Istanbul’s share in total GDP stood at 31 percent in 2017

Istanbul’s share in total GDP stood at 31 percent in 2017

ISTANBUL
Istanbul’s share in total GDP stood at 31 percent in 2017

Istanbul’s share in the country’s GDP was 31.2 percent, or 970 billion Turkish Liras, in 2017, data from the Turkish Statistical Institute (TÜİK) have shown. 

Istanbul, Turkey’s largest city and commercial and business center, was followed by the capital Ankara with 280.5 billion liras and 9.0 percent share. İzmir, the country’s third largest city, came third with 191.5 billion liras and 6.2 percent share, TÜİK said on Jan. 7.

The first three provinces with the highest share of GDP accounted for 46.4 percent of the total GDP of Turkey.

The bottom three provinces, in terms of share in GDP, were the eastern provinces of Tunceli, Ardahan and Bayburt with 2.8 billion liras, 2.3 billion liras and 1.8 billion liras, respectively.

Istanbul also had the highest GDP per capita with 65,042 liras in 2017, followed by the western industrial province of Kocaeli with 64,659 liras. In Ankara, GDP per capita was 52,000 liras.

The southeastern province of Şanlıurfa and the eastern provinces of Van and Ağrı had the lowest GDP per capita with 14,185 liras, 14, 080 liras and 12,720 liras, respectively.

In 2017, GDP per capita for 10 provinces were over the average of that of Turkey, data also showed.

Istanbul also had the largest share in the industry sector, with 29 percent. The shares of Ankara and İzmir were 8.2 percent and 7 percent, respectively.

Turkish economy, GDP growth,