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

The Gross Domestic Product (GDP) in Turkey expanded 2.30 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 3.89 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.

      Forecast
Turkey GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.60 12.60 -14.70 1999 - 2015 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. Content for - Turkey GDP Annual Growth Rate - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-12-10 08:00 AM Q3 1.7% 2.2% (R) 3% 3.5%
2015-03-31 08:00 AM Q4 2.6% 1.9% (R) 2% 1.85%
2015-06-10 08:00 AM Q1 2.3% 2.6% 1.6% 1.7%
2015-09-10 08:00 AM Q2 2.3% 2.25%
2015-12-10 08:00 AM Q3 1.57%


Turkey GDP Growth Beats Forecasts


The Turkish economy expanded 2.3 percent year-on-year in the first three months of 2015, slowing from a 2.6 percent increase in the previous period but better than market expectations, driven by household and public spending.

Household consumption increased 4.5 percent (2.4 percent in the last quarter of 2014) and government spending rose 2.5 percent (1.7 percent in the last quarter of 2014) while gross fixed capital formation was flat (-0.1 percent in the last quarter of 2014). Exports shrank 0.3 percent (3.4 percent in the last quarter of 2014) while imports rose 4.1 percent (4.6 percent in the last quarter of 2014).

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 1.3 percent, up from na upwardly revised 0.8 percent increase in the last three months of 2014. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2015 8:44:03 AM


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Turkey GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 1.30 0.80 6.69 -7.57 percent [+]
GDP Annual Growth Rate 2.30 2.60 12.60 -14.70 percent [+]
GDP Constant Prices 30089412.60 32104187.90 33645425.00 14436128.60 TRY THO [+]
Gross National Product 29244571.20 31221057.20 33951424.90 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7007218.40 7925596.70 8006607.10 82266.40 TRY THO [+]
GDP per capita PPP 18646.78 18147.60 18646.78 10620.56 USD [+]
Gdp From Agriculture 1389793.00 2761621.00 5014777.00 799601.00 TRY THO [+]
Gdp From Construction 1700579.40 1837354.30 1906769.40 822819.00 TRY THO [+]
Gdp From Manufacturing 7682700.40 7643585.80 7912345.20 3491758.90 TRY THO [+]
Gdp From Mining 160347.10 198059.00 255476.10 116491.40 TRY THO [+]
Gdp From Public Administration 913244.81 977343.42 977343.42 561744.19 TRY THO [+]
Gdp From Transport 3704269.00 3887856.00 4027025.00 1498463.00 TRY THO [+]
Gdp From Utilities 459935.00 678802.00 678802.00 204058.00 TRY THO [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]