Turkey GDP Annual Growth Rate 1999-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Turkey expanded 2.10 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 3.95 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.

   
 
 

Turkey GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.10 4.70 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 Friday, October 24, 2014.


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.

Household consumption increased 0.4 percent year-on-year, slowing from a 3.2 percent expansion in the previous quarter. Government expenditure rose at a slower 2.4 percent, following a 9.2 percent increase in the preceding quarter.   

Exports grew 5.5 percent, slowing sharply from an 11.1 percent expansion in the first quarter while imports shrank 4.6 percent following a 0.7 percent increase in previous period.

Gross fixed capital formation shrank 3.5 percent after a 0.2 percent drop in the January to March period.

On a quarter-on-quarter seasonally adjusted basis, the economy contracted 0.5 percent in the second quarter, following a revised 1.8 percent expansion in the previous three months.

Turkstat l Rida l rida@tradingeconomics.com
9/10/2014 9:21:31 AM


Recent Releases

Turkish Economy Advances 4.3% in Q1
The Turkish GDP grew 4.3 percent year-on-year in the first three months of 2014, slowing slightly from a 4.4 percent expansion in the previous period. A surge in exports and higher government spending were enough to offset a slowdown in household consumption and a drop in investment. Published on 2014-06-10

Turkish GDP Growth Beats Expectations in Q4
In the last three months of 2013, the Turkish economy expanded 4.4 percent over a year earlier, up from a revised 4.3 percent in the previous three months and above market expectations. Published on 2014-03-31


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-10 08:00 AM Turkey
GDP Growth Rate YoY
Q3 2013 4.4% 4.5% (R) 4.1% 5.62%
2014-03-31 08:00 AM Turkey
GDP Growth Rate YoY
Q4 2013 4.4% 4.3% (R) 3.23%
2014-06-10 08:00 AM Turkey
GDP Growth Rate YoY
Q1 2014 4.3% 4.4% 4.3% 4%
2014-09-10 08:00 AM Turkey
GDP Growth Rate YoY
Q2 2014 2.1% 4.7% (R) 2.8% 2.5%
2014-12-10 08:00 AM Turkey
GDP Growth Rate YoY
Q3 2014 2.1% 3.5%


Turkey GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate -0.50 1.80 6.69 -7.57 Percent [+]
GDP Annual Growth Rate 2.10 4.70 12.60 -14.70 Percent [+]
GDP Constant Prices 30803171.10 29332280.40 32998647.40 14436128.60 TRY THO [+]
Gross National Product 28950015.50 30561324.60 32442970.00 14600600.00 TRY THO [+]
GDP per capita 8716.68 8483.33 8716.68 2315.94 USD [+]
Gross Fixed Capital Formation 7536187.50 7006994.00 7923527.50 82266.40 TRY THO [+]
GDP per capita PPP 18646.78 18147.60 18646.78 10620.56 USD [+]