Turkey GDP Growth Rate 1998-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Turkey expanded 1.70 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Turkey averaged 0.96 Percent from 1998 until 2014, 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. GDP Growth Rate in Turkey is reported by the Turkish Statistical Institute.

   
 
 
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Turkey GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.90 6.69 -7.57 1998 - 2014 Percent Quarterly
Turkey is a rapidly developing country and the largest national economy in Central and Eastern Europe. Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agriculture sector that still accounts for about 30% of employment. It has a strong and rapidly growing private sector, yet the state remains a major participant in basic industry, banking, transport, and communication. This page provides - Turkey GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Turkey GDP Growth Rate - was last refreshed on Tuesday, September 2, 2014.


Turkish GDP Growth Accelerates in Q1


The Turkish economy advanced a seasonally adjusted 1.7 percent quarter-on-quarter in the first three months of 2014, up from a revised 0.9 percent expansion in the previous quarter. The GDP grew at its fastest pace in a year, boosted by agricultural and mining production.

Agricultural production increased 5 percent, following a 0.8 percent expansion in the previous quarter. Mining and quarrying grew 5.2 percent, recovering from six consecutive quarters of contraction.

The manufacturing sector advanced at a faster 1.7 percent (0.6 percent in Q4 2013); electricity and gas production increased 0.8 percent; water supply rose 4.6 percent; wholesale and trade advanced 0.7 percent and construction rose 1 percent, the same rate recorded in the previous quarter.

In contrast, real estate activities slowed to 0.3 percent and the information and communication sector shrank 2 percent.

Year-on-year, the GDP expanded 4.3 percent in the first three months of 2014, in line with market expectations.

Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 11:41:36 AM


Recent Releases

Turkey GDP Expands 0.5% in Q4
Turkey's seasonal and calendar adjusted GDP advanced 0.5 percent in the last quarter of 2013, while GDP growth reached 4.0 percent in 2013. Published on 2014-03-31

Turkey's GDP Grows 0.9% QoQ in Q3
In the third quarter of 2013, the Turkish seasonal and calendar adjusted gross domestic product expanded 0.9 percent quarter-on-quarter, down from 2.0 percent in the previous quarter. Published on 2013-12-10


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-10 07:00 AM Turkey
GDP Growth Rate QoQ
Q2 2013 2.1% 1.5% (R) 0.18%
2013-12-10 08:00 AM Turkey
GDP Growth Rate QoQ
Q3 2013 0.9% 2.0% (R) 0.96%
2014-03-31 08:00 AM Turkey
GDP Growth Rate QoQ
Q4 2013 0.5% 0.8% (R) 0.19%
2014-06-10 08:00 AM Turkey
GDP Growth Rate QoQ
Q1 2014 1.7% 0.9% (R) 0.3%
2014-09-10 08:00 AM Turkey
GDP Growth Rate QoQ
Q2 2014 1.7% 1.19%


GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 1.70 0.90 6.69 -7.57 Percent [+]
GDP Annual Growth Rate 4.30 4.40 12.60 -14.70 Percent [+]
GDP Constant Prices 29209519.30 31244878.90 32998647.40 14436128.60 TRY THO [+]
Gross National Product 28950015.50 30561324.60 32442970.00 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7061512.00 7923527.50 7923527.50 82266.40 TRY THO [+]
GDP per capita PPP 13737.22 13608.95 13737.22 5986.22 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 1.10 Mar/14 0.80 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 2.10 Mar/14 1.10 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.70 Jun/14 1.60 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.60 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.50 Mar/14 0.20 1.90 -2.20 Percent [+]
Turkey 1.70 Mar/14 0.90 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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