The contribution of Wholesale, Retail Trade, Restaurants, and Hotels to Turkey's GDP has shown minimal fluctuation from 2013 to 2023, standing at 15.9 Units in 2023. The last two years have seen almost no variation, maintaining stability around this figure. The compound annual growth rate (CAGR) forecasted over the next five years is -0.03%, indicating a slight annual decline. The overall five-year growth rate is expected to fall by -0.13% by 2028.
Future trends to watch for include possible effects of digital transformation in retail, shifts in consumer spending habits due to economic factors, and the impact of tourism on the hospitality sector. Monitoring these areas can provide insights into potential deviations from the current stable trend.
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