Turkey GDP Growth Rate 1998-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Turkey expanded 0.40 percent in the third 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


Actual Previous Highest Lowest Dates Unit Frequency
0.40 -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 Friday, December 19, 2014.


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.

On a quarter-on-quarter seasonally adjusted basis, financial and insurance activities rose 2.3 percent; transportation and storage increased 1.9 percent; mining output grew 1 percent and construction expanded 0.2 percent. 

In contrast, manufacturing was flat and agriculture, forestry and fishing contracted for the second consecutive quarter by 2.5 percent. Wholesale and retail trade shrank 0.5 percent and information and communication activities fell 0.6 percent. 

Year-on-year, the economy expanded 1.7 percent in the three months to September, slowing for the second consecutive quarter. Considering the first nine months of 2014 together, the GDP grew 2.8 percent.

Turkstat| Joana Taborda | joana.taborda@tradingeconomics.com
12/10/2014 10:30:28 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-06-10 08:00 AM
GDP Growth Rate QoQ  Q1
1.7% 0.9% (R) 0.3%
2014-09-10 08:00 AM
GDP Growth Rate QoQ  Q2
-0.5% 1.8% (R) 1.18%
2014-12-10 08:00 AM
GDP Growth Rate QoQ  Q3
0.4% -0.5% 1%
2015-03-31 08:00 AM
GDP Growth Rate QoQ  Q4
0.55%
2015-06-10 08:00 AM
GDP Growth Rate QoQ  Q1
-0.83%
2015-09-10 08:00 AM
GDP Growth Rate QoQ  Q2
-0.71%


Turkey GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 0.40 -0.50 6.69 -7.57 percent [+]
GDP Annual Growth Rate 1.70 2.20 12.60 -14.70 percent [+]
GDP Constant Prices 33529893.10 30841957.10 33529893.10 14436128.60 TRY THO [+]
Gross National Product 33842333.10 30446906.30 33842333.10 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7365774.50 7535853.80 7923527.50 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 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]