Turkey GDP Annual Growth Rate 1999-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Turkey expanded 2.60 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 3.90 percent from 1999 until 2014, 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.

     Forecast  
Turkey GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.60 1.90 12.60 -14.70 1999 - 2014 percent Quarterly
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. Content for - Turkey GDP Annual Growth Rate - was last refreshed on Tuesday, May 5, 2015.


Turkey GDP Growth Beats Expectations in Q4


The Turkish economy expanded 2.6 percent year-on-year in the last three months of 2014, compared with an upwardly revised 1.9 percent increase reported in the previous period. Yet, considering full 2014, the GDP slowed sharply due to a drop in investment and lower household consumption.

Year-on-year, exports grew 3.4 percent while imports rose at a faster 4.6 percent. Household consumption increased 2.4 percent and government spending went up 1.7 percent.  In contrast, gross fixed capital formation shrank for the fourth straight quarter by 1 percent. 

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.7 percent in the last three months of 2014. 

Considering full 2014, the GDP grew 2.9 percent, lower than a 4.2 percent increase in 2013. Gross fixed capital formation contracted 1.3 percent while household consumption slowed sharply to 1.3 percent. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2015 1:04:41 PM


Recent Releases

Turkish Economy Grows Below Expectations
Turkey’s GDP advanced 1.7 percent year-on-year in the third quarter of 2014, following a revised 2.2 percent expansion in the previous period. The economy slowed for the second consecutive quarter as private consumption eased and investment continues to decline. Published on 2014-12-10

Turkey GDP Growth Slows in Q2
The Turkish economy expanded 2.1 percent year-on-year in the second quarter of 2014, slowing from a revised 4.7 percent expansion in the previous period. Investment shrank for the second straight quarter and private consumption slowed sharply. Published on 2014-09-10


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-10 08:00 AM
GDP Growth Rate YoY  Q2
2.1% 4.7% (R) 2.8% 2.5%
2014-12-10 08:00 AM
GDP Growth Rate YoY  Q3
1.7% 2.2% (R) 3% 3.5%
2015-03-31 08:00 AM
GDP Growth Rate YoY  Q4
2.6% 1.9% (R) 2% 1.85%
2015-06-10 08:00 AM
GDP Growth Rate YoY  Q1
2.6% 1.13%
2015-09-10 08:00 AM
GDP Growth Rate YoY  Q2
1.88%
2015-12-10 08:00 AM
GDP Growth Rate YoY  Q3
1.77%


Turkey GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 0.70 0.50 6.69 -7.57 percent [+]
GDP Annual Growth Rate 2.60 1.90 12.60 -14.70 percent [+]
GDP Constant Prices 32104187.90 33645425.00 33645425.00 14436128.60 TRY THO [+]
Gross National Product 31221057.20 33951424.90 33951424.90 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7925596.70 7403461.30 8006607.10 82266.40 TRY THO [+]
GDP per capita PPP 18646.78 18147.60 18646.78 10620.56 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.60 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 3.00 Feb/15 2.40 13.40 -4.10 percent [+]