Turkey: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Turkey

Fiscal balance, percent of GDP

 Latest value -4
 Year 2022
 Measure percent
 Data availability 2002 - 2022
 Average -2.5
 Min - Max -9.74 - 1.76
 Source Ministry of Treasury and Finance of Turkey
For that indicator, we provide data for Turkey from 2002 to 2022. The average value for Turkey during that period was -2.5 percent with a minimum of -9.74 percent in 2002 and a maximum of 1.76 percent in 2006. The latest value from 2022 is -4 percent. For comparison, the world average in 2022 based on 148 countries is -2.67 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Turkey - Fiscal balance, percent of GDP - recent values

Historical chart
Turkey - Fiscal balance, percent of GDP - historical chart - 2002-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 11.65 2022 percent
 Government spending, in dollars 105.71 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -4.00 2022 percent
 Government debt 31.74 2022 percent
 Government expenditure 972.01 Q3/2023 billion
 Tax revenue 16.09 2022 percent
 Commercial tax rate 42.30 2019 percent
 Tax preparation time 170 2019 hours
 Number of taxes 10 2019 taxes
 Taxes on goods and services 37.71 2022 percent
 Taxes on international trade 2.11 2022 percent
 Income and profits taxes 20.87 2022 percent
 Foreign aid 1,055.56 2021 million U.S. dollars
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