 $1,276 - $959 -
1982 $1,360 - $1,096 -
1981 $1,537 - $1,069 -
1980 $1,516 - $949 -
1979 $2,013 - $779 -
1978 $1,510 - $665 -
1977 $1,372 - $677 -
1976 $1,228 - $687 -
1975 $1,122 - $717 -
1974 $881 - $674 -
1973 $661 - $579 -
1972 $537 - $483 -
1971 $431 - $406 -
1970 $488 - $361 -
1969 $544 - $346 -
1968 $501 - $302 -
1967 $459 - $294.4 -
1966 $425 - $278.7 -
1965 $370 - $294.3 -
1964 $354 - $281.9 -
1963 $337 - $277.1 -
1962 $298.2 - $275.7 -
1961 $274.4 - $279.2 -
1960 $267.1 - $276.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Turkey's GDP per capita is $18,599, ranking 66/197, compared to $3,021 in Zimbabwe, ranking 146/197. Adjusted for purchasing power (GDP per capita PPP), Turkey ranks 51st at $45,639, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Turkey Zimbabwe
Gross domestic product
$1.6T
2025
$51.2B
2025
GDP rank
16/197
2025
95/197
2025
GDP growth
3.6%
2024-2025
8.11%
2024-2025
GDP per capita
$18,599
2025
$3,021
2025
GDP per capita rank
66/197
2025
146/197
2025
GDP per capita, PPP
$45,639
2024
$5,928
2024
GDP per capita PPP rank
51/197
2024
154/197
2024
Government debt
$375B
2025
$22.4B
2025
Debt-to-GDP ratio
23.5%
2025
43.8%
2025
Government debt per person
$4,367
2025
$1,322
2025
Government debt per person rank
92/185
2025
134/185
2025
Average annual personal income after taxes
$12,616
2026
$2,800
2026
Market capitalization of domestic companies
$404B
2025
$2.46B
1999
Number of millionaires
93,000
2026
n/a
Number of billionaires
32
2026
1
2026
Income share by richest 10%
34.4%
2023
40.5%
2019
Income share by poorest 10%
2.1%
2023
1.9%
2019
Government expenditure, % of GDP
32.4%
2025
15.5%
2025
Consumer prices inflation
34.9%
2024-2025
81.4%
2024-2025
Central bank interest rate
37%
2026
35%
2024
Unemployment rate
8.4%
2025
12.1%
2024
Population
86225430
17443108

Spending and national debt comparison by year

Turkey
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Turkey Zimbabwe
Government spending Government debt Government spending Government debt
2025 32.4% 23.5% 15.5% 43.8%
2024 32.9% 23.6% 13.7% 70.4%
2023 32.7% 28.2% 21.1% 76.1%
2022 26.8% 29.4% 12.1% 66.8%
2021 30.5% 38.9% 12.4% 39.9%
2020 34% 38.3% 8.4% 56.8%
2019 34.8% 31.2% 7.7% 53.9%
2018 33.9% 28.8% 14.6% 33%
2017 32.4% 26.9% 21.1% 49%
2016 33.8% 27% 17% 35.1%
2015 32.4% 26.5% 14.9% 34.1%
2014 32.5% 27.4% 14.2% 29.2%
2013 33.5% 29.5% 15.2% 26.4%
2012 34% 30.8% 14.8% 27.2%
2011 32.6% 34.8% 16.5% 30%
2010 35.2% 38.6% 13.1% 33.2%
2009 37% 42.4% 8.02% 39.7%
2008 33.5% 37% 2.57% 41.3%
2007 32.7% 37.1% 3.46% 30.2%
2006 33.4% 44.2% 5.79% 26.7%
2005 32% 50.2% 10.6% 22.4%
2004 34.5% 57% - -
2003 38.3% 63.6% - -
2002 40.9% 71.2% - -
2001 43.9% 75.6% - -
2000 39.4% 51.2% - -
1999 32.7% 52.1% - -
1998 27.9% 36.5% - -
1997 26.4% 32.5% - -
1996 24.5% 35.5% - -
1995 19.4% 34.6% - -
1994 20.5% 39.2% - -
1993 22% 29.1% - -
1992 18.6% 29.2% - -
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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Turkey's government spending was $517B, accounting for 32.4% of its GDP, while Zimbabwe spent $7.92B, or 15.5% of GDP.

Debt-to-GDP ratio is 23.5% in Turkey and 43.8% in Zimbabwe, ranking 169/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Turkey

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Turkey Zimbabwe
2025 -2.78% 0.08%
2024 -4.51% -0.76%
2023 -5.19% -9.45%
2022 -1.1% -1%
2021 -2.98% -1.83%
2020 -4.64% 0.53%
2019 -4.69% -0.06%
2018 -3.1% -4.55%
2017 -1.87% -8.68%
2016 -1.68% -4.99%
2015 -0.51% -1.61%
2014 -0.96% -0.87%
2013 -1.21% -1.21%
2012 -1.78% -0.35%
2011 -0.35% -1.98%
2010 -2.99% -0.4%
2009 -5.14% -1.48%
2008 -2.13% -1.22%
2007 -1.37% -1.71%
2006 -0.22% -1.46%
2005 -0.75% -3.58%
2004 -4.11% -
2003 -7.55% -
2002 -11.3% -
2001 -11.6% -
2000 -8.36% -
1999 -13.8% -
1998 -9.84% -
1997 -10.1% -
1996 -10.7% -
1995 -5.95% -
1994 -6.04% -
1993 -8.84% -
1992 -6.73% -
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) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Turkey's government deficit, the difference between spending and revenue, was $44.4B, equivalent to 2.78% of GDP. This compares to Zimbabwe's surplus of $41.9M, or 0.08% of GDP.

