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

Turkey's gross domestic product expanded 0.8 percent on the quarter in the first three months of 2016, slowing from an upwardly revised 1.2 percent expansion in the previous period and boosted by household consumption and government spending; while a contraction in fixed investment dragged expansion down. 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. 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
0.80 0.70 6.69 -7.57 1998 - 2016 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.8% 1.2% 1%
2016-09-09 07:00 AM Q2 0.8% 1.2%
2016-12-12 08:00 AM Q3 1.5%

Turkey Q1 GDP Growth Slows to 0.8%


Turkey's gross domestic product expanded 0.8 percent on the quarter in the first three months of 2016, slowing from an upwardly revised 1.2 percent expansion in the previous period and boosted by household consumption and government spending; while a contraction in fixed investment dragged expansion down.

Household consumption grew 1.6 percent, accelerating from a 0.5 percent expansion in Q4 and government spending advanced 4.5 percent (+4.3 percent in Q4). Meanwhile, gross fixed capital formation shrank 2.5 percent, compared with a 1.8 percent growth in the previous quarter. 

Exports rose 2.8 percent after falling 1.1 percent in the previous quarter while imports went up at a faster 5.8 percent, following a 6.7 percent increase in Q4.

Year-on-year, the economy expanded 4.8 percent, slowing from a 5-year high of 5.7 percent growth in the previous period.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/10/2016 8:43:55 AM

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.70 6.69 -7.57 percent [+]
GDP Annual Growth Rate 4.80 5.70 12.60 -14.70 percent [+]
GDP 798.43 823.24 823.24 8.02 USD Billion [+]
GDP Constant Prices 31679387.70 34077275.90 34933562.10 14436128.60 TRY THO [+]
Gross National Product 30372669.80 33641401.30 35260909.60 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 7041932.60 8206102.50 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 1447094.00 2834226.00 5288949.00 799601.00 TRY THO [+]
GDP From Construction 1826963.50 1936707.70 1942174.70 822819.00 TRY THO [+]
GDP From Manufacturing 8178383.00 8237850.10 8293619.60 3491758.90 TRY THO [+]
GDP From Mining 164214.50 209735.10 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 955860.46 1002092.73 1002092.73 561744.20 TRY THO [+]
GDP From Transport 3879119.00 4170811.00 4170811.00 1498463.00 TRY THO [+]
GDP From Utilities 478320.00 713732.00 713732.00 204058.00 TRY THO [+]




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Australia 1.10 Mar/16
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Ghana 1.10 Mar/16
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Philippines 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Cyprus 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
United States 0.80 Mar/16
Taiwan 0.78 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
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Slovakia 0.70 Mar/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
Argentina 0.50 Jun/15
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Denmark 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
South Korea 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Israel 0.30 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Ecuador 0.10 Dec/15
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Namibia -1.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16