Turkey GDP Annual Growth Rate  1999-2016 | Data | Chart | Calendar

The Turkish economy advanced 4.8 percent on the year in the three months to March of 2016, following a 5-year high of 5.7 percent expansion in the previous period and beating market expectations of 4.5 percent growth. Household consumption and government expenditure were the main drivers of growth while fixed investment contracted and net external demand contributed negatively. On a quarterly basis, the GDP advanced 0.8 percent. GDP Annual Growth Rate in Turkey averaged 3.94 percent from 1999 until 2016, 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.

Turkey GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.80 5.70 12.60 -14.70 1999 - 2016 percent Quarterly
On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent, followed by gross fixed capital formation (22 percent) and government expenditure (15 percent). Exports of goods and services account for 27 percent of GDP while imports account for 32 percent, subtracting 5 percent from total GDP. This page provides the latest reported value for - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Annual 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 4% 3.8% 2.8% 3.2%
2016-03-31 07:00 AM Q4 5.7% 3.9% 5.2% 3.5%
2016-06-10 07:00 AM Q1 4.8% 5.7% 4.5% 5.5%
2016-09-09 07:00 AM Q2 4.8% 5.1%
2016-12-12 08:00 AM Q3 4.4%

Turkey Economy Expands 4.8% in Q1


The Turkish economy advanced 4.8 percent on the year in the three months to March of 2016, following a 5-year high of 5.7 percent expansion in the previous period and beating market expectations of 4.5 percent growth. Household consumption and government expenditure were the main drivers of growth while fixed investment contracted and net external demand contributed negatively.

Household consumption grew at a faster 6.9 percent (+4.7 percent in Q4) and government spending rose further by 10.9 percent (+8.1 percent in Q4). In contrast, gross fixed capital formation shrank 0.1 percent, following a 3.5 percent expansion in the previous quarter.

Exports rose by 2.4 percent (+2.1 percent in Q4), while imports advanced at a faster 7.5 percent (-2.6 percent in Q4), after two periods of contraction. 

On the production side, services sector grew 5.1 percent, industry expanded 5.9 percent and agriculture activities advanced 2.7 percent.

On a seasonally adjusted quarterly basis, the economy expanded 0.8 percent.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/10/2016 8:23:17 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 3.10 Mar/16
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Czech Republic 3.00 Mar/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
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Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
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New Zealand 2.80 Mar/16
South Korea 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Lithuania 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Latvia 2.10 Mar/16
Chile 2.00 Mar/16
Macedonia 2.00 Mar/16
United Kingdom 2.00 Mar/16
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Cayman Islands 1.90 Sep/15
European Union 1.80 Mar/16
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
Euro Area 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
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Austria 1.60 Mar/16
Finland 1.60 Mar/16
Belgium 1.50 Mar/16
Netherlands 1.50 Mar/16
Paraguay 1.50 Mar/16
Zimbabwe 1.50 Dec/15
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France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Canada 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Belize 0.60 Dec/15
Denmark 0.60 Mar/16
Iran 0.60 Mar/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Ukraine 0.10 Mar/16
Kazakhstan -0.20 Mar/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Uruguay -0.50 Mar/16
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Brazil -5.40 Mar/16
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