Over the past 21 years, Turkey recorded a fiscal deficit in 21 of those years, while Zimbabwe ran a deficit in 19 years. On average, Turkey posted an annual deficit equal to 2.38% of GDP, compared to deficit of 2.22% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Turkey

Zimbabwe
1x
Year Consumer prices inflation
Turkey Zimbabwe
2025 34.9% 81.4%
2024 58.5% 736%
2023 53.9% 667%
2022 72.3% 193.4%
2021 19.6% 98.5%
2020 12.3% 557%
2019 15.2% 255.3%
2018 16.3% 10.6%
2017 11.1% 0.9%
2016 7.78% -1.6%
2015 7.67% -2.4%
2014 8.85% -0.2%
2013 7.49% 1.6%
2012 8.89% 3.7%
2011 6.47% 3.5%
2010 8.57% 3%
2009 6.25% 6.2%
2008 10.4% -
2007 8.76% -
2006 9.6% -
2005 8.18% -
2004 8.6% -
2003 21.6% -
2002 45% -
2001 54.4% -
2000 54.9% -
1999 64.9% -
1998 84.6% -
1997 85.7% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2009–2025, retrieved 2026-07-08).

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

Over the past 17 years, Turkey has recorded an average annual inflation rate of 20.9%, compared with 153.8% in Zimbabwe. In 2025, inflation was 34.9% in Turkey and 81.4% in Zimbabwe.

Top exports between countries

Turkey
Export category Export value
Machinery & equipment $12M
Raw materials & minerals $3M
Processed food, beverages & tobacco $2.4M
Textiles & consumer goods $2.38M
Chemicals & pharma $2.07M
Metals $1.93M
Miscellaneous $1.88M
Weapons & explosives $420K
Raw agricultural goods $81K
Wood & paper products $5K
Zimbabwe
Export category Export value
Processed food, beverages & tobacco $13.2M
Raw materials & minerals $322K
Textiles & consumer goods $54K
Chemicals & pharma $23K
Raw agricultural goods $7K
Machinery & equipment $3K

Balance of trade

Turkey Zimbabwe
Current account balance
-$10.4B
2024
$501M
2024
Current account balance ranking
175/190
2024
59/190
2024
Current account balance, % of GDP
-0.77%
2024
+1.21%
2024
Goods imports
$313B
2024
$9.06B
2024
Goods exports
$257B
2024
$7.79B
2024
Service imports
$55.8B
2024
$1.66B
2024
Service exports
$117B
2024
$457M
2024
Imports of goods and services, % of GDP
25.1%
2025
23.4%
2024
Exports of goods and services, % of GDP
24.8%
2025
18.1%
2024

Economic freedom indices

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

Turkey Zimbabwe
Economic freedom 55 35.2
Economic freedom ranking 129/197 190/197
Property rights 36.4 19.4
Government integrity 35.3 20.7
Judicial effectiveness 23.5 16.8
Tax burden 72 73.6
Government spending 71.8 93.9
Fiscal health 77.8 52.4
Business freedom 61.6 42
Labor freedom 44.3 33.3
Monetary freedom 36.5 0
Trade freedom 71 50.4
Investment freedom 70 10
Financial freedom 60 10

Economic freedom comparison by year

Turkey
Zimbabwe
1x
Year Economic freedom index
Turkey Zimbabwe
2026 55 35.2
2025 56.1 35.1
2024 56.2 38.2
2023 56.9 39
2022 56.9 33.1
2021 64 39.5
2020 64.4 43.1
2019 64.6 40.4
2018 65.4 44
2017 65.2 44
2016 62.1 38.2
2015 63.2 37.6
2014 64.9 35.5
2013 62.9 28.6
2012 62.5 26.3
2011 64.2 22.1
2010 63.8 21.4
2009 61.6 22.7
2008 59.9 29.5
2007 57.4 32
2006 57 33.5
2005 50.6 35.2
2004 52.8 34.4
2003 51.9 36.7
2002 54.2 36.7
2001 60.6 38.8
2000 63.4 48.7
1999 59.2 47.2
1998 60.9 44.6
1997 60.8 48
1996 56.7 46.7
1995 58.4 48.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Turkey is 55, ranking 129/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Turkey Zimbabwe
Services, % of GDP
59.4%
2025
48.2%
2025
Industry, % of GDP
24%
2025
37.1%
2025
Agriculture, forestry, and fishing, % of GDP
5.21%
2025
9.47%
2025
GNI, Atlas method
$1.4T
2025
$45B
2025
GNI per capita, PPP
$44,630
2025
$6,390
2025
Total reserves including gold
$186B
2025
$485M
2024
Total reserves ranking
20/177
2025
159/177
2024
Net foreign direct investment
-$5.08B
2024
-$465M
2024
Net inflows of foreign direct investment
$11.7B
2024
$465M
2024
Net outflows of foreign direct investment
$6.61B
2024
$131M
2024
Servicing debt to the IMF, % of GNI
6.68%
2024
3.44%
2024
Poverty at national poverty lines
13%
2024
38.3%
2019
Gross capital formation, % of GDP
31.7%
2025
8.85%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.