According to the World Bank GDP (PPP) Ranking, Turkey is the largest economy of Central and Eastern Europe (CEE) and the fifth largest economy in Europe overall. According to IMF figures, Turkey’s PPP-adjusted GDP actualized at USD 1,908 billion as of 2015 and reached USD 1,988 billion as of 2016 year-end. The table below shows that Turkey’s GDP figures are higher than many CEE countries’ GDP figures. The Ministry of Development’s 2018–20 Medium-Term Program (MTP) projects that the growth rate will be maintained at 5.5% for 2017, while the IMF projection indicates a growth rate of 5.1%.
