Turkey GDP Annual Growth Rate 1999-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Turkey expanded 1.70 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 3.92 percent from 1999 until 2014, reaching an all time high of 12.60 percent in the first quarter of 2010 and a record low of -14.70 percent in the first quarter of 2009. GDP Annual Growth Rate in Turkey is reported by the Turkish Statistical Institute.

      Forecast    
Turkey GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.20 12.60 -14.70 1999 - 2014 percent Quarterly
In Turkey, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Turkey GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Turkey GDP Annual Growth Rate - was last refreshed on Saturday, December 20, 2014.


Turkish Economy Grows Below Expectations


Turkey’s GDP advanced 1.7 percent year-on-year in the third quarter of 2014, following a revised 2.2 percent expansion in the previous period. The economy slowed for the second consecutive quarter as private consumption eased and investment continues to decline.

Year-on-year, private expenditure grew a meager 0.2 percent, following a 0.5 percent increase in the second quarter. Gross fixed capital formation shrank for the third consecutive period by 0.4 percent. Public investment contracted 2 percent while private investment was flat. 

Government spending increased at a faster 6.6 percent, boosted by a 9.1 percent rise in purchases of goods and services. Exports rose 8 percent, accelerating from a 5.7 percent rise in the previous period.

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.4 percent, rebounding from a 0.5 percent contraction in the three months to June. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
12/10/2014 9:23:57 AM


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Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-06-10 08:00 AM
GDP Growth Rate YoY  Q1
4.3% 4.4% 4.3% 4%
2014-09-10 08:00 AM
GDP Growth Rate YoY  Q2
2.1% 4.7% (R) 2.8% 2.5%
2014-12-10 08:00 AM
GDP Growth Rate YoY  Q3
1.7% 2.2% (R) 3% 3.5%
2015-03-31 08:00 AM
GDP Growth Rate YoY  Q4
3.85%
2015-06-10 08:00 AM
GDP Growth Rate YoY  Q1
1.13%
2015-09-10 08:00 AM
GDP Growth Rate YoY  Q2
1.88%


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 Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.70 Aug/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.59 Aug/14 2.54 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.30 Aug/14 5.70 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.50 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 1.90 Aug/14 1.60 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]