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

The Gross Domestic Product (GDP) in Turkey expanded 1.30 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Turkey averaged 0.93 percent from 1998 until 2015, 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.

Turkey GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.80 6.69 -7.57 1998 - 2015 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 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. Content for - Turkey GDP Growth Rate - was last refreshed on Friday, September 4, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.3% 0.8%(R) 0.2%
2015-09-10 08:00 AM Q2 1.3% 0.8%
2015-12-10 08:00 AM Q3 1.34%


Turkey GDP Growth at 1.3% in Q1


The Turkish economy expanded 1.3 percent on quarter in the first three months of 2015. It is the highest growth rate in a year due to a rebound in exports.

Exports recovered from three consecutive quarters of contraction and increased 3 percent (-1.0 percent in the last quarter of 2014) while imports fell 3.3 percent (9 percent in the last quarter of 2014). Household consumption rose at a slower 0.9 percent (1.5 percent in the last quarter of 2014) while government spending surged 4.1 percent (0.2 percent in the last quarter of 2014). Gross fixed capital formation shrank 0.9 percent (0 percent in the last quarter of 2014). 

In the last three months of 2014, the economy expanded na upwardly revised 0.8 percent (0.7 percent in the previous estimate).

Year-on-year, the GDP advanced 2.3 percent in the first quarter of 2015, slightly down from 2.6 percent in the previous period but above market forecasts. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2015 10:21:39 AM


Recent Releases

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.
Published on 2015-03-31

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

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.
Published on 2014-06-10


Turkey GDP Last Previous Highest Lowest Unit
GDP 799.54 823.24 823.24 8.02 USD Billion [+]
GDP Growth Rate 1.30 0.80 6.69 -7.57 percent [+]
GDP Annual Growth Rate 2.30 2.60 12.60 -14.70 percent [+]
GDP Constant Prices 30089412.60 32104187.90 33645425.00 14436128.60 TRY THO [+]
Gross National Product 29244571.20 31221057.20 33951424.90 14600600.00 TRY THO [+]
GDP per capita 8871.91 8728.76 8871.91 2315.97 USD [+]
Gross Fixed Capital Formation 7007218.40 7925596.70 8006607.10 82266.40 TRY THO [+]
GDP per capita PPP 18884.02 18579.32 18884.02 10567.63 USD [+]
GDP From Agriculture 1389793.00 2761621.00 5014777.00 799601.00 TRY THO [+]
GDP From Construction 1700579.40 1837354.30 1906769.40 822819.00 TRY THO [+]
GDP From Manufacturing 7682700.40 7643585.80 7912345.20 3491758.90 TRY THO [+]
GDP From Mining 160347.10 198059.00 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 913244.81 977343.42 977343.42 561744.19 TRY THO [+]
GDP From Transport 3704269.00 3887856.00 4027025.00 1498463.00 TRY THO [+]
GDP From Utilities 459935.00 678802.00 678802.00 204058.00 TRY THO [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]