Turkey GDP Annual Growth Rate  1999-2017 | Data | Chart | Calendar

The Turkish economy shrank 1.8 percent year-on-year in the third quarter of 2016, compared to an upwardly revised 4.5 percent expansion in the previous period and well below market expectations of a 0.5 percent fall. It is the first contraction since the third quarter of 2009, driven by fall in household spending, investments and exports. GDP Annual Growth Rate in Turkey averaged 4.67 percent from 1999 until 2016, reaching an all time high of 11.70 percent in the first quarter of 2011 and a record low of -14.40 percent in the first quarter of 2009.

Turkey GDP Annual Growth Rate
Receive the next reported value for Turkey GDP Annual Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-10 07:00 AM Q1 4.8% 5.7% 4.5% 5.5%
2016-09-09 07:00 AM Q2 3.1% 4.7% 3.4% 4.4%
2016-12-12 07:00 AM Q3 -1.8% 4.5% -0.5% -0.6%
2017-03-31 07:00 AM Q4 -1.8% -0.3%
2017-06-09 07:00 AM Q1 1.8%
2017-09-08 07:00 AM Q2 2.6%




Turkish GDP Shrinks More Than Expected In Q3


The Turkish economy shrank 1.8 percent year-on-year in the third quarter of 2016, compared to an upwardly revised 4.5 percent expansion in the previous period and well below market expectations of a 0.5 percent fall. It is the first contraction since the third quarter of 2009, driven by fall in household spending, investments and exports.

Household consumption contracted 3.2 percent (+3.1 percent in Q2); investment fell 0.6 percent (+4.7 percent) while government spending jumped 23.8 percent (+13.7 percent in Q2). Net exports contributed negatively, as exports dropped 7 percent (after being flat in Q2) while imports rose 4.3 percent (9.1 percent in Q2). 

On the production side, both services (-8.4 percent compared to -0.8 percent in Q2) and industry (-1.4 percent compared to +4.9 percent in Q2) contracted and construction rose at a slower 1.4 percent (+15.7 percent in Q2).

Turkstat |Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/12/2016 7:31:00 AM



Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.70 1.10 5.60 -5.40 percent [+]
GDP Annual Growth Rate -1.80 4.50 11.70 -14.40 percent [+]
GDP 717.88 798.78 823.26 8.02 USD Billion [+]
GDP Constant Prices 400339902.80 33061048.10 400339902.80 14436128.60 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 115083045.60 8271132.40 115083045.60 82266.40 TRY THO [+]
GDP per capita 11522.71 11245.78 11522.71 2996.48 USD [+]
GDP per capita PPP 18956.27 18500.69 18956.27 10567.96 USD [+]
GDP From Agriculture 50307940.00 2337513.00 50307940.00 799601.00 TRY THO [+]
GDP From Construction 30028117.30 2040371.70 30028117.30 822819.00 TRY THO [+]
GDP From Manufacturing 58677025.40 8535937.00 58677025.40 3491758.90 TRY THO [+]
GDP From Mining 213551.90 164785.90 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 918756.75 943492.18 1002028.84 561744.20 TRY THO [+]
GDP From Transport 4095462.00 3875510.00 4175844.00 1498463.00 TRY THO [+]
GDP From Utilities 587421.00 479733.00 716688.00 204058.00 TRY THO [+]



Turkey GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 4.50 11.70 -14.40 1999 - 2016 percent Quarterly
NSA



