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

The Turkish economy advanced 4 percent year-on-year in the three months to September of 2015, following a 3.8 percent expansion in the previous period and staying way above market expectations of 2.8 percent. It was the highest growth rate since the first quarter of 2014. On a quarter-on-quarter seasonally adjusted basis, the economy expanded 1.3 percent, compared to an upwardly revised 1.4 percent growth in the previous quarter. GDP Annual Growth Rate in Turkey averaged 3.90 percent from 1999 until 2015, 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
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.80 12.60 -14.70 1999 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-10 08:00 AM Q1 2.3% 2.6% 1.6% 1.7%
2015-09-10 08:00 AM Q2 3.8% 2.5% 3.45% 3%
2015-12-10 08:00 AM Q3 4% 3.8% 2.8% 3.2%
2016-03-31 07:00 AM Q4 4% 3.5%
2016-06-10 07:00 AM Q1 2.7%
2016-09-09 07:00 AM Q2 3.1%

Turkish GDP Grows 4% in Q3, Beats Forecasts


The Turkish economy advanced 4 percent year-on-year in the three months to September of 2015, following a 3.8 percent expansion in the previous period and staying way above market expectations of 2.8 percent. It was the highest growth rate since the first quarter of 2014, mainly boosted by government expenditure and a positive contribution from net external demand.

Government spending grew further by 7.8 percent (+7.2 percent in Q2) while household consumption advanced at a slower 3.4 percent (+5.5 percent in Q2). By contrast, gross fixed capital formation shrank by 0.5 percent, after expanding sharply by 9.7 percent in the previous quarter.

Exports declined by 0.6 percent (-1.9 percent in Q2) while imports contracted at a faster 1 percent (+1.5 percent in Q2), the first fall in three quarters. 

On the production side, agriculture activities grew 11.1 percent, industry advanced 1.5 percent and services sector expanded 5 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 1.3 percent, compared to an upwardly revised 1.4 percent growth in the previous quarter.

Considering the first nine months of the year, the economy expanded by 3.4 percent. 

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/10/2015 8:54:57 AM

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.30 6.69 -7.57 percent [+]
GDP Annual Growth Rate 4.00 3.80 12.60 -14.70 percent [+]
GDP 798.43 823.24 823.24 8.02 USD Billion [+]
GDP Constant Prices 34933562.10 32091148.80 34933562.10 14436128.60 TRY THO [+]
Gross National Product 35260909.60 31359000.00 35260909.60 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 7368798.80 8281826.30 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 5288949.00 2371221.00 5288949.00 799601.00 TRY THO [+]
GDP From Construction 1942174.70 1908305.90 1942174.70 822819.00 TRY THO [+]
GDP From Manufacturing 7418822.40 8293619.60 8293619.60 3491758.90 TRY THO [+]
GDP From Mining 247443.60 210031.10 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 995268.73 885625.70 995268.73 561744.20 TRY THO [+]
GDP From Transport 4103520.00 4052873.00 4103520.00 1498463.00 TRY THO [+]
GDP From Utilities 598620.00 558731.00 686259.00 204058.00 TRY THO [+]




