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

The Turkish economy advanced 3.5 percent year-on-year in the last three months of 2016, recovering from a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of a 2.3 percent rise. The expansion was driven by higher investment and a rebound in household spending and exports. On a quarterly basis, the economy advanced 3.8 percent. Considering full 2016, the GDP grew 2.9 percent, above expectations of 2.2 percent. GDP Annual Growth Rate in Turkey averaged 4.66 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 3.5% -1.3% 2.3% 1.3%
2017-06-09 07:00 AM Q1 3.5% 1.8%
2017-09-08 07:00 AM Q2 2.6%
2017-12-12 07:00 AM Q3 2.9%




Turkey GDP Growth Beats Expectations In Q4


The Turkish economy advanced 3.5 percent year-on-year in the last three months of 2016, recovering from a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of a 2.3 percent rise. The expansion was driven by higher investment and a rebound in household spending and exports. On a quarterly basis, the economy advanced 3.8 percent.

Household spending increased 5.7 percent, recovering from a 1.7 percent fall in the previous period and gross fixed capital formation jumped 2 percent, compared to a 0.5 percent rise in the previous quarter. Exports went up 2.3 percent, rebounding from a 9.3 percent contraction in the third quarter and imports rose faster by 3.3 percent (2.1 percent in Q3). In contrast, public expenditure slowed (0.8 percent from 5.6 percent in Q3).

Considering full 2016, the GDP grew 2.9 percent, above expectations of 2.2 percent but well below 6.1 percent in 2015. Household spending (2.3 percent from 5.5 percent) and gross fixed capital formation (3 percent from 9.2 percent) slowed sharply and exports shrank 2 percent, following a 4.2 percent rise in 2015. In contrast, imports rose faster (3.9 percent compared to 1.7 percenbt) and public expenditure advanced more (7.3 percent compared to 4.1 percent). 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2017 9:29:36 AM



Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.80 -2.10 5.60 -5.40 percent [+]
GDP Annual Growth Rate 3.50 -1.30 11.70 -14.40 percent [+]
GDP 717.88 798.78 823.26 8.02 USD Billion [+]
GDP Constant Prices 429459491.40 402740218.30 429459491.40 148486309.20 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 131057114.70 116315589.50 131057114.70 82266.40 TRY THO [+]
GDP per capita 11522.71 11245.78 11522.71 2996.48 USD [+]
GDP per capita PPP 19460.48 18992.78 19460.48 10849.05 USD [+]
GDP From Agriculture 23588634.00 50961791.00 54488486.00 6480266.00 TRY THO [+]
GDP From Construction 31943917.50 30775021.80 32188542.30 5582784.30 TRY THO [+]
GDP From Manufacturing 72255653.00 59060852.00 72255653.00 23491042.00 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 -1.30 11.70 -14.40 1999 - 2016 percent Quarterly
NSA



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Saudi Arabia 1.20 Dec/16
Bahrain 1.10 Dec/16
Jamaica 1.10 Dec/16
Mozambique 1.10 Dec/16
Tunisia 1.10 Dec/16
Comoros 1.00 Dec/15
Italy 1.00 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
France 0.80 Mar/17
Nepal 0.77 Dec/15
South Africa 0.70 Dec/16
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Iran 0.60 Mar/15
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