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

The Gross Domestic Product (GDP) in Turkey expanded 4.30 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 3.98 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.

   
 
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Turkey GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.40 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 Wednesday, August 20, 2014.


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.

Household consumption increased by 2.9 percent year-on-year, slowing from a 5.3 percent expansion in the previous quarter. Imports slowed sharply to 0.8 percent from 9.3 percent in the preceding quarter.

In contrast, government expenditure grew 8.6 percent from 6.8 percent in the last three months of 2013 and exports surged 11.4 percent, recovering from a 0.5 percent drop in the previous quarter.

Gross fixed capital formation shrank 0.5 percent, following a 6.4 percent increase in the last quarter of 2013.

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 1.7 percent, compared to a revised 0.9 percent expansion in the previous three months.

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 11:24:00 AM


Recent Releases

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

Turkish Economy Expands 4.4% YoY in Q3
In the third quarter of 2013, Turkey's gross domestic product was up by 4.4 percent year-on-year. This is down from an upwardly revised 4.5 percent growth rate registered in Q2. The expansion exceeded expectations and was driven by growing investment. Published on 2013-12-10


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-10 07:00 AM Turkey
GDP Growth Rate YoY
Q2 2013 4.4% 2.9% (R) 3.7% 2.22%
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 4.3% 3.5%


GDP Last Previous Highest Lowest Unit
GDP 820.21 788.86 820.21 8.00 USD Billion [+]
GDP Growth Rate 1.70 0.90 6.69 -7.57 Percent [+]
GDP Annual Growth Rate 4.30 4.40 12.60 -14.70 Percent [+]
GDP Constant Prices 29209519.30 31244878.90 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 7061512.00 7923527.50 7923527.50 82266.40 TRY THO [+]
GDP per capita PPP 13737.22 13608.95 13737.22 5986.22 USD [+]





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