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

Turkish GDP advanced 0.7 percent on the quarter in the three months to December of 2015, slowing from a downwardly revised 1.2 percent growth in the previous quarter. While fixed investment was the main driver of growth, private consumption expanded at a slower pace and public spending shrank. GDP Growth Rate in Turkey averaged 0.94 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
0.70 1.20 6.69 -7.57 1998 - 2015 percent Quarterly
SA
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-10 08:00 AM Q2 1.3% 1.5% 0.8%
2015-12-10 08:00 AM Q3 1.3% 1.4% 1%
2016-03-31 07:00 AM Q4 0.7% 1.2% 1.1%
2016-06-10 07:00 AM Q1 0.7% 1%
2016-09-09 07:00 AM Q2 1.2%
2016-12-12 08:00 AM Q3 1.5%

Turkish Q4 GDP Growth Slows to 0.7%


Turkish GDP advanced 0.7 percent on the quarter in the three months to December of 2015, slowing from a downwardly revised 1.2 percent growth in the previous quarter. While fixed investment was the main driver of growth, private consumption expanded at a slower pace and public spending shrank.

Gross fixed capital formation advanced 2.8 percent, from a 5.1 percent contraction in the previous quarter. Household consumption grew 0.3 percent, easing from a 1.4 percent expansion in Q3 and government spending contracted 1.1 percent (+3 percent in Q3).

Exports shrank 1.2 percent after increasing 1.6 percent in the previous quarter while imports rose sharply by 6.5 percent (-4.6 percent in Q3).

Year-on-year, the economy expanded 5.7 percent, the fastest pace since the third quarter of 2011.

Considering full year, the GDP advanced 4 percent, accelerating from a 3 percent growth in 2014.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/31/2016 9:06:54 AM

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 1.20 6.69 -7.57 percent [+]
GDP Annual Growth Rate 5.70 3.90 12.60 -14.70 percent [+]
GDP 798.43 823.24 823.24 8.02 USD Billion [+]
GDP Constant Prices 34077275.90 34933562.10 34933562.10 14436128.60 TRY THO [+]
Gross National Product 33641401.30 35260909.60 35260909.60 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 8206102.50 7368798.80 8281826.30 82266.40 TRY THO [+]
GDP per capita 8871.91 8728.76 8871.91 2315.97 USD [+]
GDP per capita PPP 18884.02 18579.32 18884.02 10567.63 USD [+]
GDP From Agriculture 2834226.00 5288949.00 5288949.00 799601.00 TRY THO [+]
GDP From Construction 1936707.70 1942174.70 1942174.70 822819.00 TRY THO [+]
GDP From Manufacturing 8237850.10 7418822.40 8293619.60 3491758.90 TRY THO [+]
GDP From Mining 209735.10 247443.60 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 1002092.73 995268.73 1002092.73 561744.20 TRY THO [+]
GDP From Transport 4170811.00 4103520.00 4170811.00 1498463.00 TRY THO [+]
GDP From Utilities 713732.00 598620.00 713732.00 204058.00 TRY THO [+]




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