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BIST10012,151
-0.94%
USD49.22
0.00%
EUR55.21
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October 12, 202619°

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Erdoğan: Türkiye is world’s 16th-largest economy with $18,103 per capita income

President Erdoğan told the MÜSİAD EXPO in Istanbul that Türkiye is the world’s 16th and Europe’s 6th-largest economy, with per capita income reaching $18,103 in 2025 and GDP totaling $1.602 trillion.

The Turkiye Times Editorial DeskSeptember 27, 2026, 09:39 PM

Erdoğan: Türkiye is world’s 16th-largest economy with $18,103 per capita income

President Recep Tayyip Erdoğan said at the MÜSİAD EXPO International Trade Fair in Istanbul that Türkiye is “the world’s 16th and Europe’s 6th-largest economy.” Per capita income rose from $3,616 in 2002 to $18,103 in 2025, and the economy reached $1.602 trillion at current prices, he said, noting 24 consecutive quarters of growth, including 2.6% in the first quarter of 2026 and 2.3% in the second.

Exports rose from $36 billion in 2002 to $273.2 billion in 2025, Erdoğan said, and reached $185 billion in January–August 2026, up 4%. Defense and aerospace exports grew 16.2% to $6.3 billion in the first eight months.