Turkey GDP Growth Rate 1998-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Turkey expanded 0.70 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Turkey averaged 0.93 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.

      Forecast
Turkey GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 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 Saturday, May 23, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-09-10 08:00 AM Q2 -0.5% 1.8% (R) 1.18%
2014-12-10 08:00 AM Q3 0.4% -0.5% 1%
2015-03-31 08:00 AM Q4 0.7% 0.5% (R) 0.55%
2015-06-10 08:00 AM Q1 0.7% -0.83%
2015-09-10 08:00 AM Q2 -0.71%
2015-12-10 08:00 AM Q3 0.24%


Turkey GDP Expands 0.7% in Q4


The Turkish economy advanced 0.7 percent on quarter in the three months to December 2014, following a upwardly revised 0.5 percent expansion in the previous period. The expansion was driven by manufacturing, agriculture sector, information & communication and real estate.

On a quarter-on-quarter seasonally adjusted basis, agriculture, forestry and fishing grew by 4.8 percent, information & communication rose by 3.0 percent, real estate expanded by 1.3 percent and wholesale and retail trade expanded by 1.2 percent. Growth was also seen in manufacturing (+0.9 percent) and financial and insurance activities (+0.2 percent).

In contrast, electricity, gas steam and air conditioning supply contracted by 3.7 percent and mining declined by 2.7 percent. Construction fell by 1.7 percent while water supply, sewerage, waste management and remediation activities fell by 3.7 percent. Transport and storage contracted by 0.6 percent and accommodation and food service activities declined by 0.2 percent.

Year-on-year, the economy expanded 2.6 percent in the three months to December, accelerating from a revised 1.9 percent in the previous quarter.

For full year of 2014, the country's economy expanded by 2.9 percent.

Turkstat l Rida Husna l rida@tradingeconomics.com
3/31/2015 1:00:48 PM


Recent Releases

Turkey GDP Growth Rebounds
The Turkish economy advanced 0.4 percent on quarter in the three months to September, following a 0.5 percent contraction in the previous period. The expansion was driven by financial and insurance activities, transportation, construction and mining. Published on 2014-12-10

Turkey GDP Contracts 0.5% QoQ in Q2
The Turkish economy contracted a seasonally adjusted 0.5 percent quarter-on-quarter in the second quarter of 2014, following a revised 1.8 percent expansion in the previous period. It is the first contraction in more than two years as agriculture, manufacturing and trade shrank. Published on 2014-09-10


Turkey GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 0.70 0.50 6.69 -7.57 percent [+]
GDP Annual Growth Rate 2.60 1.90 12.60 -14.70 percent [+]
GDP Constant Prices 32104187.90 33645425.00 33645425.00 14436128.60 TRY THO [+]
Gross National Product 31221057.20 33951424.90 33951424.90 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7925596.70 7403461.30 8006607.10 82266.40 TRY THO [+]
GDP per capita PPP 18646.78 18147.60 18646.78 10620.56 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]