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

Turkish GDP advanced 1.3 percent on quarter in the three months to September of 2015, slowing slightly from an upwardly revised 1.4 percent increase in the previous quarter, boosted by households and government spending while a contraction in fixed investment dragged the expansion down. GDP Growth Rate in Turkey averaged 0.95 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 1.30 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-10 08:00 AM Q1 1.3% 0.8%(R) 0.2%
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 1.3% 1.1%
2016-06-10 07:00 AM Q1 1%
2016-09-09 07:00 AM Q2 1.2%

Turkish Economy Grows at Slowest Pace This Year


Turkish GDP advanced 1.3 percent on quarter in the three months to September of 2015, slowing slightly from an upwardly revised 1.4 percent increase in the previous quarter, boosted by households and government spending while a contraction in fixed investment dragged the expansion down.

Government spending advanced 3.1 percent (+2.5 percent in Q2) and household consumption went up 1.6 percent, accelerating from a 0.5 percent expansion in Q2. By contrast, gross fixed capital formation shrank 5.8 percent, from a 5.8 percent growth in Q2.

Exports expanded 1.7 percent after contracting 1.5 percent in the previous quarter while imports continued to fall (-5.1 percent from -0.6 percent in Q2).

Year-on-year, the economy expanded 4 percent, the fastest pace since the first quarter of 2014.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/10/2015 10:38:28 AM

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.30 6.69 -7.57 percent [+]
GDP Annual Growth Rate 4.00 3.80 12.60 -14.70 percent [+]
GDP 798.43 823.24 823.24 8.02 USD Billion [+]
GDP Constant Prices 34933562.10 32091148.80 34933562.10 14436128.60 TRY THO [+]
Gross National Product 35260909.60 31359000.00 35260909.60 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 7368798.80 8281826.30 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 5288949.00 2371221.00 5288949.00 799601.00 TRY THO [+]
GDP From Construction 1942174.70 1908305.90 1942174.70 822819.00 TRY THO [+]
GDP From Manufacturing 7418822.40 8293619.60 8293619.60 3491758.90 TRY THO [+]
GDP From Mining 247443.60 210031.10 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 995268.73 885625.70 995268.73 561744.20 TRY THO [+]
GDP From Transport 4103520.00 4052873.00 4103520.00 1498463.00 TRY THO [+]
GDP From Utilities 598620.00 558731.00 686259.00 204058.00 TRY THO [+]




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European Union 0.30 Dec/15
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Japan 0.30 Sep/15
Netherlands 0.30 Dec/15
Uganda 0.28 Sep/15
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France 0.20 Dec/15
Portugal 0.20 Dec/15
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Italy 0.10 Dec/15
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