Turkey GDP Growth Rate  1998-2016 | Data | Chart | Calendar | Forecast

The Turkish economy advanced 0.3 percent on quarter in the three months to June of 2016, slowing from a downwardly revised 0.7 percent expansion in the previous period. It is the weakest growth rate in seven quarters as exports and household spending shrank while government spending rose and investment rebounded. GDP Growth Rate in Turkey averaged 0.94 percent from 1998 until 2016, reaching an all time high of 6.69 percent in the second quarter of 2009 and a record low of -7.57 percent in the first quarter of 2009.

Turkey GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-31 07:00 AM Q4 0.7% 1.2% 1.1%
2016-06-10 07:00 AM Q1 0.8% 1.2% 1%
2016-09-09 07:00 AM Q2 0.3% 0.7% 1%
2016-12-12 07:00 AM Q3 0.3% 0.5%
2017-03-31 07:00 AM Q4
2017-06-09 07:00 AM Q1




Turkey GDP Expands 0.3% QoQ in Q2


The Turkish economy advanced 0.3 percent on quarter in the three months to June of 2016, slowing from a downwardly revised 0.7 percent expansion in the previous period. It is the weakest growth rate in seven quarters, supported by government spending and a rebound in investment while exports and household spending shrank.

Household spending declined 0.5 percent, the first contraction in two years and following a 2.5 percent rise in the previous period. In contrast, government spending increased 3.8 percent (4.8 percent in Q1) and gross fixed capital formation went up 5.4 percent, recovering from a 1.7 percent drop in the previous period. Private investment rose 6 percent and public one went up 2.7 percent.

Exports slumped 2.8 percent, following a 2.3 percent increase in the previous period and imports growth slowed 0.5 percent (5.4 percent in Q1).

Year-on-year, the economy expanded 3.1 percent, slowing from a 4.7 percent rise in the previous period and below market expectations of a 3.4 percent rise. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
9/9/2016 9:15:15 AM



Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.70 6.69 -7.57 percent [+]
GDP Annual Growth Rate 3.10 4.70 12.60 -14.70 percent [+]
GDP 718.22 798.80 823.24 8.02 USD Billion [+]
GDP Constant Prices 33061048.10 31648663.90 34900750.50 14436128.60 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 8271132.40 7049807.00 8317214.80 82266.40 TRY THO [+]
GDP per capita 11524.51 11246.14 11524.51 2996.58 USD [+]
GDP per capita PPP 18958.62 18500.69 18958.62 10567.96 USD [+]
GDP From Agriculture 2337513.00 1432673.00 5277228.00 799601.00 TRY THO [+]
GDP From Construction 2040371.70 1826411.90 2040371.70 822819.00 TRY THO [+]
GDP From Manufacturing 8535937.00 8165668.90 8535937.00 3491758.90 TRY THO [+]
GDP From Mining 213551.90 164785.90 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 918756.75 943492.18 1002028.84 561744.20 TRY THO [+]
GDP From Transport 4095462.00 3875510.00 4175844.00 1498463.00 TRY THO [+]
GDP From Utilities 587421.00 479733.00 716688.00 204058.00 TRY THO [+]



Turkey GDP Growth Rate Notes

Turkey is classified as an emerging market economy. The country is one of the world's biggest producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances. This page provides the latest reported value for - Turkey GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.70 6.69 -7.57 1998 - 2016 percent Quarterly
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