Turkey: Gross fixed capital formation

Name: Turkey: Gross fixed capital formation
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Millions of local currency · 1950–2025 · 76 observations · forecasts to 2026 · finv

2025: 17.5 trillionlocal currency
Change on 2024: +38.1%year on year
Average growth, 2015–2025: +38.1%a year
In US dollars, 2025: $442 billionUS dollars

Gross fixed capital formation

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Recent values

Millions of local currency

Year	Value
2026	21,625,060	Forecast
2025	17,492,980
2024	12,669,323
2023	8,456,574
2022	4,377,873
2021	2,044,234
2020	1,389,479
2019	1,121,664
2018	1,119,584
2017	935,635
2016	764,545

Sources

Mitchell1950–2010
OECD Economic Outlook1960–2025
WDI (archive)1968–1997
World Development Indicators1968–2025
FAO1970–2023
United Nations1970–2024
Eurostat1995–2025
IMF International Financial Statistics1995–2025
OECD Economic Outlook (forecast)2025–2027

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Turkey documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

Gross fixed capital formation

Recent values

Sources

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