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Economic indicators that characterize today's economy of Türkiye, The importance of Turkey is also known from the geographical location between Europe, the Middle East andAsia. Turkey is also a modern Muslim country and culturally stands as a bridge between Western and Islamicworld. Turkey is also playing big role in the distribution of energy from Middle East to Europe. Turkey is playing avery affective role in the region as a leader, mediator and in the betterment of the foreign policies of Islamic andWestern world.
7,3%
GDP
GDP with chain linked volume index (2009=100) increased by 7.3% compared with the same quarter of the previous year in the first quarter of 2024.
August, 2024
122,4%
Tourism
In the first quarter which is January, February and March of 2022 tourism income increased by 122.4% and reached to 5 billion 454 million 488 thousand dollars.
August, 2024
123,000
Sold House
House sales increased by 107.5% in May compared to the same month of the previous year and became 122 thousand 768. İstanbul had the highest share with 18.0% and 22 thousand 148 house sales
August, 2024
15%
Income Tax
Türkiye has a competitive tax rates The Turkish tax legislation includes two main income taxes, namely personal income tax and corporate income tax.
2024
20%
VAT Tax
The standard rate of VAT is 18%. There is a super-reduced rate of 1% applied to: agricultural products; certain residential properties; newspapers & periodicals
2024
96,7
Economic Confidence Index
Economic confidence index which was 94.7 in April increased by 2.1% in May to 96.7. This increase in economic confidence index stemmed from the increases in consumer, services and retail
August, 2024
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