Turkish Statistics Institute

A total of 2.7 million visitors came to Türkiye for shopping purposes in the first nine months of 2024, down from 2.78 million shoppers in the same period of last year.

They spent $4.8 billion on clothing and shoes, up from $4.5 billion in January-September of 2023, showed data the Turkish Statistics Institute (TÜİK) unveiled earlier this week.

Türkiye's coffee exports have generated a total of $154.7 million in revenues in almost five years, but the country spent more than $1 billion on imported coffee over the same period.

Although Türkiye does not grow coffee beans, it processes the product and exports it to a wide range of countries.

The number of foreign visitors and Türkiye's tourism revenues continued to increase, separate data showed on July 31.

Türkiye aims to draw 60 million visitors and generate $60 billion in tourism revenues this year.

Foreign tourist arrivals increased by 9.1 percent in June compared with the same month of last year to 6.8 million, the Culture and Tourism Ministry said.

As the 25 percent cap on rent hikes expired as of July 2, landlords and tenants waited for the inflation data for June because if a contract is to be renewed this month, the rent hike should be in line with the 12-month average consumer price inflation.

The cap was introduced in June 2022 for two years but the government decided to discontinue it.

Türkiye ranked first in Europe and was among the top 10 countries in the world last year in terms of agricultural income generated, Agriculture and Forestry Minister İbrahim Yumaklı has said.

Türkiye's agricultural income amounted to $68.5 billion in 2025, said Yumaklı, citing data from the UN's Food and Agriculture Organization and the World Bank.

This week will see the release of some important macroeconomic data for the Turkish economy, including monthly and annual inflation statistics.

On July 3, the Turkish Statistics Institute (TÜİK) will unveil highly anticipated consumer price inflation numbers.

Türkiye posted a foreign trade deficit of $6.5 billion in May, marking a significant 48 percent decline from the same month of last year, data from the Turkish Statistics Institute (TÜİK) have shown.

Exports, which fell 0.1 percent annually in the previous month, surged 11.3 percent from a year ago to stand at $24.07 billion.

A survey by the Turkish Statistics Institute (TÜİK) has shown that confidence in the economy further eroded.

The economic confidence index declined for a third month in a row, falling 2.5 percent month-on-month to 95.8 in June, the statistics authority said on June 27.

The gauge of confidence was down 1 percent in April and declined 0.8 percent in May.

The Turkish economy grew by 5.7 percent in the first quarter of 2024 from a year ago, accelerating from the 4 percent of expansion in the final quarter of 2023, data from the Turkish Statistics Institute (TÜİK) have shown.

The quarterly growth of the Turkish economy quickened from 1 percent to 2.4 percent.

A measure that limits rent increases to a maximum of 25 percent is not likely to be extended once again when it expires in July.