The ratio of government expenditure to GDP in Turkey was forecast to decrease between 2024 and 2029 by in total 2.4 percentage points. This overall decrease does not happen continuously, notably not in 2027. While the ratio was increasing earlier, it deteriorated and the ratio was forecast to reach 31.9 percent in 2029. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government expenditure to GDP in countries like Albania, Montenegro, and Serbia.
Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029
Characteristic
Budgetary balance in relation to the gross domestic product
2029*
31.9%
2028*
31.92%
2027*
31.94%
2026*
31.81%
2025*
32.7%
2024*
34.34%
2023
33.18%
2022
27.33%
2021
31.28%
2020
34.67%
Created with Highcharts 7.2.2Budgetary balance in relation to the gross domestic product34.67%34.67%31.28%31.28%27.33%27.33%33.18%33.18%34.34%34.34%32.7%32.7%31.81%31.81%31.94%31.94%31.92%31.92%31.9%31.9%20202021202220232024*2025*2026*2027*2028*2029*
0%5%10%15%20%25%30%35%40%
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IMF. (October 22, 2024). Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029 [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/
IMF. "Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029." Chart. October 22, 2024. Statista. Accessed February 19, 2025. https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/
IMF. (2024). Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029. Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/
IMF. "Turkey: Ratio of Government Expenditure in Relation to Gross Domestic Product (Gdp) from 2020 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/
IMF, Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029 Statista, https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/ (last visited February 19, 2025)
Turkey: Ratio of government expenditure in relation to gross domestic product (GDP) from 2020 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/255680/ratio-of-government-expenditure-to-gdp-in-turkey/
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