Last
Iceland 11.30 Dec/16
Iraq 11.00 Dec/16
Ethiopia 9.60 Dec/15
Papua New Guinea 9.00 Dec/15
Ivory Coast 8.20 Dec/16
Uzbekistan 7.80 Dec/16
Cambodia 7.20 Dec/16
Ireland 7.20 Dec/16
Bangladesh 7.11 Dec/16
India 7.00 Dec/16
Laos 7.00 Dec/15
Macau 7.00 Dec/16
Myanmar 7.00 Dec/15
Tajikistan 6.90 Dec/16
China 6.80 Dec/16
Maldives 6.80 Jun/16
Djibouti 6.70 Dec/15
Vietnam 6.68 Dec/16
Philippines 6.60 Dec/16
Moldova 6.50 Dec/16
Tanzania 6.20 Sep/16
Turkmenistan 6.20 Dec/16
Dominican Republic 5.80 Sep/16
Kenya 5.70 Sep/16
Chad 5.60 Dec/15
Niger 5.60 Sep/16
Bhutan 5.50 Dec/15
Togo 5.50 Sep/16
Burkina Faso 5.40 Sep/16
Monaco 5.40 Dec/15
Sao Tome and Principe 5.30 Dec/15
Sri Lanka 5.30 Dec/16
Guinea Bissau 5.20 Dec/16
Mali 5.20 Dec/16
Palestine 5.20 Sep/16
Malta 5.10 Dec/16
Benin 5.00 Sep/16
Indonesia 4.94 Dec/16
Central African Republic 4.90 Dec/15
Sudan 4.90 Dec/15
Israel 4.80 Dec/16
Luxembourg 4.80 Sep/16
Ukraine 4.80 Dec/16
Pakistan 4.71 Dec/16
Gambia 4.70 Dec/15
Romania 4.70 Dec/16
Botswana 4.50 Sep/16
Malaysia 4.50 Dec/16
Panama 4.50 Dec/16
East Timor 4.30 Dec/15
Nicaragua 4.30 Sep/16
Seychelles 4.30 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Cape Verde 4.00 Sep/16
Ghana 4.00 Sep/16
Mauritius 4.00 Sep/16
Senegal 4.00 Dec/16
Costa Rica 3.99 Sep/16
Algeria 3.90 Dec/15
Bahrain 3.90 Sep/16
Kosovo 3.80 Sep/16
Kyrgyzstan 3.80 Dec/16
Cameroon 3.70 Mar/16
Qatar 3.70 Sep/16
Honduras 3.60 Dec/16
Zambia 3.60 Dec/15
Bulgaria 3.40 Dec/16
Croatia 3.40 Dec/16
Lesotho 3.40 Dec/15
Paraguay 3.40 Dec/16
United Arab Emirates 3.40 Dec/15
Uruguay 3.40 Dec/16
Bolivia 3.24 Jun/16
Comoros 3.20 Dec/15
Lithuania 3.20 Dec/16
Albania 3.10 Sep/16
Hong Kong 3.10 Dec/16
Mauritania 3.10 Dec/15
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Peru 3.00 Dec/16
Slovakia 3.00 Dec/16
Spain 3.00 Dec/16
Thailand 3.00 Dec/16
Cyprus 2.90 Dec/16
Malawi 2.90 Dec/15
Singapore 2.90 Dec/16
Taiwan 2.88 Dec/16
Cayman Islands 2.80 Sep/16
Georgia 2.80 Dec/16
Estonia 2.70 Dec/16
New Zealand 2.70 Dec/16
Poland 2.70 Dec/16
Somalia 2.70 Dec/15
Guatemala 2.60 Sep/16
Latvia 2.60 Dec/16
Slovenia 2.60 Dec/16
El Salvador 2.51 Sep/16
Congo 2.50 Dec/16
Netherlands 2.50 Dec/16
Serbia 2.50 Dec/16
Australia 2.40 Dec/16
Bosnia and Herzegovina 2.40 Sep/16
Macedonia 2.40 Dec/16
Mexico 2.40 Dec/16
Montenegro 2.40 Sep/16
Egypt 2.30 Mar/16
Rwanda 2.30 Dec/16
South Korea 2.30 Dec/16
Sweden 2.30 Dec/16
New Caledonia 2.20 Dec/15
Jamaica 2.00 Sep/16
Portugal 2.00 Dec/16
United Kingdom 2.00 Dec/16
Canada 1.90 Dec/16
Czech Republic 1.90 Dec/16
Denmark 1.90 Dec/16
European Union 1.90 Dec/16
United States 1.90 Dec/16
Jordan 1.80 Sep/16
Kuwait 1.80 Dec/15
Norway 1.80 Dec/16
Uganda 1.75 Sep/16
Austria 1.70 Dec/16
Euro Area 1.70 Dec/16
Swaziland 1.70 Dec/15
Barbados 1.60 Dec/16
Colombia 1.60 Dec/16
Hungary 1.60 Dec/16
Japan 1.60 Dec/16
Zimbabwe 1.50 Dec/15
Haiti 1.40 Dec/16
Finland 1.30 Dec/16
Tunisia 1.30 Sep/16
Belgium 1.20 Dec/16
Germany 1.20 Dec/16
Morocco 1.20 Dec/16
Republic of the Congo 1.20 Dec/15
France 1.10 Dec/16
Mozambique 1.10 Dec/16
Italy 1.00 Dec/16
Kazakhstan 1.00 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
Saudi Arabia 0.90 Sep/16
Nepal 0.77 Dec/15
South Africa 0.70 Dec/16
Bahamas 0.60 Dec/16
Iran 0.60 Mar/15
Switzerland 0.60 Dec/16
Chile 0.50 Dec/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Russia -0.40 Sep/16
Puerto Rico -0.60 Dec/15
Belize -0.80 Sep/16
Liechtenstein -0.80 Dec/14
Cuba -0.90 Dec/16
Armenia -1.00 Dec/17
Namibia -1.00 Sep/16
Greece -1.10 Dec/16
North Korea -1.10 Dec/15
Nigeria -1.30 Dec/16
Ecuador -1.60 Sep/16
Turkey -1.80 Sep/16
Belarus -1.90 Dec/16
Argentina -2.10 Dec/16
Suriname -2.10 Dec/15
Syria -2.30 Dec/11
Afghanistan -2.40 Dec/16
Brazil -2.50 Dec/16
Azerbaijan -3.80 Dec/16
Brunei -3.80 Sep/16
Burundi -4.10 Dec/15
Angola -4.30 Sep/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Equatorial Guinea -10.60 Dec/15
Trinidad and Tobago -10.80 Sep/16
Oman -14.10 Dec/15
Venezuela -18.60 Dec/16
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15