Turkey GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Turkey expanded 4.40 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey is reported by the Turkish Statistical Institute. GDP Annual Growth Rate in Turkey averaged 3.95 Percent from 1999 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.40 4.30 12.60 -14.70 3.23 | 2013/12 1999 - 2013 Percent Quarterly

TO

Turkey GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-11 08:00 AM Turkey
GDP Growth Rate YoY
Q1 2013 3% 1.4% 2.3% 2.39%
2013-09-10 07:00 AM Turkey
GDP Growth Rate YoY
Q2 2013 4.4% 2.9% (R) 3.7% 2.22%
2013-12-10 08:00 AM Turkey
GDP Growth Rate YoY
Q3 2013 4.4% 4.5% (R) 4.1% 5.62%
2014-03-31 08:00 AM Turkey
GDP Growth Rate YoY
Q4 2013 4.4% 4.3% (R) 3.23%
2014-06-10 08:00 AM Turkey
GDP Growth Rate YoY
Q1 2014 4.4% 4%
2014-09-10 08:00 AM Turkey
GDP Growth Rate YoY
Q2 2014 3.5%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.50 2013-12-31 0.80 6.69 -7.57 0.19 2013-12-31 Percent [+]
GDP Annual Growth Rate 4.40 2013-12-31 4.30 12.60 -14.70 3.23 2013-12-31 Percent [+]
GDP Constant Prices 31244878.90 2013-11-15 32998647.40 32998647.40 14436128.60 30983256.01 2014-06-30 TRY THO [+]
Gross Fixed Capital Formation 7923527.50 2013-11-15 7444591.60 7923527.50 82266.40 7786018.49 2014-03-31 TRY THO [+]
Gross National Product 30561324.60 2013-11-15 32442970.00 32442970.00 14600600.00 29412324.74 2014-03-31 TRY THO [+]
GDP per capita 8492.61 2012-12-31 8413.32 8492.61 2315.94 8900.13 2014-06-30 USD [+]
GDP per capita PPP 13737.22 2012-12-31 13608.95 13737.22 5986.22 14396.41 2014-06-30 USD [+]
GDP 789.30 2012-12-31 774.80 789.30 8.00 830.38 2014-06-30 USD Billion [+]
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Turkish GDP Growth Beats Expectations in Q4

In the last three months of 2013, the Turkish economy expanded 4.4 percent over a year earlier, up from a revised 4.3 percent in the previous three months and above market expectations.

Government consumption recorded the highest growth rate (6.8 percent), followed by gross fixed capital formation (6.4 percent) and household consumption (5.3 percent). Exports contracted for the second straight quarter by 1.5 percent. 

On the production side, financial and insurance activities rose the most on the year (12.8 percent), followed by professional, scientific and technical activities (6.9 percent), construction and wholesale and retail trade (6.2 percent each). Manufacturing expanded 4.9 percent. 

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.5 percent, lower than a 0.8 percent expansion in the previous quarter. 

Considering full 2013, the economy grew 4 percent, better than a revised 2.1 percent expansion in 2013. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2014 11:20:04 AM

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Turkish Economy Expands 4.4% YoY in Q2
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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