Last
South Sudan 15.90 Dec/14
Sierra Leone 13.80 Dec/14
Chad 11.20 Dec/14
Ethiopia 10.30 Dec/13
Ivory Coast 10.00 Sep/15
Palestine 9.60 Sep/15
Congo 9.50 Dec/14
Myanmar 8.70 Dec/14
Maldives 8.50 Dec/14
Papua New Guinea 8.40 Dec/14
Uzbekistan 8.00 Sep/15
Togo 7.60 Sep/15
India 7.40 Sep/15
Laos 7.40 Dec/14
Monaco 7.20 Dec/14
Dominican Republic 7.10 Sep/15
East Timor 7.10 Dec/14
Zambia 7.10 Dec/14
Vietnam 7.01 Dec/15
Cambodia 7.00 Dec/14
Ireland 7.00 Sep/15
Mauritania 6.90 Dec/14
China 6.80 Dec/15
Liechtenstein 6.70 Dec/13
Turkmenistan 6.70 Dec/15
Afghanistan 6.40 Dec/14
Tanzania 6.30 Sep/15
Bangladesh 6.12 Dec/14
Rwanda 6.10 Sep/15
Malawi 6.00 Dec/14
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Mozambique 5.90 Sep/15
Kenya 5.80 Sep/15
Philippines 5.80 Dec/15
Senegal 5.80 Sep/15
Cameroon 5.70 Jun/15
Panama 5.60 Sep/15
Djibouti 5.50 Dec/14
Nepal 5.48 Dec/14
Luxembourg 5.40 Sep/15
Malta 5.40 Sep/15
Benin 5.10 Sep/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Uganda 4.90 Sep/15
Sri Lanka 4.82 Sep/15
Niger 4.80 Sep/15
Sao Tome and Principe 4.80 Dec/14
Angola 4.70 Dec/14
Burundi 4.70 Dec/14
Czech Republic 4.70 Sep/15
Malaysia 4.70 Sep/15
Morocco 4.70 Dec/15
Nicaragua 4.70 Sep/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Guinea Bissau 4.50 Sep/15
Lesotho 4.40 Dec/14
Mali 4.30 Sep/15
Burkina Faso 4.20 Sep/15
Fiji 4.20 Dec/14
Guinea 4.20 Dec/14
Montenegro 4.20 Sep/15
Pakistan 4.14 Dec/14
Algeria 4.00 Dec/14
Bhutan 4.00 Dec/14
Cuba 4.00 Dec/15
Turkey 4.00 Sep/15
Zimbabwe 4.00 Dec/14
Sweden 3.90 Sep/15
Qatar 3.80 Sep/15
Slovakia 3.70 Sep/15
Ghana 3.60 Sep/15
Guyana 3.60 Dec/14
Poland 3.60 Dec/15
Romania 3.60 Sep/15
Saudi Arabia 3.60 Sep/15
Guatemala 3.50 Jun/15
Kyrgyzstan 3.50 Dec/15
Macedonia 3.50 Sep/15
Namibia 3.50 Sep/15
Spain 3.50 Dec/15
Kosovo 3.40 Jun/15
Mauritius 3.40 Sep/15
Suriname 3.40 Dec/14
Armenia 3.30 Sep/15
Colombia 3.20 Sep/15
Madagascar 3.20 Dec/14
Bosnia and Herzegovina 3.10 Sep/15
Honduras 3.10 Dec/14
Comoros 3.00 Dec/15
Costa Rica 3.00 Sep/15
Latvia 3.00 Dec/15
Norway 3.00 Sep/15
South Korea 3.00 Dec/15
Albania 2.98 Sep/15
Bulgaria 2.90 Sep/15
Georgia 2.90 Dec/15
Peru 2.90 Sep/15
Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
Seychelles 2.80 Dec/14
Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
Mongolia 2.60 Sep/15
Somalia 2.60 Dec/14
Israel 2.52 Sep/15
Australia 2.50 Sep/15
Mexico 2.50 Dec/15
Slovenia 2.50 Sep/15
Swaziland 2.50 Dec/14
Bahrain 2.40 Sep/15
Hungary 2.40 Sep/15
Argentina 2.30 Jun/15
Hong Kong 2.30 Sep/15
New Zealand 2.30 Sep/15
Chile 2.20 Sep/15
Cyprus 2.20 Sep/15
Lebanon 2.00 Dec/14
Lithuania 2.00 Dec/15
Paraguay 2.00 Sep/15
Singapore 2.00 Dec/15
Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
Netherlands 1.90 Sep/15
United Kingdom 1.90 Dec/15
United States 1.80 Dec/15
Germany 1.70 Dec/15
Cayman Islands 1.60 Jun/15
Euro Area 1.60 Sep/15
Japan 1.60 Sep/15
France 1.50 Dec/15
Jamaica 1.50 Sep/15
Cape Verde 1.40 Sep/15
Portugal 1.40 Sep/15
Belgium 1.30 Dec/15
Serbia 1.30 Dec/15
Canada 1.20 Sep/15
Kazakhstan 1.20 Dec/15
Austria 1.10 Dec/15
Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
North Korea 1.00 Dec/14
South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
Estonia 0.70 Sep/15
Liberia 0.70 Dec/14
Iran 0.60 Mar/15
Uruguay 0.56 Sep/15
Denmark 0.50 Sep/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Tunisia -0.10 Sep/15
Finland -0.20 Sep/15
Yemen -0.20 Dec/14
Taiwan -0.28 Dec/15
Greece -0.90 Sep/15
Puerto Rico -0.90 Dec/14
Belize -1.00 Sep/15
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Botswana -3.50 Sep/15
Moldova -3.70 Sep/15
Russia -3.80 Dec/15
Belarus -3.90 Jan/16
Brazil -4.50 Sep/15
Venezuela -7.10 Sep/15
Ukraine -7.20 Sep/15
Libya -21.80 Dec/14
Macau -24.20 Sep/15